This is not a fixed or savings deposit. It is a non-participating endowment insurance plan.
The figures used are for illustrative purposes only and are subject to rounding. Please refer to the policy illustration for the exact values. The non-guaranteed payout is based on an illustrated accumulation interest rate of 3.00% per annum. Based on an illustrated accumulation interest rate of 1.50% per annum, the total payout at the end of year 3 will be 52,360 SGD. The accumulation interest rate is not guaranteed and can be changed from time to time.
GREAT SP Series 3 is a single premium plan. You only need to make a one-time payment. The minimum premium amount will depend on the entry age and the payment method.
| Age next birthday | Cash | Supplementary Retirement Scheme (SRS) funds |
|---|---|---|
| 65 and below | 10, 000 SGD | 10, 000 SGD |
For 66 to 75 years old (age next birthday), the minimum premium will be slightly higher, depending on the payment method selected.
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:
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.
Yes, you can buy multiple policies.
Yes, you can apply at any OCBC branch. Our OCBC Personal Financial Consultant will help you with the application.
Apply online
Singaporeans and Singapore PRs between 19 and 75 years old (age next birthday)
Apply at OCBC Branches
Anyone between 1 and 75 years old (age next birthday)
Alternatively, you can get us to contact you.
You will be leaving the OCBC Bank website to access Great Eastern’s website.
By clicking on “Apply now”, you acknowledge the following:
Total & Permanent Disability refers to an irrecoverable state of incapacity to perform any work or occupation to earn any income.
It may also refer to the following total and irrecoverable disability:
You are advised to read the policy contract for the exact definitions and full list of exclusions.
Option to leave your guaranteed yearly payouts with us to earn additional non-guaranteed interest, or receive the payouts at the end of policy years 1, 2 and 3.
If you are buying this plan on OCBC Mobile Banking app, we will accumulate the guaranteed payouts for you by default.
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).
GREAT SP Series 3 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.
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 1 April 2021.
