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.

• Rider Benefits for Enhanced Protection: You can enhance your cover with add-on riders such as accidental death benefit, critical illness cover, or waiver of premium for stronger comprehensive protection.

• 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.

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

Features Of Bandhan Term Insurance Plans

Here are the key features of Bandhan Life Term Insurance plans:

• Flexible Premium Payment Modes: Bandhan term insurance plans allow you to pay premiums monthly, quarterly, half-yearly, or annually, making the plan easier to align with your cash flow.

• Customisable Policy Tenure: You can choose the policy term based on your financial responsibilities, whether it is loan protection, child education planning, or coverage till retirement.

• Limited Pay Option: Some Bandhan term plans let you complete premium payments in a shorter duration while continuing coverage for the full policy term.

• Online Purchase Convenience: The plan can be purchased online with a simple digital journey, reducing paperwork and making policy issuance faster.

• Special Pricing for Women: Eligible women policyholders may get lower premium rates for the same level of coverage.

• Digital Discount Availability: Some plans may offer a first-year digital purchase discount when bought online through eligible channels.

What are the Various Bandhan Life Term Insurance Plans?

Here are the Bandhan term insurance plans offered by the company:

Bandhan Life iTerm Elite

Bandhan Life iTerm Elite is a comprehensive term insurance that offers life cover along with premium payment options, exclusive benefits for women, health management services, and more.

• Get financial cover for the policyholder’s family and also allows cover for homemakers under the same plan.

• The plan offers gifts to mothers for up to 2 childbirths or adoptions.

• Receive health management services discounts up to 17% on 1st year premiums.

• The plan offers special exit benefits, lower premiums for women and cover continuance benefits.

• Enhance the base cover of the policy with enhanced accidental death rider benefits.

Bandhan iTerm Prime

Bandhan iTerm Prime is a term insurance plan that offers financial security to your loved ones in the event of your untimely demise during the policy term. The plan pays a lump sum death benefit to your nominees, which helps them take care of their financial needs in your absence.

• You can get a comprehensive cover and special exit benefit with this plan.

• Enhance the base cover with additional riders like accidental death benefits. 

• Pay premiums in preferred premium payment terms, like regular or limited pay.

• You can add the term insurance riders, like accidental death benefits.

• You can receive tax benefits as per the prevailing tax laws under sections 80C and 10(10D) of the Income Tax Act, 1961.

Bandhan iTerm Return of Premium

Bandhan iTerm Return of Premium provides the option of receiving all the premiums paid at the maturity of the policy in case the policyholder outlives the policy term. If not, the policy will pay the death benefit applicable on the death of the policyholder. 

• Receive all the premiums paid back on survival of the policy term.

• Get covered for up to 85 years and receive peace of mind knowing they are financially secure.

• The plan offers lower premiums for female customers.

• Receive up to 7% discount for all customers on first year premiums.

• Choose the most flexible premium payment option based on your life stage and budget.

Bandhan iTerm Comfort

The Bandhan iTerm Comfort offers the option of adding accidental death benefit rider, comprehensive financial protection, and special exit benefits.

• The plan offers life cover with add-on benefits as additional riders under the same plan.

• You can receive all the premiums back with the special exit benefits at the age of 55 years.

• The plan allows you to cancel hassle-free and receive 100% refund within 30 days of policy purchase.

• You can opt for video or physical medical tests that allow you to buy the policy in an easy and convenient way. 

• You can claim term insurance tax benefits as per the prevailing tax laws.

Bandhan Saral Jeevan Bima

Bandhan Saral Jeevan Bima is a pure risk, simple term insurance plan that offers financial benefits in the event of the policyholder’s untimely death during the policy term. 

• The plan offers life insurance cover which pays the selected death benefit to the family in the absence of the policyholder.

• You get the option of adding the Accidental Death rider to the base plan for enhanced financial security.

• You can choose to pay the premiums in monthly, half-yearly, or yearly modes as per your convenience.

• Claim term insurance tax benefits as per the prevailing tax laws under sections 80C and 10(10D) of the Income Tax Act, 1961.

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 2026?

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 Bandhan 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.