As you progress through life, your financial commitment grows. Have you wondered how you can protect your life goals if the unfortunate were to happen to you? Protect your life goals with term insurance.
Term insurance provides high protection coverage at an affordable price over the policy duration. In unforeseen circumstances, you or your family members will receive a lump sum payout which you can use to pay off your outstanding liabilities, or provide an income for your loved ones.
From as low as S$2.30/day1, a 35-year-old receive S$700,000 coverage for 30 years
The earlier you purchase MaxTerm Value / MaxTerm Value (CI), the more affordable it is.
|MAXTERM VALUE||MAXTERM VALUE(CI)|
|Total and Permanent Disablity (TPD)||✔||✔|
|Terminal Illness (TI)||✔||✔|
|Critical Illnesses (CI)||✕||✔|
|Subject to financial underwriting|
|Premiums stay the same throughout the policy term2||✔||✕|
Ms Tan pays S$819 yearly until age 65*. There is no refund of premiums if no claims are made at the end of the policy term.
Ms Tan pays S$819 yearly. The unfortunate (death, TPD or TI) strikes her at age 45*. A lump sum of S$700,000 will be paid out to her and/or her family.
Use the exclusive S$108 Premium voucher to purchase SupremeHealth (a Medisave-approved Integrated Shield Plan) as early as 15 days after your child is born to give him/her protection. Protect your child with hospitalisation and surgical benefits, including emergency medical treatment outside Singapore.
For more information, please contact our Financial Protection Specialists at 6722 2293.
MaxTerm Value and MaxTerm Value (CI) are provided by The Great Eastern Life Assurance Company Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. 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, if any, may be less than the total premiums paid. It is usually detrimental to replace an existing accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more, or have less benefits at the same cost. The above is for general information only. It is not a contract or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. Investors may wish to seek advice from a financial adviser before making a commitment to purchase a life policy. In the event an investor choose not to seek advice from a financial adviser, he should consider whether the life policy in question is suitable for him. The specific terms and conditions of the plan are set out in the policy documents. No representation or warranty whatsoever (whether on adequacy or usefulness or otherwise) is given by OCBC. OCBC 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.
This plan is protected under the Policy Owner's Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg)
Operating hours are from 9am to 6pm, Monday to Friday (Excluding public holidays)
1Based on a female, non-smoker, Singaporean, 35 years old (age next birthday) who bought a 30-year MaxTerm Value of sum assured S$700,000.
2 Premium rates for MaxTerm Value are guaranteed and stay the same throughout the policy term. For MaxTerm Value (CI), the premiums are not guaranteed and may be adjusted based on the future critical illness claims experience.