This policy is
issued on the life of husband and wife to cover the risk of
both lives. On death of any one of them, the survivor gets the
sum assured immediately. Future premiums need not be paid. If
the survivor (husband or wife) survives till maturity, he or
she gets sum assured again with bonus (bonus given till full
maturity on full sum assured). In case the survivor dies
before maturity the sum assured plus bonus till that time is
paid to the nominee. The age is taken as mean age of both
husband and wife.
Benefits:
Instead of taking two Endowment Policies on the
lives of the husband and the wife, one Jeevan Sathi Policy can
be taken. The premium payable is much lesser. So this policy
is very economical and affordable.
Income Tax Benefit
Available upto 20% of Premium Paid
