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Bandhan Life Easy Protect Insurance Plan

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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Key Feature

It is a term insurance plan
In this plan, there is Regular Pay premium paying options.

Benefits

This is a non-medical term plan
On death of the policyholder, Rs. 10,000 is paid every month for 10 years subject to a minimum of 105% of all premiums paid.
Being a pure term plan, there is no maturity benefit in this plan
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

	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

Details about Premium

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

Policy Details

Grace period: 30 days grace period is allowed for payment of premium.
Policy termination or Surrender Benefit: the policy does not acquire Surrender Value.
Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Exclusion

In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history and provide self-attested copies of KYC/AML Documents.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.

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

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

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