Life is uncertain. You can never know what can happen to you in the future. So, it's to secure your life with a term insurance plan. It provides sufficient coverage at low premiums and is easy to avail. If you are looking to purchase a term insurance plan from Bandhan life insurance, consider using the Bandhan life term insurance premium calculator. It will help you know how much premium you should pay. This article will provide all the details about the Bandhan premium calculator. Take a look.
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Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
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We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.
How to Use the Bandhan Life Term Insurance Premium Calculator?
When calculating the premium, there are many things to consider, including your income, age, and lifestyle. However, the steps below will help you calculate how much you should pay for the insurance. A term insurance calculator will help you determine how much premium you need to pay, based on the amount of coverage you choose.
You need to follow the below-mentioned steps to use the Bandhan life term insurance premium calculator:
Visit the official website of Bandhan life Insurance and select ‘Plans’
Then choose ‘Calculators’
Provide your personal information like name, age, yearly income, date of birth, mobile number, gender, and whether you smoke or not.
Enter the sum assured (the amount you want your beneficiary to claim) of your plan.
Click on ’Know Your Premium’
Select the coverage tenure (50 or 80 years)
The term plan calculator will then suggest plans with different premium rates based on the information you provide.
Choose the plan that suits your requirements and then click ‘Continue’ to Buy.
Term Plans
₹1 Crore
Life Cover
@ Starting from ₹ 16/day+
₹50 LAKH
Life Cover
@ Starting from ₹ 8/day+
₹75 LAKH
Life Cover
@ Starting from ₹ 12/day+
Benefits of Bandhan Life Term Insurance Premium Calculator
There can be many reasons why you need an Bandhan term insurance premium calculator. You may need to be convinced that the premium charges are justified against the sum assured. There are other benefits of using this calculator; these are listed below:
Comparison of different plans: You can compare different plans: You can use the Bandhan life term insurance premium calculator to compare different plans offered by an insurer, including the cost for each type of plan, the sum insured amount, riders, and so forth.
Cost-effective: The plans are cost-effective: The insurer offers an online purchasing option after comparing the plans. Online plans are usually cheaper than offline plans. The Bandhan premium calculator allows you as a potential policy buyer to choose a reasonable option.
Saves time: The Bandhan life term insurance premium calculator helps save a lot of time by computing the exact amount of premium payable by you in a few clicks.
Convenience: Online premium calculators eliminate the need to send documents or speak with agents. It takes just a few minutes to complete the simple task of policy purchase.
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₹1 CRORE
Term Plan Starting @
Get an online discount of upto 10%#
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Need for a Premium Calculator
An agreement between an insurer and an insured is an insurance policy. The insurer promises to cover the insured's risk in exchange for a nominal premium. The premium paid by an insured to an insurer is dependent on many factors. It can vary from one insurer to another. It is almost impossible to calculate the premium that a person will pay. Bandhan term calculator helps prospective policyholders determine how much they will have to pay for their selected plan.
Wrapping Up
The Bandhan life term insurance premium calculator is an easy tool to determine how much your term insurance premium will cost on a monthly, quarterly, or yearly basis. This tool will allow you to plan and determine when you can invest in a term plan. Moreover, this premium calculator is quick and accurate, providing exact information about the premium payable.
Is it free to use the Bandhan life term insurance premium calculator?
A. Yes, it is completely free to use Bandhan life term insurance premium calculator. All you have to do is go to Bandhan's term insurance calculator website, provide necessary details (name, email, mobile number, etc.) and choose the sum assured. When you click on the calculate button, it will provide you with the premium estimate.
How to use a term life insurance calculator?
A. You can use it 3 simple steps:
Step 1: Provide your personal information
Step 2: Enter the sum assured you wish to avail
Step 3: Provide details about approximate income increase per annum.
You can then compare different plans and select the one that fits your requirement.
What are the benefits of using the Bandhan term calculator?
A. You can get an exact idea of the coverage you will get and the premium amount you will have to pay. This will help you make an informed decision and plan your budget accordingly. You can also discuss any questions you have regarding the premiums with your agent. If you opt to buy term insurance without using a calculator, you may have to pay more than you should.
How is term insurance coverage calculated?
A. Consider using this simple formula to estimate your income replacement amount: (Present yearly income) x (Total years till you retire) = Coverage you need. Example: Let us assume that you are 40 years old. You earn 15 lakh rupees annually, and you want to retire at 60 years of age. So, an ideal cover for you could be (15 lakh rupees) x (20 years left till retirement) = 3 crore rupees.
†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
The LIC New Bima Gold Calculator is an online tool offered by the Life Insurance Corporation of India (LIC). It
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Bandhan Term Insurance Calculator Reviews & Ratings
4.3 / 5 (Based on 41 Reviews)
(Showing Newest 10 reviews)
Prabhjot
Hyderabad, September 23, 2016
★★★★★
Bandhan Insurance Policy
After long search, finally got the policy of my choice through Bandhan Life insurance company ltd. Premium is less and the coverage is pretty much high as compare to investment. Claiming process is easy as it done without paperwork through online services.
Vikram
Kadipur, August 04, 2016
★★★★★
Term plan
The term insurance policy i buy from Bandhan Life insurance is fantastic and it has very good terms and conditions. The policy plan has less premiums and the claims are easy to get by clicking few buttons using website of the company which is very simple to operate. The online renewals is also possible.
Prashant
Pune, April 25, 2016
★★★★★
Best Plan
I like, This term plan it is much better plan in market
Nikhil
Bengaluru, February 14, 2016
★★★★★
Good plan.
You are providing very good service to the customers regarding anything about the insurance. Even the response is within a day or two for any request made by the customer. I do have the term plan for around 29 lakhs. You collect the cheapest premium amount compared with any other Insurer. Good policy.
Plan Name: iTerm
Agent Code: BPW01901
SUSHMA
Chandigarh, February 14, 2016
★★★★★
Good.
You are good in the service provided regarding the Life Insurance. You aren't prompt in the service. Policy coverage and claims are high and premium is less. I have Term plan with you religare insurance.
Plan Name: iTerm
Agent Code: BBE05845
Amit
Ghaziabad, February 14, 2016
★★★★★
"Average Basic Plan"
Bandhan religare insurance is providing me a policy which is an average plan. Low inputs with less outcomes. Claims is ~Rs.17 lakh, Policy coverage low. Service is fine but not much like it can be. Improve your policy services and terms. Thank you.
Plan Name: iTerm
Agent Code: BPW00130
Abhinav
Faridabad, February 14, 2016
★★★★★
good policy plan
Policy i have is from religare that provide me very good terms i.e., high coverage with low premiums. Claims are around Rs.22.7 lakh. Service is okay with home assistance. Nice work
Plan Name: iTerm
Agent Code: BPW01888
Utpal
Vadodara, February 14, 2016
★★★★★
Less coverage
My life policy has less coverage. Claim is good around 19 lakh and the service is also nice. Bandhan religare you really need to improve your policy coverage. Other insurer provides good service, so please do something.
Plan Name: iTerm
Agent Code: BBE05865
Aditya
Gurgaon, February 14, 2016
★★★★★
Nice Policy
I have great policy with really good service. Investment is Rs.2500 and return is Rs.28 lakh. Service is fast without any long waiting in queue. Just improve your website and mail daily updates.
Plan Name: iTerm
Agent Code: BBE05845
Swati
Mumbai, February 14, 2016
★★★★★
Perfect plan...
I have policy plan with Bandhan religare. Policy have low investments and high returns. Claims are around 22 lakh and the policy coverage is 92%. Service is on time with good behaviour.
Plan Name: iTerm
Agent Code: BPW01888