Q1 – What is Joint Life Plan ?
Joint Life Plan is a selected term maturity single policy on the life of husband and wife; wherein risk is covered of both lives simultaneously for a fixed Sum Assured.
Q2 – How much is the Premium ?
Single Premium is charged for covering the risk of both lives. Being an endowment plan this is Saving-Cum-Risk Plan for a fixed term.
Q3 – What are the main benefits?
Q4 – What is disadvantage ?
Since risk on both lives is covered in a single policy the premium is quite high. If both lives survive till the maturity of the policy they would be looser.
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