Car insurance

Standard Chartered Car Insurance - Easy Pay

Overview Key Benefits Product Features FAQs Easy Pay
(Instalment plan)
Buy your Car Insurance online Standard Chartered Bank has partnered with AXA Insurance, one of the most trusted non-life insurers in the region, to offer you a fast and convenient way to purchase your car insurance online.

Car Insurance - Easy Pay
As a member of the Standard Chartered family, you can stretch your repayment over 6 months at 0% interest. You simply need to use your Standard Chartered credit card, and call Standard Chartered Phone Banking on (+971) 600 5222 88 to arrange to stretch your repayments. However, please note we recommend that you wait 24 hours before you call us to set up your Easy Pay Plan. This will ensure that the transaction is reflected on your credit card account.
Easy Pay Terms and conditions:
  1. The Bank may, in its sole and absolute discretion and without notice, withdraw or revise this Easy Pay ("Instalment plan").
  2. This Easy Pay will be made available at the sole and absolute discretion of the Bank to selected credit card members.
  3. No Interest shall be levied on the Easy Pay account for the selected month. All other outstanding on the credit card shall continue to accrue interest at the prevailing interest rate.
  4. A one-time processing fee of 3% of Easy Pay amount subject to a minimum of AED 100 will be charged to the credit card account. The processing fee charged will be subject to interest at the prevailing interest rate.
  5. In case of pre-closure of the Easy Pay, a charge of 2% of outstanding principal amount will be levied subject to a minimum charge of AED 250.
  6. The minimum amount/transaction available from the Bank under Easy Pay is AED 1,000.
  7. The Loan shall be repayable in equal monthly instalments ("EMI") in accordance with the duration specified (the "Duration").
  8. The credit limit on the Standard Chartered Credit Card will be blocked by the amount of the Easy Pay. An amount equal to the EMI paid will be released every month.
  9. The EMI will be included in the monthly credit card statement of account as the "minimum amount due". In the event that the customer fails to make payment of this "minimum amount due", the credit card shall be charged with interest on the unpaid balance at the applicable rate in accordance with the credit card terms and conditions.
  10. If the credit card account is closed by the customer or the Bank before all EMI have been charged, then all of the future EMI shall be accelerated and debited to the final credit card Statement of Account as one figure.
  11. If at the time of processing the Easy Pay the retail balance is less than the amount stated for booking then the Easy Pay will not be processed.
  12. The Bank is entitled to accelerate all future equal monthly instalments and forthwith debit the credit card statement of account with the same, on:
    - The failure to make payment of an Equal Monthly Instalment; or
    - An application for bankruptcy or if bankruptcy proceedings have been initiated against the
      customer or
    - A court order has been issued to freeze the customer's accounts; or
    - The customer's death.
  13. These terms and conditions are in addition to and supplementary to the terms and conditions applicable to all credit card accounts as contained in the credit card Agreement.
Terms and Conditions * A one-time processing fee of 3% of the amount (minimum AED 100) applies. Terms and conditions apply.
** You can buy your insurance policy within 5 minutes depending upon your and the insurance provider's system capability along with the required information. Insurance policy will only be issued after all the required documents have been received and are correct and accurate. These documents are subject to manual verification by AXA Insurance and should be submitted within the opening hours of AXA's call centre.

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