Bandhan Life Regular Money Back Insurance Plan

Bandhan Life Regular Money Back Insurance Plan covers the life and financial emergencies of assured individuals as a non-linked participating insurance plan. The policy offers flexibility in terms of premium payment and benefits accessed. It focuses on reducing the financial burden of the people through a long term investment process.

Read more
Best Investment Plans
  • Save Upto ₹46,800 in tax under Sec 80C

  • Inbuilt Life Cover

  • Tax Free Returns Unlike FD+

In-built life cover
Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
+91
Secure
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
Get Updates on WhatsApp
We are rated~
rating
58.9 Million
Registered Consumer
51
Insurance Partners
26.4 Million
Policies Sold

The 20-year duration of the policy is divided into two segments. The policyholders are required to invest for the first ten years by paying premiums. In the next ten years, the policyholders will get assured returns as per the IRDAI norms. It also covers financial emergencies and health requirements by providing loans at the surrendered value and accidental benefits through its Premium Shield Rider.

Bandhan Life Regular Money Back Insurance Plan Details:

Policy Tenure

20 years

Premium Payment Term

7 years/ 10 years/ Single Pay

Premium Payment  Frequency

Annually, Half-Yearly, Monthly

Entry Age

Minimum: 7 days

Maximum:

55 years for seven years or ten years of payment terms

60 years for a single payment term

Maturity Age

Maximum:

75 years for seven years and ten years of payment terms

80 years for Single Pay

 

Grace Period

15 days for monthly mode policy

30 days for half-yearly and annual mode policy

 

Sum Assured

The amount of sum assured depends on the premium term and premium mode chosen and the age of the beneficiary.

Liquidity

The policy can be liquidated once surrendered at the surrender value.

Benefits of Bandhan Life Regular Money Back Insurance Plan

  • Flexibility: Bandhan Life Regular Money Back Insurance Plan offers flexibility in terms of payment mode and premium terms. The insured individuals can pay the premiums monthly, half-yearly and annual periods as per their convenience.
  • Loan: Bandhan Life Regular Money Back Insurance Policy offers loans based on the surrender value. The minimum amount of the loan is INR 5000, and the maximum amount is 60% of the policies’ surrender value. The interest rate of the loan is reviewed every financial year.
  • Disability Rider: Bandhan Life Regular Money Back Insurance Policy waives premium amount partially or entirely in case of disability or death of insured individuals due to accidents or sickness.
  • Tax Benefit: Bandhan Life Regular Money Back Insurance Plan Premium will help the insured individuals to get tax benefits as per Income Tax* norms.

*Tax benefit is subject to changes in tax laws

  • Life Cover: It offers life cover to the family members in the absence of insured individuals. The death benefits are increased annually every year.
  • Guaranteed Payouts: Bandhan Life Regular Money Back Insurance Plan offers 15% of the sum insured as guaranteed payouts each year, starting from the 10th policy year till the next ten year period.
  • Bonus: Timely payment of Bandhan Life Regular Money Back Insurance Plan premium allows insured individuals to get two bonuses such as accrued bonus and terminal bonus as a portion of the Sum Assured. This will be paid at every financial year’s end.
  • Death Benefit: Bandhan Life Regular Money Back Insurance Policy offers death benefits to assured individuals during the policy terms, if all premiums are paid. If the policy expires, no death benefit is provided. The death benefit includes interim bonus, accrued bonuses, terminal bonus, and assured death benefit.
  • Surrender Benefit: The policy has the following surrender benefits
  • The policy can provide a loan once it reaches surrender value.
  • The surrender value will be acquired immediately in case the policyholder opted for a single pay mode.
  • It is required to pay two years' premium in case the policyholder opted for other payment modes.
  • Maturity Benefit: Successful payment of Bandhan Life Regular Money Back Insurance Plan premium will offer maturity benefits such as 150% of the assured sum, accrued bonus at 8% rate, and terminal bonus at a 4% rate.

Premium for Bandhan Life Regular Money Back Insurance Plan

The individuals can opt for either single pay or limited pay premium terms if they buy Bandhan Life Regular Money Back Insurance Plan.

