Details

Lore is a unique and affordable funeral cover that will pay the policyholder a lump sum benefit in the event of a non-accidental death or a double lump sum benefit in the event of accidental death of the policyholder, spouse and up to 6 nominated children. With Lore, you can cover a maximum of 4 parents or parents-in-law and 10 extended family members.

Benefits

  • A lump sum benefit up to P55,000 for natural death or double lump sum benefit on accidental death of policyholder, spouse and up to 6 nominated children.
  • Pays a maximum monthly annuity benefit of P4,000 for 12 months.
  • Lore has a cash back benefit that pays 6 months’ worth of premiums every 4 years.
  • Premiums are waived from the policy anniversary following the 65th birthday of the policyholder.
  • Lore requires no medical underwriting.
  • The policy runs for the whole of life.
  • No waiting period on accidental death.

Eligibility

  • Current Account with Standard Chartered Bank.
  • Salaried with a minimum net salary of P4,000.

Sum Assured

Silver Gold Platinum
Policyholder P33,000 plus P1,500 monthly benefit for 12 months P44,000 plus P1,750 monthly benefit for 12 months P55,000 plus P 4,000 monthly benefit for 12 months
Spouse P33,000 P44,000 P55,000
Children
(ages 16 -21)
P16,500 P22,000 P22,000
Children (younger than 16) P11,000 P16,500 P16,500
Optional: Extended
Family/Parents
P8,250 P11,000 P13,750

Note: This is a summary of the key features applicable to this product, the full terms and conditions will be contained in the policy document.