Max Savings

• Policy Term: The policy term refers to the specific duration during which the policy remains in force.

• Surrender Value: The amount that is payable to the policyholder if they choose to surrender the policy before the completion of the policy term which will be the higher of the Guaranteed Surrender Value or the Special Surrender Value.

• Grace Period: The period beyond the Premium Due Date when the policy is treated as In-force, but the Policyholder is still liable to pay the outstanding premium.

 

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Product Disclaimer

Bandhan Life iGuarantee Max Savings(UIN: 138N083V02) is a Non-linked Non-Participating Life Insurance Individual Savings Plan. For more details on risk factors, terms & conditions please read sales brochures and benefits illustrations carefully before concluding a sale.

 

Total Premiums means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

 

Loyalty Additions will accrue only if the policy is In-force (all due premiums have been paid) and not in Paid-Up status. Loyalty Additions = 10% of (Annualized Premium X Policy Term).

 

In case of any observations during Video Medicals, physical medicals will be required and premiums rates may vary. Home visits are subject to availability in your location.

 

Tax benefits are subject to changes in tax laws. The Company does not assume responsibility on tax implication mentioned anywhere in this page. It is recommended to obtain professional advice for applicability of tax benefits.

 

^As per the latest annual audited figures, Individual Death Claim Settlement ratio for FY 2022-23 is 99.37%.

 

All ages above applicable as on last birthday

 

Maximum entry age for Regular Pay is 45 years and for Limited Pay is 50 years. This is applicable for Limited Pay; for Regular Pay, maximum maturity age is 65. In case of POS Channel, maximum maturity age is 65 years.

Additional Disclaimer

Participation to buy insurance is purely voluntary. The contract of Insurance is between Bandhan Life Insurance Limited and the Insured and not between Bajaj Finserv and the Insured.

 

This policy is underwritten by Bandhan Life Insurance Limited. This a Non-linked Non-Participating Life Insurance Individual Savings Plan. All terms and conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for sub-standard lives, smokers or people having hazardous occupations, etc. The insurance cover for the life insured will commence on the policy issue date.

 

Life Insurance Coverage is available in this product. Please know the associated risk and applicable charges from your insurance agent or the intermediary or policy document of the insurer

 

For any information including cancellation, claims and complaints, please contact our Insurance Advisor/Intermediary or call 1800-209-9090 (9am to 7pm, Mon to Sat) or write to us at customer.care@bandhanlife.com. Visit us at: www.bandhanlife.com

 

Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Bandhan Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.

 

The brochure is not a Contract of Insurance. The precise terms and conditions of this plan are specified in the Policy contract

 

Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs and the Surrender Value payable may be less than the all the Premiums Paid.

 

This plan is also available for sale through online mode. This product brochure should be read along with Benefit Illustration.

 

Bajaj Finserv Direct Limited is a registered corporate agent of Bandhan Life Insurance Limited For Bajaj Finserv Direct Limited, IRDAI Registration Number CA0551 and does not underwrite the risk or act as an insurer.