MaxProtector is a non-participating regular premium limited pay term insurance that provides protection to life assured in the event of death, total and permanent disability or major cancers. If the life assured is diagnosed with major cancer, 20% of the sum assured will be accelerated and all future premiums will be waived.

The policyholder pays 10 years of level premiums and gets covered for 15 years. MaxProtector comes with a money-back feature whereby if the life assured survives until the end of the policy term of 15 years, a percentage of the total premiums paid will be refunded (depending on the plan offered).

There are no supplementary riders available at the moment.

The percentage of premiums refunded in the money-back feature is determined at the start of the policy (depending on the plan offered) and cannot be changed.

The sum assured of your plan is fixed at the start of the policy. However, if you require higher coverage, you can propose a new MaxProtector plan provided you do not exceed the maximum sum assured limit per life. Please call the Customer Service hotline at 1800 363 3333 for more information.

Yes. You can pay your future premiums through Interbank Giro. All you have to do is to fill up a new “Giro Application Form”. Please call the Customer Service hotline at 1800 363 3333 or you may download the form from www.lifeisgreat.com.sg.

Premium rates are not guaranteed and may be adjusted based on future experience. The Company may amend the rates of premium at any time with at least 45 days notice before the next premium due date.

You are given 30 days grace period from the due date of the premium to make the premium payment. If your policy has acquired enough surrender value, the Company will automatically grant an Automatic Premium Loan (APL), whereby the premium will be deducted from the surrender value at the prevailing  interest rate (non-guaranteed) and the cover continues.

The policy will continue for as long as there is enough surrender value to fund for the premiums and interest.

Policy Loan is not available for MaxProtector.

The Company will refund a percentage of the total premiums paid (depending on the plan offered) less APL and interest.

The Company will refund a percentage of the total premiums paid (depending on the plan offered) including premiums waived (if any).

MaxProtector covers Death or Total and Permanent Disability. If either one of the events happens, the sum assured less major cancer benefit paid out (if any) is payable in one lump sum and the policy terminates.The maximum disability benefit per life for all OAC policies is $2,000,000.

If you are diagnosed with major cancer, an advance payout of 20% of the basic sum assured will be payable in one lump sum if no claims have been made before. Major Cancer Benefit shall not exceed $650,000 per life for all OAC policies.

The policy will continue with the remaining 80% of the basic sum assured and all future premiums will be waived from the next policy anniversary. If there is no further claim until the end of the policy term, you will get back a percentage of the total premiums paid (depending on the plan offered), including premiums waived (if any).

You may call the Customer Service hotline at 1800 363 3333 if you wish to make a claim or you may download the form from www.lifeisgreat.com.sg.

Section 73 is allowed for MaxProtector as well as Assignment.

If you have any queries on MaxProtector, please call the Customer Service hotline at 1800 363 3333.