GREAT TERM 2
Comprehensive coverage for you and your family
An affordable term life insurance plan to meet your protection needs.
Boost your protection at affordable premiums
Get covered for Death and Terminal Illness.
Enhance your protection
Choose to cover till 85 years old (age next birthday) for more security. For enhanced coverage, you can add optional riders to cover Total & Permanent Disability and up to 121 Critical Illness conditions.
Pay the same premium throughout the policy term
Do not have to worry about rising premiums over time (applies to Death, Total & Permanent Disability and Terminal Illness coverage only).
Convert your policy to cover whole of life
As your needs changes, you can convert this policy to a life policy offering cash value, regardless of your health status.
This is not a fixed or savings deposit. It is a term insurance plan. For conversion to Universal Life policy, terms and conditions apply.
Allan's profile:
35 years old
Married with kids and non-smoker
Policy details:
He chooses a sum assured of S$1,000,000 with coverage term up to age 65 (30-years policy term).
He adds Living Care Rider 2 (covers 53 critical illnesses) with a sum assured of S$300,000 with coverage term up to age 65 (30 years policy term).
His premium is S$134.50 (S$79.50 + S$55.00) a month.
The figures used are for illustrative purposes only. All ages specified refer to age next birthday. Premium rates for the Living Care Rider 2 are not guaranteed and may be adjusted based on future experience.
Find out how much coverage you need
Get personalised suggestions for each type of coverage on the OCBC app.
Eligibility requirements
Age (next birthday)
1 to 75 years old
Important notices
Policy Owners' Protection Scheme
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).
Important notes
GREAT Term 2 is underwritten by Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited, part 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 this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely. 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 benefits at the same cost.
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 28 January 2026.
Try it now
Start planning via the OCBC app
Open the all new OCBC app > Login > Click on ‘Plan’ > Under ‘Insure’, click on ‘Calculate your needs’ .
If you are still on the previous version of the app, then click on ‘Insure and stay protected’ after logging in.
