GREAT SP Series 5A

Guaranteed returns of 1.20% per annum at the end of 2 years

Why you will love this

Short 2-year commitment

100% capital guaranteed after 2 years

Apply online in less than 10 minutes

Who is eligible

Online:
Singaporeans and Singapore PRs between 19 and 75 years old (age next birthday)

At OCBC branches:
Anyone between 1 and 75 years old (age next birthday)

 

Get Complimentary Accidental Cover Booster with this planFind out more

A 2-year single premium insurance plan. Limited time only. Sign up now!

Features and benefits

Guaranteed returns of 1.20% per annum after 2 years

100% capital guaranteed after 2 years

Pay using cash or your Supplementary Retirement Scheme (SRS) funds

No medical check-up required

Insurance coverage for Death and Total & Permanent Disability

Yearly payout option

This is not a fixed or savings deposit. It is a non-participating endowment insurance plan.

How it works

You have the option to receive a one-time payout or yearly payouts. One-time payout gives you a potentially higher return at the end of year 2, while yearly payouts give you returns at the end of years 1 and 2.

The illustration below describes the one-time payout option.

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 2.50% per annum. Based on an illustrated accumulation interest rate of 1.00% per annum, the total payout at the end of year 2 will be 51,206 SGD. The accumulation interest rate is not guaranteed and can be changed from time to time.

Promotion

Complimentary Accidental Cover Booster

Complimentary Accidental Cover Booster

Enjoy greater peace of mind while you grow your money with Complimentary Accidental Cover Booster benefit of 5 times of the total single premium paid for GREAT SP Series 5A, subject to a maximum cap of 1 million SGD per life insured.

You must be 70 years old (age next birthday) or below when the policy is issued. Terms and conditions apply

Enjoy greater peace of mind while you grow your money with Complimentary Accidental Cover Booster benefit of 5 times of the total single premium paid for GREAT SP Series 5A, subject to a maximum cap of 1 million SGD per life insured.

You must be 70 years old (age next birthday) or below when the policy is issued. Terms and conditions apply

Before you apply
Common questions
Is GREAT SP Series 5A a regular premium insurance plan? How much money do I need to set aside?

GREAT SP Series 5A is a single premium insurance 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.

What is the minimum one-time payout that I will receive at the end of 2 years?

Based on accumulation option, at the end of 2 years, your one-time payout will consist of 3 components:

  1. Full money back: Get back the full amount of money which you had set aside.
  2. Guaranteed payout: Receive 1.20% guaranteed yearly payout of the money which you had set aside.
  3. Accumulated interest: This refers to the additional non-guaranteed interest on the yearly payout.

You can also choose to receive yearly guaranteed payouts at the end of years 1 and 2. To opt for yearly payouts, you can apply on your browser or visit any OCBC branch.

Can I buy more than 1 GREAT SP Series 5A policy?

Yes, you can buy multiple policies.

Can I buy GREAT SP Series 5A policy for my spouse or child?

Yes, you can apply at any OCBC branch. Our OCBC Personal Financial Consultant will help you with the application.