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Bandhan Life for iInvest - II Insurance

Bandhan Life for best Unit Linked Insurance

  • Bandhan Life understand that such a future needs a combination of financial security as well as potential for investment-linked returns.
  • And so we present Bandhan Life iInvest Advantage - a unit-linked life insurance plan, which provides a life insurance cover to safeguard the future of your loved ones, while also providing you the opportunity to participate in market-linked returns, which you can customize to suit your needs.

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Bandhan Life for iInvest-II 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.

How does the Plan work?

  • You can customize your policy to suit your requirement with these few steps:
  • Select Premium: Choose your premium amount and payment frequency.
  • Customize Coverage: Set policy term, premium payment term, and sum assured multiple.
  • Choose Strategy: Select an investment strategy and fund allocation based on your risk appetite.
  • Monitor Returns: Track performance, adjust your portfolio, and enjoy benefits on maturity.

Bandhan Life iInvest-II Plan Overview

  • Key Benefits of Bandhan life iInvest-II

    • Remain insured while creating your wealth.
    • Return of Mortality Charges at maturity.
    • Loyalty additions starting from 15th policy year to boost your returns.
    • Choice of investment strategies to suit your investment needs.
    • Pool of wide range of funds to suit your investment profile.
    • Flexibility to switch between the funds.
    • With settlement option, choice of receiving maturity payout in instalments.
    • Tax benefits eligibility as per prevailing tax laws.

  • Eligibility of Bandhan Life iInvest-II Insurance Plan

    Eligibility Criteria
    Entry Age Minimum: Minimum: 90 days Maximum: 60years
    Maturity Age Minimum: 18 years Maximum: 75 years
    Policy Term Minimum: Minimum: 10 years (when sum assured multiple opted is between 7 – 14)
    15 years (when sum assured multiple opted is between 15 - 20)    		 Maximum: 40 years, subject to maximum maturity age.
    Sum Assured Minimum: 7 times of Annualized Premium^ Maximum: 20 times of Annualized Premium^, subject to Board Approved Underwriting Policy
    Top-Up Sum Insured: 1.25 times the Top-up Premium#
    Premium Payment Term 5, 7, 10 years - 39 years
    7, 10 years - 39 years
    7, 10 years - 39 years    		 10 years - 40 years
    10 years - 40 years
    15 years - 40 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 Mode Monthly, Quarterly, Half-Yearly & Annual

    [*] All ages mentioned above are age as of last birthday.
    [^] Annualized Premium means the premium amount payable in a year excluding the taxes, rider premiums and underwriting extra premium on riders, if any.
    [#] Top-Up Premium means an amount that is paid by the policyholder voluntarily besides Regular Premium and is treated as single premium for all purposes.
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Brochure

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Policy wordings

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