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Bandhan life Group Care Micro Insurance Plan

Bandhan Life Group Care Micro Insurance

Bandhan Life for best Group Insurance

Bandhan Life Group Care Micro Insurance Plan is a protection-oriented plan that aims to provide life cover to the members/ borrowers of your group at affordable rates.
Since misfortune comes unannounced, the plan provides security to them and their families by safe guarding their financial commitments in case of any unfortunate event.
The plan can also be offered to Members/Employees of Micro Finance Institutions, Co-operatives, and any other Non-Employer Employee groups and provides flexibility in choosing cover options as per the needs and requirements of the group.

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Bandhan Life for Group Care Micro Insurance reviews

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Distribution - Number of branches pan India (March 2019)

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Sum Assured Minimum / Maximum - Term Plans

25 lacs / Unlimited

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Solvency Ratio (FY 2018-19) *

2.59

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Number of Lives Covered (Ind+Group) **

285,524

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Entry Age Minimum/Maximum (Years) - Term Plans

18/65

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Policy Term Minimum / Maximum (Years) - Terms Plans

5/62

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Number of Policies Sold (Ind+Group) *

37,487

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Claims Settlement Ratio (Ind+Group) ***

96.90%

* - As per IRDAI data - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes | ** - as per L-25 Public Disclosure of Insurance Companies for 2019-20 | *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published.