Bandhan Life offers a variety of UnitLinked Insurance Plans (ULIPs) to cater to different needs and risk appetites. These plans combine insurance coverage with investment opportunities, allowing you to build wealth while securing your family's future.
Returns as on 14-09-2026. The returns are the returns of best-performing fund in the plan
Disclaimer : ˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s
insurer partners offering life insurance investment 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.inRead MoreRead Less
Key Features of Bandhan Life ULIP Plans
Multiple Fund Options:
A wide range of investment funds helps policyholders choose according to their risk appetite and market conditions.
Return of Mortality Charges:
Certain ULIP plans offer a return of mortality charges at policy maturity.
Loyalty Additions:
Policyholders may receive loyalty rewards or additional units for staying invested for the long term.
Balanced Investment Approach:
The option to invest in both equity and debt funds helps in managing investment risk effectively.
Investment Flexibility:
Investors can switch between different funds and adjust their portfolio based on financial goals.
Settlement of Outstanding Dues:
Any pending dues can be settled at the time of policy maturity, as per policy terms.
Top-Up Investment Facility:
Additional investments through top-up premiums can help build a larger corpus over time.
Why Invest in India's Growth Story?
The insurance sector continues to witness excessive growth with channelised finances, mutual awareness and long term saving initiatives. The growth in technology and financial security has created more investment scope. This increase is shown among various industrial variants.
As insurance participation continues to strengthen, market-linked solutions have increasingly become part of long-term financial planning strategies. Bandhan Life ULIP Plans align with this evolving investment approach through diversified fund options, flexible premium structures and long-term market-linked wealth accumulation opportunities.
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How Much Historical Returns are Provided by the Plans?
Investment Scenario
Monthly Investment:
₹25,000
Investment Duration:
15 years
Exit Timeline:
After 20 years
Product Category:
Market-Linked ULIP
Scenario 1:
Returns @ 4%
Bandhan Life ULIP Plan
Estimated Maturity Value
Assumed Return Rate
Bandhan Life iInvest Ultima
₹66.8 L
4%
Bandhan Life ULIP Plus
₹65.9 L
4%
Bandhan Life iInvest Advantage
₹63.7 L
4%
Bandhan Life iInvest II
₹62.8 L
4%
Scenario 2:
Returns @ 8%
Bandhan Life ULIP Plan
Estimated Maturity Value
Assumed Return Rate
Bandhan Life iInvest Ultima
₹1.08 Cr
8%
Bandhan Life ULIP Plus
₹1.05 Cr
8%
Bandhan Life iInvest Advantage
₹1.01 Cr
8%
Bandhan Life iInvest II
₹98.6 L
8%
Note:Actual fund value may vary depending on market performance, investment duration, policy charges, mortality deductions, loyalty additions, and charge recovery benefits applicable under different Bandhan Life ULIP variants.
Benefits of Bandhan Life ULIP Plans
Long-Term Market-Linked Wealth Creation:
Let’s look at the major benefits linked with Bandhan Life ULIP plans.
Long-Term Market-Linked Wealth Creation:
Exposure to diversified investment funds creates opportunities for capital appreciation over extended horizons.
Life Insurance with Investment Growth:
Financial protection for dependents continues alongside investment-linked fund accumulation.
Enhanced Long-Term Fund Value:
Loyalty additions and return-of-charge structures strengthen overall corpus growth in selected variants.
Flexibility Across Investment Preferences:
Multiple investment strategies and fund allocation choices support evolving financial priorities.
Liquidity During Policy Tenure:
Partial withdrawal and structured payout facilities support recurring income and planned financial requirements.
Women-Centric Charge Benefits:
Selected variants include reduced allocation charges for eligible women policyholders.
Tax-Efficient Financial Planning:
Eligible premiums and policy proceeds may qualify for tax-related advantages under prevailing tax regulations, subject to applicable conditions.
List of Bandhan Life ULIP Plans
Bandhan Life ULIP plans include market-linked insurance variants centred around wealth accumulation, long-term financial protection, portfolio flexibility, and goal-based investing. The table below compares the major eligibility conditions, premium structure, and policy tenure across prominent Bandhan Life ULIP plans.
Compare all Bandhan Life ULIP Plans and choose the best ULIP plan that suits you. Various types of ULIP plans are:
Bandhan Life iInvest Advantage
Bandhan Life iInvest Advantage is a Unit-Linked Non-Participating Individual Life Insurance Savings Plan structured around long-term market-linked wealth accumulation with integrated life insurance protection.
