MAXENDOWMENT INSURANCE SPECIAL II
Grow your wealth in 10 years while staying protected
MaxEndowment Insurance Special II grows your wealth in 10 years.
Short premium payment term
Pay premiums only for the first 5 years of the 10-year policy term. Afterwards, the Guaranteed Survival Benefit will pay off 100% of the yearly premium for the remaining policy term if the insured person survives.
Guaranteed acceptance
Hassle-free application without medical underwriting.
Insurance coverage
Receive coverage for Death, Terminal Illness (TI) and Total & Permanent Disability (TPD), as long as this policy is in effect.
This is not a fixed or savings deposit, but a participating regular premium endowment insurance plan.
Mr Lee is the sole-breadwinner in the family and wants to accumulate his wealth while protecting the future of his loved ones should the unfortunate happen to him.
Total payout
44,244 SGD
Guaranteed maturity benefit
15,742 SGD
Non-guaranteed bonuses
59,986 SGD
Total payout
All ages specified refer to age next birthday. The figures used are for illustrative purposes only and are rounded. Please refer to the policy illustration for the exact values. Premiums are computed based on sum assured. The non-guaranteed bonuses are based on an illustrated investment rate of return of the participating fund at 4.25% a year. Based on an illustrated investment rate of return at 3.00% a year, the total illustrated maturity benefit will be 54,297 SGD. The actual benefits payable may vary according to the future performance of the participating fund.
Eligibility requirements
Minimum age
15 days from birth or discharge from hospital, whichever is later
Maximum age
65 years old (age next birthday)
More information
Important notes
MaxEndowment Insurance Special II 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.
Information presented as at 1 July 2021.
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).