Business Loan Protector
Have a Business Installment Loan? Why pass the payment burden on to your family when you are gone!
At Standard Chartered Bank, we realize you have dreams and ambitions about improving the quality of life – for your business, yourself and your family.
The business loan protector provides comprehensive security for both the business owner and the business under the following plans.
Key Person Insurance:
Key Person Insurance Plan helps secure the business debt service capacity in the case of death or disability of the key person of the business. This releases your next of Kin and (or) family from any future financial obligations when you are gone.
Insurance over Stock:
Insurance over Stocks secure the safety of your stocks and your business in the unfortunate event of burglary/theft or fire outbreak. This provides peace of mind and protects your working capital against loss.