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Bandhan Life iTerm Elite (UIN: 138N095V01). A Non-Linked, Non-Participating, Individual Pure Risk Life Insurance Plan. Life insurance cover is available under this product. Life cover is the benefit payable on the death of the life assured during the policy term. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Insurance issuance is subject to the Board Approved Underwriting Policy.
[1] The per day instalment premium of ₹24 has been calculated for a non-smoking self-employed healthy female, aged 20 years, and for a sum assured of ₹1 crore, for insurance coverage up to 70 years of age, for a policy term and Premium Paying term of 50 years. The premium value 10% discount. The monthly premium for these parameters will be ₹720 for the first year.
Bandhan Life iInvest Advantage (UIN - 138L090V01) is a unit-linked non-participating individual life insurance savings plan. Life insurance cover is available under this product. IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR. Unit-linked life insurance products are different from the traditional insurance products and are subject to risk factors.
Premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets, and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions.
The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
Bandhan Life Insurance Limited is only the name of the Life Insurance Company Bandhan Life iInvest Advantage (UIN - 138L090V01) is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by us. Life Insurance cover is available in this plan.
For more details on risk factors, Terms and Conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Issuance is subject to board-approved underwriting policy.
Buying a Life Insurance Policy is a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than all the premium paid.
Various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
Past performance is not indicative of future performance.
Bandhan Life iTerm Comfort (UIN: 138N082V01) is a Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Life insurance cover is available under this product.
[^] Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
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[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[”] For policies with policy term of 15 years and above, loyalty units will be added at the end 15th policy year and every 5th policy year thereafter till maturity, provided all due premiums have been received.
[‘] At the end of policy term, total mortality charges including the extra mortality charges and excluding the applicable taxes would be added to the Total fund value provided all due premiums have been received.
Flexi Cap Fund (SFIN Number ULIF01828/05/24FLEXICAP0138) is not a standalone product and is available for sale with Bandhan Life Unit Linked Insurance Plans Only.
For Bandhan Life iTerm Prime:
Bandhan Life iTerm Prime (UIN: 138N084V02). A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan. Life insurance cover is available under this product. Life cover is benefit payable on the death of the life assured during the policy term. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Insurance issuance is subject to board approved underwriting policy.
[1] The monthly installment premium of ₹886 has been calculated for a salaried, healthy male non-smoker, aged 20 years, for a sum assured of ₹1 crore, with insurance coverage up to 70 years of age, and a policy term and premium paying term of 50 years. The premium amount is exclusive of taxes and a 5% discount. This also includes the optional Bandhan Life AD Rider (UIN: 138B006V05), which offers an additional ₹25 lakh sum assured (over and above the base sum assured of ₹1 crore), at ₹98 per month for rider premium (included in the ₹886 premium amount). The annualized premium for these parameters will be ₹10,188 (exclusive of taxes and a 5% discount) for the first year.
[`] Bandhan Life iTerm Prime offers add-on optional coverages through the choice of the below mentioned riders provided their Premium Payment Term and Policy Term are consistent with that of the base plan: Bandhan Life AD Rider (UIN: 138B006V05 and all succeeding versions) – Provides a Lump-sum benefit equal to the rider Sum Assured in case of death due to accident of the Life Assured. Please refer the sales brochure of the respective riders to understand the benefits and terms & conditions before concluding the sale.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[&]On availing Special Exit Value (SEV), total of premiums paid, along with underwriting extra premiums paid, plus loadings for modal premiums (if any) will be paid back to the insured, and the policy will terminate. Here, total premium paid is the total of all the premiums received, excluding any extra premium, any rider premium, and taxes. SEV is applicable only to base cover premium, and not to any additional optional riders. SEV is available for policies where age of insured at inception of the policy is up to 40 years (as of last birthday), and the policy matures at the age of 70 years (as of last birthday) and can be availed during the period of one year once they attain age of 55 years (as on last birthday). For more details on SEV and risk factors, please read the sales brochure carefully before concluding a sale.
[2] The monthly instalment premium of ₹719 has been calculated for a self-employed healthy female non-smoker, aged 18 years, and for a sum assured of ₹1 crore, for insurance coverage up to 70 years of age, for a policy term and Premium Paying term of 52 years. The premium value is including of taxes and 5% discount. The annualized premium for these parameters will be ₹7,782 p.a. for first year.
