Bandhan Life ULIP Plans

Bandhan Life offers a variety of Unit Linked Insurance Plans (ULIPs) to cater to different needs and risk appetites. These plans combine insurance coverage with investment opportunities, allowing you to build wealth while securing your family's future.

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  • 4.8 Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold

ULIP Plans

  • Plan starting from ₹1,000/month
  • Save upto ₹46,800 in Tax under section 80 C
  • Zero LTCG Tax
  • In built life cover

Top performing plans with High Returns**

Invest ₹10K/month & Get ₹1 Crore# returns

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rating
7.7 Crore
Registered Consumer
50
Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
Equity (Large, Mid Cap)
Balanced
Debt
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Accelerator Fund
Fund Size: 249 Cr
249 Cr
48.49 0.45%
20.48% Highest Returns
15.95%
14.13%
Get Details
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Stable Fund
Fund Size: 21 Cr
21 Cr
34.83 0.24%
12.82% Highest Returns
11.06%
10.53%
Get Details
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Debt Fund
Fund Size: 100 Cr
100 Cr
36.58 0.04%
6.39%
6.45%
7.31% Highest Returns
Get Details
Secure Fund
Fund Size: 41 Cr
41 Cr
26.03 0.01%
5.02% Highest Returns
3.99%
4.87%
Get Details
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Grow Your Wealth!

Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 25-11-2024. The returns are the returns of best-performing fund in the plan

Disclaimer :
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

What are ULIP Plans?

ULIP stands for Unit Linked Insurance Plan. It's a financial product that combines the benefits of life insurance with the potential for investment returns. A portion of your premium goes towards providing you with life coverage. This means that if you were to pass away during the policy term, a sum assured amount would be paid to your nominee.

The remaining portion of your premium is invested in various market-linked funds, similar to how mutual funds work. You can choose from different types of funds like equity, debt, or a mix of both, depending on your risk appetite and investment goals.

Different Types of ULIP Plans by Bandhan Life

Compare all Bandhan Life ULIP Plans and buy the best ULIP plans that suit you. You can buy ULIP plans directly from the company’s website. Types of ULIP plans are:

  1. Bandhan Life iMaximize Plan

    Bandhan Life iMaximize Plan is a unit-linked insurance plan (ULIP) that is designed to maximise your investment returns. It has zero charges for premium allocation, which means that all your money gets invested in various funds without any deduction. Moreover, this plan charges nothing also for doing any number of top-ups.

    Here are some of the key features of Bandhan Life iMaximize Plan:

    • Zero premium allocation charge: This means that all your money gets invested in the chosen funds, without any deductions.

    • Free top-ups: You can top up your investment any number of times without any charges.

    • Loyalty additions: From the 12th year onwards, you will receive loyalty additions to your fund value. This is a bonus that is added to your investment over and above the returns you earn from the chosen funds.

    • Online purchase: You can easily purchase this plan online.

    • Choice of investment strategies: You can choose from two different investment strategies: growth or balanced.

    • Six investment funds: You can choose from six different investment funds.

    • Two death benefit options: You can choose from two different death benefit options: sum assured or higher of sum assured and policy value.

    • Free switches: You can switch between funds four times in a year without any charges.

    • Minimum single premium: The minimum single premium for this plan is ₹24,000.

    Plan at Glance

    Parameter Option 1  Option 2
    Entry Age  7 years to 55 years  18 years to 50 years 
    Maximum Maturity Age  70 years  65 years 
    Policy Term &  & Premium
    Payment Term
    15/20/25 years 15/20/25 years
    Premium Payment Term 5/7/10/15/Equal to Policy Term  10/15/ Equal to Policy Term

    Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan

    People also read: What is ULIP

  2. Bandhan Life iGuarantee Max Savings

    Bandhan Life iGuarantee Max Savings is a savings plan with life insurance coverage offered by Bandhan Life Insurance in India. It is designed to help you save money and grow your wealth over time while also providing protection for your family in case of your death.

    Here are some of the key features of Bandhan Life iGuarantee Max Savings:

    • Creates a Lump Sum Corpus: This plan helps you build a guaranteed lump sum amount at maturity, which you can use to achieve your life goals, such as buying a house, funding your child's education, or saving for retirement.

