1The figures mentioned above are for illustrative purposes only. Actual tax benefit will vary from person to person. Tax benefit shown here is calculated at the highest tax slab rate of 31.2% (excluding surcharge if any) and including education cess on the maximum allowable deduction of INR 1,50,000 for ELSS / Life Insurance products under Section 80C and on the maximum available deduction of INR 25,000(for non-senior citizen self, spouse and dependent children) and INR 50,000(for senior citizen parents) for health insurance products under Section 80D of the Income Tax Act, 1961. The user/investor needs to verify all the facts and circumstances with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information. Tax laws are subject to amendments from time to time.
Standard Chartered Bank, India having its principal place of business at Crescenzo Building C-38/C-39 G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 is a licensed Corporate Agent of ICICI Prudential Life Insurance Company Limited (IRDAI Reg No. 105) for life insurance products; Royal Sundaram General Insurance Co. Limited (IRDAI Reg No. 102), Bharti AXA General Insurance Company Limited (IRDAI Reg No. 139) and ICICI Lombard General Insurance Company (IRDAI Reg No. 115) for general insurance products and Max Bupa Health Insurance Company Limited (IRDAI Registration no. 145) for standalone health insurance products vide corporate agent number CA0028.
All insurance products are underwritten by the respective insurance companies. Participation in any insurance scheme is purely voluntary, and is not linked to the availment of any other banking products or services from Standard Chartered Bank. The benefits/ features of the products are indicative only. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding sale. Insurance is the subject matter of solicitation.
The content of this webpage do not constitute a contract of insurance and reference should be made to the respective policies for the exact terms and conditions applicable to the insurance policy. It does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. All insurance products described in this webpage are products of and underwritten by the respective insurance companies and not Standard Chartered Bank, India. In facilitating insurance arrangements, the Bank is acting as a corporate agent of the insurer and not as an agent for customers. This webpage is being distributed for general information only and it does not constitute an offer, recommendation, solicitation to enter into any transaction. This webpage has not been prepared for any particular person or class of persons and it has been prepared without regard to the specific investment or insurance objectives, financial situation or particular needs of any person.
Standard Chartered Bank, India does not provide any investment advisory services. Standard Chartered Bank, India is a distributor of mutual funds and a referrer of other third party financial products. Mutual Fund Investments are subject to market risk. Read scheme related documents carefully prior to investing. Past performance is not indicative of future returns. The Online Mutual Funds platform is an EXECUTION-ONLY platform. We are not acting as your investment advisor nor providing investment recommendations in respect of any transaction effected through the Online Mutual Funds platform, and you must not regard it or us as acting in that capacity. You should consult your own independent legal, tax and investment advisors before entering into any transaction via the Online Mutual Funds platform.
