Under this Plan policies are issued on the two lives and simultaneously cover the risk on the lives of both for the sum assured. Premiums are payable till the end of the specified term or till death of either of the assured persons, if earlier.

The benefits under this plan are as follows:

a) On the death of the first life, the sum assured will be paid to the survivor. Further premiums under the policy will be waived, but the insurance protection on the second life will continue. Also, the policy will continue to participate in the profits of the Corporation.

b) On the death of the second life, again the sum assured will be paid (to the nominee) together with the attaching bonuses. In this event the policy will terminate.

c) If the second life survives the term of the policy, he/she will be paid the sum assured together with the attaching bonuses, even though the sum assured has been paid once, on the death of the first life.

d) If both the lives, survive the term of the policy, the sum assured will be paid to them jointly, only once, together with the attaching bonuses.

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