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You're in : Home » Insurance » Life » Term Plan » MaxTerm
MaxTerm
Ins_Lfe_Tmp_MaxTerm_b If whole life insurance is not within reach, and you need high coverage, do not despair. MaxTerm is a simple but smart term plan that gives you all the protection at far lower premiums.
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 Benefits
Payment of sum assured in one lump sum to your beneficiaries in the event of death
In case of total and permanent disability, your disrupted income will be supplemented by the insurance and all premiums thereafter will be waived
Choose between two types of plans - Level or Convertible
The convertible plan can be converted into a whole life or endowment plan without the need to show proof of health
Premiums are based on age, sex, whether you smoke, and your insured benefit
Premiums can be paid annually or monthly
 Eligibility
Individuals must be aged between 16 and 65 years old(54 for the convertible plan)

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.

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.

MaxTerm 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. Max is a registered trademark of The Overseas Assurance Corporation Limited.

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