[nilesh]

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Tell me about highlights of Payment Protection Insurance (PPI) Scheme of Standard Chartered Bank? Give complete details about Policy conditions of Payment Protection Insurance (PPI) Scheme of Standard Chartered Bank.

[Vishal Kotkar]

Here I am providing complete information related to Payment Protection Insurance (PPI) Scheme of Standard Chartered Bank:

Standard Chartered Bank Payment Protection Insurance (PPI) Scheme

Highlights:
Freelook period of 14 days
No requirement for a medical certificate
Low one time rate on the total amount of your Personal Finance
Protected against death
Easy enrolment

Policy Conditions:
The Policy cover is an optional benefit provided along with Personal Loan / Finance.

Low one time rate will be applied and the insurance premium will be added to your loan / finance amount.

To qualify for cover under the policy, the Protected Person should be older than 18 and younger than 65 years.

Freelook period of 14 days from the date of receipt of this cover

Death Benefit cover is applicable worldwide

Death benefit payable under this policy shall be paid against the Protect Person’s total outstanding balance on his Personal Loan / Finance at the end of the month with the Bank

The Bank reserves the right, at any time, to change the terms, conditions, rates and/or reject, discontinue or cancel the applicable.

The Protected Person should be a resident in the Kingdom of Bahrain at the time of sourcing the policy.

Standard Chartered Bank Payment Protection Insurance (PPI) Scheme






Contacts
Medgulf Takaful B.S.C (c)
P.O.Box 31397
Manama
Kingdom of Bahrain