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Best Value — Lowest Premium + High Claim Settlement
Bandhan Life Insurance (formerly Aegon Life) offers the best value combination — 99.6% claim settlement with the lowest premium in this segment. iTerm Prime is their flagship term plan.
3 plans available — compare coverage, premium, and key features.
Lowest premium in the segment with 99.6% claim settlement — the best value term plan in India for coverage up to ₹1Cr.
Key Features
Includes critical illness and accidental death benefit at a very competitive combined premium.
Flexible cover options with return of premium add-on
Step-by-step claim process for Bandhan Life Insurance.
Call 1800-419-8228 or visit bandhanlife.com/claims. Nominee should intimate as soon as possible.
Submit death certificate, policy document, and nominee KYC online or at Bandhan Bank branches.
Bandhan Life processes claims within 30 days. Fast underwriting team ensures quick turnaround.
Claim amount credited to nominee's account within 7 working days of approval.
Bandhan Life offers the lowest premium with 99.6% claim settlement — the best value proposition in the term insurance market for coverage up to ₹1Cr.
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Bandhan Life (formerly Aegon Life) operates with a lean digital model — no agents, no physical branches for sales. This saves cost which is passed on as lower premiums to customers.
Bandhan Life iTerm Prime offers maximum coverage of ₹1Cr. For coverage above ₹1Cr, consider HDFC Life or Axis Max Life.
Bandhan Life has a claim settlement ratio of 99.6% — one of the highest in India despite being a smaller insurer.
Yes — Bandhan Life is IRDAI-regulated and backed by Bandhan Bank. With 99.6% CSR, it is one of the most reliable term insurers for coverage up to ₹1Cr.
Bandhan Life is primarily a digital insurer. You can buy online at bandhanlife.com or through Bandhan Bank branches. No independent agents are involved.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Bandhan Life Insurance website before purchasing.
Key Features
Key Features