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Bandhan Life Insurance is an Indian life insurance company offering individual and group insurance online and offline.
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.
5 plans available — compare coverage, premium, and key features.
Special Exit Value and flexible premium-payment options are subject to policy terms.
Key Features
Step-by-step claim process for Bandhan Life.
Call 1800-209-9090 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.
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 website before purchasing.
Cover from ₹25 lakh to ₹1.25 crore, with a Special Exit Value around age 55 on eligible policies (entry age up to 40, policy running to age 70).
Key Features
The insurer describes an option to increase or decrease sum assured twice during the premium-payment term, subject to policy rules.
Key Features
For an in-force policy with all due premiums paid, the stated maturity benefit is 100% of total premiums paid plus applicable underwriting extra premiums and modal loadings, subject to policy terms.
Key Features
Official product information lists a 45-day waiting period; non-accidental death during this period has a restricted benefit under policy terms.
Key Features
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.