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Bandhan Life Easy Protect Insurance Plan is a term insurance plan where the death benefit is not paid in a lumpsum but paid in monthly installments so that the income needs of the family are met in the unfortunate death of the policyholder.
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|
|
Minimum |
Maximum |
|
Entry Age (Last Birthday) |
20 years |
50 years |
|
Maturity Age (Last Birthday) |
- |
60 years |
|
Policy Term (PT) in years |
10 |
|
|
Premium Paying Term (PPT) in years |
Equal to policy term |
|
|
Premium Paying Frequency |
Annual |
|
|
Yearly Premium |
2021 |
No limit |
|
Sum Assured |
12,00,000 |
|
Premium in Rupees and benefit illustration for Death Benefit Option 2
|
Age |
35 years |
|
Sum Assured |
12 lakhs |
|
Premium |
2714 |
|
Policy Term and PPT |
10 years |
|
Benefit payable on death |
10,000 per month for 10 years |
In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and provide self-attested copies of KYC/AML Documents.
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†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. 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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