[+] 5% discount will be applicable only on first year premium for online customers. Additional 5% discount will also be applicable only on first year premium for Self-Employed or other Non-Salaried Customers.
[@] The annualized premium has been calculated for a salaried healthy male, non-smoker for policy term of 70 years and premium paying term of 45, 35 and 25 years.
[***] All ages applicable as per last birthday.
For Bandhan Life iTerm Comfort:
Bandhan Life iTerm Comfort (UIN: 138N082V01) is a Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Life insurance cover is available under this product.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[#] Zero Documentation: Zero Documentation is Subject to board approved underwriting policy.
[##] Video Medicals: In case of any observations during Video Medicals, physical medicals will be required and premiums rates may vary. Home visits are subject to availability in your location.
[~] Free Look Cancellation: If you are not satisfied with any of the terms and conditions of the policy, you may request the company for cancellation of the policy within 30 days from the date of receipt of the policy document via physical and/or e-mail, whichever is earlier. Upon such cancellation, we will refund 100% refund of the total instalment premiums received including any extra premiums and taxes towards the policy. The policy will terminate on payment of this amount.
[&] Special Exit Value: SEV is available for policies where age of insured at inception of the policy is up to 40 years (as of last birthday), and the policy matures at the age of 70 years (as of last birthday), and can be availed at Age 55 only. On availing Special Exit Value (SEV), total of premiums paid, along with underwriting extra premiums paid, plus loadings for modal premiums (if any) will be paid back to the insured, and the policy will terminate. Here, total premium paid is the total of all the premiums received, excluding any extra premium, any rider premium, and taxes. SEV is applicable only to base cover premium, and not to any additional optional riders.
[***] All ages applicable as per last birthday.
[^] Claim Settlement Ratio: Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
[`] Rider Benefits: Bandhan Life iTerm Comfort offers add-on optional coverages through the choice of the below mentioned riders provided their Premium Payment Term and Policy Term are consistent with that of the base plan:1)Bandhan Life AD Rider (UIN: 138B006V05 and all succeeding versions) – Provides a Lump-sum benefit equal to the rider Sum Assured in case of death due to accident of the Life Assured.
Please refer the sales brochure of the respective riders to understand the benefits and terms & conditions before concluding the sale.
For Bandhan Life Saral Jeevan Bima:
Bandhan Life Saral Jeevan Bima (UIN: 138N077V01), is a non-linked non-participating individual pure risk premium life insurance plan.For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Life insurance cover is available under this product.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[@] The premium for an 18 year-old healthy female for a life cover of ₹ 5 lacs for a policy term of 20 years, is ₹ 163 p.m. assuming that all premiums (excluding applicable taxes, cesses and levies and rider premiums, if any) have been paid as and when due. The annualized premium for above parameters will be Rs. 1,874 p.a.
[***] All ages above are applicable as on last birthday.
[^] Claim Settlement Ratio: Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
[`] Rider Benefits: Bandhan Life Saral Jeevan Bima offers add-on optional coverages through the choice of the below mentioned rider provided their Premium Payment Term and Policy Term are consistent with that of the base plan: 1) Bandhan Life AD Rider (UIN: 138B006V05 and all succeeding versions) – Provides a Lump-sum benefit equal to the rider Sum Assured in case of death due to accident of the Life Assured.
For Bandhan Life iIncome Wealth:
Bandhan Life iIncome Wealth (UIN:138N119V01) is a Non-linked Participating Life Insurance Individual Savings Plan. Life insurance cover is available under this product. For more details on risk factors, terms and conditions, please read the sales brochure and benefits illustrations carefully before concluding a sale. Issuance is subject to board-approved underwriting policy.
[1] Income is only payable under Early and Deferred Income options. Income will be payable in the form of Guaranteed Income and Cash Bonus (if declared). Cash bonus rates, if any, will be declared at end of valuation period (currently end of financial year) and will be paid out to eligible policyholders during the next year as per the date chosen by the policyholder at policy inception.
