You may take up a loan from OCBC to fund part of your insurance policy. To find out more, please speak to your Client Advisor.
The interest rate you are paying is subject to interest rate fluctuations.
An increase in interest rate will result in higher interest payment. If there is a default in payment, the bank may be forced to surrender the policy and you will lose the protection from your policy.
If the Loan-to-Collateral Value (LCV) increases to above 90% (or such percentage as may be determined by OCBC from time to time in its absolute discretion), you will be required to make repayment to reduce your outstanding loan amount. In the event if you are unable to do so, the bank may be forced to surrender the policy and you will lose the protection from your policy.
Options to pay off your loan:
Make regular payments towards the principal amount.
Pay off the loan partially or in full.
All ages specified refer to age next birthday.
PremierLife Generation 6 (SGD) is underwritten 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.
PremierLife Generation 6 (SGD) is only available in SGD currency.
This document does not take into account your particular investment and protection aims, financial situation or needs. 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.
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
Any and all scenario analysis that are set out is provided for demonstrative purposes only. It does not present all possible outcomes or describe all possible factors that may affect the value of the proposed transaction.
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 policy illustration (available from us) before deciding whether to buy this product. The premium financing is provided by OCBC Bank, while the insurance benefits are provided by The Great Eastern Life Assurance Company Limited.
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 document may be translated into the Chinese language. If there are any differences between the English and Chinese versions, the English version will prevail.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
This policy 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).
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.