This is a Regular Premium Endowment Investment Linked Plan specially designed to maximise the value of your hard earned money through investment while offering insurance protection to shield your child's education fund from unforseen events.
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Benefits
Wider Coverage - IL CI Rider, IL PA Rider, IL MedCare & IL WOP Rider may be attached to the policy to enhance the policy benefits
Guaranteed Insurability - Prior to maturity of the policy, the Life Assured can choose to purchase any Whole Life or Endowment Plan that provides Death and TPD covergae at a Sum Assured of up to the limit of the current MaxEdu Linked plan without any underwriting requirement
Education Excellence Award - If MaxEdu Linked policies have been in forced for mroe than 3 years, an Education Excellence Award is offered to reward and encourage students with outstanding academic achievements
Investment Options - This plan allows the flexibility to invest the allocated premium of the MaxEdu Linked in any of the 3 selected funds(s) based on your investment objective and risk tolerance. You also have the flexibility to top up, make partial or full withdrawal of account value, switch, or take a premium holiday
Eligibility
Life assured between 2 weeks old (age next birthday) and 15 years old (age next birthday). The maximum expiry age is 25 years old (age next birthday).
Disclaimer Remarks
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.
The above plans are underwritten by Uni.Asia Life Assurance Berhad, a company licensed under the Insurance Act 1996 and regulated by Bank Negara Malaysia. All claims and liabilities arising from the policies should be made with the company.
