PremierLife Generation III Singapore | OCBC Bank
PREMIERLIFE GENERATION III

Secure a lasting legacy for the next generation.

Why you will love this

Lifetime monthly income from the 5th policy year

Lump sum inheritance for your next generation

Eligibility

Minimum age: 1 year old

Maximum age: 70 years old

PremierLife Generation III is a single premium, whole of life participating insurance plan that enables you to address both your retirement and wealth transfer needs.

It is not a fixed or savings deposit. This is a SGD-denominated plan.

Key benefits
How it works

Planning for 2 generations

Mr Lim's Profile:

45 years old

Married with 2 children

The figures used are for illustrative purposes and subject to rounding. Please refer to the policy illustration for the exact values. The illustrated figures consist of guaranteed benefits and non-guaranteed bonuses. The non-guaranteed bonuses are based on an illustrated investment rate of return at 4.75% p.a. Based on an illustrated investment rate of return at 3.25% p.a., Mr Lim will receive S$629 monthly from the 5th – 9th policy year; S$641 monthly from the 10th – 14th policy year; S$660 monthly from the 15th – 19th policy year and S$689 monthly from the 20th policy year onwards. He would receive S$289,197 during his lifetime and his family would get an inheritance of S$405,750. The total benefit he and his family would receive is S$694,947. The actual benefits payable is dependent on the future performance of the participating fund.

Ways to apply

Sign up for PremierLife Generation III

ADDITIONAL INFORMATION

Important Information on PremierLife Generation III

  • Important Notice

    All ages specified refer to age next birthday.

    PremierLife Generation III is 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. This plan is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it.

    PremierLife Generation III is only available in SGD currency.

    This document does not take into account your particular investment and protection aims, financial situation or needs. You may want to seek advice from a financial adviser before committing to buy the product. If you choose not to seek advice from a financial adviser, you should consider whether the product is suitable for you.

    As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.

    This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product.

    We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.

    This advertisement has not been reviewed by the Monetary Authority of Singapore.

    Information presented as at 9 September 2019.

  • Policy Owners' Protection Scheme

    This policy is protected under the Policy Owners' 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).