Introduction to Standard Chartered Car Insurance in UAE
Standard Chartered Bank offers car insurance policies to customers through a partnership with AXA Insurance, one of the leading general insurance providers in the region. The policy can be purchased online if you are a resident of UAE or the GCC. Both new and existing car insurance are available at competitive prices. This policy is available in three varieties – Select, Perfect and Prestige.
Features and Benefits of Standard Chartered Car Insurance
- Third party damage limit up to AED 5 million.
- Up to 50% discounts for no claims.
- Agency repair.
- 24x7 support for recovery and claim services.
- Optional 7-day free car hire.
- Easy pay EMI scheme at 0% interest.
- Personal injury cover up to AED 20,000.
- Optional personal accident benefit for driver and passengers separately.
- Optional GCC cover.
- Cover in the Sultanate of Oman.
- Off-road cover and windscreen damage.
Eligibility Criteria for Standard Chartered Car Insurance
UAE residents who are between 25 years to 65 years old can apply for this insurance policy. Applicant should have a valid driver’s license at least 1 year old if it is a UAE license, and 2 years old if from a transferable country. The registered vehicle should be meant for personal use by the insured, and should not be more than 10 years old at the time of registration.
Why choose Standard Chartered Car Insurance?
The Standard Chartered car insurance plans are offered by AXA, which is one of the best-known insurance providers in the world. The company has a wide range of products and services that can be accessed as a customer. The providers also have robust customer support centers for ease of access and speedy services.
The plan is feature packed and offers high amounts of cover against third party damage, personal damage etc. Value additions such as personal accident cover for passenger or driver can also be availed by paying a nominal premium over the base policy premium.
Other products offered by Standard Chartered in UAE are:
Frequently Asked Questions - FAQs
Is it possible to transfer my car insurance cover when I sell my car to a new owner?
Is off-road cover applicable in Standard Chartered car insurance policy?
What do you mean by Easy Pay?
As premium calculations are done after taking into consideration factors such as age of driver, claims history, duration of driving experience, vehicle type and value, it is not possible to transfer the same policy to a new user.
This benefit is available for Perfect and Prestige customers only and covers damages sustained in off-road accidents. However, cover is not applicable if damages were inflicted during competitive or racing events.
Standard Chartered offers you the benefit of stretching the insurance policy payments over a period of 6 months and at 0% additional interest rate. The Easy Pay option can be availed using Standard Chartered credit cards only. A one-time fee of AED 100 or 3% of Easy Pay amount, whichever is lower, will be deducted as processing charges.