iTerm Prime
Bandhan Life's flagship term plan, with cover from ₹25 lakh and no stated upper limit. Its distinctive feature is how the term is set: instead of picking a fixed number of years, you choose a ceiling age and the term is calculated from your entry age, up to 85 less your age at entry.
The things that decide it
iTerm Prime in one table
| Insurer | Bandhan Life Insurance Limited |
|---|---|
| Sum insured | ₹25 lakh upwards with no stated ceiling, subject to the Board Approved Underwriting Policy. Through the POS channel the sum assured moves in multiples of ₹50,000. |
Claim settlement and complaint figures are IRDAI-published and held centrally by NYVO, not taken from the insurer's marketing.
What iTerm Prime does, and what it does not
Term insurance is a narrow product, so the useful question is not how this plan scores against a benchmark - it is what it pays for and what it leaves out. Both lists come from Bandhan Life's own documents.
- Cover from ₹25 lakh with no stated ceiling
- Term set by a ceiling age rather than a fixed number of years
- Cover can run to age 85
- Also sold through the POS channel, on tighter limits
- Maturity benefit - nothing is paid if you survive the term
What this plan will not pay for
Every policy carries exclusions, and they are the clauses people read for the first time at claim stage. These are the ones worth knowing before you buy.
Not covered
Indicative, not exhaustive. Your policy wording is the contract.
- Suicide within 12 months of policy commencement or revival - the payout is limited to a return of premiums, per the standard clause. Read the policy wording for the exact percentage.
Where iTerm Prime falls short
No plan is right for everyone, and a page that only lists strengths is not much use to you. These are the gaps we would raise on a call before recommending it.
Worth knowing before you buy
None of these are dealbreakers on their own. They are the trade-offs this plan asks you to accept.
- Bandhan Life draws 39.67 complaints on the owner's 2022-25 table. Its settlement ratio is among the highest in the industry at 99.6%, but those two numbers measure different things - claims get paid, and the process still generates well above-average complaints.
- The POS channel version is a materially smaller plan: the cover ceiling drops to 65 less your entry age. Check which channel you are being sold through.
- The term is derived from a ceiling age rather than chosen directly, which makes it harder to line up against a fixed-term quote from another insurer.
- No maturity benefit. Survive the term and nothing comes back.
Read it from the insurer
We summarise. The policy wording is the contract, and it is the only document that settles a dispute. These links go to the insurer's own pages.
Is iTerm Prime the right plan for you?
A salaried, IRDAI-certified NYVO advisor will look at what you already have, tell you where this plan fits and where it does not. Free, and with no obligation to buy.
Book a free call →NYVO is an IRDAI Registered Corporate Agent (Composite), licence number CA1085. This page is general information about a product, not personal insurance advice. Plan terms are summarised from the insurer's documents – the policy wording governs.
