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Life Insurance

Protect yourself and your family from life’s uncertainties with wide range of Life Insurance products of Bajaj Allianz Life Insurance Co Ltd and HDFC Life Insurance Co Ltd., distributed by Bandhan Bank. Choose a product based on your life stage, your requirement, and your investment income.
Choose from among traditional endowment plans and term plans. The policies offer great flexibility in premiums, policy terms and benefits, and you will find a Life Insurance product that matches your needs.


Bajaj Allianz Income Assure:

Bajaj Allianz Income Assure is a non-linked, participating, limited premium payment, monthly income endowment plan. The plan has two variants, namely “Income” & “Assure”, based on how the death benefit will be paid (either as a monthly income or as a lump-sum), and the variant has to be selected at the inception of the policy and cannot be changed later.


Key Benefits:

  • Guaranteed Monthly Income for 144 months
  • Lumpsum Maturity Benefit paid after 144 months of monthly income pay out
  • Monthly Income Benefit paid to nomine for 144 months also in case of Death of Life Assured (Income variant)
  • Flexibility of limited premium paying term for the customer
  • Tax benefits as per prevailing tax laws

Bajaj Allianz Invest Assure

Bajaj Allianz Invest Assure is a plan that assures protection for the holder’s family by providing financial benefits. It is a non-linked, participating, limited premium payment endowment plan.


Key Benefits:

  • Lumpsum Maturity Benefit
  • In-case of death, 2 times of Sum Assured is paid to the nominee along with all applicable bonuses
  • Riders can be included for extra protection
  • Flexibility of limited premium paying term for the customer
  • Nominee has the option to take death benefit in monthly instalments or Lumpsum
  • Tax benefits as per prevailing tax laws

Bajaj Allianz POS Goal Suraksha

Bajaj Allianz Life POS Goal Suraksha is an easy to buy, non-linked non-participating limited premium payment non-medical POS endowment plan that secures the holder and his/her family against all odds with a guaranteed sum at maturity.


Key Benefits:

  • Guaranteed maturity benefit
  • Offers Guaranteed Additions at maturity
  • Limited premium payment term
  • Option to take policy loan
  • Tax benefits as per prevailing tax laws

Bajaj Allianz iSecure

Bajaj Allianz iSecure is a non-linked, non-participating, individual, life, regular premium level cover pure Term plan that secures holders family’s financial needs.


Key Benefits:

  • Advantage of level term cover at low cost
  • Rewards for maintaining a healthy life-style, if applicable, with special premium rates for non-smokers and for medically fit non-smokers
  • Selection of policy term of 10, 15, 20, 25 or 30 years depending on requirement
  • Inclusion of spouse at a later date in existing policy, if holder is single at present
  • Nominee has the option to take death benefit in monthly instalments or Lumpsum
  • Tax benefits as per prevailing tax laws

Bajaj Allianz e-Touch

Bajaj Allianz e-Touch is a non-linked, non-participating, regular premium payment Pure Tem plan with protection against Accidental Total Permanent Disability and Waiver of Premium benefits


Key Benefits:

  • Cost effective comprehensive Term plan
  • In built Cover against Accidental Total Permanent Disability
  • In built Waiver of Premium in case of Accidental Total Permanent Disability
  • Tax benefits as per prevailing tax laws
  • Nominee has the option to take death benefit in monthly instalments or lumpsum

Bajaj Allianz Lifestyle Secure

Bajaj Allianz Lifestyle Secure is a non-participating, regular premium payment Term Assurance plan with inbuilt Accelerated Terminal Illness benefit


Key Benefits:

  • Security for the family with regular income
  • Inbuilt Accelerated Terminal Illness risk cover
  • No medical examination/ tests required
  • Nominee has the option to take death benefit in monthly instalments or Lumpsum
  • Tax benefits as per prevailing tax laws

HDFC Life Sanchay Plus

HDFC Life Sanchay Plus is a non-participating, non-linked, savings insurance plan that offers guaranteed returns to the for holder and his / her family.


Key Benefits:

  • Guaranteed maturity benefits.
  • Guaranteed benefits as a lump sum or as regular income
  • Life Long Income option – Tax Free Guaranteed income till age 99 years
  • Long Term Income option – Tax Free Guaranteed Income for a fixed term of 25 to 30 years
  • Optional Riders – Enhance your protection coverage with rider options

HDFC Life Click2Protect 3D Plus

HDFC Life Click 2 Protect 3D Plus is a non-linked, non- participating Term Insurance plan. which ensures protection against the 3 eventualities of life - Death, Disability and Disease.


Key Benefits:

  • Customisation of plan with a choice of 9 plan options
  • Whole of Life Cover with Life Long Protection & 3D Life Long Protection options
  • Flexibility to choose policy and premium payment terms
  • Increase insurance cover on key milestones with Life Stage Protection feature
  • Waiver of future premiums on Accidental Total Permanent Disability
  • Insurance against 3Ds - Death, Disease & Disability

Commission disclosure

As per RBI circular: RBI/2009-10/225 dated November 16, 2009, following are the details of commission which Bandhan Bank is eligible to earn from Bajaj Allianz Life Insurance Company Ltd, HDFC Life Insurance Company Ltd and Kotak Life Insurance Company Ltd. on the sale of Life Insurance Products in its capacity as Corporate Agent in line with IRDAI (Payment of Commission or Remuneration or reward to insurance agents and insurance intermediaries) Regulations, 2016 and applicable circulars:


Commission from Life Insurance


Category
First year commission

2nd year renewal commission

 

Minimum Maximum Minimum Maximum

Protection

2% 40% 0% 7.50%

Savings and Investment

10% 35% 0% 7.50%

Group Product*

0%

5%

0%

0%

Note: The commission varies depending upon the product in each category, tenure, amount of premium and premium paying term
*For group products, commission payable is 5% of the premium with a ceiling on the maximum pay out as defined by Insurance Regulatory and Development Authority of India (IRDAI) from time to time.

Disclaimer:

For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale. Insurance is underwritten by Bajaj Allianz Life Insurance Co Ltd (BALIC) having Registered office at GE Plaza, Airport Road, Yerawada, Pune 411006, IRDA Reg. No. 116 Toll Free no: 1800-209-7272, CIN (U66010PN2001PLC015959) and HDFC Life Insurance Co Ltd. (HDFC Life) having Registered office at Lodha Excelus, 13th Floor, Apollo Mills Compound. N .M. Joshi Road, Mahalaxmi, Mumbai - 400 011, IRDA Reg. No. 101, Toll Free no. 1860-267-9999, CIN (U99999MH2000PLC128245)

Bandhan Bank Limited (Bandhan Bank) with registered office at DN 32, Sector-V, Salt Lake, Kolkata 700001 (CIN: U67190WB2014PLC20462) is a Corporate Agent (Composite, IRDAI Regn No.: CA0530 valid till 19th November 2020) of BALIC and HDFC Life. Insurance is underwritten by BALIC and HDFC Life  Purchase by Bandhan Bank’s customer of any insurance products is purely voluntary, and is not linked to availment of any other facility from Bandhan Bank

 BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

  • 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.