So far couple of insurance companies in India have started
providing joint life term insurance plans.
Not exact matches
Simply speaking, if you need two people to pay for your mortgage,
provide for your children, or maintain your retirement lifestyle, then
joint term first - to - die
life insurance may be for you.
Joint term life can be a great complement to your retirement plan as it
provides a couple purchasing an annuity with more options.
Plan Choice:
Term insurance
provides flexibility in
terms of choosing the plan on single
life basis or
joint life basis.
In a nutshell,
joint life term insurance policies
provide coverage for two people instead of one.
iSpouse is basically a
joint life term assurance plan which is specially designed for working couples, iCancer is majorly designed to
provide protection against cancer and iIncome which is a non - participating
term plan will
provide protection to the household income stream for a fixed
term in the event of any mishap.
The second type of
joint term life insurance plan
provides the death benefit on demise of each of the
life insured.