MaxAdvantage 8 is a participating regular premium endowment insurance plan with a policy term of 8 years. You will only need to pay your premiums for the first 2 years, and a survival benefit will help offset your remaining premiums. It allows you to grow your wealth while receiving protection.
This is NOT a fixed or savings deposit. It is an endowment insurance plan.
Grow your wealth
Receive a maturity benefit at the end of the policy term, which includes your sum assured (guaranteed) and non-guaranteed bonuses.
Receive coverage for Death, Total and Permanent Disability (TPD) and Terminal Illness (TI) throughout the policy term.
Guaranteed Issuance Offer
No medical checkup is required.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. You may receive less than the total premiums paid when your policy matures.
Ms Lee is a 40-year-old (age nearest birthday) non-smoker. She wants to buy MaxAdvantage 8 with an annual premium of S$40,000 and sum assured of S$66,278. Premiums are computed based on age nearest birthday, sum assured, smoking status and country of residency.
The figures used are for illustrative purposes only. Please refer to the policy illustration and product summary for the exact values. The non-guaranteed bonuses are based on an illustrated investment rate of return of the participating fund at 4.30% p.a. Based on an illustrated investment rate of return at 2.80% p.a., the total illustrated payout will be S$87,854 and the illustrated yield at maturity will be 1.26% p.a. The actual benefits payable will vary accordingly to the future performance of the participating fund. Please refer to the policy illustration and product summary for more information.
MaxAdvantage 8 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.
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.
This plan is protected under the Policy Owner's 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)