It also gives you the option of adding an additional life cover and a premium waiver, should the unexpected happen.
What’s your savings plan for your child’s education?
Book an appointment Book an appointmentIt also gives you the option of adding an additional life cover and a premium waiver, should the unexpected happen.
If you choose an optional benefit, please:
Direct funds – which cover many asset types, industry and geographical sectors and are managed by a selection of external fund managers.
Money market funds – these funds invest in cash, money market instruments and international fixed-interest securities.
Managed funds – these funds offer diversification across equities, cash and fixed-interest securities.
The above funds are managed by external fund houses/fund managers including Zurich International Life. Some fund managers take a charge before investing your payment and take an annual management charge. These will be reflected in the fund prices. Otherwise the remaining capital will be invested in the funds you choose.
Global Choice is a whole of life policy, which means there is no fixed length of time that the policy has to be held for. However, it must be held for a minimum of 5 years.
You can pay monthly, quarterly, half yearly or yearly in USD, GBP or EUR.
You have 30 days from the date of issue of your policy documents to write to us to ask us to cancel the policy. You can cancel your policy before receiving any documents by either contacting your Wealth Specialist, Insurance specialist or us directly. If there has been a fall in the value of your investments between the time your policy issued and when we receive your request to cancel, we will deduct this amount from the premium paid.
Please refer to the table below.
Minimum regular premium amounts | ||||
Currency | Monthly | Quarterly | Half-Yearly | Yearly |
USD | 500 | 1,500 | 3000 | 6000 |
GBP | 350 | 1,050 | 2,100 | 4,200 |
EUR | 400 | 1,200 | 2,400 | 4,800 |
Global Choice is available on a single ownership basis and on a joint ownership basis. The policy can be written on one of the following life insured basis:
Insurance Products: These products are subject to individual risk profile and product suitability which is determined through completion of Customer Investment Profile and/or Insurance Financial Needs Analysis. Standard Chartered Bank does not offer insurance advice, nor does it underwrite or issue insurance policies. Insurance products are underwritten by third party insurance providers. An early termination of the policy usually involves surrender charges. In some instances the returns you may receive could be less than the premiums you have contributed. Standard Chartered Bank shall not be responsible for insurance provider’s actions or decisions, nor shall Standard Chartered Bank be liable regarding payment of claims or services under the policy/insurance contract or in any manner whatsoever regarding your application or the contract of insurance.