This is to inform that by clicking on the hyperlink, you will be leaving sc.com/sg and entering a website operated by other parties. Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents. The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail....
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Cancer and Disability (Advance Payment) Benefit will terminate upon the 20th policy year. Your policy will terminate once we pay this benefit to you. Please refer to the relevant policy provisions for the details of terms and conditions and exclusions. Child means a biological and adopted son or daughter, step-son, step-daughter of the life insured who is of age After the 20th Policy Year, if there is no outstanding policy loan or premiums, you may apply to exercise this option to lock in a portion of the Net Cash Value. The amount you choose to lock in is guaranteed upon exercising the Policy Value Management Option and will be allocated to the Policy Value Management Balance to...
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A family life insurance plan is anything but a letdown. While it’s not as shiny as a new boat nor as thrilling as a Costa Rican vacation, it offers invaluable peace of mind—because you know your loved ones will have what they need to afford life’s expenses when you’re no longer able to provide for them. How life insurance helps families From missing a loved one to various financial impacts, even young families aren’t immune to the after-effects of death. “When someone passes away and they don’t have life insurance, [the family’s] savings get eroded and their long-term financial goals get wiped out,” says Lee Browning, a founding partner and senior advisor at Southlake Wealth...
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Frequently Asked Questions (FAQs) Disclaimer Canara Bank (IRDAI Regn. No. CA0045) is the Corporate Agent of the Insurer. The online journey is being enabled through the Insurance Self Network platform (ISNP) of the Company where Canara Bank is a market participant as the corporate agent of the insurer. Purchase of any insurance products by a bank's customer is purely voluntary and is not linked to availment of any other facility from the bank. Trade Logo of Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited (Insurer) is used under license with Canara Bank, HSBC Group Management Services Limited and Oriental Bank of Commerce. The Insurance products are offered and...
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A white circle with a black border surrounding a chevron pointing up. It indicates 'click here to go back to the top of the page.' Dependent life insurance can cover unexpected costs if your spouse or child dies unexpectedly Three evenly spaced dots forming an ellipsis: "...". Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. If your spouse is a full-time parent, you should consider the cost of replacing that "service" if your spouse were to die. MoMo Productions/Getty Images Dependent life insurance offers a payment, known as a death benefit, in the event a covered spouse or child dies. This type of insurance commonly covers funeral...
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Note that with the inclusion of a child, the sum insured will increase and so will the premium of the policy. According to experts, policyholders should have a family floater with a sum insured of Rs 10 lakh or a minimum of Rs 5 lakh, given the rise of medical costs. Healthcare costs all over the world, including India, have risen drastically over the last few years. Now only for the elderly, but healthcare has become expensive across all age groups. Even for newborns, couples have seen a sudden rise in their expenses. For instance, other than the usual check-up expenses of the mother, normal delivery at a top hospital in a metro can cost anywhere between Rs 60,000 and Rs 1.5 lakh. Most...
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MUMBAI, India, Aug. 6, 2020 /PRNewswire/ -- With an aim to tackle life's financial uncertainties, Edelweiss Tokio Life's new income solution offers the means to meet one's dreams and aspirations in the near and distant future. With a longer coverage and an optional flexible income benefit, this plan also acts as a three-generation product ideal for a grandparent, parent or a child. With a low entry age and a high exit age, the Active Income Plan can be opted by any member of the family. Moreover, the Active Income Plan offers the family benefit option wherein the family receives Income and Maturity Benefits in case the policyholder is diagnosed with a critical illness or passes away. Any...
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What is mortgage life insurance? Mortgage life insurance is typically bought to cover a repayment mortgage, so in the event of your death your loved ones can pay off your outstanding mortgage. It’s also called decreasing term life insurance. This is because the amount you are covered for decreases over the term of your policy, like the way a repayment mortgage decreases. How does mortgage life insurance work? You choose a payout amount and a policy term that matches that of your mortgage or loan. This way your insurance matches your loan commitment. So each month your cover decreases, roughly in line with the debt you're repaying. As both your mortgage loan and policy end at the same...
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Life Insurance on a Child with Special Needs: Benefits and Challenges Parents with a special needs child often insure themselves to provide for their child when they have died. A more complicated issue is whether the parents should consider purchasing life insurance on the life of their child to address the possibility that they will outlive their child. Purchasing a life insurance policy on the life of a child with disabilities can provide several benefits for family caregivers. The purpose of this article is to explain these benefits, provide an overview of the application process and describe the types of policies that may be available, while highlighting some of the special...
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We understand the need of the customer to compare a plethora of different type of insurance product from competing insurance companies and offer best product to meet the requirement of the client. We always believe in product services support-post sells services provided to the client. Life insurance products offer protection against the loss of economic value of an individual’s productive abilities, which is available to his dependents or to the self. The very word „insurance‟ in „life insurance‟ signifies the need to protect both oneself and one’s loved ones against financial loss upon death or permanent disability. There are other functions, such as savings and investment, but death or...
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