We offer solutions covering business bonds and guarantees, property protection, equipment protection and commercial vehicle insurance.
General Insurance
The right protection for every business commitment
Whether you need to meet contract requirements, protect business assets or fulfil regulatory obligations, we offer a range of insurance solutions to support your business needs.
Solutions available
Performance Bond
Meet project requirements while preserving working capital
Support project and contract requirements without tying up cash or existing banking facilities, helping your business stay ready for growth opportunities.
- Preserve cash for day-to-day operations and business growth
- Reduce reliance on existing credit facilities, subject to approval
- Accepted by public sector agencies and major private developers
- Issued in as fast as 3 working days with minimal paperwork
- Construction companies
- Engineering companies
- Contractors
Rental Bond
Reduce cash tied up in rental deposits
Meet tenancy requirements while keeping more working capital available for your business.
- Lower upfront cash outlay for rental deposits
- Preserve working capital for operations and expansion
- Reduce concerns over delayed deposit refunds
- Issued in as fast as 3 working days with minimal paperwork
- Businesses renting commercial premises
- Retailers
- Warehouse operators
- Factory tenants
Foreign Worker Bond
Meet MOM requirements with less upfront cash
Fulfil mandatory bond requirements for Work Permit holders without setting aside the full bond amount upfront.
- Meet mandatory MOM bond requirements
- Preserve cash for business operations
- Preferential pricing available for eligible employers
- Issued in as fast as 3 working days with minimal paperwork
- Construction companies
- Manufacturers
- Marine and engineering businesses
- Employers of non-Malaysian Work Permit holders
No endownment plan for this option
Try a different goal or time period.
Fire Insurance
Protect your property from unexpected losses
Safeguard your business premises against fire and selected natural disasters, helping you recover and resume operations faster.
- Reduce the financial impact of major property losses
- Support business continuity and recovery
- Flexible coverage based on your business needs
- Available alongside eligible commercial property financing
- Property owners
- Retailers
- Wholesalers
- Manufacturers
- SMEs operating from commercial premises
Machinery & Equipment Insurance
Protect the equipment your business depends on
Cover valuable machinery and equipment against accidental damage, theft and other unforeseen events.
- Protect valuable business assets
- Reduce disruption to operations
- Flexible coverage to match business requirements
- Option to align insurance coverage with equipment financing tenure
- Manufacturers
- Industrial businesses
- Construction companies
- Engineering firms
- Companies with specialised equipment
Motor Insurance
Protect the vehicles that keep your business moving
Help safeguard commercial vehicles against accidents, theft and damage while meeting regulatory requirements.
- Fulfil mandatory insurance requirements
- Protect against unexpected vehicle-related losses
- Fleet coverage options available
- Simplify administration for multiple vehicles
- Logistics companies
- Transportation businesses
- Construction firms
- Manufacturers
- Businesses operating commercial vehicles
No endownment plan for this option
Try a different goal or time period.
Work Injury Compensation Insurance
Meet WICA requirements and protect your workforce
Support your obligations as an employer while helping protect your business against workplace injury claims.
- Meet WICA requirements
- Protection against work-related injury claims
- Common Law coverage of up to S$10 million
- Fast turnaround with minimal paperwork
- SMEs
- Manufacturers
- Construction companies
- Businesses employing manual workers
Foreign Worker Medical Insurance
Meet MOM requirements while managing healthcare costs
Provide required medical coverage for foreign employees while helping manage healthcare expenses.
- Meet MOM requirements
- Coverage options of up to S$100,000
- Optional co-payment waiver rider available
- Helps manage unexpected medical expenses
- Employers of Work Permit holders
- Employers of S Pass holders
Public Liability Insurance
Protect your business against third-party claims
Help manage the financial impact of claims arising from third-party injury or property damage.
- Protection against costly liability claims
- Flexible coverage limits
- Reduce the impact of unexpected incidents
- Support business continuity
- Retailers
- Distributors
- Manufacturers
- Property owners
Great Assurance
Protect income when illness or injury affects your ability to work
Provide income protection for business owners and employees when they are unable to work due to injury or occupational disability.
- Monthly occupational disability income benefit
- Weekly accident income support
- 24/7 worldwide coverage
- Complements existing medical insurance
- Business owners
- Self-employed individuals
- Employees
No endownment plan for this option
Try a different goal or time period.
Frequently Asked Questions
What types of General Insurance solutions are available?
Which solution is right for my business?
The right solution depends on your industry, operational needs, assets and regulatory requirements.
Can these solutions help preserve working capital?
Certain bond solutions may reduce the need to lock up significant amounts of cash, subject to underwriting approval.
Are any of these solutions mandatory?
Certain products may be required depending on your business activities, such as Foreign Worker Bonds and Motor Insurance.
How quickly can coverage be arranged?
Selected bond solutions can be issued in as fast as 3 working days with minimal paperwork.
Important Notes
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Disclaimers
These business insurance plans comprise of various general or life insurance coverage underwritten by Great Eastern General Insurance Limited or The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and is not a deposit in or obligation of, or guarantee by OCBC Bank.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
This is for general information only and does not take into account your particular investment and protection aims, financial situation or needs. You should seek advice from a financial adviser before committing to a purchase. Otherwise, you should consider the suitability of the investment. 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. Specific terms and conditions are applicable to insurance policies and these details are set out in the policy contract. The general insurance policies are subject to the Premium Payment Warranty which requires premium to be paid and received by Great Eastern General Insurance Ltd within 60 days of the inception date of the coverage under the general insurance policies. A person interested in the general insurance policies should read and understand all the policy documents relating to the general insurance policies (including the Proposal Form for BizProtect Plus Plan provided by Great Eastern General Insurance Ltd) before deciding whether to apply for the general insurance policies.
Investments are subject to investment risks, including the possible loss of the principal amount invested.
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 statements, 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. -
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 General Insurance Association (GIA) or the Life Insurance Association (LIA) or SDIC websites.
Underwritten by
Great Eastern
Great Eastern