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Home › Compare Policies › Bandhan Life iTerm Prime

Bandhan Life iTerm Prime

Bandhan Life Insurance Company Limited

Term Life Insurance

UIN: 138N084V03 Updated: Jun 2026 Score: 70 / 100
bandhan-life-iterm-prime-brochure 2.6 MB

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Quick Information

Basic Details

Entry Age 18 to 65 years
Coverage Amount Not specified
Policy Term Up to 52 years
Premium Payment Up to 42 years
Claim Settlement 99.73% (FY 2025)
Claim Value Ratio 0.00%

Best For

Families needing comprehensive coverage
People who want no room rent restrictions
Those preferring cashless treatments
Individuals looking for AYUSH coverage
Senior citizens seeking reliable cover

What Works Well

Affordable premium pricing

Special Exit Value available

Limited Pay options available

Accidental Death Rider available

High claim settlement ratio by number

Online claim tracking available

Watch Out For

No increasing cover option

No critical illness rider

No waiver of premium benefit

No accidental disability rider

No monthly income payout option

No claim payout customization

Hidden Clauses - Read Very Carefully!

These clauses are often buried in fine print. MyInsureBuddy surfaces them so you're never surprised at claim time.

Death benefit is highest of 11 times annualized premium, 105% of total premiums paid or base sum assured
Special Exit Value available only if entry age is up to 40 years and policy matures at age 70
Special Exit Value can be exercised only during one-year window after attaining age 55
Policy lapses if premiums are not paid during grace period
Limited Pay policies receive Unexpired Risk Premium Value only after minimum 2 full policy years paid
Suicide within 12 months limits payout to 100% of premiums paid or surrender value, whichever is higher

⚡ At a Glance

Smoker Allowed Accidental Death Rider

Death Benefit Options

•["Lump Sum"]

Premium Payment Options

•Regular Pay
•Limited Pay

Premium Frequency

•Annual
•Half-Yearly
•Monthly

Available Riders

•Bandhan Life AD Rider: Additional lump sum payout equal to rider sum assured in case of accidental death

Product Benefit Rating

•Overall Product Benefits Rating: 2.1/5
•No Increasing Cover Feature
•Only Lump Sum Claim Settlement Available
•Early Exit Option Available
•Accidental Death Rider Available

Claims Experience

•Claim Settlement Ratio (Count): 99.73%
•Claim Settlement Ratio (Value): 99.80%
•Claims Settled Within 30 Days: 100%
•Claims Complaint Ratio: 0.29%
•Online Claim Tracking Available
•Death Claim Form: Moderately Long

Customer Service

•Toll-Free Response Time: Average
•Twitter/X Response Time: Slow
•After Sales Complaint Ratio: 0.69%

Not Available Features

•Increasing Cover
•Critical Illness Rider
•Waiver of Premium Rider
•Accidental Disability Rider
•Monthly Income Payout
•Claim Payout Customization

Special Exit Value Conditions

•Available only for entry age up to 40 years
•Policy must mature at age 70
•Policy must be in-force
•Can be exercised after attaining age 55
•Returns total premiums paid on base cover
•Policy terminates after exit

Official Policy PDF

Download the official IRDAI-filed brochure from Bandhan Life Insurance Company Limited.

Download (2.6 MB)

MyInsureBuddy Score

70
Good Choice
Solid option in its category
Claim Settlement 99%
Product Benefits 0%
Value for Money 60%
Flexibility 37%
Rider Strength 20%
Hidden Risk Safety 0%
Risk Level Medium Risk (4/10)

Quick Actions

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