This plan is ideal for Married couples who share financial responsibilities and want to protect each other should consider this policy. It's good for couples with joint obligations like loans and family expenses. It ensures both partners are financially secure if something happens to one.
Eligibility Criteria
- Minimum Sum Assured: 50,000/-
- Maximum Sum Assured: No Limit
- Minimum Entry Age (Nearest Birthday): 21 years
- Maximum Entry Age (Nearest Birthday): 50 years
- Maximum Maturity Age: 70 years
- Minimum Policy Term: 15 years
- Maximum Policy Term: 30 years
- Maximum Age gap between Husband & Wife: 7 years
Benefits/Special Features
- Death Benefit:
- On death of either of the lives assured during the term of the policy: Sum Assured
- On death of the surviving life assured during the term of the policy: Sum Assured plus Bonus Declared and Vested.
- On both or any one lives assured surviving till Maturity Benefit: Sum Assured plus Bonus Declared and Vested.
Rider Benefits (Optional)
- Accidental Death Benefit (ADB):
- On death of either of the lives: Additional amount equal to sum assured or 1,00,00,000/-, whichever is lower.
- On death of surviving Life: If the second death occurs due to accident only within the same policy year as that of the first death due to accident only, Additional amount equal to sum assured or 1,00,00,000/-, whichever is lower. However, if the second death occurs due to accident only outside the policy year of the first death due to accident only, no accident benefit is payable.
- Permanent Total Disability (PTD):
- On PTD of either of the lives: Sum assured or 1,00,00,000/-, whichever is lower payable in 120 monthly installments; Should the remaining term to maturity be less than 120 months, the balance installment will be paid in lump sum on maturity or at death, if earlier.
- On PTD of surviving Life: If the second PTD occurs due to accident only within the same policy year as that of the first PTD due to accident only, sum assured or 1,00,00,000/-, whichever is lower payable in 120 monthly installments; Should the remaining term to maturity be less than 120 months, the balance installment will be paid in lump sum on maturity or at death, if earlier. However, if the second PTD occurs due to accident only outside the policy year of the first PTD due to accident only, no benefit is payable.
- Premium Waiver Benefit (PWB): On death or PTD of either of the lives assured, future premium will be waived.
- Critical Illness (CI): On onset of any of the CI provided by the company, Additional amount equal to sum assured or 50,00,000/-, whichever is lower.
Premium Payment Mode/Structure
- Mode: Yearly/Half-Yearly/Quarterly
Discounts/Rebate
- Discount on Sum Assured
| Sum Assured Band | Premium Rebate (per thousand) |
| 200,001 to 500,000 | NRe 1 |
| 500,001 onwards | NRs 2 |
- Discount on Payment
| Frequency of Payment | Premium Adjustment |
| Yearly | Less 2% |
| Half yearly | Less 1% |
| Quarterly | Nil |
| Monthly | Add 5% |
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