MaxLife 15 is a regular premium participating whole-life insurance plan that pays the basic sum assured and all attaching bonuses² (if any) in the event of death or TPD¹. You’ll also enjoy annual bonus² (if any) that will add to your protection value.

You can enhance your protection with lifelong critical illness coverage by including MaxLife Care (Man/Lady). This rider allows you to advance the basic sum assured and all attaching bonuses² (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 Benefit ³, 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 male and Carcinoma-in-situ specific to female. Giving you greater peace of mind as we ease your financial burden during the recovery period.

If lifetime income is what you are seeking, then MaxLife Rewards is just what you need. This rider offers you guaranteed annual cash benefits of 1% of basic sum assured starting from the 15th policy anniversary for as long as you live. These cash rewards are yours to use freely, from rewarding yourself with a shopping spree, going on a holiday to financing your child’s education. Alternatively, you can choose to accumulate your cash benefits with the policy to fund your future needs like retirement.

MaxLife Protector gives you the flexibility to choose a package (Classic, Silver, Gold or Platinum) that best suits your needs and financial requirements. Whether you choose to enhance your plan with critical illness coverage or lifetime cash benefits, the choice is yours!

Life assured: Between 1 month to 55 years old

Policyowner: Minimum 17 years old*
* Policyowner on 3^rd party basis must be minimum 21 years old. Age is defined as age on 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.

²  As the bonus rates are not guaranteed, the actual benefits payable may vary according to the future experience of the Participating Fund.

³ 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 Notice

The plans under MaxLife Protector are underwritten by Overseas Assurance Corporation Ltd, a wholly-owned subsidiary of Great Eastern Holdings Ltd 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.

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 (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.