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Bandhan User Reviews

136 reviews Rate This
Bandhan
Highlights
Claim Settlement Ratio99.66%
Customer Care9:00 AM to 7:00 PM
Death Benefit Paid For274 policies
Total Death Benefit Paid86.14 Crore
Rating of Bandhan
4.7
Based on
136 User reviews

Complete Cover

Last year, when I bought my term plan from Bandhan Life Insurance, I was a bit doubtful. But, having a critical illness rider on my term plan provided me with additional financial security. Recently, I was able to take advantage of its benefits. Thanks to InsuranceDekho for suggesting this option!

Shoba rani
On: Jun 20, 2024 | Views

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Bandhan Life Insurance Contact Details

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Claim Process at Bandhan Life Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

FAQs

  • What will I get if my Bandhan Life Term Insurance policy matures?

    Bandhan Life Term plan does not have a maturity benefit. The benefits will be paid out to the policyholder family in case of his/her death or to the policyholder in case if he/she is diagnosed with a terminal illness. If the policyholder chooses the critical illness benefit, the benefits would be paid out to the policyholder if he/she is diagnosed with any of the listed 36 critical illnesses.

  • Can I make changes to my Bandhan term policy after I buy it?

    No, policy terms and the premium amount cannot be changed once the policy is bought.

  • Are terrorist attacks covered under the Bandhan life term insurance policy?

    Yes, death due to terrorist attacks is covered under the Bandhan term plan. The death benefit can be claimed by the policyholder nominee or the legal heir. 

  • How much life cover should I select when I buy an Bandhan term plan?

    Your ideal life cover amount should depend upon your financial situation. Income and Liabilities should be taken into consideration. The basic rule to select your life cover is:

    • At age 30 years, life cover should be 20 times your annual income.
    • At age 40 years, life cover should be at 15 times your annual income.
    • At age 50, your life cover should be 10 times your annual income.

  • What is Critical Illness Cover?

    Critical illness cover is an additional benefit rider available with Aegon term plan which will provide the policyholder with a lump sum payout if diagnosed with listed 36 critical illnesses. There are no restrictions on hospitals or against any expenses incurred.

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