Bandhan Life’s iGuarantee Vishwas, iInvest II, and Shubh Samriddhi –innovative savings and wealth-buildinginsurance plans-will be available at51 Bandhan Bank branches across Siliguri
• Bank customers can get a policy issued in a few minutes
• More products to be launched in the coming weeks
• Nationwide availability of all products by the end of 2024
Siliguri, November 20, 2024: Bandhan Life, a leading life insurance provider, is thrilled to announce the expansion of its strategic partnership with Bandhan Bank into Siliguri. This significant move is a part of Bandhan Life’s ongoing national rollout, following successful launches in Kolkata and Delhi.
Customers across Siliguri can buy Bandhan Life’s insurance products at 51 Bandhan Bankbranches:
1. Bandhan Life iGuarantee Vishwas: A savings life insurance plan offering guaranteed returns up to 2.5 times the premiums paid, along with life cover of 10 times the premiums paid. Ideal for achieving major life goals like funding education, buying a home, or planning a dream vacation.
2. Bandhan Life iInvest II: A unit-linked insurance plan (ULIP) providing market-linked returns and substantial life cover of up to 20 times the annual premium. Offering cost-effective premiums, this plan allows customers to customise their investment strategies and enjoy partial withdrawals after five years. The plan features top-performing, 5-star and 4-star rated funds* that have consistently outperformed industry benchmarks.
3. Bandhan Life Shubh Samriddhi: A non-linked, participating life insurance savings plan that offers long-term savings and life coverage. It provides flexible options for accumulating or receiving cash bonuses from the first policy year, helping policyholders meet financial goals such as education or retirement. Key benefits include a lump sum payout at maturity, life insurance cover until age 100, and customizable cash bonus payouts. In case of death, the nominee receives a lump sum death benefit, inclusive of the Sum Assured on Death and a Terminal Bonus (if declared). With premiums starting as low as INR 2,175 per month, this plan offers affordable financial security and protection for the policyholder’s family.
Bandhan Bank customers in Siliguri can now obtain these tailor-made life insurance policies in a few minutes, thanks to Bandhan Life’s technology-driven solutions.
Indranil Dutta, Chief Business Officer-Bancassurance at Bandhan Life, said, “Launching in North Bengal and parts of Bihar is a significant milestone for us. Our products are designed to empower customers in the region with financial security and peace of mind at every stage of life. With technology and simplicity at the forefront, we are making the insurance process faster and more convenient. Alongwith Bandhan bank, this expansion is a key step in our mission to make insurance accessible to every household across the nation.”
*Rated by Morningstar
About Bandhan Life:
Bandhan Life (formerly Aegon Life) is more than just an insurance company—we are a commitment to India’s future. With nearly 95% of the population lacking adequate life cover, millions of Indian families remain vulnerable to financial insecurity. Our mission is to make life insurance accessible and appealing to everyone, turning it from something people avoid into something they actively seek. By leveraging state-of-the-art technology, we’re not just breaking new ground in the insurance industry—we’re making our services more accessible, user-friendly, and tailored to the unique needs of Emerging India. With our promise of “Bharat ki Udaan, Bandhan Se,” we are dedicated to narrowing the protection gap in India, ensuring that no one is left unprotected. At Bandhan Life, securing your future means more than insurance—it means inspiring confidence and certainty in every moment of life. With us, you’re not just insured; you’re empowered to live life to its fullest, backed by our unwavering commitment to financial security and trust.
For more information, visit www.bandhanlife.com.
