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Accounts - 360 Account - Insure Bonus

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Frequently asked questions

  • How do I qualify for the Insure Bonus interest?

    You need to purchase any eligible insurance product of at least the minimum amount through OCBC Bank to earn up to 1.2% a year. Purchases of the same financial product will be aggregated, if their effective date post free look/cancellation period or 14 days, whichever is longer, falls in the same calendar month.

    For illustration purpose:

    Table below shows a customer who purchases an eligible financial product in November 2020, with S$25,000 account balance in November and S$75,000 from December 2020 to October 2021.

    Month Account balance Wealth Bonus Interest (% a year)
    November S$25,000 0.4%
    December S$75,000 0.4% on the first S$25,000, 0.8% on the next S$25,000 and 1.2% on the next S$25,000
    January
    February
    March
    April
    May
    June
    July
    August
    September
    October

    Note: To ensure that the product you purchase meets your financial needs, our financial consultants will perform a Financial Needs Analysis (FNA) with you in order to help you make an informed decision.

  • When will I receive the Insure Bonus?

    You will receive the Insure Bonus for 12 consecutive months after the effective date of purchase post free-look period or 14 days, whichever is later. Effective date refers to the inception date of the insurance product.

    For example:

    Effective date Effective date post free look period or 14 days First month of Insure Bonus
    1 November 15 November November (Interest will be credited in December)
    20 November 4 December December (Interest will be credited in January)

  • What happens if I subsequently purchase another eligible insurance product before the completion of my current 12-month bonus period?

    The Insure Bonus earned on your 360 Account will be extended for another 12 consecutive months after the effective date of (your most recent) purchase post free-look period or 14 days, whichever is later.

  • How can I pay for the eligible insurance products?

    There are many ways to pay for insurance products:

    • Cash, cheque or credit card (except for PrimeGold Bonus 2 which also can be purchased using funds from your SRS account (any agent bank)

  • Where can I find more information on the eligible insurance products?

    • Regular & Single Premium Endowment Insurance Plans, please click here.
    • MaxRetirement, please click here.
    • Regular Premium Protection Plans, please click here.
    • Universal Life Plans & PremierLife Legacy, please contact your Premier Banking Relationship Manager.

    Alternatively, please leave your contact details and our Personal Financial Consultants get in touch with you.

  • What insurance products are excluded from this bonus?

    These are examples of insurance products that do not qualify for this bonus:

    • Fire Insurance
    • Travel Insurance
    • Car Insurance