Personal Banking - Insurance - Cover for Life - Standard Chartered Bank Pakistan

Cover for Life is an ideal insurance plan for you if you meet the following eligibility criteria:

Only for Standard Chartered Bank (SCB) Credit Card customers
Aged above 18 years and under 60 years

Note: Once enrolled at age under 60 years, you can remain enrolled till the enrollment date anniversary preceding your 65th birthday.

Enrolling for this insurance offer is easy and has two simple methods:

You can simply call SCB at 111-002-002 and request for enrollment at SCB Phone Banking.
SCB representative will call you personally and get your consent to enroll under the insurance program.

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Q. Does it provide life insurance under all events?

Yes! It will cover your life under all events, subject to policy terms and conditions.

Q. How much do I need to pay for the cover?

Your credit card will be charged for an amount of Rs. 3000 upfront for the entire 1-year term cover and you will be billed for the same amount under Aasan Installment Scheme for the next 12-months for Rs. 250 only, with 0 % mark-up

Q. Whom should I contact for the renewal of the cover?

Cover for Life is a one-year Term Policy and will be renewed for the second year if the Terms and Conditions remain unchanged. However, if the Terms and Conditions of the initial offer change, then you will be contacted to obtain your fresh consent.

Q Whom should I contact for the renewal of the cover?

Cover for Life is a one-year Term Policy and will be renewed for the second year if the Terms and Conditions remain unchanged. However, if the Terms and Conditions of the initial offer change, then you will be contacted to obtain your fresh consent.

Q How will I know that I am enrolled under the program?

After obtaining your consent for the enrollment, you will be enrolled under Cover for Life. Your Credit Card monthly billing statement once charged with the premium amount will serve as proof of your enrollment.

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SCB is acting as distributor of insurance cover on behalf of the Underwriter and shall not be held responsible in any manner whatsoever to any person, including but not limited to, the insured, Beneficiary (ies) or any third party.
The customer’s credit card statement of account will serve as the proof of his enrollment under the program (if his / her card is charged under the program).