WE KNOW WHAT'S STOPPING YOU

Three questions every person asks before buying ₹1 Cr cover

And how iTerm Elite answers each one — directly.

What if the claim gets stuck and my family has nothing on day one?
 
That's exactly what Insta Claim~ solves. The moment your nominee registers the claim, an instant payout reaches their account within 1 working day. No waiting. No running around. They're not left with nothing while paperwork processes.
⚡ Insta Claim Assurance
What if I pay for 20 years and nothing happens to me?
 
Then you get your money back. With the Special Exit Value@, you can receive up to 100% of premiums paid@ back at a defined exit point. Protection that doesn't feel like a sunk cost.
💰 Special Exit Value
What if ₹1 Crore isn't enough 10 years from now?
 
Your cover grows with you. Adapt Assure5 lets you increase your sum assured by up to 100% — twice during the policy — without buying a new plan or going through financial underwriting again.
📈 Adapt Assure
What's inside iTerm Elite

Built for real life. Not just for the brochure.

Every feature here exists because someone, somewhere, needed it.

⚡
Insta Claim~ — ₹1 Lakh in 1 Working Day
After 3 policy years, your nominee gets an instant payout within 1 working day of claim registration — without waiting for full processing. It's not everything, but it's enough to keep the family going while the rest of the claim is settled.
Unique to iTerm Elite
💰
Up to 100% Premiums Back@
If you outlive the policy, Special Exit Value@ ensures your premiums aren't lost. Choose to exit at defined windows and reclaim what you paid.
Special Exit Value
📈
Cover That Grows With You5
Got married? Had a child? Bought a house? Increase your ₹1 Cr cover by up to 100% — twice — without any new policy or underwriting hassle.
Adapt Assure
🛡️
Lost Your Job? Cover Stays.4
Skip premiums for up to 12 months if things get tight. Zero interest. Full cover. Your family stays protected even when finances don't.
Cover Continuance
💸
Payout Your Way
Lumpsum, monthly income for 5–10 years, or 50-50. Your nominee chooses at claim time — whatever works best for the family's situation.
Flexible Payout
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Bandhan Life Claim Settlement Ratio 99.66 %

We're proud to announce a rise
in our Claim  Settlement Ratio to
^99.73%

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.  

[~] Under Insta Claim facility, ‘1 Day’ means one working day from the date we receive all required documents and information, including any additional details or clarifications requested by us. Any verification call conducted by the Company will be treated as part of the documentation process. Working days are Monday to Friday, excluding National, Bank, and Public Holidays. The illustrated amount of ₹1 lakh is derived based on a selected Sum Assured of ₹1 crore and represents 1% of the chosen Sum Assured.

[4] The policyholder is allowed to defer the due premium for a period of up to 12 months from the due date. This option is allowed to be exercised after completion of 3 policy years, provided all due premiums have been paid and the policy is in force.

[5] Increase or decrease in Base sum assured shall be subject to Board Approved Underwriting Policy (BAUP) of the Company. For detailed terms & conditions, please read the product brochure or policy document.

[^] Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2024-25 is 99.73% as per annual audited figures.  

[@] Special Exit Value is a benefit where the policyholder shall be returned a percentage of Total Premiums Paid plus underwriting extra premiums paid if any. Policyholders can avail 50% of total premiums paid at age 55 in case of limited pay and remaining premiums at the age of 65 or directly claim up to 100% total premiums paid, at age 65 in case of limited pay and 15 years before maturity in case of regular pay.  

[*] T&C Apply.

 

ADVT No. II/May 2026/0111

Your premium only goes up with age. Lock in your ₹1 Cr cover at today's rate.