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I Term Prime Plan
504-/ per month
VS
Acko Flexi Term Plan
720-/ per month
| PLAN DETAILS |
I Term Prime Plan |
Acko Flexi Term Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 65 years | Maximum maturity age- 85 years |
| Plan Sum Assured | Base sum assured: 25 lakhs to no upper limit | Base sum assured- Flexible sum assured |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 18 years Maximum Age - 70 years |
| Plan Payment modes | Annual, half-yearly, quarterly & monthly | Yearly, half-yearly, quarterly, and monthly |
| Plan Policy loan | The policy loan is not available under i-Term Prime | Policy loan is not available |
| Plan Sample Premium | Rs 504-/ per month | Rs 720-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term – 5 years Maximum term – 15 years | Minimum policy term- 5 years, Maximum policy term- 40 years |
| Claim Settlement Ratio (2023-24) | 99.73 | 99.38% |
* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.
Bandhan iTerm Prime Plan is a pure protection term insurance plan that comes with affordable premiums. The plan has a minimum sum assured of 25 lakhs with no upper limit on the maximum sum assured. Bandhan iTerm Prime policy also comes with a 'Special Exit Value' which lets you withdraw your policy mid-term and get your premiums back if you do not need the term plan anymore.
Bandhan i-Term Prime Plan is available online for a hassle-free purchase and offers a 5% discount on the first-year premium. You can attach 2 riders to your plan namely Bandhan Life Accidental Death Rider and Bandhan Life Critical Illness Care Rider.
Bandhan Life i-Term Prime offers you a range of benefits including:
You can add the following riders to your i-Term Prime plan:
This rider provides a lump sum payout to the policyholder in case of the diagnosis of a critical illness, such as cancer, heart attack, or stroke. The payout amount can be used to cover medical expenses or other financial obligations.
This rider provides an additional payout in case of the policyholder's death due to an accident. The payout amount is usually a multiple of the sum assured chosen at the time of policy purchase.
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