A participating endowment plan with guaranteed cash payments and cash dividend to help you meet your child's educational needs.
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Benefits
Guaranteed Cash Payments - During the last 4 policy years, a guaranteed cash payment (GCP) equal to 25% of MaxEdu Enhanced's Face Amount will be paid out annually to you
Cash Dividends* - Cash dividends* can be withdrawn to meet financial obligations or left to accumulate interest with Manulife Insurance (Malaysia) Berhad (*Cash dividends and accumulation interest rate are not guaranteed and are subject to Manulife Insurance (Malaysia) Berhad's operating and investment performance
Shorter premium payment term - Premiums payable for MaxEdu Enhanced are fixed throughout the premium payment term and the premium payment term is 3 years less than the policy term. For example, if the policy term is for 20 years, the premium is only payable for the first 17 years if the policy term. All premiums must be paid in order to receive the full benefits under this plan.
Optional Rider to enhance your policy benefits - Edu rider, a participating rider can be attached. It allows option to shorten the premium payment term, provides additional Death and Total and Permanent Disability ("TPD") Benefits for your child and Rider Guaranteed Cash Payment where 50% of Edu Rider's Face Amount is payable annually during the last 4 policy years.
Eligibility
Life assured between 1 year to 15 years 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 Manulife Insurance (Malaysia) 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.
