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Reader's corner: Life insurance

A joint life insurance plan comes handy and has several features offering benefits of two separate policies in a single plan

Image is used for representational purpose. (Photo: Shutterstock)
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Image is used for representational purpose. (Photo: Shutterstock)

Pankaj Razdan
I am planning to get married early next year and intend to purchase a term plan for both of us. Is it beneficial to buy individual policies for each of us or should I buy one with a joint life cover?

A married couple mostly desires to achieve their dreams and emotional security jointly. In such a case, a joint life insurance plan comes handy and has several features offering benefits of two separate policies in a single plan. Covering the spouse under the same policy, a joint life plan offers assurance that one will continue to receive the same financial