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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.

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 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 Information

MaxSave Enhanced 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 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).

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