[2] Income will be paid from the first policy month if Early Income option is selected with 0 deferment period and monthly income frequency.
[3] If Secure Policy Benefit is selected, on death of the Life Assured during the policy term, income and maturity benefits payable as on date of death will continue intact. Future premiums, if any, will be waived.
[4] You can choose to accumulate income during the policy term. You can also switch between accumulating income (if any) and receiving regular payouts during the policy term. You can withdraw from the accumulated income pool partly/ fully at any time during the policy term. Applicable only for Early Income and Deferred Income options. For more details, please refer the sales brochure before concluding the sale.
[5] Premium Offset feature will be available provided first three full year’s premiums have been paid. Applicable only for Early Income option.
[6] This is applicable for Early and Deferred Income options if annual income frequency has been chosen.
[7] The modal factors applicable are as below and are calculated on Annualized Premium
Half-Yearly Premium = Annualized Premium multiplied by 0.512
Quarterly premium = Annualized Premium multiplied by 0.259
Monthly Premium = Annualized Premium multiplied by 0.087
[8] Income (when income is paid in arrears) for different frequencies shall be calculated as following:
Annual | 100% of annual income |
Half-yearly | 98% of annual income/2 |
Quarterly | 97% of annual income/4 |
Monthly | 96% of annual income/12 |
Income (when income is paid in advance) for different frequencies shall be calculated as following:
Annual | 92.0% of annual income |
Half-yearly | 93.0% of annual income/2 |
Quarterly | 94.25% of annual income/4 |
Monthly | 94.5% of annual income/12 |
[9] On choosing ‘Advance’ income timing, the income shall be paid at the start of the chosen income frequency. If ‘Arrears’ income timing has been chosen, income shall be paid at the end of the chosen income frequency.
[#] Premiums mentioned above are exclusive of taxes.
[^^] All ages mentioned are applicable as on last birthday.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[^] Claim Settlement Ratio: Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
For Bandhan Life Guaranteed Income Plan:
Bandhan Life Guaranteed Income Plan (UIN:138N118V01) is a Non-linked Non-Participating Life Insurance Individual Savings Plan. Life insurance cover is available under this product. For more details on risk factors, terms and conditions, please read the sales brochure and benefits illustrations carefully before concluding a sale. Issuance is subject to Board Approved Underwriting Policy.
[^^]All ages are as of last birthday
[1] The modal factors applicable are as below and are calculated on Annualized Premium
Half-Yearly Premium = Annualized Premium multiplied by 0.512
Quarterly premium = Annualized Premium multiplied by 0.259
Monthly Premium = Annualized Premium multiplied by 0.087
[2] Secured Income/Guaranteed Income (when income is paid in arrears) for different frequencies shall be calculated as following:
Annual: 100% of annual Secured Income/Guaranteed Income Payouts
Half-Yearly: 98% of annual (Secured Income/Guaranteed Income Payouts)/2
Quarterly: 97% of annual (Secured Income/Guaranteed Income Payouts)/4
Monthly: 96% of annual (Secured Income/Guaranteed Income Payouts)/12
[*] Premium Offset feature will be available provided first three full year’s premiums have been paid.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[^] Claim Settlement Ratio: Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures
[#] Premiums mentioned here are exclusive of taxes.
[&] Under Flexi Start option, if you choose Return of Premium benefit, 100% of Total Premiums paid along with 10% of Additional Loyalty payout shall be paid. If you opt for Extended Benefit option, you will get back 100% of Total Premiums Paid. For more details, please refer the sales brochure before concluding the sale.
[3] Accumulate Income to Build Wealth: You can choose to accumulate Secured Income during the policy term. You can also switch between accumulating Secured Income payouts (if any) and receiving regular payouts during the policy term. For more details, please refer the sales brochure before concluding the sale.
[4] Under Flexi Start, life cover is provided during the policy term. Life cover is not available during the income period. Under the Extended Benefit option, life cover is provided throughout the policy term.
[5] Income shall be paid from the end of 1st policy year.
For Bandhan Life Shubh Samriddhi:
Bandhan Life Shubh Samriddhi (UIN:138N097V01) is a Non-linked Participating Life Insurance Individual Savings Plan. Life insurance cover is available under this product. For more details on risk factors, terms and conditions, please read the sales brochure and benefits illustrations carefully before concluding a sale. Issuance is subject to board-approved underwriting policy.
