GREATLife Endowment Insurance 3 | OCBC Singapore

GREATLife Endowment Insurance 3

Multiply your potential returns to meet your changing life goals

Why you will love this

Grow your wealth at up to 3.58% a year and more

Option to continue your policy with your loved ones

Features and benefits

Grow your wealth at up to 3.58% a year and more

Based on entry age of 25, retirement age of 65 and premium payment term of 10 years.

Based on entry age of 25, retirement age of 65 and premium payment term of 10 years.

Flexibility to fund life’s milestones

As long as there is a cash value. Basic sum assured will be reduced.

As long as there is a cash value. Basic sum assured will be reduced.

Enjoy guaranteed capital

From the end of the 10th policy year, 15th policy year, or 20th policy year, depending on the premium payment option selected, if no policy alterations are made.

From the end of the 10th policy year, 15th policy year, or 20th policy year, depending on the premium payment option selected, if no policy alterations are made.

Continue your policy with your loved one

Insure another loved one. If the unfortunate happens, the policy will insure your appointed loved one and continue to grow.

Insure another loved one. If the unfortunate happens, the policy will insure your appointed loved one and continue to grow.

No health check-up needed

No medical underwriting is required.

No medical underwriting is required.

Get essential insurance coverage

Receive coverage for Death, Total and Permanent Disability and Terminal Illness for as long as this policy is in effect.

Receive coverage for Death, Total and Permanent Disability and Terminal Illness for as long as this policy is in effect.

This is not a fixed or savings deposit. It is an endowment insurance plan.

Grow your wealth at up to 3.58% a year and more

Based on entry age of 25, retirement age of 65 and premium payment term of 10 years.

Flexibility to fund life’s milestones

As long as there is a cash value. Basic sum assured will be reduced.

Enjoy guaranteed capital

From the end of the 10th policy year, 15th policy year, or 20th policy year, depending on the premium payment option selected, if no policy alterations are made.

Continue your policy with your loved one

Insure another loved one. If the unfortunate happens, the policy will insure your appointed loved one and continue to grow.

No health check-up needed

No medical underwriting is required.

Get essential insurance coverage

Receive coverage for Death, Total and Permanent Disability and Terminal Illness for as long as this policy is in effect.

This is not a fixed or savings deposit. It is an endowment insurance plan.

Based on a yearly premium of 0 SGD for 0 years

Cashing out the policy after 0 years

I would like to set an annual premium of 0 SGD

0 SGD

0 SGD

I would like to pay premiums annually for 0 years

0 years

0 years

I will need this money in 0 years

0 years

0 years

See how your payout changes with different premium and policy durations.

Pay annual premium of 0 SGD for 0 years

Total annual premiums paid (0 years): 0 SGD

Year 15

Capital guaranteed at end of Policy Year 15

Year 15

Total payout of 0 SGD

0x of total premiums paid

Illustrated return upon full surrender: 0% a year

Total payout

0 SGD

Guaranteed cash value

+

0 SGD

Non-guaranteed bonus

=

0 SGD

The figures used are for illustrative purposes only and are subject to rounding. Please refer to the policy illustration for the exact values. Premiums are computed based on premium payment term. The non-guaranteed bonuses are based on an illustrated investment rate of return of the participating fund at 4.25% a year. At an illustrated investment rate of return of the participating fund at 3.00% a year, the total payout at the end of policy year 0 will be 0 SGD and the return will be 0% a year. The actual benefits payable will vary according to the future performance of the participating fund.

Based on a single premium of 0 SGD for 0 years

Cashing out the policy after 0 years

I would like to set a single premium of 0 SGD (Only applicable for payment via SRS account)

0 SGD

50,000 SGD

I will need this money in 0 years

0 years

0 years

See how your payout changes with different premium and policy duration.

Pay single premium of 0 SGD (Only applicable for payment via SRS account)

Year 15

Capital guaranteed at end of Policy Year 10

Year 10

Total payout of 0 SGD

1x of total premiums paid

0% yield

Total payout

0 SGD

Guaranteed cash value

+

0 SGD

Non-guaranteed bonus

=

0 SGD

The figures used are for illustrative purposes only and are subject to rounding. Please refer to the policy illustration for the exact values. Premiums are computed based on premium payment term. The non-guaranteed bonuses are based on an illustrated investment rate of return of the participating fund at 4.25% a year. At an illustrated investment rate of return of the participating fund at 3.00% a year, the total payout at the end of policy year 0 will be 0 SGD and the return will be 0% a year. The actual benefits payable will vary according to the future performance of the participating fund.

Before you apply

Eligibility requirements

Minimum age

15 days from birth or discharge from hospital, whichever is later

Maximum age

70 years old (age next birthday) for Single Premium and Regular Premium (5-year and 10-year) payment options

65 years old (age next birthday) for Regular Premium (15-year) payment option

What are the premium payment options?

There are a total of 4 premium payment options – Single Premium, or Regular Premium over 5 years, 10 years, or 15 years. For Regular Premium payment option, you can choose to pay your premiums either monthly or annually.

Can I pay through my Supplementary Retirement Scheme (SRS) account?

Yes, SRS payment is allowed for Single Premium mode only, with a minimum single premium of S$15,000. Note that the minimum entry age for SRS payment is 19 years old (age next birthday).

Can I purchase GREATLife Endowment Insurance 3 if I have pre-existing health conditions?

Yes, you can. However, if the life assured passes away due to a pre-existing condition within 12 months from the date the policy was issued, the policy will be void and all the premiums paid (less any debt, benefits and/or bonuses paid under the policy) will be refunded. Payment of Terminal Illness (TI) benefit or Total and Permanent Disability (TPD) benefit will not be made if the life assured has pre-existing TI or pre-existing TPD, or pre-existing conditions that lead to a TI or TPD event within 12 months from the date the policy was issued.

Can I make a partial surrender if I need the cash proceeds for my personal use during the policy term?

Yes, provided there is cash value in your policy. Note that if you make a partial surrender, it will reduce the basic sum assured which may affect the amount of future bonuses payable (if any) under the policy. The policy will terminate upon full surrender of the policy. Terms and conditions apply.

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