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Bandhan Life Investment

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Bandhan Life Investment
Highlights
Claim SettlementQuick and Easy
Claim Settlement Ratio99.37%
Customer Care9:00 am - 7:00 pm
In-House Claim SettlementAvailable
Policies Sold30 lakhs
PresenceAcross India
RenewabilityLifetime

About Bandhan Life Investment

Investment plans allow you to do financial planning. Bandhan Life Investment Plans are the best choice for you if you want to save and create wealth simultaneously. Read on to find out the features, benefits, eligibility criteria, and more details on investment options offered by Bandhan Life Insurance Company.

What Is an Investment Plan?

An investment plan is a traditional life insurance product to secure your future financial needs. Investment insurance plans provide both savings and wealth creation benefits to their policyholders. Furthermore, a death benefit will financially protect your loved ones even when you are not around.

Benefits of Bandhan Life Investment Plans

The following are the benefits of investing in Bandhan Life Investment Plans:

  • Financial Peace: The policyholders of Bandhan Life Investment Plans can ensure financial peace and protection for their loved ones. The company provides a death benefit to the nominees in case of the unfortunate demise of the life assured. Your loved ones can use this sum assured to satisfy their financial needs.
  • Create Wealth: In addition to providing a death benefit, Bandhan Life Investment Plans allow you to build wealth in the long run. In case the policyholder survives the policy tenure, they will receive a maturity benefit along with the bonuses earned, if any.
  • Riders: Bandhan Life Investment Plans provides enhanced protection to its policyholders. You can select from various add-ons and purchase them with your base investment insurance plan.
  • Satisfy Financial Needs: The policyholders of Bandhan Life Investment plans can satisfy all their short- and long-term financial goals, such as purchasing a dream home, planning for retirement or children’s higher education, and others.

Best Bandhan Life Investment Plans 2024

Bandhan Life Insurance Company offers a variety of traditional and investment plans with appealing features and benefits to its customers. The table below highlights some of the best Bandhan Life Investment Plans to invest in:

Investment plan

Entry age

Max. Maturity age

Premium payment mode

Bandhan Life iGuarantee Insurance Plan

12- 50 years

56 years

Yearly or monthly

Bandhan Life Guaranteed Growth Plan

8- 50 years

60 years

Yearly or monthly

Bandhan Life Flexi Money Back Advantage Plan

7- 60 years

75 years

Yearly, half-yearly, monthly

Bandhan Life Jeevan Shanti Insurance Plan

8- 60 years

75 years

Yearly, half-yearly, monthly

Here's a more in-depth look at the plans and their features.

Bandhan Life iGuarantee Insurance Plan:

The Bandhan Life iGuarantee Insurance Plan is a traditional life insurance plan that provides complete life insurance coverage as well as a guaranteed maturity reward. The features and benefits of the plans are as follows:

  • Policyholders will get 135 % of the annualised premium they paid every year from the end of the 6th year until the end of the 11th year from the date the policy began (not including tax).
  • If the policyholder dies within the term of the plan, the sum assured is paid, up to a maximum of 105% premiums paid up to the time of death.
  • The benefits received under the iGuarantee Insurance plan are tax deductible under Section 10(10D) of the Income Tax Act, and the premiums paid for the policy are deductible under Section 80C of the Income Tax Act, 1961.

Bandhan Life Guaranteed Growth Plan

The Guaranteed Growth Insurance Plan of Bandhan Life Insurance is a guaranteed money-back insurance policy with guaranteed returns. The key features of this plan are highlighted below:

  • Annual payouts are guaranteed for eight years after the contract expires, beginning at the end of the policy term. Between the end of the 10th and the 17th year after taking out the policy, the policyholder will receive a refund of 150% of the annualised premium paid.
  • If the policyholder dies during the policy period, death benefits are guaranteed. The payouts will be made between the end of the 10th and the end of the 17th years, and all future premiums will be waived for the nominees
  • The premium paid and claims received for your Bandhan Life Investment Plans are tax-deductible under Sections 80C and Section 10(10D) of the Income Tax Act, 1961 respectively.

Bandhan Life Flexi Money Back Advantage Plan

The Bandhan Life Flexi Money Back Advantage Plan is an Bandhan Life insurance plan that allows you to save money while also providing complete coverage. It also allows you to liquidate small portions of your investment at regular intervals. The key features of this Bandhan Life Investment Plan are as follows:

  • The death benefit of the policy is the greater of:
  • Sum Assured with Bonuses Accrued, or
  • 10 times the annual base premium
  • The total death benefit is limited to 105 % of the paid-up Base Premiums.
  • The life insured is entitled to the following benefits if he or she pays all premiums on time and lives to the end of the policy term:
  • 40% of the Sum Assured (the final instalment of the Money Back Payout + accumulated bonuses and terminal bonuses).
  • The policyholder will receive a periodic survival benefit equal to a percentage of the sum assured. The benefit will be determined by the policy term chosen.

Bandhan Life Jeevan Shanti Insurance Plan:

Jeevan Shanti Insurance Plan of Bandhan Life Insurance is a participating insurance plan that allows customers to save regularly while also providing life insurance coverage. The key features of this traditional investment plan are highlighted below:

  • If the life guaranteed survives the policy term, the company will pay out maturity benefits if all due premiums have been paid. The maturity benefits of the plan include % of the sum assured, plus earned revisionary bonuses and terminal bonuses, if any.
  • If the life assured dies within the insurance period, the beneficiary will be eligible for the sum assured, as well as any earned revisionary bonuses and terminal bonuses, if any. The total death benefit payable to the beneficiary will be at least 105 % of the policyholder premiums paid till his or her death.
  • The benefits received through the Jeevan Shanti Insurance plan are tax deductible under Section 10(10D) of the Income Tax Act, and the premiums paid for the policy are deductible under Section 80C of the Income Tax Act, 1961

Process To Buy Bandhan Life Investment Plans

The Bandhan Life investment plans purchasing process is seamless and hassle-free. The policyholders can simply visit the company’s official website and select the investment plan which they want to purchase. Here’s a step-by-step guide on how to buy investment schemes from Bandhan Life Insurance:

Documents Required To Buy Bandhan Life Investment Plans

  • Address proof
  • Income proof
  • Age proof
  • Identity proof
  • Any other specifically asked by an insurance company

Steps You Need To Follow To Buy Bandhan Life Investment Plans

  • Visit the official website of Bandhan Life Insurance.
  • Under the “Investment” section, click on the “investment plans” tab.
  • Enter your personal details such as name, gender, age, profession, and more.
  • Choose the investment option in which you want to invest.
  • Upload all the necessary documents on the online portal of the company.
  • Pay a premium online to buy Bandhan Life Investment Plans.
  • Once this process is completed, an insurance company will send a policy document to your registered email id.

About Bandhan Life Insurance Company

Parameters

Details

Established in

2008

Headquarters of the company

Mumbai

Official website

www.aegonlife.com

Helpline number

1800 209 9090

Best Bandhan Life Investment Plans

Info

It is a form of investment which gives you guaranteed returns mentioned while investing along with life coverage.

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