[^^] Cash bonus rates, if any, will be declared at end of valuation period (currently end of financial year) and will be paid out to eligible policyholders during the next year as per the date chosen by the policyholder at policy inception.
[1] The modal factors applicable are as below and are calculated on Annualized Premium
Half-Yearly Premium = Annualized Premium multiplied by 0.512
Quarterly premium = Annualized Premium multiplied by 0.259
Monthly Premium = Annualized Premium multiplied by 0.087
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[***] All ages mentioned are applicable as on last birthday.
[‘] Annualized Premium means the Policy Premium amount payable in a year chosen by the Policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums if any as specified in the Policy Schedule.
[#] Premiums mentioned above are exclusive of taxes.
[^] Claim Settlement Ratio: Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2023-24 is 99.03% as per annual audited figures.
[<] Customers can choose a policy term of 20 years to 40 years subject to maturity age not breaching 95 years; or they can opt for policy term till age 100.
For Bandhan Life iGaurantee Vishwas:
Bandhan Life iGuarantee Vishwas. (UIN:138N096V03) is a Non-linked Non-Participating Life Insurance Individual Savings Plan. Life insurance cover is available under this product. For more details on risk factors, terms and conditions, please read the sales brochure and benefits illustrations carefully before concluding a sale. Issuance is subject to board-approved underwriting policy. Guaranteed benefits are available only if all premiums are paid as per the premium paying term and the policy is in-force till the completion of entire policy term opted.
[!] The return has been calculated on annualized premium for a 25 years old, healthy male, for an annualized premium of INR 1,20,000 for a policy term of 20 years and premium paying term of 7 years, provided that all premiums (excluding applicable taxes, cesses and levies) have been paid as and when due and the policy is in force till maturity.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[$] Guaranteed benefits are available only if all premiums are paid as per the premium paying term and the policy is in-force till the completion of entire policy term opted. For more information on guaranteed returns & guaranteed addition, please refer to the product brochure.
[***] All ages mentioned are applicable as on last birthday.
[‘] Annualized Premium means the Policy Premium amount payable in a year chosen by the Policyholder, excluding the taxes, rider premiums, and underwriting extra premiums.
[#] Premiums mentioned above are exclusive of taxes.
[^] Claim Settlement Ratio: Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
This is a Point Of Sale product and it will not have any medical examination.
For Bandhan Life iGuarantee Max Savings:
Bandhan Life iGuarantee Max Savings (UIN: 138N083V03) is a Non-linked Non-Participating Life Insurance Individual Savings Plan. Life insurance cover is available under this product. For more details on risk factors, terms and conditions, please read the sales brochure and benefits illustrations carefully before concluding a sale. Issuance is subject to board-approved underwriting policy. Guaranteed benefits are available only if all premiums are paid as per the premium paying term and the policy is in-force till the completion of entire policy term opted.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[**] The premium for a 35-year-old healthy salaried male for a life cover of ₹ 63,217 for a policy term of 7 years, and premium paying term of 7 years is ₹ 500 p.m. assuming that all premiums (excluding applicable taxes, cesses and levies and rider premiums, if any) have been paid as and when due. The annualized premium for above parameters will be Rs. 5747 p.a.
[$] Guaranteed benefits are available only if all premiums are paid as per the premium paying term and the policy is in-force till the completion of entire policy term opted.
[“] 10% of Annualized Premium accrues to the Policy on the Date of Maturity and is payable only to those policies where all due premiums have been paid and the policy is in force.
[***] All ages applicable as per last birthday. Maximum entry age for Regular Pay is 45 years and for Limited Pay is 50 years.
[***] Maximum maturity age- POS Channel- 65 years. Other channel- 70 years (Limited Pay) & 65 years (Regular Pay)
[^] Claim Settlement Ratio: Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
For Bandhan Life iInvest Advantage:
Bandhan Life iInvest Advantage (UIN - 138L090V01) is a unit-linked non-participating individual life insurance savings plan. Life insurance cover is available under this product. IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR. Unit-linked life insurance products are different from the traditional insurance products and are subject to risk factors.
Premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets, and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please make your own independent decision after consulting your financial or other professional advisor. The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds
Bandhan Life Insurance Limited is only the name of the Life Insurance Company and Bandhan Life iInvest Advantage UIN - 138L090V01 is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by us.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
The past performance of the funds is not indicative of the future performance.
Life Insurance cover is available in this plan. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Insurance issuance is subject to board-approved underwriting policy.
Buying a Life Insurance Policy is a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than all the premium paid.
[”] For policies with policy term of 15 years and above, loyalty units will be added at the end 15th policy year and every 5th policy year thereafter till maturity, provided all due premiums have been received.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[‘] At the end of policy term, total mortality charges including the extra mortality charges and excluding the applicable taxes would be added to the Total fund value provided all due premiums have been received.
[***] All ages mentioned are applicable as on last birthday.
[^] Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
[*`] The assumed rates of return (4% p.a. and 8% p.a.) shown in the illustrative example are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your Policy depends on a number of factors including future investment performance.
[*] T&C Apply
For Bandhan Life ULIP Plus:
Bandhan Life ULIP Plus (UIN - 138L091V01) is a unit-linked non-participating individual life insurance savings plan. Life insurance cover is available under this product. IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR. Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors.
Premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets, and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please make your own independent decision after consulting your financial or other professional advisor. The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
Bandhan Life Insurance Limited is only the name of the Life Insurance Company and Bandhan Life ULIP Plus (UIN - 138L091V01) is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by us.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
The past performance of the funds is not indicative of the future performance.
Life Insurance cover is available in this plan. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Issuance is subject to board-approved underwriting policy.
Buying a Life Insurance Policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than all the premium paid.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[^] Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
[*] All ages mentioned are applicable as on last birthday.
[@] For female lives, a discount of 0.5% on premium allocation charge will be appliacble on base premiums for the first five years.
[#] Premiums mentioned above are exclusive of taxes
[*] T&C Apply
For Bandhan Life iInvest II:
Bandhan Life iInvest II (UIN - 138L089V01) is a unit-linked non-participating individual life insurance savings plan. Life insurance cover is available under this product.. IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR. Unit-linked life insurance products are different from the traditional insurance products and are subject to risk factors.
[!] Premiums paid in unit-linked life insurance policies are subject to investment risks associated with capital markets, and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please make your own independent decision after consulting your financial or other professional advisor. The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds
Bandhan Life Insurance Limited is only the name of the Life Insurance Company and Bandhan Life iInvest II Plan UIN - 138L091V01 is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by us.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
The past performance of the funds is not indicative of the future performance.
Life Insurance cover is available in this plan. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Issuance is subject to board-approved underwriting policy.
Buying a Life Insurance Policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than all the premium paid.
[%] Premium Paid, Maturity Benefit, Death Benefit and Surrender Value are eligible for tax benefits subject to the conditions under Sections 80C (under OLD Regime of The Income Tax Act, 1961 only), 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor and take independent tax advice for eligibility and before claiming any benefit under the policy.
[^] Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
[***] All ages mentioned are applicable as on last birthday.
[‘] At the end of policy term, total mortality charges including the extra mortality charges and excluding the applicable taxes would be added to the Total fund value provided all due premiums have been received.
[#] For policies with policy term of 15 years and above, loyalty units will be added at the end of 15th policy year and every 5th policy year thereafter till maturity, provided all due premiums have been received.
For more details, please read the policy document.
[*] T&C Apply.
Pradhan Mantri Jeevan Jyoti Bima Yojana:
Bandhan Life Pradhan Mantri Jeevan Jyoti Yojana. UIN (138G093V01). A Non-linked, Non-participating Renewable Pure Risk Premium Group Life Insurance Product. Life insurance cover is available in this plan.
