We live in a world with uncertainty where maintaining financial security for our families is crucial for all of us. Cover for Life is a simple and affordable way of ensuring your family is provided for in case you're not around.
"Cover for Life" is a term life insurance offered by American Life Insurance Company (Pakistan) Limited. The plan insures your life for a lump sum amount of Rs 1,000,000. The money can help provide for your family's general living expenses, children's education and marriage etc when you are not around.
"Cover for Life" provides a one year death coverage, from the date premium is deducted from your account.
|Coverage||Benefit Amount (Rs)||Annual Premium Per Customer (Rs)|
|Death due to accident or sickness||1,000,000 lump sum||3,000|
Your account will be deducted for an amount of Rs 3,000 upfront for the entire 1 year cover. Furthermore, "Cover for Life" provides life cover only and there's no investment in the product hence no cash-in value at any time.
Term and Eligibility
This product is only for Standard Chartered Bank (Pakistan) Limited ("SCBPL") Current and Savings account holders aged above 18 years and under 60 years.
How to Enroll
- Just click on the 'Apply Online' button
- A SCBPL representative will call you personally and get your comments and other details to enrol you under the insurance program.