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:

    
Income (when income is paid in advance) for different frequencies shall be calculated as following:

    
[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.

[%] 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) 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 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.

[^] 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.

ADVT No. II/Aug 2025/0217