Bandhan Life iGuarantee Max Savings Plan

Eligibility Criteria for Bandhan Life iGuarantee Max Savings Plan

Features of the Bandhan Life iGuarantee Max Savings Plan

The main features of the Bandhan Life iGuarantee Max Savings Plan are as follows:

•  Guaranteed Increase of Savings: Helps to set up a lump sum corpus to achieve financial goals.
•  Life Insurance Protection: This gives the family financial stability during the policy.
• Flexible Premium Payment: Choose the term of payment and the premium payment period that is convenient.
• Affordable Premiums: Premiums as low as ₹500 per month. As market conditions evolve, learning about the best investment plans in 2026can guide you toward stable and profitable opportunities
•  Guaranteed Additions: The maturity benefit is increased by accruing additions.
• Loyalty Additions: These are extra benefits at maturity, which are policy-based.

This plan is suitable for individuals who prefer guaranteed returns without exposure to market-linked risks.

Benefits of Bandhan Life iGuarantee Max Savings Plan

The benefits of Bandhan Life iGuarantee Max Savings Plan include:

• Maturity Benefit: On surviving to maturity, the policyholder is guaranteed to get a lump sum that includes the base sum assured, guaranteed additions, and loyalty additions.
• Death Benefit: Death benefit is given to the nominee in the event that the policyholder dies during the policy period, and the death benefit is given along with the guaranteed additions as indicated in the terms of the policy.
• Financial Goal Planning: This assists with such goals as retirement savings, the education of your children, or wealth building.
•  Flexible Coverage: Policyholders will be able to choose their coverage based on the period of the policy and the premium they want to pay. Bandhan Life Traditional Plans are designed to offer affordable premiums with comprehensive coverage to suit all stages of life.

Riders Under the Bandhan Life iGuarantee Max Savings Plan

Accidental Death Rider: In case the life assured dies as a result of an accident within 90 days of the accident taking place, provided that the rider and the underlying policy are in existence, a supplementary amount is guaranteed. 

Policy Details of Bandhan Life iGuarantee Max Savings Plan 

• Grace Period: The grace period is 15 days for monthly premiums and 30 days for other payment modes.
•  Revival: A lapsed policy may be revived within the insurer's specified revival period, subject to payment of outstanding premiums and underwriting approval.
• Free Look Period: The policyholders may give up the policy within 30 days of receiving it if they are not satisfied with the terms.
•  Surrender: The policy's surrender value is determined by the policy's terms, and the payable amount is the greater of the guaranteed and special surrender values.

Exclusions Under the Bandhan Life iGuarantee Max Savings Plan

Suicidal Cover

The rider benefit will not be paid in the event that accidental death occurs as a direct or indirect result of suicide and self-inflicted injury, war, crime, intoxication, or risky sports.