Yes, you can buy multiple policies.
Based on accumulation option, at the end of 3 years, your one-time payout will consist of 3 components:
- Full money back: Get back the full amount of money which you had set aside.
- Guaranteed payout: Receive 1.55% guaranteed yearly payout of the money which you had set aside.
- Accumulated interest: This refers to the additional non-guaranteed interest on the yearly payout. The accumulation interest rate is non-guaranteed and may be changed from time to time.
The accumulation interest rates of 3.00% per annum and 1.50% per annum are meant for illustrative purposes and do not represent the upper and lower limits of the accumulation. The current accumulation interest rate is at 3.00% per year.
You can also choose to receive yearly guaranteed payouts at the end of years 1, 2 and 3. To opt for yearly payouts, please apply on desktop browser or visit any OCBC branch.