Joint Life Endowment Assurance

joint life insurance plan

Under this plan policies are issued on the lives of two persons and simultaneously cover risk on the lives of both for the sum assured. The sum assured is payable either at the end of specified term 10, 15, 20, 25, 30 and 35 or at earlier death of either of the insured persons. The premiums are payable till the end of the specified term or till death of either of the insured persons if earlier.

  • Death Benefit (payable on first death): 100% of sum assured plus accumulated bonuses
  • Maturity Benefit: 100% of sum assured plus accumulated bonuses