What are the entry age and policy term for iTerm Comfort?

Entry age is 18 to 65 years and maturity age is 23 to 70 years. Policy term runs from 5 years up to 70 minus entry age.

What sum assured can I choose in iTerm Comfort?

The base sum assured ranges from ₹25 lakh to ₹1.25 crore. If you need higher cover, compare plans with no stated upper limit.

What happens if I miss a premium in iTerm Comfort?

There is a grace period of 30 days (15 days for monthly mode). If the premium is still unpaid, the policy lapses and cover ceases. A lapsed policy can be revived within five years, subject to underwriting and payment of outstanding premiums with applicable interest.

Bandhan Life iTerm Comfort – Features, Benefits and Eligibility

iTerm Comfort Overview

Bandhan Life iTerm Comfort is a non-linked, non-participating individual pure-risk life insurance plan that pays a lump-sum death benefit to the nominee if the life assured dies during the policy term, subject to the policy contract and claim assessment. The base sum assured ranges from ₹25 lakh to ₹1.25 crore, with entry age 18 to 65 years and a maximum maturity age of 70 years. There is no maturity benefit and no surrender value. Eligible policies (entry age up to 40, policy running to age 70) include a Special Exit Value that returns total premiums paid if exercised in the year after turning 55. Optional Accidental Death and CI Care riders are available for an additional premium. Premiums depend on age, cover, policy term and underwriting; the insurer's own illustration shows an annualised premium of ₹13,202 (excluding taxes) for a 30-year-old non-smoker with ₹50 lakh cover for 40 years.

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).

Expert Review of iTerm Comfort

iTerm Comfort suits buyers who want a straightforward online term plan with cover of up to ₹1.25 crore. The Special Exit Value is a useful differentiator, but it applies only to those who enter at 40 or younger with a policy ending at 70, and exercising it ends the cover. Compare the ₹1.25 crore cap with your protection need, since buyers who need higher cover may prefer plans with no stated upper limit. The insurer identifies the product as UIN 138N082V01; confirm current terms in the official brochure before buying.

Pros

Provides term-life protection for the selected policy term.
The product is offered by Bandhan Life under UIN 138N082V01.
Special Exit Value lets eligible policyholders exit around age 55 and receive the total premiums paid (entry age up to 40, policy running to age 70).

Cons

No maturity benefit is payable if you survive the policy term; only eligible policies can use the Special Exit Value around age 55.
Premiums and eligibility vary by applicant profile and selected terms.
No maturity benefit and no surrender value, and the base sum assured is capped at ₹1.25 crore.

About Bandhan Life (Insurer Profile)

Bandhan Life

Key Insights

Founded

2008

Bandhan Life was established 18 years ago and has built strong credibility over time, backed by its long-standing presence in the market.

Claims Experience

98.2% CSR, calculated as a 3-year average

Bandhan Life settles 98.2% of all claims it receives, demonstrating strong credibility.

Contact Details

1800 209 9090

Headquarters: A - 201, 2nd Floor, Leela Business Park, Andheri-Kurla Road, Andheri (East), Mumbai - 400059, Maharashtra, India

iTerm Comfort Features and Benefits

Life cover

Provides the death benefit specified in the policy for a covered death during the policy term.

Confirm sum assured, term and nominee payout in the policy schedule.

Premium payment

Premium-payment options depend on the product rules and selected policy.

Confirm frequency and payment term in the benefit illustration.

Age and policy term

Entry age is 18 to 65 years and maturity age 23 to 70 years. Policy term runs from 5 years up to 70 minus entry age, with premium payment term equal to policy term.

Sum assured range

Base sum assured ranges from ₹25 lakh to ₹1.25 crore. Premiums can be paid yearly, half-yearly or monthly.

Special Exit Value

If entry age is 40 or below and the policy runs to age 70, the policyholder can exit during the year after turning 55 and receive total premiums paid. The policy ends after exit, and the value applies to the base premium only, not riders.

Add-ons of iTerm Comfort

Bandhan Life AD Rider (accidental death)

Pays a lump sum equal to the rider sum assured, in addition to the base death benefit, if the life assured dies because of an accident. Death must occur within 90 days of the accident. The rider sum assured starts at ₹25,000 and can be at most equal to the base sum assured. Entry age is 18 to 65 years and the rider can run up to age 85.

Extra premium and rider exclusions apply. The rider ends once the accidental death benefit is paid.

Bandhan Life CI Care Rider (critical illness)

Provides a lump sum benefit and/or a waiver of future premiums on diagnosis of a covered critical illness.

What iTerm Comfort Does Not Cover (Exclusions)

Conditions or treatments that the policy clearly says it will not cover.

Death by suicide within 12 months of commencement of risk or revival: the nominee receives 80% of total premiums paid or the surrender value, whichever is higher, instead of the sum assured.
Fraud or non-disclosure: the insurer can question a policy on grounds of fraud within 3 years of issuance, commencement of risk or revival (Section 45 of the Insurance Act), so health, lifestyle and income details must be disclosed accurately.
The death benefit is payable only for an in-force policy. The policy lapses if premiums remain unpaid after the grace period (30 days, or 15 days for monthly mode), and there is no maturity benefit or surrender value.
AD Rider (if opted): the accidental death benefit is not payable if death is linked to suicide or self-inflicted injury, a criminal or illegal act, or intoxicating liquor, drugs or poison taken without a doctor's prescription.
AD Rider (if opted): not payable for death linked to war, terrorism or military operations, flying other than as a fare-paying passenger, professional sports or adventurous pursuits (racing, mountaineering, scuba diving, skydiving, paragliding), or inhaling gas or fumes outside the course of duty.

Disclaimer: For illustration purposes only - exact terms are in the policy wording.

Insurer

Bandhan Life plans and claim process

iTerm Comfort FAQs

What is Bandhan Life iTerm Comfort?

It is a non-linked, non-participating individual pure-risk life insurance plan. Benefits are governed by the policy contract and selected terms.

Does iTerm Comfort include a premium refund?

Not a standard maturity refund. iTerm Comfort has no maturity benefit, but eligible policies (entry age up to 40, policy running to age 70) have a Special Exit Value: during the year after turning 55 you can exit and receive the total premiums paid, and the policy then ends.

How is the premium calculated?

The premium depends on applicant details, cover amount, policy term, payment term, selected options and underwriting.

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.