MaxLife Protector 2 is a regular premium whole life insurance plan with a limited premium payment term of 15 years. You will receive financial protection in the event of death, total and permanent disability (TPD) or terminal illness (TI).
Your coverage will increase progressively with non-guaranteed bonuses added to the basic sum assured.
MaxLife Care 2
Attach this rider to enjoy a cash payment of the basic sum assured and all non-guaranteed bonuses of MaxLife Protector 2 if you are diagnosed with any of the 37 critical illnesses (CI)1; and carcinoma-in-situ (pre-cancer) and early-stage cancer benefit2 which either pays 20% of the basic sum assured or S$20,000 (whichever is the lesser amount), plus any non-guaranteed bonuses that apply following diagnosis.
Attach this rider to enjoy guaranteed yearly cash payouts3 of 1% of the basic sum assured starting from the 15th policy anniversary.
Mr Tan bought MaxLife Protector 2 with a basic sum assured of S$100,000. He is 30 years old1 and a non-smoker.
Use the exclusive S$108 Premium voucher to purchase SupremeHealth (a Medisave-approved Integrated Shield Plan) as early as 15 days after your child is born to give him/her protection. Protect your child with hospitalisation and surgical benefits, including emergency medical treatment outside Singapore.
For more information, please contact our Financial Protection Specialists at 6722 2293.
MaxLife Protector 2 and the riders, MaxLife Care 2 and MaxLife Rewards, are provided by The Overseas Assurance Corporation Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. These plans are not bank deposits and OCBC Bank does not guarantee or have any obligations in connection with them. Max is a registered trademark of The Overseas Assurance Corporation Limited.
You may want to seek advice from a financial adviser before committing to buy the products. If you choose not to seek advice from a financial adviser, you should consider whether the products are suitable for you.
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.
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 benefit 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 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)