Features Of Bandhan Term Insurance Plans

Here are the key features of Bandhan Term Plans:

• Life insurance with lump sum payout on death

• Affordable coverage throughout earning years

• Special Exit Value for premium refund if coverage is no longer needed

• Flexible premium payment frequency

• Tax benefits on premiums and benefits

• Option to include riders for Accidental Death and Critical Illness available

*Note: You can very easily use the term insurance calculator and calculate your term insurance premium amount.

Benefits Of Bandhan Term Insurance Plans

Here are the benefits of Bandhan Term Insurance Plans:

• Financial Security for Your Loved Ones:Term plans offered by Bandhan Life Insurance are designed to provide financial security and peace of mind to your loved ones in case of your untimely demise. The payout from the term insurance plans can help your family maintain their lifestyle, cover essential expenses, and even achieve long-term financial goals like education and retirement.

• Comprehensive Coverage Options: Bandhan Life Insurance offers a wide range of term plans to suit various life stages and needs. Their diverse portfolio ensures you can find a plan that aligns perfectly with your financial goals and requirements.

• Guaranteed Returns: Bandhan Life Insurance, particularly Savings and retirement plans, ensure you receive guaranteed returns when your plan matures. As you pay your premiums over time, your savings grow. Upon maturity, you can choose to receive this accumulated amount either as a one-time lump sum or as a regular income.

• Affordable Premiums: Bandhan Life Term Plans offers high life cover at very affordable premiums, so that you can financially secure your loved ones without any hassle.

• Tax Benefits: Opting for Bandhan Life Term Plans can also provide you with tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. This means you can not only secure your financial future but also enjoy tax advantages while doing so, making Bandhan a smart choice for your insurance needs.

Who Should Buy Bandhan Term Insurance Plans?

• Young Individuals

• Working Women

• Newly Wedded

• Retired People

• Parents with young kids

• Taxpayers

What Are The Exclusions In Bandhan Life Term Plans?

Here are the exclusions in the Bandhan Life Term Plans:

Suicide: If the life assured/policyholder commits suicide within a year of buying the term life insurance policy, the beneficiaries/nominees will not be able to claim the Bandhan Life Term Plan death benefit.

How To Buy Bandhan Term Plans Online in 2024?

Here is how you can buy term plan from Bandhan Life Insurance online very quickly and efficiently:

• Step 1: Go to the term insurance form

• Step 2: Enter your name, gender, date of birth, and contact information

• Step 3: Click on ‘View Plans’ and fill in your smoking habits, occupation type, annual income, and educational background

• Step 4: Select the most suitable Bandhan term insurance and proceed to pay

*Note: It is advised to firstly know what is term insurance and then buy HDFC Life Term Plans.

Documents Required To Buy Bandhan Life Term Insurance Plan

• Identity and Residence Proof: Passport, Voter ID, Adhaar Card, Driving License

• KYC Documents: Insurance Contracts with companies, trusts and foundations, and HUFs

• Income Proof: Salary slip of last 3 months, ITR, 6 months bank statements, CA certificate of the last 3 years

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.