Key Features of Bandhan Life iInvest Advantage
Return of Mortality Charges at Maturity:
Mortality charges deducted during the policy term are credited back at maturity.
Loyalty Additions from 15th Policy Year:
Additional loyalty units strengthen long-term fund accumulation.
Choice of Investment Strategies:
Self-Managed and Lifestyle Portfolio strategies align with varying investment preferences.
Wide Fund Selection:
Investment allocation spans multiple segregated market-linked fund options.
Unlimited Fund Switching Flexibility:
Switching between available funds remains available during the policy term.
Settlement Option:
Maturity proceeds can be received through instalment payouts for up to five years.
Top-Up Premium Facility:
Additional investments can be added during the policy tenure.
Tax Benefits:
Policy benefits remain eligible for tax treatment under prevailing tax regulations.
Bandhan Life iInvest Ultima
Bandhan Life iInvest Ultima is a Unit-Linked Non-Participating Individual Life Insurance Savings Plan centred around market-linked wealth accumulation with charge return benefits and long-term financial protection.
Key Features of Bandhan Life iInvest Ultima
Return of Mortality Charges During Policy Term:
Mortality charges begin returning from the 15th policy year onwards.
Return of Allocation Charges:
2.5 times the applicable allocation charges are credited back at the end of the 15th policy year.
Loyalty Additions from 10th Policy Year:
Loyalty units strengthen long-term corpus accumulation during policy continuation.
Special Discount for Women Customers:
Reduced allocation charges apply for eligible women policyholders.
Multiple Investment Strategies:
Self-managed and portfolio-based investment approaches align with varying risk appetites.
Wide Fund Selection:
Investment allocation includes multiple segregated market-linked fund options.
Settlement Option:
Maturity proceeds can be received through a systematic payout structure for up to five years.
Top-Up Premium Facility:
Additional investments remain available during the policy term.
Tax Benefits:
Policy benefits remain eligible under prevailing tax laws.
Bandhan Life ULIP Plus
Bandhan Life ULIP Plus is a Unit-Linked Non-Participating Individual Life Insurance Savings Plan focused on long-term wealth creation with recurring charge return benefits and portfolio management flexibility.
Key Features of Bandhan Life ULIP Plus
Return of Allocation Charges:
Allocation charges are credited back at the end of the 10th policy year.
Return of Mortality Charges up to 3X:
Mortality charge benefits begin from the 11th policy year onwards depending on policy duration.
Loyalty Additions from 7th Policy Year:
Additional loyalty units strengthen long-term wealth accumulation.
Five Investment Strategies:
Multiple portfolio allocation strategies align with varying investment objectives.
Secondary Income Planning through Partial Withdrawals:
Structured withdrawal options support recurring income needs.
Special Discount for Women Customers:
Reduced allocation charges apply for eligible women policyholders.
Long-Term Policy Duration:
Policy term combinations extend up to 40 years.
Settlement Option:
Maturity proceeds can be received through systematic payout structure.
Tax Benefits:
Policy benefits remain eligible under prevailing tax regulations.
Bandhan Life iInvest II
Bandhan Life iInvest II is a Unit-Linked Non-Participating Individual Life Insurance Savings Plan. Its Self-Managed and Lifestyle Portfolio strategies align with varying investment preferences.
Key Features of Bandhan Life iInvest II
Return of Mortality Charges at Maturity:
Mortality charges deducted during the policy term are credited back at maturity.
Return of Allocation Charges:
Applicable allocation charges are credited back at the end of the 10th policy year.
Loyalty Additions from 15th Policy Year:
Additional loyalty units strengthen long-term fund accumulation.
Wide Fund Selection:
Investment allocation spans multiple segregated market-linked fund categories.
Unlimited Fund Switching Flexibility:
Switching between available investment funds remains unrestricted.
Settlement Option:
Maturity proceeds can be received through instalment payout structure for up to five years.
Tax Benefits:
Policy benefits remain eligible under prevailing tax regulations.
Why Buy Bandhan Life ULIP Plans from Policybazaar?
