Investment-linked insurance plan (ILIP)
Build your wealth while protecting what matters
An investment-linked plan that builds your wealth while protecting you and your family.
Investment
The premiums you pay will be invested in professionally-managed and well-diversified funds of your choosing that suit your risk appetite and investment objectives.
A premium allocation rate applies for each year, which determines how much of your premiums goes towards your investments.
You can choose to pay your premiums over either 10 or 20 years.
The cash value of your plan will depend on the performance of the funds you invest in.
Your investments are not guaranteed and are subject to investment risks, including the potential loss of your capital.
The premiums you pay will be invested in professionally-managed and well-diversified funds of your choosing that suit your risk appetite and investment objectives.
A premium allocation rate applies for each year, which determines how much of your premiums goes towards your investments.
You can choose to pay your premiums over either 10 or 20 years.
The cash value of your plan will depend on the performance of the funds you invest in.
Your investments are not guaranteed and are subject to investment risks, including the potential loss of your capital.
Insurance
Be protected against Death, Accidental Death, Total and Permanent Disability (TPD) and Terminal Illness (TI), with optional coverage for Critical Illness and Early Cancer.
Although your policy matures at the end of the policy year when the life assured is age 80, you can choose to extend it by another 20 years without answering any underwriting (health-related) questions.
As insurance charges and policy fees are paid through the deduction of investment units, your policy will be terminated and you will lose your insurance coverage if the account value of the policy is not sufficient to pay all fees and charges.
Be protected against Death, Accidental Death, Total and Permanent Disability (TPD) and Terminal Illness (TI), with optional coverage for Critical Illness and Early Cancer.
Although your policy matures at the end of the policy year when the life assured is age 80, you can choose to extend it by another 20 years without answering any underwriting (health-related) questions.
As insurance charges and policy fees are paid through the deduction of investment units, your policy will be terminated and you will lose your insurance coverage if the account value of the policy is not sufficient to pay all fees and charges.
Flexibility during emergencies
You can take premium holidays (pause your payments) or make partial withdrawals at no extra charge, to tide you over emergencies.
You can take premium holidays (pause your payments) or make partial withdrawals at no extra charge, to tide you over emergencies.
Hassle-free application
Answer just 2 underwriting (health-related) questions.
Answer just 2 underwriting (health-related) questions.
This is not a savings or fixed deposit account, or a pure protection insurance product. It is an investment-linked insurance plan with risks. If you want insurance protection only, you should consider other insurance products which might be more appropriate.
Mark's profile:
25 years old (age next birthday)
He buys an Investment-linked Insurance Plan with a goal of S$100,000 and opts for the Accelerated Critical Illness and Early Cancer Rider
Non-smoker
He pays S$325 every month for 20 years
Total premiums to be paid: S$78,000
Sum assured: S$100,000
During the policy term, Mark is covered for
Death, Terminal Illness, Total & Permanent Disability and Critical Illness
Higher of (i) the basic sum assured plus the total amount of single premium top-ups (if any) less the total amount of withdrawals (if any); and (ii) 105% of the account value
Accidental Death
Additional payout of an amount equivalent to the death benefit
Early Cancer
Additional payout of S$25,000
*Illustrated at 6% a year investment return
All ages specified refer to age next birthday. The figures used are based on an illustrated investment rate of return (IIRR) of 6% a year and the selected fund is GreatLink Lifestyle Balanced Portfolio. The account value at age 35 is illustrated to be S$34,940 at IIRR of 4% a year and S$41,669 at IIRR of 8% a year. The surrender value at age 45 is illustrated to be S$88,967 at IIRR of 4% a year, and S$133,063 at IIRR of 8% a year. The maturity benefit is illustrated to be S$209,212 at IIRR of 4% a year, and S$1,184,101 at IIRR of 8% a year. The two rates of return used (4% a year and 8% a year) are purely illustrative and do not represent upper and lower limits on the investment performance. The actual benefits payable will depend on the actual performance of the underlying assets of the funds. The performance of the funds is not guaranteed and the surrender value may be less than the total premiums paid. The benefits of the policy may also be affected by non-payment of premiums, partial withdrawals or any alterations to your policy. If the guaranteed extension option is exercised, the accidental death benefit and other benefits which have been claimed under the policy and/or its riders will not be extended. Please refer to the policy illustration and product summary for more information.
Eligibility requirements
Age
1 month to 55 years old (age next birthday)
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).
or contact us at 1800 363 3333
Our hotline is available 24 hours a day.
Calling from overseas? Please contact +65 6363 3333.
Important notes
All ages specified refer to age next birthday.
Investment-linked Insurance Plan 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 buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The value of the units in the Fund(s) and the income accruing to the units, if any, may fall or rise. Please refer to Fund Details and Product Highlights Sheet for the specific risks of the Fund(s). Past performance is not necessarily indicative of future performance.
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.
OCBC Bank, its related companies, their respective directors and/or employees (collectively “Related Persons”) may or might have in the future interests in the investment products or the issuers mentioned herein. Such interests include effecting transactions in such investment products, and providing broking, investment banking and other financial services to such issuers. OCBC Bank and its Related Persons may also be related to, and receive fees from, providers of such investment products.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information presented as at 16 April 2020.