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 Bank branches:
- 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. - 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. - 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. Along with Bandhan bank, this expansion is a key step in our mission to make insurance
accessible to every household across the nation.”
