Bandhan Life Premier Endowment Insurance Plan

Introduction/Overview
Bandhan Life Premier Endowment Insurance Plan is a traditional
Endowment Assurance Plan which facilitates savings while at the same time providing life insurance benefits.

Read more
kapil-sharma
  • 4.8++ Rated
  • 10.5 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 5.3 Crore Policies Sold

Investment Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80C^
  • Zero LTCG Tax
  • In built life cover
Top performing plans˜ with High Returns**
Invest ₹10K/Month & Get ₹1 Crore# Tax-Free*
+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
10.5 Crore
Registered Consumer
51
Insurance Partners
5.3 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Key Features

  • It is a participating plan with Single pay, regular pay and limited pay premium payment option
  • Guaranteed Additions are added during the Premium Paying Term (known as PPT)

Benefits

  • Guaranteed Additions @ 5% of the SA are added during the PPT
  • On death of the policyholder, Sum Assured on death + accrued Guaranteed Additions + vested Bonuses are paid to the policyholder subject to a minimum of 105% of all premiums paid
  • SA on death for limited and regular pay plans is higher of 10 times the annual premium paid or SA chosen. In case of Single Pay plans, higher of 1.25 times the premium or SA if age is less than 45 years or higher of 1.10 times the premium or SA if age is greater than equal to 45 years is paid
  • On Maturity, 100% of the SA + accrued Guaranteed Additions + Accrued vested bonuses + Terminal Bonus, if any is paid
  • Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.
 

Product Specification:

 

Minimum

Maximum

Entry Age (Last Birthday)

18 years

55 years

Maturity Age (Last Birthday)

-

60 years

Policy Term (PT) in years

10

Premium Paying Term (PPT) in years

8

Premium Paying Frequency

Annual, half-yearly, monthly

Premium

Regular & Limited Pay - 20,000

Single Pay – 100,000

300,000

Sum Assured

10 * Annual Premium

 

Details About Premium

Annual premium in Rupees and Benefit Illustration for a male aged 35 years

Term

15 years

PPT

10 years

Premium

50,000

SA

303,232

Accrued Guaranteed Additions

151,616

Maturity Benefit @ 4%

605,099

Maturity Benefit @ 8%

776,426

Explore More Under Bandhan Life Investment Plans

Policy Details

Grace Period: 15 days’ grace period is allowed for premium payment in monthly mode and 30 days in other modes. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: the policy acquires a Surrender Value if 2 / 3 full year’s premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

GSV = (GSV% * total premiums paid) + (GSV % * Accrued bonuses + accrued Guaranteed Additions)

Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Inclusions

Loan is available under the plan after 3 full years’ premiums have been paid subject to a minimum of Rs.5000 and maximum of 60% of the Surrender Value

Exclusions

In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

˜Top 5 plans based on annualized premium, for bookings made 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
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^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.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Ulip Insurer2
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1286 Reviews)

Investment plans articles

Recent Articles
Popular Articles
Marriage Investment Plans

23 Jun 2025

A Wedding Day is a once-in-a-lifetime event, and it must only be
Read more
Punjab Government Schemes

28 May 2025

Punjab, the land of five rivers, is known for its vibrant
Read more
Short Term Investment Plans for 1 Month

19 May 2025

When you need to park your money safely for just a month
Read more
Short Term Investment Plan for 6 Months

19 May 2025

For investors seeking the best investment plan for 6 months, the
Read more
Short Term Investment Plans for 3 Months

19 May 2025

Short-term investment plans for 3 months are financial
Read more
Best Investment Options in India in 2025
  • 04 Apr 2014
  • 1970462
In India, there are many safe and reliable options to grow your money with minimal risk. Whether you are new to
Read more
Post Office Senior Citizen Savings Scheme (SCSS) 2025
  • 13 Feb 2020
  • 156868
The Post Office Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed specifically for
Read more
Investment Options for Senior Citizens
  • 06 Nov 2024
  • 25466
As we age, managing finances becomes increasingly important. Senior citizens often seek safe and stable
Read more
Government Schemes to Invest in India in the Year 2025
  • 23 Dec 2021
  • 31280
Government schemes offer secure returns, tax benefits, and long-term growth. In 2025, top schemes like PPF, SSY
Read more
Best Saving Plans in India 2025
  • 30 Jan 2019
  • 203472
Saving money is an important step towards achieving financial independence and security. Whether you're looking
Read more

Bandhan Life Premier Endowment Insurance Plan Reviews & Ratings

4.6 / 5 (Based on 1286 Reviews)
(Showing Newest 10 reviews)
Divya
Ranchi, June 22, 2025
Kotak E Invest plus Policybazaar equal Win
Best combo. Policybazaars help made it stress free.
Harsha
Guwahati, June 21, 2025
Promise for Growth Plus Is Understated
It quietly delivers what it promises. Good pick.
Meera
Vellore, June 20, 2025
Click to Invest Makes Investing Fun
Simple UI digital first and a great entry level product.
Nikhil
Shimla, June 19, 2025
Goal Assure IV Seems Tailored for Me
Plan gives control over fund choice and returns.
Aditi
Vijayawada, June 16, 2025
Policybazaar Helped Me Choose Confidently
Smart Fortune Plus was explained so well. Really appreciated the clarity.
Nidhi
Indore, June 11, 2025
Birla Wealth Smart Plus Has Solid Features
Low charges and good growth options. Very happy.
Siddharth
Kochi, May 10, 2025
Pramerica Smart Invest Was a Pleasant Surprise
Didnt expect it to be this flexible. Great choice.
Aisha
Kolkata, April 09, 2025
ICICI Signature Plan Was a Smart Decision
Liked the balance between life cover and returns
Raghav
Ahmedabad, April 08, 2025
LIC Index Plus is a No Brainer
Safe low risk and time tested. I didnt have to think twice.
Amit
Guwahati, March 26, 2025
Reliable and Safe Investment
Policybazaar is reliable for investment. HDFC Life Dynamic Advantage Fund performs well and is safe for long term.
top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore# Returns

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL