Bandhan Life introduces Secure ‘N’ Grow: A combo insurance solution with guaranteed returns, life cover, and market-linked growth

• Automatic allocation of premiums across guaranteed and market-linked components
• Capital guarantee with market linked growth opportunity
• Enhanced benefits for women customers

Bandhan Life Insurance, the life insurance arm of Bandhan Group, has introduced Bandhan Life Secure ‘N’ Grow, a smart insurance solution that offers capital guarantee through guaranteed benefits, life insurance protection and market-linked growth opportunities in a combined offering. Bandhan Life Secure ‘N’ Grow combines the strengths of two existing offerings—Bandhan Life iGuarantee Vishwas, a Non-Linked Non-Participating Life Insurance Individual Savings Plan that provides assured benefits and guaranteed maturity returns, and Bandhan Life iInvest II, a Unit-linked insurance plan (ULIP) offering market-linked growth through professionally managed funds. Premiums are automatically allocated between the two products, creating a balanced approach for protection and growth. Customers also benefit from life insurance coverage throughout the policy term. Women customers receive enhanced benefits through higher payouts under this capital guarantee solution.

“As financial awareness grows, customers are increasingly looking for solutions that offer both stability and growth. They value the certainty that guaranteed benefits provide, but they also recognise the role of market-linked opportunities in building long-term wealth. Bandhan Life Secure ‘N’ Grow reflects this evolution. By combining guaranteed benefits, life insurance protection and market-linked growth opportunities within a combined offering, it enables customers to pursue their financial goals without having to choose between security and growth. The solution reflects our customer-first approach to innovation and our commitment to helping families build a more secure financial future,” said Satishwar B., MD and CEO, Bandhan Life Insurance.

Women customers receive enhanced benefits through higher payouts under this capital guarantee solution.

In addition, premiums paid may qualify for tax deductions under Section 80C of the Income Tax Act, 1961, and maturity proceeds may be exempt under Section 10(10D), subject to applicable provisions and conditions under tax laws.

At a time when financial priorities are becoming more dynamic and family structures more diverse, Bandhan Life Secure ‘N’ Grow solution is designed for customers who prefer a balanced approach, including first-time market participants, long-term savers, retirees looking for legacy creation and individuals looking to optimise tax benefits.

Bandhan Life Secure ‘N’ Grow is available through Bandhan Bank branches pan India and other distribution partners.

Bandhan Life Secure ‘N’ Grow solution offers a combination of benefits of two individual and separate products named Bandhan Life iGuarantee Vishwas, a Non-linked Non-Participating Life Insurance Individual Savings Plan (UIN: 138N096V04) and Bandhan Life iInvest II, a Unit-Linked Non-Participating Individual Life Insurance Savings Plan (UIN: 138L089V01). The guaranteed benefits are available under Bandhan Life iGuarantee Vishwas and are applicable if all the premiums are paid. These products are also available for sale individually without the combination offered or suggested.