OCBC School Plan - Insurance

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OCBC School Plan

A unique 2-in-1 plan comprising an insurance plan - School Protection Plan, and a trust savings account - OCBC School Savings Account. It is designed to help you offset the basic expenses incurred once your child starts school.

Receive up to S$400 cash rebates when you sign up for the OCBC School Plan. The cash rebates will be credited into your child’s saving account upon successful application.

Next Steps :

Benefits

With a choice of 12 years or 18 years tenor, you will only need the commitment for the initial 6 years of premium payments. What's more, you will receive cashback every year from as early as the end of 6th year onwards. You will not have to worry about your financial commitments until the end of your chosen tenor.

These annual cashback received can be used to offset your child's school fees, uniform, textbook, tuition fees and other basic associated costs.

Insurance protection is provided for your child. In addition, should the unexpected happen to you (death or total and permanent disability), the remaining premiums will be waived and your child still enjoys the cashback benefit.

Grow your money with attractive maturity returns.

Eligibility

Life assured between 1 month to 9 years of age.

Important Notice

The above is for general information only. It is not a contract of insurance. The precise terms and conditions of the plans are specified in the policies.

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. You may wish to seek advice from your financial advisor before making any purchase. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.
A person interested in the above plans should read the Product Summary and Benefit Illustration (obtainable from OCBC Bank) before deciding whether to buy this product.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and surrender value payable may be less than the total premium paid.

As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable may vary according to the future experience of the fund.

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 insurance with a new one. The insured may suffer penalties for terminating the original policy and the new policy may cost more or have less benefit at the same cost.

The OCBC School Savings Account is provided by OCBC Bank. Insurance policies will be underwritten by registered insurers and are not bank deposits or obligations of, or guaranteed by OCBC Bank or any of its affiliates or subsidiaries. The School Protection Plan, which is offered under the OCBC School Plan, is underwritten by OAC Insurance (The Overseas Assurance Corporation Limited), a wholly-owned subsidiary of Great Eastern Holdings Ltd and a member of the OCBC Group.