For a single pay term, they will provide a minimum premium of INR 1, 00,000.

The limited pay term offers seven years or ten years of payment options. In either case, it is required to pay a minimum premium of INR 12,000 p.a.

The amount of premium and term and mode of the premium will decide the amount of assured sum. The policy applicants can assess these factors with the help of the Bandhan Life Regular Money Back Insurance Plan calculator available online.

Additional Rider for Bandhan Life Regular Money Back Insurance Plan

Persons with a disability or health risk would buy Bandhan Life Regular Money Back Insurance Plan to avail benefits offered by Bandhan Life Premium Shield Rider. It is an additional rider offered alongside the policy. It waives premiums partially or entirely for assured individuals' death or disability by accident or health issues. Under the policy, the critical disabilities included are loss of eyesight, hearing ability, speech, or disability due to limb issues.

Eligibility for Bandhan Life Regular Money Back Insurance Plan: 

  • Entry Age: The minimum age for the applicant must be seven days, and the maximum age for the applicant must be 55 years (Limited Pay) or 60 years (Single Pay)
  • Maturity Age: The maximum age for the applicant must be 75 years (Limited Pay) or 80 years (Single Pay)

What are the Documents Required to Buy this Policy?

The following documents are mandatory to buy the policy.

  • Identity Proof: Aadhar ID, Voter ID, or Passport
  • Address Proof: Aadhar ID, Driving License, Voter ID, Passport or Ration Card
  • Income proof: Income Tax Return documents or salary slips

How to Buy this Plan Online? 

The applicants must check the Bandhan Life Regular Money Back Insurance Plan reviews before purchasing the policy. However, an online Bandhan Life Regular Money Back Insurance Plan is not available. To buy the policy, they must follow the traditional method as mentioned below.

  • They can approach the branch office of Bandhan Life Insurance or insurance advisors.
  • They need to mention the premium amount, policy term, and payment mode to fill the application form.
  • They need to draw a cheque in favor of Bandhan Life Insurance Company Limited.

Exclusions of Bandhan Life Regular Money Back Insurance Plan

The policy excludes cover for death due to suicidal activities. However, the claimant will get 80% of the total premium paid based on the Bandhan Life Regular Money Back Insurance policy status. The premium amount will be assessed from the date of commencement of risk or date of revival of the policy.

FAQs

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Investment Plan
Insurers Offering Guaranteed Return Plans

Aditya Birla Sun Life

Bajaj Allianz

Max Life

HDFC Life

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

SBI Life

Aviva

Bandhan Life

Canara HSBC

IDBI Federal

IndiaFirst

Pramerica Life

Reliance Life

Sahara Life

Shriram Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Investment Plan 3

Investment plans articles

Recent Articles
Popular Articles
Tips for Single Mothers to Financially Secure Their Future

17 Jul 2024

Being a single mother comes with unique challenges, especially
Read more
Market Linked Investment

17 Jul 2024

Market Linked Investments in India are a mix of traditional
Read more
Money Management Tips

04 Jul 2024

Effective money management is important for achieving financial
Read more
ICICI Prudential Capital Guarantee Solution

27 Jun 2024

ICICI Prudential Capital Guarantee Solution is a specifically
Read more
Difference Between Savings and Investment Plans

17 Jun 2024

Savings and investment plans are important financial tools with
Read more
20 Best Investment Options in India in 2024
  • 04 Apr 2014
  • 1844097
Investing in the best investment options in India helps to maximize your returns and fulfill your immediate and
Read more
Best NRE Savings Accounts for NRIs in 2024
  • 28 Jan 2022
  • 27590
India is a growing economy and is getting a lot of global recognition these days. It has shown immense growth in
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2024
  • 13 Feb 2020
  • 74029
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
Short Term Investments Options
  • 10 Feb 2014
  • 474382
Short-term investments are financial assets that can be easily converted to cash within a short period, ranging
Read more
How to Change Mobile Number in Post Office Account Online?
  • 20 Nov 2021
  • 17742
Indian Post Payment Bank (IPPB) is the banking division of the Department of Post (Ministry of Communications)
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL