Save Easy. Rest Easy.
This plan helps you save in disciplined and smart manner so that you can build up your savings to provide for your child's education.
With the addition of Premium Waiver Benefit rider, you are rest assured that in the event of Death or Total & Permanent Disability, the remaining premium payments will be taken care of. Your child can still enjoy both yearly cash benefits and maturity benefits for the univesity education.

Liquidity
You will receive guaranteed yearly cash benefits from as early as the second year. These cash benefits may be used to offset your child's primary and secondary school expenses.

Flexibility that caters to your needs
A choice of 12, 18 or 21 year endowment plan. You can also choose to collect the cash benefits, accumulate them at OAC prevailing interest rate, or use them to pay part of the premiums.

Life assured between 1 month to 14 years (age nearest birthday)

Sources:

¹  NUS Undergraduate Tuition Fee (Academic Year 2006/2007) and Singapore Department of Statistics - Mean of 10 years Consumer Price Index (1996 to 2005 inclusive).
² Tuition fee at University of Queensland, University of Western Australia and University of Melbourne; Australia Bureau of Statistic - Mean of 10 years CPI (1996 to 2005 inclusive).

Important Information

MaxEdu Plus is a participating regular premium endowment insurance plan underwritten by The Overseas Assurance Corporation Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and is not deposits or obligations of, or guaranteed by OCBC Bank. Max is a registered trademark of The Overseas Assurance Corporation Limited. 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 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.

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 policies should read the product summary and benefit illustration (available from OCBC Bank) before deciding whether to buy this product.

No representation or warranty whatsoever in respect of any information 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).