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MaxLife Protector
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Whether you are embarking on a new career, getting married or starting a family, we recognise that the love for your family and the wish that your family’s financial needs are well taken care of are important to you.

MaxLife Protector comes with a choice of three packages designed to meet your needs at different life stages.

What’s more, MaxLife Protector lets you enjoy the security of lifetime benefits for a short premium payment term of just 15 years.

Next Steps :   
 Choice of three packages tailored for different life stages

 For My Family

‘For My Family’ package comprises a basic plan, MaxLife 15, which is a regular premium participating whole life insurance plan with a premium term of 15 years that pays the basic sum assured and all attaching bonuses1 (if any) in the event of death or Total and Permanent Disability (TPD)2.

 For Me

‘For Me’ package comprises a basic plan, MaxLife 15, and a rider, MaxLife Care (Man/Lady). MaxLife Care (Man/Lady) allows you to advance the basic sum assured and all attaching bonuses1 (if any) of MaxLife 15 upon diagnosis of any of the covered 30 critical illnesses. Plus, it comes with a unique Carcinoma-in-situ and Early Stage Cancer Benefit3 which advances 20% of the basic sum assured (subject to maximum cap of S$20,000) upon diagnosis of Carcinoma-in-situ or Early Stage Cancer that are specific to males and Carcinoma-in-situ specific to females.

For My Little One

‘For My Little One’
package comprises a basic plan, MaxLife 15, and a rider, MaxLife Rewards. MaxLife Rewards offers you guaranteed lifetime annual cash benefits of 1% of the basic sum assured starting from the 15th policy anniversary. 

 

 Eligibility

Entry Age for Life Assured

-          Minimum: 1 month old (attained age)

-       Maximum: 55 years old (age nearest birthday).

Notes

1 As the bonus rates are not guaranteed, the actual benefits payable will vary according to the future experience of the Participating Fund. Please refer to the Product Summary for more details on the Participating Fund.

2  Coverage for TPD ceases upon the policy anniversary on which the life assured's age nearest birthday is 66 years old.

 Coverage for Carcinoma-in-situ and Early Stage Cancer Benefit ceases upon the policy anniversary on which the life assured's age nearest birthday is 66 years old. The Carcinoma-in-situ and Early Stage Cancer Benefit is limited to one claim per lifetime. Please refer to the policy contract for the precise definitions of Carcinoma-in-situ and Early Stage Cancer.

Important Information

The plans under MaxLife Protector are 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. 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.

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 less benefits at the same cost.

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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