With the default load policy (as shown in the screenshot) the VM will be assigned to a single physical uplink when it is powered on (Round-Robin). If you want to distribute traffic across both uplinks from a single VM (with multiple systems accessing the VM) you'll need to use the IP-Hash policy with the physical network configured appropriately. See VMware KB: Sample configuration of EtherChannel / Link Aggregation Control Protocol (LACP) with ESXi/ESX and Cisco/H…. for details.
André