Bandhan Life Rising Star Insurance Plan

Fulfilling a child’s dreams and aspirations is a pleasurable parental duty and making the right investment decisions plays a vital role. Bandhan Life Rising Star Insurance Plan is aptly suited to support your children’s dreams and provide for important milestones and ensure a secure future in the face of all eventualities. c is a Unit-Linked Non-Participating Life Insurance Plan.

Read more
kapil-sharma
  • 4.8~ Rated
  • 9.7 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 4.9 Crore Policies Sold

ULIP 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# on Maturity
+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
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 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.

It primarily agrees with individuals with the appropriate risk appetite to invest in Equities for handsome returns but is wary of dealing in the market directly. The key attractive features of the plan are to provide financial security for the child’s education, wealth creation for future needs while at the same time protecting invested funds. Additionally, the policyholder’s life is covered till the child is 25 years old. 

Rising Star Insurance Plan Details:

Parameters

Details

Policy Tenure

25 years less age of the child in completed years at entry

Premium Paying Term 

Equal to the policy term

Premium Paying Mode

Yearly, Half-yearly, or Monthly

Entry Age 

The Parent or Life Assured: 
Minimum: 18 years
Maximum: 48 years
Child or Nominee:
Minimum: 
1 day if parental age <= 40 years
5 years if parental age is 40-45 years
10 years if parental age 45 -48 years
Maximum:
15 years

Maturity Age 

Maximum: 65 years

Grace Period 

15 days for monthly mode of payment and 30 days for other modes of payment from the premium due date

Sum Assured 

Base Policy Minimum:
Age < 45 years: Higher of, 10 X Regular Annualized Premium or (0.5 x Policy Term x Annualized Premium)
Age >= 45 years: Higher of, 7 X Regular Annualized Premium or  (0.25 x Policy Term x Annualized Premium)
Base Policy Maximum:
Age < 45 years: 18 X Regular Annualized Premium
Age >= 45 years: 10 X Regular Annualized Premium

Liquidity

Partial Withdrawals after 5 years of the policy. 

Benefits of Bandhan Life Rising Star Insurance Plan

Rising Star Insurance Plan by Bandhan Life comes in handy with a whole set of core benefits. Some of the core benefits of Bandhan Life Rising Star Insurance Plan are as follows:

  1. Death Benefit

    In the event of the unfortunate death of the policyholder during the policy term and the Bandhan Life Rising Star Insurance Policy status is active, the nominee benefits by the following:

    • Sum Assured paid immediately
    • All future regular premiums are waived
    • Income Benefit for an amount equal to Annualized Premium is paid to the nominee every year till the end of the policy term
    • Base Fund value is paid to the beneficiary at the end of the policy term
  2. Maturity Benefit

    If the Life Assured survives the policy term, the Fund Value, including Top-Up if any, is paid. 

  3. Top-Up

    It is an additional premium paid at the policyholder’s convenience at any time during the policy term except for the final five years. The accepted minimum amount is Rs. 5,000.

  4. Tax Benefit

    As per existing tax laws, Premium paid and benefits received in a financial year are exempt under Sections 80C and 10(10D) of the Income Tax Act, 1961. 

    *Tax benefit is subject to changes in tax laws

The Premium for Bandhan Life Rising Star Insurance Plan

As already mentioned earlier, the Bandhan Life Rising Star Insurance Plan premium frequency is Yearly, Half-yearly, and Monthly. 

Minimum Annualized Premium:

  • Annual Mode: Rs. 20,000 per annum
  • Other Modes: Rs. 30,000 per annum

*Standard T&C Apply

Additional Riders for Bandhan Life Rising Star Insurance Plan

No Riders are on offer under the Bandhan Life Rising Star Insurance Policy.

Eligibility for Bandhan Life Rising Star Insurance Plan

Entry Age

Life Assured: 18- 48 years
Child Nominee:
Minimum: 
1 day if parental age <= 40 years
5 years if 40 < parental age <= 45 years
10 years if 45 < parental age <= 48 years
Maximum: 15 years

Maturity Age

Maximum: 65 years

What are the Documents required to Buy this Policy?

Bandhan Life Rising Star Insurance Plan Reviews reveal that the documents required by buying the plan are Officially Valid Documents only. Accordingly, copies of the following need to be furnished.

  • Proposal Form
  • Identity Proof
  • Age Proof – Both parent and child
  • Address Proof
  • Income Proof
  • Bank Account Details
  • Recent Photographs

How to Buy this Plan Online?

The purchase option for an online Bandhan Life Rising Star Insurance Plan is not available at the insurer portal. Thus, buy Bandhan Life Rising Star Insurance Plan the traditional way in simple steps detailed below.

Step I: Decide the amount to invest as Premium and the Sum assured. 

Step II: The Life Advisor of the Insurer will help fill up the Proposal Form. 

Step III: Draw a cheque in favor of the Insurer.

