This is NOT a fixed or savings deposit. It is an endowment insurance plan.
MaxWealth Premier 2 is a limited payment, regular premium endowment insurance plan. It provides you with protection against death, total and permanent disability (TPD) and terminal illness (TI) for a policy term of 20 years.
With MaxWealth Premier 2, you only need to pay regular premiums for the first 5 years of the 20-year policy term.
You will receive a survival benefit of 5% of the basic sum assured every year from the end of policy year 2 to 19 (by selecting paid-out option). At the end of the policy term, you will receive a guaranteed maturity benefit of 25% of the basic sum assured.
Alternatively, you can reinvest your payouts at a 3% p.a. non-guaranteed.
She will get a total policy benefit of S$208,778. This consists of total guaranteed survival benefits paid during the policy term, and guaranteed maturity benefit and non-guaranteed bonuses paid at maturity.
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.
MaxWealth Premier 2 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.
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.
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.
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 it 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)