This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum.

Whole Life Policy

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Endowment Life Assurance Policy

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Joint Life Policy

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Annuity Policy

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Solution

The correct option is C
Joint Life Policy

This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum. This is known as Joint Life Policy.

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Similar questions

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Q. Joint Life Policy is taken by the firm on the life(s) of ________.

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This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum.

The correct option is C Joint Life Policy This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum. This is known as Joint Life Policy.

The correct option is C
Joint Life Policy

This policy is taken up by two or more people. The premium is paid jointly or by either of them in instalments or lump sum. This is known as Joint Life Policy.