[*] Applicable Tax and/ or any other statutory levy/ duty/ surcharge will be applicable on your premiums, as notified by the Central and/ or State Government from time to time as per the provisions of the prevalent tax laws. The premium may be modified on any annual renewal date or any other date as amended by the Government of India under the Pradhan Mantri Jeevan Jyoti Bima Yojana
[^] Minimum ages are applicable as on last birthday and maximum ages are applicable as on nearest birthday
[!]Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
For Bandhan Life Group Care Micro Insurance Plan:
Bandhan Life Group Care Micro Insurance Plan (UIN: 138N088V01) is a Non-Linked Non-Participating Group Pure Risk Premium Micro Life Insurance Plan. Life insurance cover is available in this plan.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
[^^^] Premium amounts mentioned above are exclusive of taxes. Premium range may vary based on frequency of premium payment and / or premium type selected. Premiums are subject to underwriting.
[***] All ages above applicable as on last birthday.
[ * ] T&C Apply.
For Bandhan Life Group iCredit Insurance Plan:
Bandhan Life Group iCredit Insurance Plan (UIN:138N087V01) is a non-linked, non-participating group pure risk premium credit life insurance plan.
For more details on risk factors and terms & conditions, please read the Sales Brochures carefully before concluding a sale.
[***] All ages above applicable as on last birthday.
[<] In case of minor lives, risk shall commence immediately on date of commencement of the policy. In case of minor lives, the policy will vest on the life of the Insured Member once they attain majority (complete 18 years age).
[^^] Coverage options to choose:
1. Life Cover
2. Life Cover plus Terminal Illness
3. Life Cover plus Terminal Illness plus Accidental Death
4. Life Cover plus Terminal Illness plus Accidental Total and Permanent Disability
5. Life Cover plus Terminal Illness plus Accidental Death plus Accidental Total and Permanent Disability
6. Life Cover plus Terminal Illness plus Critical Illness.
7. Life Cover plus Terminal Illness plus Critical Illness plus Accidental Death
[ ` ] Accidental Death is an Additional benefit while Critical Illness, Terminal Illness and Accidental Total and Permanent Disability are Accelerated benefit.
[ * ] T&C Apply.
For Bandhan Life Group Credit Protection Insurance Plan:
Bandhan Life Group Credit Protection Insurance Plan (UIN: 138N079V01) is a non-linked, non-participating group pure risk premium credit life insurance plan.
For more details on risk factors and terms & conditions, please read the Sales Brochures carefully before concluding a sale.
[***] All ages above applicable as on last birthday.
[<] In case of minor lives, risk shall commence immediately on date of commencement of the policy. In case of minor lives, the policy will vest on the life of the Insured Member once they attain majority (complete 18 years age).
[^^] Coverage options to choose:
1. Life Cover
2. Life Cover plus Terminal Illness
3. Life Cover plus Terminal Illness plus Accidental Death
4. Life Cover plus Terminal Illness plus Accidental Total and Permanent Disability
5. Life Cover plus Terminal Illness plus Accidental Death plus Accidental Total and Permanent Disability
6. Life Cover plus Terminal Illness plus Critical Illness
7. Life Cover plus Terminal Illness plus Critical Illness plus Accidental Death
[`] Accidental Death is an Additional benefit while Critical Illness, Terminal Illness and Accidental Total and Permanent Disability are Accelerated benefit.
[ * ] T&C Apply.
For Bandhan Life Group Term Plus Insurance Plan:
Bandhan Life Group Term Plus Insurance Plan (UIN: 138N062V01), a non-linked non-participating one year renewable group term life insurance plan. Life insurance cover is available in this plan.
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
[***] All ages above applicable as on last birthday.
[>] Maximum limit is subject to underwriting
[%] All tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you and are applicable only if all due premiums are paid and the policy being in force on the date of maturity. Avail Tax Benefits under Section 80C and 10(10D). Tax benefits and tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above. The Company does not assume responsibility on tax implication mentioned anywhere in this page. It is recommended to obtain professional advice for applicability of tax benefits.
[*] T&C Apply.
For Bandhan Life iInvest Pension:
Bandhan Life iInvest Pension (UIN - 138L092V01) is a non-participating Linked Pension Individual Savings Plan. IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR. Unit Linked products are different from traditional insurance products and are subject to the risk factors
Premiums paid in unit-linked pension policies are subject to investment risks associated with capital markets, and NAVs of the units may go up or down, based on the performance of the fund and factors influencing the capital market and the insured is responsible for his/her decisions. Please make your own independent decision after consulting your financial or other professional advisor. The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds
Bandhan Life Insurance Limited is only the name of the Life Insurance Company and Bandhan Life iInvest Pension (UIN - 138L092V01) is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your insurance agent or intermediary or policy document issued by us.
