Bandhan Life Premier Endowment Insurance Plan

Introduction/Overview
Bandhan Life Premier Endowment Insurance Plan is a traditional
Endowment Assurance Plan which facilitates savings while at the same time providing life insurance benefits.

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13.2 Crore
Registered Consumer
53
Insurance Partners
6.29 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Key Features

  • It is a participating plan with Single pay, regular pay and limited pay premium payment option
  • Guaranteed Additions are added during the Premium Paying Term (known as PPT)

Benefits

  • Guaranteed Additions @ 5% of the SA are added during the PPT
  • On death of the policyholder, Sum Assured on death + accrued Guaranteed Additions + vested Bonuses are paid to the policyholder subject to a minimum of 105% of all premiums paid
  • SA on death for limited and regular pay plans is higher of 10 times the annual premium paid or SA chosen. In case of Single Pay plans, higher of 1.25 times the premium or SA if age is less than 45 years or higher of 1.10 times the premium or SA if age is greater than equal to 45 years is paid
  • On Maturity, 100% of the SA + accrued Guaranteed Additions + Accrued vested bonuses + Terminal Bonus, if any is paid
  • 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)

18 years

55 years

Maturity Age (Last Birthday)

-

60 years

Policy Term (PT) in years

10

Premium Paying Term (PPT) in years

8

Premium Paying Frequency

Annual, half-yearly, monthly

Premium

Regular & Limited Pay - 20,000

Single Pay – 100,000

300,000

Sum Assured

10 * Annual Premium

 

Details About Premium

Annual premium in Rupees and Benefit Illustration for a male aged 35 years

Term

15 years

PPT

10 years

Premium

50,000

SA

303,232

Accrued Guaranteed Additions

151,616

Maturity Benefit @ 4%

605,099

Maturity Benefit @ 8%

776,426

Policy Details

Grace Period: 15 days’ grace period is allowed for premium payment in monthly mode and 30 days in other modes. If policyholder fails to make payment within the grace period, the policy lapses

Policy Termination or Surrender Benefit: the policy acquires a Surrender Value if 2 / 3 full year’s premium has been paid. The Surrender Value will be higher of the Guaranteed Surrender Value or the Special Surrender Value.

GSV = (GSV% * total premiums paid) + (GSV % * Accrued bonuses + accrued Guaranteed Additions)

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.

Inclusions

Loan is available under the plan after 3 full years’ premiums have been paid subject to a minimum of Rs.5000 and maximum of 60% of the Surrender Value

Exclusions

In case of suicide committed within 12 months of policy inception only 80% of premiums paid are returned to the nominee. In case of suicide within 12 months of revival, higher of 80% of premiums paid or acquired Surrender Value is paid

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 1298 Reviews)

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Bandhan Life Premier Endowment Insurance Plan Reviews & Ratings

4.6 / 5 (Based on 1298 Reviews)
(Showing Newest 10 reviews)
Preeti
Hyderabad, January 27, 2026
Smart Savings Smart Choice
Reliance Nippon Life Smart Savings Insurance Plan purchased through PolicyBazaar is a smart choice for long term savings. The plan features are comprehensive ensuring financial security. Kudos to PolicyBazaar for their impressive service.
Akash
Chennai, January 27, 2026
Optimizing Wealth Optimizing Future
Opting for Kotak Mahindra Wealth Optimise through PolicyBazaar was a strategic choice. The plans features are exceptional providing a diverse range of investment options. PolicyBazaars service exceeded my expectations.
Sangeeta
Bengaluru, January 27, 2026
Wealth Accumulation Simplified
SBI Life Smart Wealth Builder made easy by PolicyBazaar gives you easy way to make more money. The plan has strong stuff keeping your future safe. PolicyBazaar did very good service.
Deepak
Udaipur, January 27, 2026
PolicyBazaar Setting the Standard for Service
PolicyBazaars service set a high standard. Their teams knowledge and assistance in choosing the right ULIP plan were exemplary. A top notch experience overall.
Neha
Vadodara, January 27, 2026
A Trustworthy Advisor
PolicyBazaar acted as a trustworthy advisor in helping me select the right ULIP plan. Their teams expertise and professionalism were commendable. Highly satisfied.
Vikram
Surat, January 27, 2026
Service Par Excellence
The service provided by PolicyBazaar was par excellence. Their team went above and beyond to help me choose the right ULIP plan. Kudos to the PolicyBazaar team.
Ananya
Mumbai, January 27, 2026
The Epitome of Customer Service
PolicyBazaars customer service is exemplary. Their team assisted me in selecting the perfect ULIP plan making the entire process seamless. Highly impressed.
Nisha
Amritsar, January 27, 2026
ICICI Pru Signature Signature Investment for Future
Choosing ICICI Pru Signature through PolicyBazaar was a signature move. The plans features are exceptional providing diverse investment options. PolicyBazaars service was outstanding.
Alok
Jaipur, January 27, 2026
Maximized Savings Minimum Hassle
Opting for Max Life Online Savings Plan via PolicyBazaar was a great decision. The plans features are outstanding and PolicyBazaar service is top notch. Highly recommended.
Sunita
Chandigarh, January 27, 2026
A Click to Secure Future
HDFC Life Click two Invest bought through PolicyBazaar provides a secure investment avenue. The plan features are comprehensive and user friendly. PolicyBazaar service was commendable throughout.

˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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