Bandhan Life Insurance Benefits
Claim Settlement Ratio | 99.66% |
Customer Care | 9:00 AM to 7:00 PM |
Death Benefit Paid For | 274 policies |
Total Death Benefit Paid | 86.14 Crore |
Bandhan Life Insurance plans are a type of insurance plan that aims to satisfy the financial security requirements of the policyholder at a very affordable price in order to safeguard their future. By buying a term insurance plan, you can ensure financial support to your family members even in your absence i.e. if anything happens to you during the policy tenure, then the nominee is entitled to receive the sum assured from the insurance provider in order to meet the daily expenses and long term financial goals of the family members. Moreover, you are given the flexibility to enhance your coverage by including riders or add-on covers to your existing term insurance cover.
Why To Buy Bandhan Life Insurance?
Bandhan life insurance plans extend multiple benefits to the policyholder, some of them are listed below:
- Cost-Effective: Term insurance plans by Bandhan Life insurance provides customers with great value for their money. These plans are not only comprehensive in nature but are also cost-effective. While the coverage for term insurance plans remains high, the premium payable is quite low. This is known to be one of the significant benefits of Bandhan Life insurance plans.
- Flexible Death Benefit Option: Bandhan life term insurance provides their customers with flexibility in pay-out options for death benefits. A couple of options are presented forth the customers to choose from such as a lump sum payment option, fixed monthly income for around 100 months, or a combination of the two.
- Longer Coverage: Generally, most of the term insurance plans offer coverage to a person for up to 70 years of age, but Bandhan life term plans offer coverage to their customers for up to 80 years of age. Thus, making it one of the term plans offered in the market with the longest tenure.
- Riders: With Bandhan life term insurance plans, the customers are offered various kinds of both in-built and add-on riders. The in-built riders in the term plans by Bandhan Life are critical illness and death benefit riders. Moreover, the customers are allowed more riders to the term plans as per their suitability.
- Tax Benefits: As per section 80 C of the Income Tax Act, 1961, premium payable and sum assured of term insurance plans is tax exempted.
Term Life Insurance Premium Calculator
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Choose required coverage to secure your family’s future
Best Bandhan Life Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 80 Lacs+ happy customers
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FAQs
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Can I make changes to my Bandhan term policy after I buy it?
No, policy terms and the premium amount cannot be changed once the policy is bought.
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Are terrorist attacks covered under the Bandhan life term insurance policy?
Yes, death due to terrorist attacks is covered under the Bandhan term plan. The death benefit can be claimed by the policyholder nominee or the legal heir.
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How much life cover should I select when I buy an Bandhan term plan?
Your ideal life cover amount should depend upon your financial situation. Income and Liabilities should be taken into consideration. The basic rule to select your life cover is:
- At age 30 years, life cover should be 20 times your annual income.
- At age 40 years, life cover should be at 15 times your annual income.
- At age 50, your life cover should be 10 times your annual income.
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What is Critical Illness Cover?
Critical illness cover is an additional benefit rider available with Aegon term plan which will provide the policyholder with a lump sum payout if diagnosed with listed 36 critical illnesses. There are no restrictions on hospitals or against any expenses incurred.