We offer a variety of protection and savings solutions that guarantee the best value for you and your family

Insurance / Takaful


The contents of this webpage are for general information only and do not constitute an offer, recommendation or solicitation of an offer to enter into a transaction or adopt any hedging, trading or investment strategy, nor does it constitute any prediction of likely future movements in rates or prices or any representation that any such future movements will not exceed those shown in any illustration.

It has not been prepared for any particular person or class of persons and it has been prepared without regards to the specific investment objectives, financial situation or particular needs of any person. You should seek advice from a financial adviser on the suitability of the product for you, taking into account these factors before making a commitment to purchase the product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.

Call our Client Centre at 111 002 002 for any further questions or service queries. You are advised not to send any confidential and/or important information to the Bank via e-mail, as the Bank makes no representations or warranties as to the security or accuracy of any information transmitted. The Bank shall not be responsible for any loss or damage suffered by you arising from your decision to use e-mail to communicate with the Bank. It is essential that prior to taking into consideration any information on this site, you have read and understood this important Legal Notice.

This information attributable to Standard Chartered Bank (Pakistan) Limited having its registered office at PO Box 5556, I.I Chundrigar Road Karachi, which is a banking company registered with State Bank of Pakistan under Banking Companies Ordinance 1962 and is also having licensed issued by Securities & Exchange Commission of Pakistan for Securities Advisor. Standard Chartered Bank (Pakistan) Limited acts as a distributor of  third-party products.

Insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness or death in return of payment of specified premium. Additionally, it can also be used to plan for long term expenses (retirement or education etc.).

Bancassurance is an arrangement between a Bank and an insurance company allowing to sell insurance products to the bank’ s client base.

Takaful is based on the Islamic principles of Mutual Assistance (Ta’awun) and Gift (Tabarru) where the risk is shared collectively and voluntarily and members of group or participants who agree to jointly guarantee amongst themselves protection against loss or damage to any of them as defined in the agreement. Additionally, it can also be used to plan for long term expenses (retirement or education etc.).

Bancatakaful is an arrangement between a Bank and Takaful company allowing to sell takaful product to the Bank’s client base.

Regular premium/contribution is a type of insurance/takaful in which amount is paid at particular time intervals such as monthly or annually for insurance/takaful coverage.

Single-premium/contribution is a type of insurance/takaful in which a lump sum of money is paid into the policy in return for insurance/takaful coverage.

An investment-linked plan is a life insurance/takaful plan that combines investment and protection. The premiums/contributions that you pay, provide you not only with life insurance/takaful cover but part of the premiums/contributions are also invested in funds.

A non-investment linked plan is insurance/takaful that provides coverage in exchange of premium/contribution and such premium/contribution is considered as charge by the insurance provider, as they are not being invested in funds.

Some of the major benefits of investing in Bancassurance/Bancatakaful are:

  • Life & Risk Coverage
  • Access to small investors
  • Diversification of portfolio
  • Long Term Savings
  • Professional fund management
  • Tax benefits

Yes. If the fund at the back of product is not capital guaranteed, the investor can have both capital gain or loss on their invested amount.

Yes. There is no capital guaranteed fund in Islamic Products. Therefore, the investor can have both capital gain or loss on their invested amount.

No, SCBPL only acts as a distributor for insurance/takaful products.

Investment in insurance/takaful products, provides tax benefit by allowing the policy holder to avail tax credit (as per Income Tax Ordinance, 2001).

It is the fee charged by fund house for managing the fund. It is calculated as a percentage of account value.

Front-end load is a charge applied by the provider at the time of initial purchase of a policy. It is deducted from the initial amount, and as a result, lowers the size of the investment.

Back-end load is a charge applied by the provider when withdrawing from a policy. The fee is calculated as a percentage of the redemption amount.

Mortality Charge is the amount charged every year by the insurance/takaful provider to provide life cover to the policyholder on the life of the Life Insured/Covered.


This is to inform that by clicking on the hyperlink, you will be leaving and entering a website operated by other parties:

Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.

The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

Thank you for visiting


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