LIC – Life Insurance Products

Joint Life Insurance

One policy covering two lives, usually spouses, with a single premium.

How we help

A joint life policy insures two people, usually spouses, under one policy. Most such plans pay the benefit when the first of the two dies, and the policy may then end.

That structure can be convenient but it also means the surviving partner may be left without cover. For couples where both incomes matter, two individual plans can sometimes give more flexibility, so we show you both approaches.

We check how the benefit is paid, whether cover continues for the survivor and how the premium compares with two separate policies.

What it covers

Cover for two lives under one policy
Benefit on a defined event, as per policy
Benefits subject to policy terms

Policy benefits, eligibility, premiums, and terms vary by insurance product.

Before you decide

Points to check

01Whether the benefit is paid on the first death, the second death or both
02Whether cover continues for the survivor after the first claim
03The total premium compared with two individual policies
04What happens to the policy if the couple separates

Common questions

What people ask us about Joint Life Insurance

Who can be covered under a joint life policy?

Usually spouses. Some insurers allow other combinations, subject to their conditions.

What happens after the first claim?

In many plans the policy ends after the first death benefit is paid, leaving the survivor without cover. We check the wording of the plan you are considering.

Is joint life cheaper than two policies?

Sometimes, but not always. We compare the total premium and the cover you would actually have.