Participating in the debate over the bill, senior Congress leader Adhir Ranjan Chowdhury said she gave her life while securing the passengers.
Saugata Roy (TMC) said she was a courageous lady and a film was also made on her recently.
Supporting the bill, B N Goud (TRS) said that proper mechanism should in place for compensating the victims.
Remembering Bhanot, he said Pan Am was a US-based company and they had not provided any compensation to Indian crew members.
She became the youngest recipient of India's highest peacetime military award for bravery, the Ashok Chakra.
