Bandhan Life iTerm Insurance Plan

Bandhan Life Insurance Company Limited (formerly Bandhan Religare Life Insurance Company Limited) launched its operations in India in July 2008. It is one of the leading providers of financial services and offers comprehensive term insurance plans to its customers. Bandhan Life has a CSR (claim settlement ratio) of 99.37% in the financial year 2022-23, and is known for settling claims quickly and very efficiently. Let’s understand more about the Bandhan Life Term Insurance Plans, the key features, riders, etc. to meet people’s specific needs and life goals.

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Bandhan Life iTerm Insurance Plan

Bandhan Life Insurance Company Limited (formerly Bandhan Religare Life Insurance Company Limited) launched its operations in India in July 2008. It is one of the leading providers of financial services and offers comprehensive term insurance plans to its customers. Bandhan Life has a CSR (claim settlement ratio) of 99.37% in the financial year 2022-23, and is known for settling claims quickly and very efficiently. Let’s understand more about the Bandhan Life Term Insurance Plans, the key features, riders, etc. to meet people’s specific needs and life goals.

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Why Should You Buy Bandhan Life Term Insurance Plan?

Bandhan Life Insurance provides a range of term insurance plans that are designed to provide financial security 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. Let’s understand the reasons why buying Bandhan Life Term Insurance Plans can be beneficial for you.

A very affordable Term plan with 24 hr claims settlement process
Cover upto 50 Lacs for housewives avaliable
Uqiue benefit for smokers availabe- It pays to quit smoking
Medical tests done at home
36 Critcal illness covered upto age 80
Covers death due to any pandemic such as COVID-19
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Bandhan Life Term Plans

Bandhan Life Insurance offers various term insurance plans that are designed to suit the multiple needs of customers. Let us take a brief look at all the Bandhan term plans available in India:

Critical Illnesses Covered Under Bandhan Term Insurance

The Bandhan term critical illness rider offers comprehensive coverage against 36 life-threatening illnesses/diseases. The payout received from this rider is received in the form of lump sum benefit or waiver of premium and can help you pay off any treatment costs and hospital bills that may arise due to the diagnosis of the illness. Here is a list of all the critical illnesses covered under Bandhan term plans.

What Riders Are Available In Bandhan Life Term Plan?

Bandhan term plans offer many important term insurance riders that you can include with your base term insurance plan to enhance the coverage. These riders can be added at an additional cost that is payable along with the base premiums to receive comprehensive coverage against the uncertainties of life. Here are all the riders you can buy with Bandhan term insurance plans:

Following is a list of riders that includes different riders offered by Bandhan Life Insurance:

How Much Term Cover Do I Need?

To calculate the right life cover/sum assured that will cover the financial needs of your family in your absence, you should use a Human Life Value Calculator.  

The HLV calculator estimates the life cover amount that you are eligible to buy depending on your annual income, age and life situations. As per insurance experts, the right life cover for your term insurance plan should be at least 15 to 20 times your annual income at the time of the policy purchase.

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Choose the Right Sum Assured Option

It is important to choose your ideal sum assured for the term plan you wish to buy so that it ensures your family’s financial security in your absence. Here are some of the sum assured options you can choose to secure your loved ones.

HDFC Life1 Crore
Term Insurance
HDFC Life2 Crore
Term Insurance
HDFC Life5 Crore
Term Insurance
HDFC Life75 Lac
Term Insurance
HDFC Life70 Lac
Term Insurance
HDFC Life50 Lac
Term Insurance

Term Insurance Premium Calculator

Our term life insurance calculator in india can help you calculate the following:

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Types of term plans

Policybazaar offers the following types of term insurance plans to fit the different needs of Individuals from all walks of life.

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