Group Term Life Flexi

Flexible and comprehensive coverage at affordable premiums

Flexible and comprehensive coverage at affordable premiums

What is Group Term Life Flexi

Group Term Life Flexi provides OCBC customers with comprehensive and flexible coverage at affordable premiums.

Customise your plan according to your needs with basic coverage for death, total and permanent disability and terminal illness, with the option to include additional coverage for personal accident, critical illness, disability income and medical expenses.

This is not a fixed or savings deposit. It is a group term life insurance plan.

Why is Group Term Life Flexi good for you?

Affordable premiums starting from as low as S$10.00 per month

Comprehensive and flexible benefits to suit your needs

No medical underwriting is required as acceptance is guaranteed

Extend coverage to your family and children

Eligibility Eligible Member/Spouse
Between 16 and 65 years old
(age next birthday)

Between 2 and 15 years old
(age next birthday)

Full coverage of Group Term Life Flexi

Basic plan

Group Term Life

Provides coverage for Death, Total and Permanent Disability and Terminal Illness.

Group Term Life Sum Assured
Plan A Plan B Plan C
Coverage for (i) Death due to non-accidental, (ii) Accidental death,
(iii) Total and permanent disability and (iv) Terminal illness.
Eligible Member/Spouse S$150,000 S$100,000 S$50,000
Child S$20,000 S$15,000 S$10,000

Optional riders

Choose to add on riders to enjoy more comprehensive coverage.

Group Critical Illness (Acceleration)

Provides a lump sum payout upon diagnosis of any of the 37 covered critical illnesses. After claiming for critical illness, the sum assured covered under Group Term Life shall automatically be reduced by the amount of critical illness benefit payment.

Upon death, a lump sum amount of S$3,000 (in addition to the Group Term Life sum assured) shall be payable, provided no claim has been paid for any one of the critical illnesses.

The Life Insurance Association Singapore (LIA) has standard definitions for 37 severe stage critical illnesses. You may refer to for the standard definitions.

Group Critical Illness
Sum Assured
Plan A Plan B Plan C
Coverage for (i) 37 critical illnesses and (ii) Death
Eligible Member/Spouse S$20,000 S$15,000 S$10,000
Child N.A.
Group Personal Accident

Provides a lump sum payout upon death due to accident or any specified permanent disabilities.

Group Personal
Sum Assured
Plan A Plan B Plan C
Coverage for (i) Accidental death and
(ii) Accidental total or partial permanent disability
Eligible Member/Spouse S$100,000 S$75,000 S$50,000
Child S$20,000 S$15,000 S$10,000
Group Disability Income

Pays a monthly income benefit up to 24 months, or up till 65 years old (age next birthday), whichever is earlier, if you are unable to perform any gainful occupation (including your own occupation) due to sickness or injury. The maximum monthly benefit limit is 70% of the average monthly income over the last 24 months or sum assured limit, whichever is lower.

There is a waiting period of 180 days from the date of disability.

Group Disability Income Sum Assured
Plan A Plan B Plan C
Eligible Member/Spouse S$750 per month S$500 per month S$250 per month
Child N.A.
Group Medical

Reimburses hospitalisation or surgery expenses due to illness or accident.
See full coverage information

Calculate my annual premium

Find out how much premium you’ll need to pay.

  1. Who do you want to insure

    Add coverage for:

  2. Enter date of birth
  3. Select plan type

    Optional add-ons:

  4. Your total premium

    (per annum, inclusive of 7% GST)

    Total premium per annum


    Group Term Life S$ 0.00
    Group Critical Illness (Acceleration) S$ 0.00
    Group Personal Accident S$ 0.00
    Group Disability Income S$ 0.00
    Group Medical S$ 0.00

    Please note that premium rates for the policy are not guaranteed. These rates may be adjusted based on future experience. We may amend the premium rates at any time with at least 30 days' notice before the premium due date at which the amended rates will apply. The amended rates will apply according to the age next birthday of the insured life at the date of commencement of assurance under the policy.

How to apply

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Or call our hotline

(65) 6722 2293

Mon - Fri, 9am - 5:30pm