Step IV: Once applied, the Insurer makes a verification call and approves the issuance of the Policy Document. 

Exclusions of Bandhan Life Rising Star Insurance Plan

The suicide exclusion clause deals with death due to suicide within 12 months of the commencement of risk or revival. The nominee receives only Fund Value obtained on the date of intimation, minus the applicable charges if any.

FAQ's

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
Insurers Offering ULIPs

Tata AIA

Aditya Birla Sun Life

Bajaj Allianz

Max Life

HDFC Life

ICICI Prudential

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

SBI Life

Aviva

Canara HSBC

IDBI Federal

IndiaFirst

Pramerica Life

Reliance Life

Sahara Life

Shriram Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
ulipInsurer_3
Average Rating
(Based on 1224 Reviews)
Ulip Insurer4
Ulip Insurer1

Ulip plans articles

Recent Articles
Popular Articles
Aditya Birla Salaried Suraksha ULIP Plan

05 Dec 2024

The ABSLI Salaried Suraksha ULIP is a unit-linked
Read more
Bajaj Allianz Life Assured Wealth Goal - Platinum Plan

05 Dec 2024

The Bajaj Allianz Life Assured Wealth Goal Plan is a life
Read more
14 ULIP Charges You Should Know About

14 Nov 2024

When investing in Unit-Linked Insurance Plans (ULIPs), it’s
Read more
Top-Up Premium in ULIP

11 Nov 2024

A top-up premium in a ULIP (Unit Linked Insurance Plan) allows
Read more
Sum Assured in ULIP

05 Nov 2024

Sum Assured in a Unit Linked Insurance Plan (ULIP) is the
Read more
ULIP Calculator
  • 08 Oct 2018
  • 134766
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
SBI Life Smart Privilege Plan: Benefits & Features
  • 11 Jan 2017
  • 121369
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
Tata AIA ULIP Plan Calculator
  • 07 Feb 2023
  • 10129
A Tata AIA ULIP Plan Calculator is a premium and returns calculation tool that helps easily and quickly compare
Read more
14 ULIP Charges You Should Know About
  • 14 Nov 2024
  • 1681
When investing in Unit-Linked Insurance Plans (ULIPs), it’s important to understand the various charges
Read more
8 Things to Know About the Tax Benefits of ULIPs
  • 06 Oct 2021
  • 21699
ULIPs have become a popular choice for tax-saving investments in India. They offer dual benefits: life insurance
Read more

Bandhan Life ULIP Plans Reviews & Ratings

4.6 / 5 (Based on 1224 Reviews)
(Showing Newest 10 reviews)
Sushil
Guwahati, January 27, 2025
Transparent Information
I appreciate how Policybazaar presents transparent information about fees NAVs and fund objectives. It made decisionmaking much easier.
Manish
Ranchi, January 26, 2025
Easy Investment Process
Investing in NFOs through Policybazaar has been incredibly convenient. The process is straightforward and I was able to choose my preferred NFOs without any hassle.
Priyanka
Bhubaneswar, January 24, 2025
Trustworthy Option
Axis Max Life Sustainable Wealth fifty Index Fund is a trustworthy investment and Policybazaars platform makes investing easy and accessible for everyone.
Amit
Mumbai, January 18, 2025
Flexibility
Investing through Policybazaar allows for flexible investment options. Whether its SIP or lump sum I can choose what fits my financial goals.
Neha
Visakhapatnam, January 18, 2025
Easy KYC Process
The KYC verification was simple and fast which made my investment journey smooth.
Prashant
Udyapur, January 16, 2025
Good
I gifted life traditional plan to my wife. The policy coverage is 95% and the claims are Rs.41 L. Services provided by the executives is really very good and online facility also there which have easy interface. My wife is happy with this policy, so m i. Good Job.
Karan
Kota, January 16, 2025
Nice
I have the best policy plan from pnb metlife life insurance. The benefits are many with low premiums. Policy coverage is 91%. Claims approx. Rs.39 L with easy procedure to get it. Good future investment. I'm happy with it.
Harish
Mysore, January 16, 2025
Normal Plan
I Bought pnb metlife life insurance and took traditional insurance policy plan. The policy is average and the coverage is 70%. The claims are normal but the premiums are low. The service is okay which provided by the staff members. Good future investment and tax cutter also. Satisfied.
Gaurav
Hoshiarpur, January 16, 2025
Fair Policy
Buy traditional plans from pnb metlife life insurance. The policy coverage is around 85%. Services provided by executives is awesome. Claims are good and done without any interruption. Overall fine life insurance which have low premiums. Nice future investment and it saves taxes also.
Abhinav
Kolkata, January 16, 2025
Average
I have traditional plan from pnb metlife life insurance. Policy coverage is 83% and the claims are Rs.37 L. Service is good and quick provided by the executives and staff members. But please improve your online services. Good future investment which saves taxes too. Nice work.
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