Terms & Conditions - Smart Supreme

Important Notice

Smart Supreme is underwritten by Great Eastern Life Assurance Co Ltd, a wholly-owned subsidiary of Great Eastern Holdings Ltd and a member of the OCBC Group, and is not a deposit or obligation of, or guaranteed by OCBC Bank. This material is for general information only. It is not a contract of insurance. All pre-existing conditions are excluded. The precise definitions, terms and conditions of this insurance plan are specified in the policy contract. This plan does not have any cash value. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and any surrender value payable may be less than the total premiums paid. You should 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 is suitable for you.

Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. It is usually detrimental to replace an existing accident and health policy with a new one, a penalty may be imposed for early termination and the new policy may cost more or have less benefits at the same cost.

No representation or warranty whatsoever (including without limitation any representation or warranty as to accuracy, usefulness, adequacy, timeliness or completeness) in respect of any information (including without limitation any statement, figures, opinion, view or estimate) provided herein is given by OCBC Bank and it should not be relied upon 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 presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.

 

Policy Owners' Protection Scheme

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)