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Bandhan Life Insurance logo Bandhan Life Insurance ★ 4.6/5

Bandhan Life Insurance

Bandhan Life Insurance is one of the major player transforming the insurance sector in India. The company aims to make ...Read More

99.73%
Claim settlement ratio
512.28 crores
Annual Premium
2.69x
Solvency ratio
🛡️ IRDAI Approved
4.6/5 · 921 reviews
99.73% claim settlement ratio
📊 2.69x solvency ratio
🌐 130+ pan-India

What you get with Bandhan Life Insurance

The headline features and policy mechanics, at a glance.

Annual Premium 512.28 crores

Affordable premium options starting from entry-level to comprehensive whole-life protection.

99.73% claim settlement ratio

Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.

2.69x solvency ratio

Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.

2+ optional riders

Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.

130+ pan-India presence

Branch offices and claim service centres across India for easy policy servicing.

Video reviews

Bandhan Life iTerm Prime || Bandhan Life i Term Prime Term Plan || Best Term Plan in India

Bandhan Life iTerm Prime || Bandhan Life i Term Prime Term Plan || Best Term Plan in India

Bandhan Life iTerm Prime is a comprehensive term insurance plan designed to secure your family& 039;s financial future.

Why Choose PolicyX.com?

Don't just take our word for it — check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti Varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

Frequently asked questions

The 10 most-asked questions about Bandhan Life Insurance, answered.

Online policy - Once the policy is issued, the soft copy of the policy document is sent to your registered email id within 4 working days.
The status of your Claim can be identified by calling the Customer Care Helpline at the Toll Free number- 1800 209 9090 or by writing to them at [email protected].
In case a claimant has a query regarding claims, they can approach the Customer Care department at 1800 209 9090. In case the claimant finds the response dissatisfactory, he/she may write to the Grievance Redressal Committee at the following address:
To increase the Sum Assured of Bandhan insurance policy, you need to submit a duly signed request to the Bandhan life insurance company.
Yes. you can add or remove riders from your Bandhan Life Insurance plans. You need to submit a duly signed request letter to add a rider to the policy. To remove a rider, you need to call on the hotline number of the Bandhan Life Insurance company. Keep your policy number and T-PIN handy at the time of the call.
You can pay your Bandhan Life Insurance premium through any of the following options: Net banking. Debit Credit card. Cheque. Cash payment at the branch
You can revive a lapsed policy by paying the premium and notifying the company by sending an email/letter.
You will receive a soft copy of the policy document at your registered email address within 4 working days from the policy being issued.
Bandhan Life Insurance plans are a good choice. You can buy these plans from their official website or PolicyX.com
The claim settlement ratio of Bandhan Life Term Insurance is 99.3

Customer satisfaction

Aggregate ratings from 921 verified PolicyX customers who bought a Bandhan Life Insurance plan.

4.6
out of 5
921 reviews
5 star
60%
4 star
25%
3 star
10%
2 star
4%
1 star
1%

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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Rated by 921 customers

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