Bandhan Life Insurance Plans

Bandhan Life Insurance offers a variety of life insurance plans that provide financial protection to its customers. The insurer strives to cater to the requirements of every customer and fulfil their long-term financial aims with its three types of life insurance plans. Explore the types of Life Insurance plans offered by Bandhan Life, one of the leading insurance providers by reading about them in detail below:

1. Term Insurance Plans
2. Health Insurance Plans
3. Savings Plans
4. Unit-Linked Insurance Plans.

Bandhan Life Term Insurance Plans

Bandhan Life Insurance offers five terms insurance plans as discussed below:

1. Bandhan iTerm Plan: It is Bandhan Life’s top-selling online plan that offers life cover till the age of 100 years. This plan offers the applicant the flexibility to choose from 3 plans as per the requirements of a person. This plan also offers a built-in Bandhan Life Critical Care Rider.
2. Bandhan Life Group Term Plus Insurance Plan: This is an insurance plan curated for Employers or Group Administrators. This plan offers ‘Death Cover’ that is a sum assured amount that is payable to the nominee at the time of unforeseen death of any group member.
3. Bandhan Life Group Credit Shield Insurance Plan: This policy not only provides life cover but also provides cover the policyholder’s outstanding loans so that family members of the policyholder can fulfil their financial requirements.
4. Bandhan Life Saral Jeevan Bima: It is an individual pure risk term insurance policy that aims to provide financial security to protect the family in case of the death of the policyholder during the policy term. This is an easy to understand plan which is quite suitable for first-time buyers. It provides a handsome lump sum payout with additional benefits.
5. Bandhan Life Rural Term Insurance Plan: It is a term insurance policy that provides you coverage for 5 years by making a single payment. This plan brings several benefits it like death benefit, maturity benefit, tax benefit and so on.

Bandhan Life Savings Insurance Plans

Bandhan Life Insurance offers four savings plans as discussed below:

1. Bandhan Life POS-GRIP: Bandhan Life POS-GRIP plan is both a savings and protection plan that provides financial protection to policyholder’s family members in his/her absence.
2. Bandhan Life Jeevan Riddhi Insurance Plan: Bandhan Life Jeevan Riddhi Insurance Plan offers a 5% addition guaranteed on the sum assured.
3. Bandhan Life Regular Money Back Insurance Plan: Bandhan Life Regular Money Back Insurance Plan offers life cover and guaranteed payouts for 10 years.
4. Bandhan Life Insta Pension Insurance Plan: This policy provides you with a constant income after your retirement for the rest of your life to help you continue to maintain a good lifestyle with lifetime income and annuity payout options.

Bandhan Life Unit-Linked Insurance Plans

Bandhan Life Insurance offers two unit-linked plans that are:

1. Bandhan Life iInvest Plan: It is a life cover as well as an investment tool where the insurer invests all the premium amount paid by you to help you maximise your investment.
2. Bandhan life iMaximize Plan: This policy provides a combination of protection as well as market-linked returns. It caters to the needs of your child in your absence through the Triple Benefit pay-out option. This plan holds no allocation charges which maximise your return from investment.

Bandhan Life Insurance Insurance Plans

Bandhan Life Insurance offers the below mentioned health insurance plan:

1. Bandhan Life Group Health Plan: This plan is a comprehensive group health insurance policy that is designed to shield your family members from various types of life eventualities. The prime features of this plan are personal accident care, respiratory care, neuro care, covid care, disability care, etc, which never lets you down even in the worst phases of life.