Max Single Premium Yield – a single premium endowment product that offers you potential returns of up to 5.1%* over a tenure of just 3 years. You will also receive financial protection against Death and Total and Permanent Disability during the policy term.
*This consists of a non-guaranteed terminal bonus of 1.7% of single premium at the end of policy year 3, and 2 yearly guaranteed survival benefit of 1.7% of the single premium for policy years 1 and 2 respectively. As the bonus rates used for the benefits illustrated above are not guaranteed at the end of policy year 3, the actual benefits payable on policy year 3 may vary according to the future experience of the participating fund. The non-guaranteed terminal bonus of 1.7% of the single premium at the end of policy year 3 is based on a projected investment rate of return of 2.75% p.a.
Coverage includes Death and Total and Permanent Disability1.
Choose to receive S$850 cash payout2 at the end of policy Year 1 and 2.
Choose to accumulate your S$850 cash payout2 at a non-guaranteed interest rate of 3.00% p.a.3
Maturity benefit consists of non-guaranteed 1.7%4 terminal bonus of S$850 and the initial single premium paid.
Get total payouts of up to 5.1%* of your single premium at the end of your policy term!
FOR OPTION 1
Receive S$52,5505 by the end of the policy term.
FOR OPTION 2
Receive S$52,6276 by the end of the policy term.
For cash payment: 1 year age next birthday
For SRS payment: 22 years age next year
For cash and SRS payment: 77 years age next birthday
Max Single Premium Yield 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 benefit/ policy illustration and product summary (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 available for a limited period with a limited tranche only. Availability is on a first-come-first-served basis with premiums fully paid to The Great Eastern Life Assurance Company Limited. In the event that total subscriptions exceed the tranche size, The Great Eastern Life Assurance Company Limited reserves the right to reject an application and refund the single premium.
This plan 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).