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Joint Life Plan

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Life Insurance

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Joint Life Plan
Suitabile
This is an ordinary joint life plan where two or more lives are covered. Apart from husband and wife taking the policy, partners in business can also take a policy under this plan, to cover the refund of capital in the event of death of one of the partners.

Salient Features

Sum assured is payable on first death of either of the lives assured or expiry of the term which ever is earlier.
Premium ceases on death of the either of the lives assured, or expiry of the selected term which ever is earlier.
Apart from husband and wife, partners in business can take these policies.

Benefits
On both partners surviving till date of maturity

Basic Sum Assured + Bonus is payable.

On Death of first Partner
Basic Sum Assured + Bonus is payable to the surviving partner.

Other Conditions

Minimum sum assured: Rs.10,000.
Minimum premium must be Rs.800 per annum
Minimum age at entry: 20 years
(mean age )(both major).
Maximum age at entry: 50 years(mean age).
Maximum maturity age: 70 years.

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