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Bandhan Life Shubh Samriddhi Insurance

Bandhan Life for best Investment Life Insurance

  • Introducing Bandhan Life Shubh Samriddhi, your stepping stone to a prosperous and secure future.
  • Bandhan Life Shubh Samriddhi is here to support your evolving needs. You get the advantage of an additional cash flow and a significant lump sum at the end of the policy term, along with life coverage to ensure your family's future remains safeguarded.
  • Bandhan Life Shubh Samriddhi helps you manage your finances and nurture your savings, providing a practical and flexible way to address financial needs across different stages of life.
  • It is a comprehensive savings solution, granting you and your loved ones the freedom and security to embrace life's journey to the fullest. It is the ideal foundation for anyone who dreams big and seeks to turn those dreams into reality.

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Bandhan Life for Shubh Samriddhi insurance reviews

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Distribution - Number of branches pan India (March 2019)

82

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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.

Bandhan Life Shubh Samriddhi Plan Overview

  • Key Benefits of Bandhan life Shubh Samriddhi

    • Get a long-term regular income with our cash bonus payouts.
    • You can choose to accumulate the bonus and access the funds whenever you may need it.
    • Long term life insurance cover available (till age of 100 years).
    • Get a lumpsum amount at maturity to help your future goals.
    • In case of untimely death, your loved ones receive a lump sum benefit to ensure their financial well-being.
    • Pay for a limited period while enjoying the benefits over a longer term.

  • Eligibility of Bandhan Life Shubh Samriddhi Insurance Plan

    Eligibility Criteria
    Entry Age Minimum: 3 years Maximum For PPT 5 years: 50 years For PPT 6, 7, 8, 9, 10, 12 years: 65 years
    Maturity Age Minimum: 20 years Maximum: For PPT 5 years: 90 years OR 100 years if (100 – age at entry) policy term combination has been chosen.
    For PPT 6, 7, 8, 9, 10, 12 years: 95 years OR 100 years if (100 – age at entry) policy term combination has been chosen.
    Policy Term Minimum: 20 years to 40 years subject to maturity age not breaching 95 years; or
    		 100 – age at entry
    Sum Assured Minimum: ₹3,00,000 Maximum: No limit, subject to ‘Board Approved Underwriting Policy’ of the Company
    Premium Payment Term Age 50 and below: 5/ 6/ 7/ 8/ 9/ 10/ 12 years
    		 Age 51 and above: 6/ 7/ 8/ 9/ 10/ 12 years
    Premium Payment frequency# Minimum: a.Annual: ₹25,000 b.Half-Yearly: ₹12,800 c.Quarterly: ₹6,475 d.Monthly: ₹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. For all ages, the risk cover will start immediately upon commencement of the policy. 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. The modal factors applicable are as below and are calculated on Annualized Premium
    Half-Yearly Premium = Annualized Premium multiplied by 0.512
    Quarterly premium = Annualized Premium multiplied by 0.259
    Monthly Premium = Annualized Premium multiplied by 0.087
    The Policyholder has the option to alter the payment frequency during the premium payment term.
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Brochure

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Policy wordings

Review bandhan Life Shubh Samriddhi Insurance Plan Premium policy wordings which explains the terms and conditions.

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