Bankers Life Insurance

Life insurance provides a financial safety net for your loved ones in the event of your passing. It offers a lump-sum payment (known as a death benefit) to your beneficiaries, which can help them cover daily living expenses, settle debts, pay for final expenses, or even invest for long-term needs. It’s also a key part of retirement and financial planning, giving you peace of mind knowing your family will be supported even if you're not around.

51 Partners Insurance Partners

10.5 Crore Registered Consumer

5.3 Crore Policies Sold

We are rated ++ rating

₹2 Crore Life cover starting from

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth (DD/MM/YYYY)

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

Why Choose Bankers Life Insurance Company?

Personalized Approach: With a legacy dating back to 1879, Bankers Life Insurance takes the time to understand your unique financial needs.
Home Consultations: Insurance agents sit down with you to walk through options that suit your goals.
Excellent Customer Service: In 2022, Bankers Life paid over $260 million in life insurance claims to 650,000+ policyholders.
Financial Strength: Accredited by the Better Business Bureau (A+ rating) and rated A (Excellent) by A.M. Best.
Living Benefits: Some life insurance policies offer riders, such as accelerated death benefits, to help during major illnesses.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

How Can Bankers Life Insurance Help Protect Your Family?

Bankers Life Insurance can support your family's financial future in many ways:

Replace lost family income to maintain their lifestyle
Cover outstanding debts like mortgage, credit cards, and loans
Pay for final expenses and funeral costs
Support children's education or other long-term goals
Leave a financial legacy for your heirs

What Type of Life Insurance Policy Suits You Best?

Choosing the right life insurance policy depends on your needs and financial goals. Ask yourself:

What do you want the insurance for life to cover?
How much coverage do you need?
How long will you need coverage?

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

Here’s a quick comparison of Bankers Life Insurance policy types:

Feature	Term Life	Whole Life	Universal Life	Juvenile Life
Coverage Length	Set number of years	Lifelong	Lifelong	Lifelong
Death Benefit	Yes, plus optional living benefit	Yes	Yes	Yes
Premium Payments	Most affordable, level	Level for life	Flexible based on your situation	Level for life
Cash Value	Not applicable	Guaranteed	Guaranteed	Guaranteed
Advantages	Buy what you need affordably	Builds cash value over time	Flexible premiums and access to tax-deferred cash value	Lock in childhood rates for life

How is the Cost of Life Insurance Determined?

Your life insurance quotes are based on several factors:

Type of policy (Term, Whole, Universal, Juvenile)
Coverage amount
Age and gender
Health and medical history
Lifestyle factors (like smoking or high-risk hobbies)
Risk classification is determined through underwriting

Younger and healthier applicants often receive the most affordable quotes insurance premiums.

What are the Eligibility Conditions for the Bankers Life Insurance?

To get coverage from Bankers Life Insurance Company:

Complete a life insurance application
Undergo a medical review (and sometimes a medical exam)
Get approved based on risk classification

The entire process is guided by their expert insurance agents to make it as simple as possible.

Alternate Ways of Buying Term Insurance for NRI from India

If you're a Non-Resident Indian living in the U.S., you can also consider purchasing term insurance for NRI from India. Here’s why:

Benefits of NRIs Buying Term Insurance from India

Lower Premiums: Indian term insurance plans are often more affordable than international term plans for the same coverage.
Wide Range of Options: India has many IRDAI-registered insurers offering flexible and high-cover plans that you can easily compare based on their CSR.
GST Waiver and Discounts: You can claim an 18% GST on term insurance premiums and an additional discount of 5% on annual mode.
Tele/Video Medicals: Term insurance for NRI from India allow customers to clear their medicals online via video or tele consultations,
Global and Pre-approved Cover: Insurers in India offer global coverage with pre-approved cover of up to 5 Crores.

How to Buy Term Insurance for NRI from India?

Buying term insurance for NRI from India while living abroad can be done in the following way:

Step 1: Visit the term insurance for NRI page of Policybazaar

Step 2: Fill in the required details like name, age, gender, and other such details

Step 3: Select the right annual income, occupation type, educational qualifications, and smoking habits

Step 4: Choose the best term insurance for NRI and proceed to pay

Final Thoughts

Bankers Life Insurance offers flexible, reliable, and well-supported life insurance solutions for U.S. residents, particularly those approaching or planning for retirement. Meanwhile, NRIs in the U.S. also have a powerful opportunity to secure affordable and comprehensive term insurance from India, making it a practical cross-border financial decision. Whether you choose a local plan from Bankers Life or a term plan from India, what matters most is ensuring your family’s future is protected.

People also search for

What is Term Life Insurance

˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.