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MaxTerm
Ins_Lfe_Tmp_MaxTerm_b If whole life insurance is not within reach, and you need high coverage, do not despair. MaxTerm is a simple but smart term insurance plan that gives you the protection you need.
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 Benefits
MaxTerm offers a choice of 2 plan types to suit your needs.

Choice of 2 plan types

  • MaxTerm
    • Coverage for Death, Total and Permanent Disability (TPD)1 and terminal illness.
  • MaxTerm (CI)
    • Coverage for Death, TPD1 and 30 Critical Illnesses
Payment of sum assured in one lump sum in the event of death, total & permanent disability or terminal illness.
Premiums are based on entry age, gender,  sum assured and smoker status.

Choice of policy term from 5 - 40 years.

Premiums can be paid annually or monthly (Giro only). The minimum amount per instalment for GIRO is $20.
 Eligibility
Entry Age for Life Assured must be aged between 17 and 70 years old (age nearest birthday).

Notes

1 Coverage for TPD ceases upon the policy anniversary on which the Life Assured’ s age nearest birthday is 66 years old.


 

Important Notice
MaxTerm is underwritten by Overseas Assurance Corporation Ltd, a wholly-owned subsidiary of Great Eastern Holdings Ltd and a member of the OCBC Group, and are not deposits or obligations of, or guaranteed by OCBC Bank. Terms and conditions apply. Max is a registered trademark of The Overseas Assurance Corporation Limited.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. 

It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost.

You may wish to seek advice from a financial adviser before making a commitment to purchase a life policy. In the event that you choose not to seek advice from a financial adviser, you should consider whether the life policy in question is suitable for you.

The above is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration (available from OCBC Bank) before deciding whether to buy this product.

No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.

OCBC Bank, its related companies, their respective directors and/or employees (collectively “Related Persons”) may have positions in, and may effect transactions in the products mentioned herein. OCBC Bank may have alliances with the product providers, for which OCBC Bank may receive a fee. Product providers may also be Related Persons, who may be receiving fees from investors. OCBC Bank and the Related Persons may also perform or seek to perform broking and other financial services for the product providers.

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