GREAT TERM
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 100 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 and a coverage term of 30 years
He adds Living Care Rider (covers 53 critical illnesses) with a sum assured of S$300,000 and a coverage term of 30 years
His premium is S$113.85 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 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 Digital 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 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 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 25 May 2021.
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