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You're never too young or too old to benefit from financial protection. And your insurance needs change with every milestone in your life whether you have just begun your career, started a family, or reached the “golden stage” and planning for your retirement.
At Standard Chartered Bank, we know you want the best for your family and for yourself too. You can expect a range of solutions that go beyond protecting your financial well-being and giving you and your family the confidence to live life to its fullest. We offer you a wide range of Life Insurance Products from American Life Insurance Co. (ALICO), one of the world’ s leading Insurance companies.
Products Available
- Three Payment Plan
- Education Protection Plan
Features
Three Payment Plan
- The uniqueness of this plan is that ALICO pays the face amount in 3 instalments.
- 25% of the face value is paid at the end of the 1/3rd of the policy.
- Rest 25% is paid at the end of 2/3rd of the term of the policy.
- At maturity the remaining 50% of the face amount is paid with bonus.
- In the event of death, no deduction is made for the instalments already paid. The policy purchaser is insured for the full amount till the last day.
Education Protection Plan
- On survival of the child at maturity face amount of the policy plus bonuses are paid.
- All future premiums under the policy will be waived and the policy continues in full force.
- Income for education equal to 1% of the face amount is paid every month to the child till maturity of the policy. At maturity he receives the benefits stated above.
- Full face amount plus accrued bonuses are payable, subject to juvenile endorsement.
In Case of Customer’s Death:
On Death of Child Before Maturity:
Benefits
- Cost effective way of protecting your and your family’s future
- Hassle Free
- Saves your time and reduce trouble
* Terms and conditions apply. Refer to policy documents for exclusions and further details.