Benefits

Features

card debit exclusive benefits

Receive annual installments in the last 4 years of the policy plus an extra 100% at maturity

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In the unlikely event of Accidental death, your beneficiary immediately receives 200% of the Sum Assured.

added value medical benefits

In the unlikely event of Natural death, your beneficiary immediately receives 100% of the Sum Assured.

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Upon diagnosis of a Critical Illness, we pay 50% of the sum assured and waive all the future premiums up to maturity

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In the event of a permanent disability you will receive 100% of your sum assured

Educare is an insurance product that allows you to save for the future education of your children or any other investment need while at the same time safeguarding against financial distress that might be caused by unforeseen events such as critical illness,physical incapacity and loss of life.

Educare is available to all people within the age group of 18 to 65 years and will provide life insurance cover up to the age of 85 years, secured through payment of regular premiums.

You can choose to have a policy with a term between 9 and16 years with Maximum Sum assured of UGX 950 million and a minimum monthly contribition of UGX 250,000

Maturity Benefit: The policy pays out a maturity benefit of 200% payable in 4 annual installments starting with the fourth year before maturity.In the final year of maturity an additional 100% of the sum assured is also paid.

Death Benefit: in case of death, we pay your beneficiaries 100% of the sum assured in case of non-accidental death and in case of an accident leading to death we pay to your beneficiaries 200% of the sum assured and waive all future premiums up to maturity

Critical Illness Benefit: in the unfortunate case of a member getting diagnosed of cancer, stroke, heart attack, kidney failure, we pay up to 50% of the sum assured and waive all the future premiums up to maturity

Disability Benefit: in the event of disability arising from an accident leading to loss of two limbs or both eyes, we pay up to 100% of the sum assured and in case the disability is permanent and partial we pay the percentage of the sum assured in line with the degree of disability declared by a medical specialist; and thereafter waive all the future premium until maturity.

In case your priorities have changed and for some reason you do not wish to continue with the policy, you can do so by;

Surrendering your policy and encashing your savings up to the surrender value which is acquired after the policy has received at least 12 months’ worth of premium. The insurance company provides a minimum surrender benefit.

or

Request the insurance company to change the status of your policy and adjust your risk cover for death, disability and critical illness at no additional premium in future in which case the policy status will be changed to the paid up status; this option is available only if the policy has received premium for at least 36 months

Terms and Conditions

Terms and conditions apply. Full terms, conditions and exclusions of cover are contained in the policy document. Standard Chartered Bank earns commission for the business acquisition.

Standard Chartered Bank Uganda Limited is regulated by Bank of Uganda. Customer deposits are protected by Deposit Protection Fund of Uganda. Bancassurance business is regulated by the Insurance Regulatory Authority of Uganda.

Terms and Conditions

Terms and conditions apply. Full terms, conditions and exclusions of cover are contained in the policy document. You have a 30 day free look period within which you have the right to cancel the policy if you are not satisfied with the terms and conditions. Standard Chartered Bank earns commission for the business acquisition. Products are underwritten by Sanlam Life Insurance.

Standard Chartered Bank Uganda Limited is regulated by Bank of Uganda. Customer deposits are protected by Deposit Protection Fund of Uganda. Bancassurance business is regulated by the Insurance Regulatory Authority of Uganda.

Disclaimer

Standard Chartered Bank only distributes insurance products and does not underwrite nor issue insurance policies. Insurance products are underwritten by third party insurance providers. 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.

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(+256)313294100

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