Aegon Life is now Bandhan Life. To know more about the exciting new changes, Click Here
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Aegon Life is now Bandhan Life. To know more about the exciting new changes, Click Here
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Bandhan Life iTerm PrimeBestseller

Small premium. Big cover.
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Up to +10% Discount on Online Purchase
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Smooth Digital Process With Zero Documentation#
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Get All Your Premiums Back&
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Get the quote details if you have applied before.Applied Before? Resume Application.
UIN: 138N084V02 ADVT No. II/Sep 2024/7220

Key Features of iTerm Prime

Small Premium. Big Cover

Protect your family's future through your earning years - simply and affordably. Choose optional Riders for added peace of mind. Plus, enjoy a first-year discount!

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Special Exit Value

iTerm Prime adapts with you! When life's responsibilities lessen, choose to get all your premiums back with Special Exit Value&, at age 55.

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Zero Charge On Free Look

Hassle-free cancellation, and 100% refund within 30 days of policy purchase.

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Tax Benefit

Avail tax benefits up to ₹46,800 as under Section 80(C)and Section 10(10D) as per prevailing tax laws

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Small Premium. Big Cover

Protect your family's future through your earning years - simply and affordably. Choose optional Riders for added peace of mind. Plus, enjoy a first-year discount!

img
Special Exit Value

iTerm Prime adapts with you! When life's responsibilities lessen, choose to get all your premiums back with Special Exit Value&, at age 55.

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Zero Charge On Free Look

Hassle-free cancellation, and 100% refund within 30 days of policy purchase.

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Tax Benefit

Avail tax benefits up to ₹46,800 as under Section 80(C)and Section 10(10D) as per prevailing tax laws

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Why iTerm Prime?
Choose Additional Riders for Comprehensive Protection
Accidental Death Benefit Rider`

Gives lump sum benefit equal to rider sum assured in case of death due to an accident.

Learn more about this plan
How It Works
  1. 1
    Check Your Premium
  2. 2
    Update Your Details
  3. 3
    Make Payment
Bandhan Life’s Promise
No Unwanted Call Icon
No Unwanted Sales Calls
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Buy, manage, claim. Everything Online!
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Quick and hassle-free claim settlement

Unsure of which plan is right for you?

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(No Unwanted Sales Calls.)

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Disclaimers

Bandhan Life iTerm Prime (UIN: 138N084V02). A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan. Life insurance cover is available under this product. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale.

[+] Up to 10% Discount: 5% discount will be applicable only on first year premium for online customers. Additional 5% discount will also be applicable only on first year premium for Self-Employed or other Non-Salaried Customers.

[%] Tax Benefits: Tax benefits are available for the premiums paid towards this plan under Section 80C of the Income Tax Act, 1961. Additionally, proceeds from this plan may qualify for tax benefits under Section 10(10D). These benefits are calculated based on the current tax laws and are subject to change as per amendments to the tax laws. The illustrative figure of ₹46,800 is estimated for a 30-year-old, salaried male with an annual income of 30 lakhs, under the old tax regime. Tax benefits are contingent upon all premiums being paid on time and the policy remaining in force until maturity. We advise consulting a tax expert to fully understand the implications of these benefits on your personal tax obligations. The Company is not responsible for any tax advice provided herein.

[#] Zero Documentation: Zero Documentation is Subject to board approved underwriting policy.

[##] Video Medicals: In case of any observations during Video Medicals, physical medicals will be required and premiums rates may vary. Home visits are subject to availability in your location.

[~] Free Look Cancellation: If you are not satisfied with any of the terms and conditions of the policy, you may request the company for cancellation of the policy within 30 days from the date of receipt of the policy document via physical and/or e-mail, whichever is earlier. Upon such cancellation, we will refund 100% refund of the total instalment premiums received including any extra premiums and taxes towards the policy. The policy will terminate on payment of this amount.

[&] Special Exit Value: SEV is available for policies where age of insured at inception of the policy is up to 40 years (as of last birthday), and the policy matures at the age of 70 years (as of last birthday), and can be availed at Age 55 only. On availing Special Exit Value (SEV), total of premiums paid, along with underwriting extra premiums paid, plus loadings for modal premiums (if any) will be paid back to the insured, and the policy will terminate. Here, total premium paid is the total of all the premiums received, excluding any extra premium, any rider premium, and taxes. SEV is applicable only to base cover premium, and not to any additional optional riders.

[***]All ages applicable as per last birthday.

[^] Claim Settlement Ratio: Individual Death Claim Settlement Ratio for Bandhan Life Insurance Limited for FY 2023-24 is 99.66% as per annual audited figures.

[`] Rider Benefits: Bandhan Life iTerm Prime offers add-on optional coverages through the choice of the below mentioned riders provided their Premium Payment Term and Policy Term are consistent with that of the base plan:
1)Bandhan Life AD Rider (UIN: 138B006V05 and all succeeding versions) – Provides a Lump-sum benefit equal to the rider Sum Assured in case of death due to accident of the Life Assured.
Please refer the sales brochure of the respective riders to understand the benefits and terms & conditions before concluding the sale.

ADVT No. II/Sep 2024/7220