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Mortgage Insurance - Fixed Coverage
Benefits
- Provide financial protection in an unfortunate event (e.g.Death, Total Permanent Disability (TPD), Terminal Illness and Critical Illness)
- Can be used to cover your outstanding mortgage and possibly other liabilities
Our 3 plans and their features
- MaxTerm Enhanced – Term plan with financial protection in the event of Death, Total Permanent Disability (TPD) and Terminal Illness
- MaxTerm Enhanced (CI) – Term plan with financial protection in the event of Death, Total Permanent Disability (TPD), Terminal Illness and Critical Illness
- Mortgage AccidentCare – Yearly renewable term plan which provides financial protection in the event of death caused by accidents only
Enhanced
Enhanced (CI)
AccidentCare
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Events covered |
Death |
Death 37 Critical Illness
37 Critical Illnesses
^Angioplasty pays 10% of the basic sum assured or up to S$25,000. |
Only death caused by accidents |
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Refund of premiums paid when no claims were made during the policy term |
No refund |
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Surrender value for early termination of the insurance |
No surrender value in the event |
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Frequency of premium payments |
You can choose to make monthly or yearly payments. |
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Medical check-up requirements |
Yes. It depends on your age |
No^ |
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^This plan is exclusive for OCBC mortgage customers applying for sum assured up to S$2 million.
Want to know more?
Get us to call you by
providing your contact details
Call us
(65) 6722 2293
Operating hours are from
9am to 6pm, Mondays to Fridays
(excluding public holidays)
Important notices
- Important notes for Mortgage AccidentCare
- Important notes for MaxTerm Enhanced & MaxTerm Enhanced (CI)
- Policy Owners’ Protection Scheme
Important notes for Mortgage AccidentCare
Mortgage AccidentCare is a yearly renewable personal accident plan underwritten by The Great Eastern Life Assurance Company Limited, a member of the OCBC Group, and is not a deposit or obligation of, or guaranteed by OCBC Bank.
It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost.
This material is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. A person interested in the insurance policy should read the product summary before deciding whether to buy this product.
No representation and warranty whatsoever in respect of any information provided herein is given by OCBC Bank and it should not be relied as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information is subject to change without notice. OCBC Bank shall not be liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of the person acting on the information provided herein.
Important notes for MaxTerm Enhanced & MaxTerm Enhanced (CI)
MaxTerm Enhanced and MaxTerm Enhanced (CI) are underwritten by The Overseas Assurance Corporation Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and are not deposits or obligations of, or guaranteed by OCBC Bank. You may wish to seek advice from a financial adviser before making a commitment to purchase a life policy. In the event that you choose not to seek advice from a financial adviser, you should consider whether the life policy in question 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.
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.
The material is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration (available from OCBC Bank) before deciding whether or not to buy this product.
No representation and warranty whatsoever in respect of any information provided herein is given by OCBC Bank and it should not be relied as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information is subject to change without notice. OCBC Bank shall not be liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of the person acting on the information provided herein.
Policy Owners’ Protection Scheme
These plans are 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).
