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If you want to take education policy from Standard Chartered Bank in Kenya,below are the features:
BENEFITS | |
Maturity Benefit | You 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 Illness | Upon 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 Discounts | The 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 Examination | Medical tests are mandatory for covers above Kes 15Million |
Free Look Period | Don’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. |