JOINT LIFE ASSURANCE (Yugal Suraksha)

Main Features:-

• It is a joint-life Endowment Assurance in which one of the spouses should be eligible for PLI policies.
• Life insurance coverage is provided to both the spouses to the extent of sum assured with accrued bonus with only one premium.
• A spouse need not be an employee.

Minimum.& Maximum Age at Entry:-

• Mini. age at entry is 21 years and the maxi. age at entry is 45 years on next birthday.

Terms:-

• Flexible Premium between 5 years to 20 Years. Minimum 5 years and maximum 20 Years.

Sum Assured:-

• The minimum Sum Assured is Rs 20,000 and the maximum Sum Assured is Rs50 lacs. Additional sum assured in multiple of Rs 10,000/-.

Conversion:- 

• The policy may be converted into an Endowment Assurance Policy in case of Divorce.

Premium

The premium based on equivalent age at next birthday is calculated by addition to the lower age depending upon difference in age of spouses. Table "A" for addition in lower age and Table "b" shows premium for equivalent age (Next Birthday).

Loan and Surrender:-

Loan facility is available after completion of three years and policy can also be surrendered after completion of three years. The policy is not eligible for the bonus if surrendered or assigned for a loan before completion of 5 years. Proportionate bonus on the reduced sum assured is accrued if the policy is surrendered or assigned for a loan.

Nomination and Assignment:-

• Nomination and Assignment facility available under this plan.

Claims :

• The sum assured along with accrued bonus of the policy in full force will be payable to -

a) the insurant at the end of endowment term i.e. date of maturity if both the lives survived.

or ,

b) the survivor on death of one of the spouses before the date of maturity.

or,

c) the nominee/Legal heirs on the death of both the insured lives simultaneously.

• Both the spouses should be healthy, confirmed A-I lives by the appropriate medical examiner and should be literate.

YUGAL SURAKSHA

(JOINT LIFE ENDOWMENT ASSURANCE)

(MONTHLY PREMIUMS FOR AN ASSURANCE OF Rs.10,000/-)

Age 5 yrs 6 yrs 7 yrs 8 yrs 9 yrs 10 yrs 11 yrs 12 yrs 13 yrs 14 yrs 15 yrs 16 yrs 17 yrs 18 yrs 19 yrs 20 yrs 21 191 159 136 118 104 93 84 77 70 64 59 55 51 48 45 42 22 191 159 136 118 104 93 84 77 70 64 59 55 51 48 45 42 23 191 159 136 118 104 93 84 77 70 64 59 55 51 48 45 42 24 191 159 136 118 104 93 84 77 70 64 59 55 51 48 45 42 25 191 159 136 118 104 93 84 77 70 64 60 55 51 48 45 42 26 191 159 136 118 104 93 84 77 70 64 60 55 51 48 45 42 27 191 159 136 118 104 93 84 77 70 65 60 55 52 48 45 42 28 191 159 136 118 105 93 84 77 70 65 60 55 52 48 45 42 29 191 159 136 118 105 94 84 77 70 65 60 56 52 48 45 43 30 191 159 136 118 105 94 85 77 70 65 60 56 52 49 46 43 31 191 159 136 118 105 94 85 77 71 65 60 56 52 49 46 43 32 191 159 136 118 105 94 85 77 71 65 60 56 52 49 46 43 33 191 159 136 118 105 94 85 77 71 65 61 56 53 49 46 44 34 191 159 136 119 105 94 85 78 71 66 61 57 53 50 47 44 35 191 159 136 119 105 94 85 78 71 66 61 57 53 50 47 44 36 191 159 136 119 105 94 86 78 71 66 61 57 54 50 47 45 37 191 159 136 119 106 95 86 78 72 66 62 58 54 51 48 45 38 191 160 137 119 106 95 86 79 72 67 62 58 54 51 48 46 39 191 160 137 120 106 95 86 79 73 67 63 58 55 52 49 47 40 192 160 137 120 106 96 87 79 73 68 63 59 56 52 50 47 41 192 160 137 120 107 96 87 80 74 68 64 60 56 53 51 - 42 193 161 138 121 107 97 88 80 74 69 64 60 57 54 - - 43 193 161 138 121 108 97 88 81 75 70 65 61 57 - - - 44 193 161 139 122 108 98 89 82 76 70 66 62 - - - - 45 194 162 139 122 109 98 90 83 76 71 67 - - - - -

Column (1) Difference between ages of two lives assured

Column (2) Additions to the lower age to arrive at the equivalent age of the two lives assured.

(1)	0	1	2	3	4	5	6	7	8	9	10	11	12	13	14	15	16	17	18	19	20	21	22	23	24	25	26	27	28	29	30
(2)	0	1	1	2	2	3	3	4	5	5	6	7	8	8	9	10	11	11	12	13	14	15	16	17	18	19	20	21	22	23	24

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