Download the Policybazaar app
to manage all your insurance needs.
Bandhan Life iReturn Insurance Plan
Bandhan Life iReturn Insurance Plan is a pure term insurance plan with return of premium benefits. This term insurance plan not only aims at making life financially more secure for the family of the policyholder but also provides the advantage of earning back the premiums if the policyholder outlives the policy term.
51 Partners Insurance Partners
10.5 Crore Registered Consumer
5.3 Crore Policies Sold
We are rated ++
₹1 Crore Life cover starting from ₹478/month+
Lowest Price Guarantee ˜
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
-
Home
-
Term Insurance
- Bandhan Life iReturn Insurance Plan
Key Features of Bandhan Life iReturn Insurance Plan
- Inbuilt Terminal Illness Benefit
- Single Premium Payment, Limited Premium & Regular Premium Payment
- Premium Return Benefits
- Different Policy Terms
- Rider Options
Benefits of Bandhan Life iReturn Insurance Plan
- Death Benefits: In case of death of the insured, the sum assured is paid with reduced terminal illness benefits to the beneficiary.
- Maturity Benefits: In case the insured survives throughout the plan term, she/he is entitled to receive all premiums back as the maturity benefit.
- Rider Benefits: In case the insured is diagnosed with a terminal illness, 25% of his/her sum assured is paid back and the future premiums are waived off.
- Tax Benefits: All the premiums paid and claims received under this term insurance plan are eligible for tax deductions Under Section 80C and 10(10D) of the Income Tax Act.
Product Specification of Bandhan Life iReturn Insurance Plan
| Product Name | Entry Age | Maturity Age | Policy Term | Sum Assured | Premium Paying Term | Premium Paying Frequency |
| Bandhan Life iReturn Plan | 18- 65 years | Up to 75 years | 5 - 20 years | 30 lakhs- 4 crore | Regular/5 years/Single | Monthly/Half Yearly/Annual |
Policy Details of Bandhan Life iReturn Insurance Plan
Grace period: A grace period of 30 days is allowed to the policyholder in case he is not able to make the premium payments on time.
Policy termination or Surrender Benefit:
- In case of single premium payment option, the surrender value gets enabled on the completion of the first policy year.
- In the case of limited premium payment option, the surrender value gets enabled on the completion of the second policy year.
- In the case of regular premium payment option, the surrender value gets enabled on the completion of the third policy year.
Free look period: If the policyholder feels that the plan features and benefits are not satisfactory, he/she is free to cancel the plan within 30 days since the inception of the plan, given no claims have been filed yet.
Additional Rider Covers:
Bandhan Life iReturn plan allows the policyholder to customize their plan with rider covers as per his/her requirements. Below are the Rider Covers available under this plan:
- Bandhan Life Accidental Death Benefit Rider: Accidents can have a serious impact on life, ranging from permanent disability to death. Accidental death rider cover guarantees financial security to your family in case of your unforeseen accidental death.
- Bandhan Life Critical Illness Rider: There are 4 critical illnesses identified by Bandhan Life. Those diseases can drain the policyholder of a large sum of money. Hence, Bandhan Life offers Critical Illness rider in order to provide financial assistance to the policyholder in case he/she is ever diagnosed with those diseases.
- Bandhan Life Waiver of Premium Rider on Critical Illnesses: Bandhan Life understands how difficult it is for the policyholder to continue with the policy once he/she is diagnosed with a critical illness. Hence, the rider offers a distinct benefit under which all future premiums are waived off in case the insured is diagnose with any of the critical illnesses recognized by Bandhan Life. But the policy continues till maturity.
- Bandhan Life Women Critical Illness Rider: On being diagnosed with any of the critical illnesses listed as special illness conditions for women, this rider provides the insured with a percentage of the basic sum assured. Special illness conditions listed under this category includes Female Organ Cancer, Birth of Child with Congenital Disorder, Surgeries, and Complications in Pregnancy.
Exclusions
Suicide:
- In a case of suicide committed by the insured within the first 12 months of the plan inception, 80% of the premium paid is payable to the beneficiary.
- In case of suicide committed by the insured within the first 12 months of the plan renewal, higher of 80% of the premiums paid so far or the surrender value is payable to the beneficiary.