    • Guaranteed amount on maturity to secure all your life goals: You are guaranteed to receive a specific amount at the end of the policy term, regardless of market fluctuations. This provides you with peace of mind knowing that you will have the money you need to achieve your goals.

    • Life Cover: In case of your unfortunate demise, your nominee will receive the death benefit and any guaranteed additions. This can help your family financially secure during a difficult time.

    • Easy Entry, Easy Access: Premiums start as low as ₹500 per month, making it an affordable option for everyone. You can choose to pay your premiums monthly, quarterly, half-yearly, or yearly to fit your budget.

    • Loyalty Boosters: Get 10% of your premiums as a loyalty addition along with your maturity benefit. This is a great way to boost your savings and grow your wealth even faster.

    Plan at Glance

    Parameter Option 1 
    Entry Age  Minimum – 3 months
    Maximum – 50 years (45 years for Regular Pay)
    Maturity Age  Minimum – 18 years
    Maximum :
    For POS Channel - 65 years
    For Other Channels –
    For Limited and Single Pay: 70 years
    For Regular Pay: 65 years
    Policy Term &  & Premium Payment Term For Single Pay: Policy term - 5/7/10/15/ 20 years
    For Regular Pay (Premium payment term is equal to Policy Term): 5/ 7/ 10/
    15/ 20 years
    Premium For Regular and Limited Pay:
    For Monthly Mode: ₹500
    For Half-Yearly Mode: ₹3,000
    For Annual Mode: ₹6,000
    For Single Pay: ₹25,000
    Premium Payment
    Mode
    Yearly, Half-yearly and Monthly and Single

People also read: ULIP Calculator

Conclusion

Bandhan Life ULIP plans provide a well-rounded platform for wealth creation while ensuring financial protection. However, a thorough understanding of market risks and your individual circumstances is crucial before making an informed decision.

Bandhan Life ULIP Plans Plans – FAQs

  • Why choose Bandhan Life ULIP plans?

    • Cost-efficient: Zero premium allocation charges and free top-ups maximise your investment.

    • Flexibility: Choose investment strategies, funds, and death benefit options.

    • Convenience: Purchase online and manage easily.

    • Loyalty bonuses: Get bonus additions to your fund value from the 12th year onwards.

  • Can I switch between funds?

    Yes, Bandhan Life plans allow free fund switches (usually up to 4 per year).
  • How are death benefits paid out?

    You can choose how death benefits are paid: sum assured, higher of sum assured and policy value, or customised options.
  • How to pay premium? What are the modes of payment available?

    There are six modes of payment as offered by Bandhan Life Insurance:
    • Online
      • Credit Card
      • Internet banking
    • Pay via phone app
    • ECS
    • EBPP
    • Pay at Bandhan Life branches

    There is also an option of paying via cash or cheque personally in any of the branch offices in your city. IVR method of payment is possible where one needs to keep in handy the credit card information along with date of birth.

  • How can I check policy status for Bandhan Life ULIP plan?

    You can check policy status via online.

    For online log into the website with your Customer ID and password to check the policy status.

  • What is the policy renewal process for Bandhan Life ULIP plan?

    You can renew your policy online by login into the e-portal - with valid details- policy number and policyholder’s date of birth.

    For offline mode, you can approach any of the branch office to drop your cheque.

  • What is the company’s process to settle claim for Bandhan Life ULIP plan?

    We offer elicit three step processes for claim settlement which includes the following:
    • Claim intimation and registration.
    • Payment of fund value
    • Settlement Payout

    E settlement facility via NEFT mode option is also available with us.

  • What is the policy cancellation process for Bandhan Life ULIP plan?

    In case you are not satisfied with an existing policy, you can fill the surrender form along with the policy documents and submit it in any of the branch office, along with the cancellation charges. The policy cancellation takes 30 days to process and the refund will be submitted in your bank account.

    For new policyholders, a grace period of about 15 days is given, wherein you have the option of cancelling the policy and receiving back the premium.

    In either case the Unit price is calculated as per the current market value of NAV if the documents are submitted before 3:00 PM, else the next day’s NAV value is applied to calculate the refund.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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