Bandhan Life Insurance Limited
Bandhan Life iTerm Prime
Non-linked Non-Participating Individual Pure Risk Life Insurance Plan. Pure online term
UIN 138N084V03We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
—
Claim settlement (CSR)
95%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Lumpsum
Premium payment
Single Pay · Regular Pay · Limited Pay 5/10/15/20 +1
Policy term
5–82 yrs
Surrender value
no
Free look
30 days
What this plan does well
- Death Benefit 11x Annualized Premium (vs industry 10x) — DEALBREAKER ADVANTAGE
- Suicide payout 100% premiums (vs industry 80%) — DEALBREAKER ADVANTAGE
- Special Exit Value (SEV) at age 55 — total premium + extras refunded — DEALBREAKER
- Premium frequency alteration during PPT — flexibility
- Claim TAT 15 days (non-investigation) vs industry 30 days
- Free Look 30 days
- Coverage up to age 100 available
Watch out for
- Bandhan Life is recently rebranded (Aegon Life acquisition) — brand trust building
- No death benefit payout option (Lumpsum only — no Monthly Income)
- Surrender Value only for Limited Pay (Regular Pay: no benefit on lapse)
- SEV only at age 55 (single trigger window) — not generally available
- No riders other than AD Rider visible
- Bandhan Life CSR per insurer-wide estimate (FY24-25)
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.