Documents Required
Below are the documents, which are required to get insured by Bandhan Life iReturn Plan:
- Duly filled Application form/Proposal form
- Address Proof
- Age Proof
- Other KYC documents; PAN Card, Adhaar Card, Tax Details etc
- Medical History
**Documents required are subject to the plan option and the sum assured chosen.
| You may also like to read: Bandhan Life Term Insurance |
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.
FAQs
-
Q. Can I attach riders to my base plan anytime I want?
Ans: Yes, the insured has the flexibility to attach riders to his base plan anytime he/she wants. All the insured has to do is to send Bandhan Life a documented notice stating that he/she wants to attach a rider to his/her base plan and make the additional premium payment as required. -
Q. What if I want to detach riders from my base plan?
Ans: The insured can detach riders from his base plan anytime he/she wants. He/she has to send a documented notice to Bandhan Life about the rider he wishes to detach. Discontinuance of rider premium will be applicable from the upcoming premium payment due date. -
Q. What if I want to discontinue my iReturn plan?
Ans: The insured is provided with a free look period of 30 days from the policy inception date. During this period, the insured gets the option to cancel his/her plan if he/she is not satisfied with the term and conditions. On cancellation within this period, the insured gets back the premiums he/she had already paid. However, stamp and administration charges, pro rata adjustment of life cover and medical expenses (if any) are deducted before returning the premium amount. -
Q. What if I miss the payment of my premium within my grace period?
Ans: If the insured fails to pay his/her premium even within the 30 days’ grace period provided under the plan, then the policy cover terminates automatically. However, the policy can be revived again by paying the due premiums so far along with the interest applicable to it.
Explore the popular searches and stay informed
- 1 Crore Term Insurance
- Best Term Insurance Plan
- Term Insurance for Women
- Term Insurance for NRI
- Term Insurance
- Term Insurance Calculator
- Life Insurance
- Term Insurance with Return of Premium
- Whole Life Insurance
- Term Insurance vs Life Insurance
- What is Term Insurance
- Life Insurance Calculator
- 5 Crore Term Insurance
- 2 Crore Term Insurance
- 50 Lakh Term Insurance
- Term Insurance for Housewife
- Benefits of Term Insurance
- Term Insurance Terminology
- Medical Tests for Term Insurance
- Term Insurance for Self Employed
- Claim Settlement Ratio
- 10 Crore Term Insurance
- Term Insurance for Smokers
- 1.5 Crore Term Insurance
- Zero Cost Term Insurance
- FIRE Calculator
- LIC
- Investment Plan
- Annuity Plan
- Child Plan
- Pension Plan
- ULIP Plan
- Child Investment Plan
- SIP
- SIP Calculator
- SBI SIP
- ULIP Calculator
- Sukanya Samriddhi Yojana
- Best SIP Plans
- Retirement Planning
- SBI SIP Calculator
- HDFC SIP Calculator
- Sukanya Samriddhi Yojana Interest Rate
- NPS Interest Rate
- Deferred Annuity Plans
- SBI Annuity Deposit Scheme Calculator
- Immediate Annuity Plans
- Post Office Child Plan
- Prime Minister Schemes For Boy Child
- Government Schemes for Girl Child
- 50k Pension Per Month
- Atal Pension Yojana Calculator
- Best Pension Plan in India
˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.
+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.
Women
+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.
Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.
1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
© Copyright 2008-2025 policybazaar.com. All Rights Reserved
˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.
Term Insurance Calculators
Term Insurers
Term Insurance Articles
- Recent Article
- Popular Articles
13 Oct 2025
A Detailed Guide on How to Manage Expenses
When talking about money management, expenses play a key role
Read more
13 Oct 2025
What is the Difference Between Saving and...
Saving means putting money aside in secure, easily accessible
Read more
09 Oct 2025
What Is Home Loan Insurance and What Are Its...
Home loan insurance, also known as a Home Loan Protection Plan
Read more
09 Oct 2025
Understanding Credit And Debt: Key Differences
Credit is the financial trust that allows you to access goods or
Read more
08 Oct 2025
Time Value of Money Explained: How to Calculate...
The Time Value of Money (TVM) is one of the most important
Read more
Get Call Back Now
Claude
Insurance
Calculators
Payment Methods
Secured With
Follow us on
