We live in a world with uncertainty where maintaining financial security for our families is crucial for all of us. Salary Continuation Plan can help provide for your family's general living expenses, children's education and marriage when you're not around.
In the unfortunate event of your death due to accident or sickness, a monthly benefit equal to your monthly salary, at the time of enrolment, is payable for a guaranteed 24 months. The total benefit pay out can be as high as PKR 1,920,000.
Your account will be deducted for an amount equal to 0.6% of your annual salary upfront for the entire one year cover. Your cover will be renewed automatically for subsequent years upon continuous deduction of annual premiums and provided plan terms and conditions will remain unchanged.
Premium and Benefit Illustrated
|Monthly Salary||Annual Salary||Premium Rate Applied on Annual Salary||Annual Premium||Total Death Benefit Payable in 24 Months|
*The maximum amount of monthly benefit will be capped at PKR 80,000 regardless of the actual salary of the insured customer
Term and Eligibility
This product is only for Standard Chartered Bank (Pakistan) Limited ("SCBPL") Employee Banking customers aged 18 to 60 years. Once enrolled under the age of 60, you will remain enrolled till the enrolment date immediately following your 65th birthday (subject to regular premium payment).
How to Enroll
- Call our 24 hour Phone Banking at 111 002 002 and request for enrolment
- Complete enrolment form and submit it to your branch / relationship manager