Standard Chartered Bank Education Policy in Kenya features

by venas
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If you want to take education policy from Standard Chartered Bank in Kenya,below are the features:

BENEFITS
Maturity BenefitYou will receive Kes 500,000 each year from year 6 to year 9. Kes 2,000,000 will also be paid to you in Year 10. Total cash benefit is Kes 4, million
Natural Death-In the event of natural death during the policy period, a lump sum of Kes 2,000,000 is immediately paid to your beneficiaries.
-All future premiums will be waived
-The maturity benefits will also be paid from year 6 to year 9.
-Total cash benefit is Kes 6 million
Accidental-In the event of accidental; death during the policy period, a lump sum of Kes 4,000,000 is immediately paid to your beneficiaries.
-All future premiums will be waived
-The maturity benefits will also be paid from year 6 to year 10.
-Total cash benefit is Kes 8 million
Critical IllnessUpon diagnosis of a Critical Illness, this policy immediately pays out up to Kes 1,000,000.
-All future premiums will be waived. The maturity benefits will also be paid from year 6 to year 10.
-Total cash benefit will be Kes 5 million
Permanent Total Disability (PTD)-Upon diagnosis of total and permanent disability during the policy period, a lump sum of up to Kes 2,000,000 is immediately paid to your beneficiaries.
-All future premiums will be waived
-The maturity benefits will also be paid from year 6 to year 10.
-Total cash benefit is Kes 6 million
Premium DiscountsThe premium amount is based on your age, gender and the policy tenure. Please contact us to find out your premium amount for this policy
There are premium discounts for different payment frequencies
Monthly premium: no discount
Quarterly premium: 4% discount
Semi-annual premium: 6% discount
Annual premium: 8% discount
Medical ExaminationMedical tests are mandatory for covers above Kes 15Million
Free Look PeriodDon’t hesitate to sign up for the Educare Plus. Within 30 days of signing up to this policy, you are free to cancel the policy with no penalties even if the first premium has already been debited. Sign up today.

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