Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Important Notes

Insurance policies will be underwritten by The Great Eastern Life Assurance Company or The Overseas Assurance Corporation Limited, each a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and are not bank deposits or obligations of, or guaranteed by OCBC Bank. Max is a registered trademark of The Overseas Assurance Corporation Limited. You may wish to seek advice from a financial adviser before committing to buy a policy. If you choose not to seek advice from a financial adviser, you should consider if the policy is suitable for you. 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 benefit at the same cost. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. If you decide that the policy is not suitable after purchasing it, you may terminate the policy in accordance with the free look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy. This document is not an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. Other terms and conditions apply. The insurance plans are 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).

Risk Profile Tips

You prefer to take a very conservative approach toward risks and returns. You focus on stable growth and accept lower risk.

You focus on earning potentially more than deposit interest on your investment, and accept some risk in products that spread your investment.

You focus on earning moderate potential returns and accept risk in both diversified and focused products.

You focus on achieving higher potential returns and are willing to accept the loss of some or all of your investment.

You focus on achieving significantly higher potential returns and are willing to accept the loss of all or more than your investment.

Risk Profile Tips

You prefer to take a very conservative approach toward risks and returns. You focus on stable growth and accept lower risk.

You focus on earning potentially more than deposit interest on your investment, and accept some risk in products that spread your investment.

You focus on earning moderate potential returns and accept risk in both diversified and focused products.

You focus on achieving higher potential returns and are willing to accept the loss of some or all of your investment.

You focus on achieving significantly higher potential returns and are willing to accept the loss of all or more than your investment.

The OCBC Education Planner is designed to illustrate potential future education costs based on information provided by you and does not consider your specific investment objectives, financial situation and particular needs. The illustration shall not be regarded as recommendation or advice by the Bank. The amount calculated is meant to illustrate combined tuition and living expenses based on the assumptions below. Actual cost may vary depending on economic conditions. The information and analysis provided by these tools are based on various assumptions, which are subject to change at any time without notice.

The age of university studies is assumed at 19 years old for girls and 21 years old for boys, due to 2 years National Service commitment for boys in Singapore.

First-year average tuition cost is based on the average of latest first-year General and Medicine degree costs released by three sampled universities for each country:
USA (Private): Stanford University, Columbia University and the University of Pennsylvania.
USA (State): University of Michigan, University of Wisconsin-Madison and the University of California, Berkeley (General only).
Canada: University of Toronto, McGill University and the University of British Columbia (General only).
UK: University of Oxford, University of Cambridge and the Imperial College London.
Australia: University of Melbourne, University of Sydney and University of Queensland.
New Zealand: University of Auckland, University of Otago and Victoria University of Wellington (General only).
Singapore: National University of Singapore, Nanyang Technological University and Singapore Management University (General only).

For USA, Canada, UK, Australia and New Zealand, the amount is based on the figures available from Edupoll's study abroad website (www.edupoll.org).
For Singapore, this is based on the average of figures from three websites: NUS Office of Admissions (www.nus.edu.sg), NTU Undergraduate International Admissions website (admissions.ntu.edu.sg) and SMU International Students Useful Information (www.smu.edu.sg).

Inflation rate for tuition and living costs is based on 10-year geometric averages published by the statistics bureau for each country:
USA: Bureau of Labor Statistics CPI for Education and All, from 2005 - 2014.
Canada: Statistics Canada CPI for Education and All, from 2005 - 2014.
UK: Office for National Statistics data CPI for Education and All, from 2005 - 2014.
Australia: Australian Bureau of Statistics CPI for Education and All, from 2005 - 2014.
New Zealand: Statistics New Zealand CPI for Education and All, from 2005 - 2014.
Singapore: Yearbook of Statistics Singapore 2014 CPI Education & Stationery, Tuition Fees for Polytechnics & Local Universities, and All from 2005 - 2014. Statistics Singapore - Time Series on CPI (2009=100) & Inflation Rate (Year 1980 - 2014).

Depending on the risk profile that you have selected, an average range of 2% - 7% is being used.

Based on average exchange rates published by www.oanda.com using interbank +1%, from 1 Jan to 1 Aug 2015.

By provision of your contact details, you consent for OCBC Bank to send Marketing messages related to the above content.

The information is intended for general circulation only. It does not consider the specific investment objectives, financial situation or needs of anyone. Before you make an investment, you should speak to a financial adviser who will assess whether the products are suitable to you based on your investment objectives, financial situation or needs. If you choose not to do so, you should consider if the investment product is suitable for you.
We are not making an offer, nor solicitation to buy or sell or subscribe for any security or financial instrument, enter into any transaction or participate in any trading or investment strategy with you through this document.