Over 9 lakh customers have invested ₹12,400 Cr through Policybazaar
No hidden charges. All costs and returns are clearly disclosed
Certified advisors provide unbiased guidance based on your needs
IRDAI-regulated, ensuring advice is in the customer’s interest
You can choose how death benefits are paid: sum assured, higher of sum assured and policy value, or customised options.
What are the modes of payment available for premiums under Bandhan Life ULIP plans?
There are six modes of payment as offered by Bandhan Life Insurance:
Credit Card
Internet banking
Pay via phone app
ECS
EBPP
Pay at Bandhan Life branches
There is also an option of paying via cash or cheque personally in any of the branch offices in your city. IVR method of payment is possible where one needs to keep in hand the credit card information along with date of birth.
What is the company’s process to settle claim for Bandhan Life ULIP plan?
We offer elicit three step processes for claim settlement which includes the following:
Claim intimation and registration.
Payment of fund value
Settlement Payout
E settlement facility via NEFT mode option is also available with us.
What is the policy cancellation process for Bandhan Life ULIP plan?
In case you are not satisfied with an existing policy, you can fill out the surrender form along with the policy documents and submit it to any of the branch offices, along with the cancellation charges. The policy cancellation takes 30 days to process and the refund will be submitted to your bank account.
For new policyholders, a grace period of about 15 days is given, wherein you have the option of cancelling the policy and receiving back the premium.
In either case the Unit price is calculated as per the current market value of NAV if the documents are submitted before 3:00 PM, else the next day’s NAV value is applied to calculate the refund.
"The policy i have is Bandhan Life traditional plan which is very good and the premiums are low with high in policy coverage 88%. The claiming part is very easy because the service is very fast with good response from the staff members. Nice future investment with tax savings. Satisfactory."
PS
Priyanka
Noida, January 16, 2025
Just bought a flexi money back from Bandhan
"Heard a lot of good things about Bandhan religare company, and just bought a money back plan after comparing some 10-12 flexi money back plans at policybazaar.. The plan is very good and I feel good to go with it especially when I am a mother of two. I thank policybazaar for their seamless customer care services.
"
UP
Umakant
Laxmipur, January 16, 2025
Awesome Plan
"My Bandhan Life traditional plan is good in services. The policy coverage is good ~89% and the premiums are low. Claiming process is easy due to fast service provided by the executives and the staff members. The payback amount is ~Rs.31 L. Good future investment which save taxes too."
DS
Devesh
Ambala, January 16, 2025
Fantastic plan
"Bandhan religare life insurance is one of the best insurance company. I take traditional insurance policy plan which provide me best services. The premiums are low and the policy coverage is 87% with high claims. The behaviour is good from executives and staff members. Nice future investment with tax saving."
OC
Omesh
Howrah, January 16, 2025
Perfect
"My traditional policy plan is with Bandhan religare life insurance. The policy is great with maximum benefits. The policy coverage is high ~82%. The investment is low approx. Rs.16 K quarterly per year. The claims are good and easily cleared without waiting. Payback amount is nice ~rs.35 L.
"
HJ
Harsh
Haridwar, January 16, 2025
superb plan
"Policy has all benefits and the investments are also low. Around Rs.32 L is payback amount. Bandhan religare life insurance provide me traditional plan which has good facilities and the service is very quick. The up gradation details in policy is mailed to me time to time. The behaviour and service provided by the executive and staff members is good."
RS
Raja
Delhi, January 16, 2025
Good plan from Bandhan religare traditional plan
"I have just bought a Bandhan religare plan from Policybazaar for my family. I have taken this just to cover my family in case my fate gets busted, however, I hope good for my future.
"
RC
Rohit
Thane, January 16, 2025
Traditional Policy
"My investment insurance policy is very cool and the service is also fantastic. Policy updates and renewals are easy to do with online portal and everybody can access it easily. Policy coverage and claims are high."
BP
Bhupendra
Kolkata, January 16, 2025
Wonderful
"I have the best traditional plan from Bandhan religare life insurance. The benefits are many with low premiums. Policy coverage is 88%. Claims approx. Rs.30 L with easy procedure to get it. Good future investment which save taxes. Good behaviour of executives and staff members."
MS
Mankaran
Bikaner, January 16, 2025
Investment plan
"The traditional plan of mine is very good and Bandhan Life insurance provided the best services in low investments. The policy coverage is high and the claims are even better. The online portal is easy to access and it makes renewals and updates of the policy."
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#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. 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.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment 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
