Joint life endowment assurance on two lives - with profits

The sum assured under a Joint Life Assurance Policy is payable at the end of the endowment term or on the first death of the two lives assured, If earlier.

The rate of premium for any combination of ages can be ascertained by the table provided below:

Find out the difference between the ages of the two lives to be assured. Refer to this difference is

Column 1( Difference between Ages) of the table given above.

Now take the age appearing against it in Column 2(Headed addition to Younger Age) and add it to the age of the younger of the two lives to be assured. The number so arrived at will be the "Age nearer birthday of both lives". Find the range of Premium applicable to this age by referring to the table below.

Example: If a policy is required on the lives of two males aged 20 and 30 nearer birthday respectively, enter Column (1) of the above table with the Number 10, which is the difference between the ages of the two lives, and directly opposite to Column(2) is found Number 6. By adding this number to 20, the Number 26 is obtained as the equal age for which premium will be charged. Entering the table of rates of premium at age 26 for the Endowment term desired, the premium chargeable for the policy on two lives aged 20 and 30 respectively is obtained.

The minimum amount for which a policy will be issued under this plan is Rs.10000.

20/Rs.107.90 - 25/Rs.108.05 - 30/Rs108.70 - 35/Rs.110.05 - 40/Rs.112.55 - 45/Rs.116.65 - 55/ Rs.131.85

20/Rs.70.95 - 25/Rs.71.30 - 30/Rs72.25 - 35/Rs.74.20 - 40/Rs.77.60 - 45/Rs.83.20 - 55/ Rs.106.15

20/Rs.51.60 - 25/Rs.52.20 - 30/Rs53.60 - 35/Rs.56.25 - 40/Rs.60.65 - 45/Rs.67.70 - 50/ Rs.78.75

20/Rs.40.95 - 25/Rs.41.85 - 30/Rs43.75 - 35/Rs.47.10 - 40/Rs.52.55 - 45/Rs.61.05