Bandhan Life - Term Insurance Premium Payments

Note: Know more about what is term insurance first before reading this article.

Bandhan Term Insurance Payment Options 

When it comes to term insurance, it is very important to pay your premiums regularly. It helps you in a continuous process of receiving benefits, thus protecting the family’s future. Bandhan Life has simplified the life of customers by introducing various online platforms to pay premiums on time. This is quite convenient as you can make payments anywhere anytime as per your requirements. There are different online ways with which you can make payments. Let’s discuss Bandhan Term Insurance payments mode: 

• Internet Banking: Bandhan life insurance allows you to pay premiums using the internet banking of your respective bank where you hold an account. The payments using this digital mode are secure, and can de be done quickly in a couple of minutes. 

• Credit Card/Debit card – Life assured can also make payments using a credit/debit card. Visit the official websites of Bandhan life and then go to the tab premium payment. Fill in all the required information related to your policy such as the policy number and date of birth. 

• NEFT – You can use also use electronic fund transfer platforms such as NEFT or e-CMS to make online premium payments. To make this type of payment successful, select NEFT or e-CMS as your beneficiary in your net banking account. 

• Mobile payments – These days, mobile wallets are so common such as JioMoney, Paytm. These digital modes are also available to make online premium payments. 

Apart from all these, other premium payment options are also available 

• AutoPay - NACH – National Automated Clearing House is a web-based payment platform that debts your premium amounts from the bank account provided by you on your due date of premium. 

• CCSI – Credit Card Standing Instructions is also a web-based automated digital payment platform that deducts the payment from your credit card account provided by you on your due date of premium. 

• Visit Bandhan Branches – You can visit the Bandhan life branch and pay your premium amount using different modes such as via cheque or pay in amounts. You can also pay by calling customer care with your registered mobile number. The customer care staff will direct you to the payment link where you can make payments using your credit/debit card. 

Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.

What are the important points to keep in mind before purchasing Bandhan Life Term Insurance Plan?

Before purchase a term insurance plan from Bandhan's life insurance company, one should always be aware of his/her financial requirements and future goals. The plan should offer you financial support during critical times. Here’s a quick laydown of the points to keep in consideration: 

• Age is also a consideration when thinking to buy a life insurance plan. Based on age, choose a policy that suits your requirements and future objectives. 

• Life insurance coverage is another important parameter to be kept in mind when selecting a policy. Choose the coverage that provides you financial protection and stability to your family when you were not there with them. 

• The number of family members you want to cover in a policy. The more the family members, the higher the life cover. 

• Consider lifestyle and smoking habits before selecting an insurance plan. Smokers’ premiums are comparatively higher than the non-smoker's premium amount. 

• Always consider your annual income before buying any policy to ensure that the premium does not hinder your other financial responsibilities. 

How to Buy Bandhan Life Insurance Policy Online? 

Follow the below-mentioned steps to buy an Bandhan Life Insurance policy online with an easy and hassle-free experience: 

• Visit the official website of Bandhan Life Insurance 

• Using the navigation bar choose a right life insurance plan 

• Then, fill in all the required details such as date of birth, name, gender, annual income, coverage amount, mobile number, email ID, and your smoking habits. 

• After submitting all the personal information, click on the option ‘get quotes’ to know what your premium could be in the future if you buy this plan online. 

• The customer care staff will reach out to you via call for the verification of all the details you have submitted in the company’s portal. 

• All the plan details will be shared with you via email after the verification. 

• If you are satisfied with all the terms and conditions of the policy then click on the link sent by the customer care team and pay premium online. 

How to pay Bandhan Term Insurance premium online? 

Bandhan Term Insurance Payments are quite easy and convenient. Let’s discuss the steps: 

Step 1- Visit the premium payment page of Bandhan Life insurance 

Step 2- Select the online option to pay a premium 

Step 3- After clicking on the online option, a drop-down menu will be displayed for choosing your payment method such as internet banking, credit/debit card, mobile wallets, etc. 

Step 4- Once the payment method is selected, you will be directed to a page where you are required to fill in certain details such as policy number, date of birth. Then click on ‘Submit’.

Step 5- Proceed for the payment to complete the process. 

Wrapping It Up! 

Bandhan Life term insurance plans offer a variety of online methods to pay premiums. You can make Bandhan Term Insurance payments using a credit/debit card, mobile wallets, NEFT, and also by visiting the Bandhan Life branch. Before buying any insurance policy, one should always consider the features and term insurance benefits and the buying process. The buying process of Bandhan life is quick, smooth, and hassle-free with which you can make payments at a go in a couple of minutes.

Note: Check all the best term insurance plan in India.