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What’s your savings plan for your child’s education?

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What’s your savings plan for your child’s education?

Secure your child’s future with our hybrid investment + life insurance plan

Your child’s education is a definite expense, and one that is worth saving for. Do you have a lump sum saved? Or a plan in case something happens to you? Start saving now to set them up for a brighter future. Our hybrid solution is just what you need.


  • What is my commitment?

    If you choose an optional benefit, please:

    • Advise about any changes in your health, family history, occupation or country of residence before your cover starts.
    • Let us know if you take up any hazardous activities between signing the application and when your cover starts.
  • What is the risk?
    • The policy does not have any capital guarantee. Investments carry varying degrees of risk. Your policy value may fall as well as rise depending on the performance of your investment funds and you may get back less than you originally invested.
    • If the underlying investments chosen are in a currency which is different to that of your policy, you will be exposed to currency exchange risk in addition to investment risk.
    • The level of risk and potential investment performance depend on the fund(s) chosen.
    • Information on the specific risks associated with investing in a particular fund can be obtained from zurich.ae.
    • Stopping premiums – If you stop paying premiums the waiver of premium benefit and its charges will stop, however, all other policy charges continue to be deducted, including any additional life cover charges.
    • Regular withdrawals or partial surrenders – If you make regular withdrawals or a partial surrender, your policy value will be reduced and if the policy value falls to zero the policy will lapse.
    • Full surrenders – If you fully surrender your policy before the fifth policy anniversary, there will be a surrender charge.
  • What are the type of funds that my premiums will be invested in?

    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.

  • What is the policy term?

    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.

  • What are the payment options?

    You can pay monthly, quarterly, half yearly or yearly in USD, GBP or EUR.

  • What is the cancellation policy?

    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.

  • What is the minimum premium amount?

    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


  • Can I have a joint policy with my partner?

    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:

    • Own life – you are the policy owner and the life insured
    • Life/lives of another – you are the policy owner but someone else is the life insured
    • Joint lives, last death – you and another are both the policy owners and the lives insured.

Terms and conditions


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.