OCBC GroupHomeLoginSiteMapContact Us
logo_OCBC
Personal
Corporate
Small and Medium Businesses
You are in :
Insurance mh_maxlifeprotector
You're in : Home » Insurance » Life » Term Plan » MaxFamily Protector
MaxFamily Protector
MaxFamilyProtector(SQResized)

MaxFamily Protector is a term insurance plan specially designed for your family protection needs. This plan not only pays a lump sum of 3 times the Annual Income Benefit ( AIB) immediately in the event of Death, Total and Permanent Disability (TPD)1  or diagnosis of any of the 30 covered Critical Illnesses (optional benefit), it also pays a level AIB from the next policy anniversary following the claim until the end of the policy term. Future premiums will also be waived.

The lump sum payout will help to meet your familys immediate cash needs like hospital bills, liabilities, etc. While the annual stream of income will help in ensuring that your family living expenses are taken care of in the event that you are not able to provide for them.

What's more, if no claim is admitted during the policy term, a maturity benefit of 3 times the AIB is payable at the end of the policy term.

Next Steps :   
 Benefits
 MaxFamily Protector offers a choice of 2 plan types and a range of policy terms to suit your needs.
 Choice of 2 plan types
  •  MaxFamily Protector

    - Coverage for Death and TPD1


  •  MaxFamily Protector (CI)

    - Coverage for Death, TPD1  and 30 Critical Illnesses


  Choice of policy terms
  • 10 to 30 years
 Eligibility

Entry Age for Life Assured

-       Minimum: 17 years old

-       Maximum: 55 years old (Age at entry + Policy Term ≤ 70)


Age is defined as age nearest birthday.

Notes
1 Coverage for TPD ceases upon the policy anniversary on which the Life Assured’ s age nearest birthday is 66 years old.

Important Notice

MaxFamily Protector is underwritten by The Overseas Assurance Corporation Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and are not deposits or obligations of, or guaranteed by OCBC Bank. Terms and conditions apply. Max is a registered trademark of The Overseas Assurance Corporation Limited.

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. 

It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost.

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 advice from a financial adviser, you should consider whether the life policy in question is suitable for you.

The above 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 (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.

OCBC Bank, its related companies, their respective directors and/or employees (collectively Related Persons) may have positions in, and may effect transactions in the products mentioned herein. OCBC Bank may have alliances with the product providers, for which OCBC Bank may receive a fee. Product providers may also be Related Persons, who may be receiving fees from investors. OCBC Bank and the Related Persons may also perform or seek to perform broking and other financial services for the product providers.

Back to Top
Related Links
4 Dimensions of Wealth Management
Insurance for different life stages

Information for you
How can you make money work harder for you? Find out more ยป

Ask OCBC
 © Copyright 2004 - 2010 OCBC Bank. | All Rights Reserved. | Co. Reg. No.: 193200032W