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Glossary

whole life insurance
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Joint and survivor option
An option on an annuity that provides that the annuity payout will continue through the lives if two people. If one of the payees dies, payments continue to the second payee throughout that payee's lifetime.
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Copyright © 2000-2010 ICICI Prudential Life Insurance Company Ltd.
Reg. Off.: ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600.
All rights reserved.Registered with Insurance Regulatory & Development Authority (IRDA) as Life Insurance Company. Regn. No. 105.
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Tax benefits are as per the Income Tax Act, 1961, and are subject to amendments made thereto from time to time