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Bandhan life iGuarantee Max Savings

Bandhan Life iGuarantee Max Savings Insurance

Bandhan Life for best Investment Life Insurance

At various junctures of life, you would need to achieve several goals, small or big, like buying your first vehicle to funding a child’s education or a peaceful retirement.

The list could be endless but chalking out these goals at different points in your life, and the finances needed to achieve them is necessary.

Therefore, choosing a flexible savings life insurance plan is imperative which not only helps you achieve those goals, but also keeps your family financially secured in case you are not around.

Helps you achieve those goals, but also keeps your family financially secured in case you are not around. To help you with this, we at Bandhan Life bring to you ‘Bandhan Life iGuarantee Max Savings’, an insurance plan that offers you more than just the steady growth of your corpus while simultaneously helps you in achieving the milestones and safeguarding your family against unfortunate events

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Bandhan Life for iGuarantee Max Savings 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 2018-19 - 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.

Bandhan Life iGuarantee Max Savings Plan Overview

Key Benefits of Bandhan life iGuarantee Max Savings
- Guaranteed maturity benefit to ensure your goals are met
- Choice of premium payment terms for your convenience.
- Payment of death benefit in lump sum for your family’s future well-being.

Eligibility of Bandhan Life iGuarantee Max Savings Insurance Plan

Eligibility Criteria
Entry Age	Minimum: Minimum: 90 days	Maximum: 55 years
Maturity Age	Minimum: 18 years	Maximum: 65 years
Policy Term	Minimum: 10 years	Maximum: 20 years
Sum Assured	Minimum: ₹ 1,80,000	Maximum: ₹ 25,00,000 (Subject to ‘Board Approved Underwriting Policy’ of the Company)
Premium Payment Term	7 years	5/ 7/ 8/ 10/ 12 years
Premium Payment frequency#	Minimum Instalment Premium: For Monthly mode₹1500 For Quarterly mode ₹12,800 For Half-yearly mode ₹9000 For Annual mode ₹2,175	Maximum: No Limit (subject to ‘Board Approved Underwriting Policy’ of the Company)
Premium Payment frequency#	Yearly, Half-yearly, Quarterly and Monthly

[^^] All ages above are applicable as on last birthday. If the Policy has been taken on the life of a minor, the Policy shall automatically vest on him/her with effect from the date of attaining age of majority and the Life Assured will become the Policyholder from such date. [1] The policyholder has the option to alter the payment frequency during the premium payment term

Brochure

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Policy wordings

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