The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
The past performance of the funds is not indicative of the future performance.
Life Insurance cover is available in this plan. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale. Issuance is subject to board-approved underwriting policy.
Buying a Life Insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than all the premium paid.
[^] Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.
[***] All ages mentioned are applicable as on last birthday.
[@] The partial withdrawal amount shall not exceed 25% of the fund value as on date of request. Withdrawal is subject to conditions as prescribed in the sales brochure.
[##] Premiums mentioned above are exclusive of taxes.
[#] Issuance is subject to board-approved underwriting policy.
[*] T&C Apply
For Bandhan Life Akhil Bharat Term Plan:
Bandhan Life Akhil Bharat Term Plan (UIN: 138N086V01) is a Non-Linked, Non-Participating Individual Pure Risk Premium Life Insurance Plan. For more details on risk factors and terms & conditions, please read the sales brochure carefully before concluding a sale. Life insurance cover is available under this product.
[@] The annualized premium of ₹2000 (₹5.48/ day, exclusive of taxes) has been calculated for a healthy, non-smoker male, aged 30 years, for a sum assured of ₹5 Lakhs, policy term of 10 Years, and premium payment term of 10 years.
[#] Zero Documentation is Subject to board approved underwriting policy.
[##] In case of any observations during Video Medicals, physical medicals will be required and premiums rates may vary. Home visits are subject to availability in your location.
This product is also available through POS Channel.
[***]All ages applicable as per last birthday
For Bandhan Life Insta Pension Insurance Plan:
Bandhan Life Insta Pension Insurance Plan (UIN:138N011V03), is a non-linked non-participating individual savings immediate annuity plan. Life insurance cover is available in this plan.
This website content only gives the salient features of the plan. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
[2] The Annuity Benefits depends upon the Annuity Option and mode of annuity payment chosen by the annuitant and annuity rates prevailing at the time of purchase of the annuity, will be paid to the annuitant(s).
[3] Annuity will be payable in arrears. The frequency of annuity payments can be monthly, half-yearly, quarterly or annually as chosen by the annuitant at the time of purchasing the annuity. The annuity amount chosen at policy inception is guaranteed for life.
[***] All ages above are applicable as on last birthday
[^^^] Premiums mentioned are exclusive of taxes
[ * ] T&C Apply.
For Bandhan Life Saral Pension:
Bandhan Life Saral Pension (UIN No. 138N078V01) is a non-linked non-participating individual single premium immediate annuity plan. Life insurance cover is available in this plan.
This website content only gives the salient features of the plan. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
[2] The Annuity Benefits depends upon the Annuity Option and mode of annuity payment chosen by the annuitant and annuity rates prevailing at the time of purchase of the annuity, will be paid to the annuitant(s).
[3] Annuity will be payable in arrears. The frequency of annuity payments can be monthly, half-yearly, quarterly or annually as chosen by the annuitant at the time of purchasing the annuity. The annuity amount chosen at policy inception is guaranteed for life.
[4] In the case of Joint Life annuities the payout continues till either of the lives chosen in the policy is alive.
[ *** ] All ages above applicable as on last birthday
[^^^] Purchase price is exclusive of taxes
[ * ] T&C Apply.
For Bandhan Life Rural Term Plan:
Bandhan Life Rural Term Insurance Plan (UIN:138N048V02) is a non-linked non-participating individual pure risk premium life insurance plan. Life insurance cover is available under this product. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.
[ *** ] All ages above applicable as on last birthday
[ ~ ] The policyholder may request policy cancellation within 30 days from the date of receipt of this Policy document whether received electronically or otherwise. The Company shall refund premiums paid, subject to deduction of the proportionate risk premium for the period on cover and the expense incurred by the Company for the medical examination of the proposer (if any), and stamp duty charges.
[ * ] T&C Apply.
[^] Subject to minimum sum assured of ₹10,000
[ ^^^ ] Premium mentioned above are exclusive of taxes
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