The impact of income loss when you are the sole breadwinner can be devastating to your family's plans. Income protection will ensure that your family is protected.
Protect your income; Safeguard your family’s future.
MaxFamily Protector is a term insurance plan that can help to replace the loss of income in the event of Death, Total and Permanent Disability (TPD)1 or even Critical Illnesses (CI)2 (optional cover), keeping your family's ability to meet current expenses and future goals.
With MaxFamily Protector, you can enjoy the following:
A lump sum payout of 3 times the Annual Income Benefit (AIB) immediately in the event of Death, TPD1 or even CI2 (optional cover).
A yearly stream of AIB following the lump sum payout payable from the next policy anniversary until the end of the policy term.
A Maturity Benefit of 3 times the AIB payable at the end of the policy term, if there is no claim made during the policy term.
A choice of your preferred policy term from 10-30 years.
Tom, a 30-year-old non-smoker, pays an annual premium of S$6,527.50 for a MaxFamily Protector (CI)2 plan with a policy term of 20 years and an Annual Income Benefit of S$50,000.
Click here to see an example of a claim scenario (for illustration).
Find out how MaxFamily Protector works best for you and your family.
Call our hotline 67222 293
to speak to our Financial Protection Specialist!
Note 1 Coverage for TPD ceases upon the policy anniversary on which the Life Assured's age nearest birthday is 66 years old.
2 For MaxFamily Protector with Critical Illness, premium rates are non-guaranteed and may be adjusted based on future experience.
Important Notice
MaxFamily Protector is underwritten by The Overseas Assurance Corporation Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited 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.
