Bandhan Life iInvest Insurance Plan

With no premium allocation charges, flexible payment options, and multiple other benefits, this online insurance plan helps in achieving the future financial goals of the investors.

Here is all you need to know about the Bandhan Life iInvest Insurance plan.

Bandhan Life iInvest Insurance Plan Features

The following are the key features under the Bandhan Life iInvest Insurance Plan:

• Helps in achieving the financial goals

• Accumulates funds and allows withdrawals in case of any unforeseen situation

• Offers flexibility in switching between the premium payment options

• Offers tax benefits as per the Income Tax Laws

• Comes with a simple and hassle-free online purchasing process

• Ensures investments are made in the funds of the investors choice

• Maximizes profits and helps to accumulate a lump sum at the time of retirement

• Can invest in 2 forms of portfolio strategies

• Self-managed portfolio strategy

• Lifestyle portfolio strategy

Bandhan Life iInvest Insurance Plan Benefits

The following are the key benefits under the Bandhan Life iInvest Insurance Plan:

1. Death Benefits

   In case of death of the policyholder before the maturity date of the policy, only if the policy is still in force, the nominee of the life assured is eligible for the following death benefits:

   1. Base Death Benefit

      The base death benefit is the higher of:

      • Base sum assured, or

      • Base fund value

      Where base death benefit is the minimum of 105% of total premiums (regular) paid to date.

   2. Top-up Death Benefit

      The top-up death benefit is higher of any of the following:

      • Top-up fund value, or

      • Top-up sum assured

      Where top-up death benefit is a minimum of 105% of total premiums (regular) paid to date.

2. Maturity Benefit

   Under the maturity benefit in Bandhan Life iInvest Insurance Plan, the total fund value is paid at the time of maturity of the policy, only if the policy is still in force. Investors often ask which SIP is best for achieving long-term financial goals.

3. Loyalty Benefit

   The policyholder is eligible for loyalty units in the last 5 years if the policyholder pays their premium duly for the policy terms of 15 years, 20 years, or 25 years.

   Premium Payment Term	Loyalty Unit Addition %
   5 / 7 years	1.70%
   10 years / Equal to PT	1.80%

   The loyalty unit is calculated based on the average base fund value in the preceding 48 months.

4. Switch Benefit

   Switching between portfolios is allowed under the Bandhan Life iInvest Insurance Plan. The policyholder can switch from a Lifestyle portfolio to a Self-Managed portfolio anytime they wish to during the policy tenure, but in case of switching from a self-managed portfolio to a lifestyle portfolio, the switching is allowed only once a year.

5. Withdrawal Benefit

   Partial withdrawals can be made only after the completion of 5 years of the policy as per the policy documents. A maximum of 20% of the fund value amount can be withdrawn.

6. Tax Benefit

   The policyholder is eligible for tax benefit on the premium paid under Section 80C and 10(10D) of the Income Tax Act, 1961.

Eligibility Conditions and Other Restrictions

Bandhan Life iInvest Insurance Plan Investment Portfolio Strategy

1. Self-Managed Portfolio Strategy

   Fund Name	Risk Profile	Money Market Instruments	Equities	Fixed Interest Securities	Objective
   Blue Chip Equity Fund	High	0% to 20%	80% to 100%	0%	This fund offers Long-term capital appreciation. Investment is made in diversified portfolios.
   Accelerator Fund	High	0% to 20%	80% to 100%	0%	This fund offers diversity in the portfolio by investing in different equities across different sectors. Can invest in money market instruments and fixed interest assets up to 20%
   Stable Fund	Moderate	0% to 40%	20% to 80%	20% to 80%	This fund maintains the balance between debt and equity exposures and offers stable long-term returns.
   Secure Fund	Low	0% to 40%	0%	60% to 100%	This fund generates income with a high liquidity level while maintaining the capital. Invests in short-term fixed interest assets and money market instruments.
   Debt Fund	Moderate	0% to 40%	0%	60% to 100%	This fund generates high returns by investing in money market instruments, government debts, fixed income securities, and corporate debts.

   ”The investment risk in investment portfolio is borne by the policyholder”.

2. Lifestyle Portfolio Strategy

   Years to maturity	Allocation to various funds
   	Secure Fund	Debt Fund	Blue Chip Equity Fund
   25 years	0%	0%	100%
   24 years	0%	0%	100%
   23 years	0%	0%	100%
   22 years	0%	0%	100%
   21 years	0%	0%	100%
   20 years	0%	0%	100%
   19 years	0%	0%	100%
   18 years	0%	0%	100%
   17 years	0%	0%	100%
   16 years	0%	0%	100%
   15 years	0%	0%	100%
   14 years	0%	0%	100%
   13 years	0%	0%	100%
   12 years	0%	0%	100%
   11 years	0%	0%	100%
   10 years	0%	10%	90%
   9 years	0%	20%	80%
   8 years	0%	30%	70%
   7 years	0%	40%	60%
   6 years	0%	50%	50%
   5 years	0%	60%	40%
   4 years	0%	70%	30%
   3 years	10%	70%	20%
   2 years	20%	60%	10%
   1 year	40%	60%	0%

   ”The investment risk in investment portfolio is borne by the policyholder”.

Documents Required for Bandhan Life iInvest Insurance Plan

The following documents are required for purchasing the insurance plan:

• Passport size photographs

• Identity proof

• Address proof

• Age proof

• Income proof

• Bank account details

Bandhan Life iInvest Insurance Plan is an easy, simple, hassle-free online insurance plan that is affordable and offers maximum return benefits. So, even if the policyholder is a first-time investor or a market expert, Bandhan Life iInvest Insurance Plan has something beneficial for all.