MaxYield - Endowment Insurance Plan | OCBC Malaysia

MAXYIELD

Maximise your financial potential and stay protected

Why you will love this

Guaranteed Cash Payment (GCP)

Flexible Payment Term

Guaranteed Policy Issuance

Who can apply

Anyone between 30 days old (attained age) and 65 years old (next birthday)

Take your savings further, a universal life endowment plan that provides Guaranteed Cash Payment and potential growth for your money.

Features and benefits

Guaranteed Cash Payment (GCP)

Guaranteed Cash Payment will be paid annually over 13 years.

Guaranteed Cash Payment will be paid annually over 13 years.

Flexible Payment Term

Opt to pay insurance premiums for 5 or 7 years.

Opt to pay insurance premiums for 5 or 7 years.

Guaranteed Policy Issuance

No medical underwriting required.

No medical underwriting required.

No Lapse Guarantee (NLG)

Policy will not lapse provided all premiums are paid up-to-date and there is no overdue premium interest on your policy.

Policy will not lapse provided all premiums are paid up-to-date and there is no overdue premium interest on your policy.

Guaranteed Maturity Benefit

Upon maturity, you will be paid a lump sum amount of up to 620% (7 years premium payment term) of Basic Annualised Premium paid; or Basic Policy Account Value; and any Reinvestment Account Value, less indebtedness (if any).

Upon maturity, you will be paid a lump sum amount of up to 620% (7 years premium payment term) of Basic Annualised Premium paid; or Basic Policy Account Value; and any Reinvestment Account Value, less indebtedness (if any).

Guaranteed Protection (Death or Total and Permanent Disability (TPD))

The TPD protection is up to age 70 years old and death protection is up to policy maturity.

The TPD protection is up to age 70 years old and death protection is up to policy maturity.

Notes:
The Guaranteed Cash Payments, Maturity Benefit, No-Lapse Guarantee only applies if all premiums and overdue premium interest (if any) are paid up to date.

What you need to know

Entry Age

Basic Annual Premium

Percentage of Basic Annualised Premium


With MaxYield, you will receive a percentage of your Basic Annualised Premium at the end of each policy year by way of Guaranteed Cash Payment, providing you with an extra annual income.
How it works

See how your money grows with MaxYield. MaxYield offers you the flexibility of choosing either 5 or 7 years payment term, with 13 years coverage.

See your potential Coverage and Earnings with:

Allan's profile:

Allan is 40 year-old (next birthday) and he is a non-smoker.

Policy details:

He pays RM20,000 annual premium for 5 years.

Total premium paid is RM100,000.

Allan's profile:

Allan is 40 year-old (next birthday) and he is a non-smoker.

Policy details:

He pays RM20,000 annual premium for 7 years.

Total premium paid is RM140,000.

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The above illustration are based on high scenario (assuming the projected investment return is 5.00% a year). Coverage illustrated based on non-accidental death or TPD, and the amounts shown are in Ringgit Malaysia (RM). Terms and conditions apply.

*The premiums that you pay contribute to both savings and protection elements of the product, e.g. death benefits. If you are looking for financial products with savings element, you may wish to compare annualised returns of this policy with the effective returns of other investment alternatives.

The above illustration are based on high scenario (assuming the projected investment return is 5.00% a year). Coverage illustrated based on non-accidental death or TPD, and the amounts shown are in Ringgit Malaysia (RM). Terms and conditions apply.

*The premiums that you pay contribute to both savings and protection elements of the product, e.g. death benefits. If you are looking for financial products with savings element, you may wish to compare annualised returns of this policy with the effective returns of other investment alternatives.

More information

Exclusions

No benefit is payable under the following circumstances:

  • Death during the first (1st) policy year from the risk commencement date or from the date of any reinstatement of the policy, whichever is later, as a result of suicide, while sane or insane.
  • TPD caused directly or indirectly by self-inflicted injuries, while sane or insane.
  • TPD existed prior to the risk commencement date of the policy or the date of any reinstatement, whichever is later.

The exclusions highlighted here are not exhaustive. Full details of exclusions are available in the policy document.


Disclaimer

Terms and conditions apply. You are advised to refer to any OCBC Bank sales staff for the Sales Illustration, Product Disclosure Sheet, brochure and sample policy contract for details of important features, benefits and exclusions of the plan before purchasing it. This is a life insurance plan underwritten by Great Eastern Life Assurance (Malaysia) Berhad (198201013982/93745-A) and OCBC Bank (Malaysia) Berhad (199401009721/295400-W) is the distributor of this product. This insurance product is not a bank deposit and is not an obligation of or guaranteed or insured by OCBC Bank (Malaysia) Berhad. Great Eastern Life Assurance (Malaysia) Berhad (198201013982/93745-A) is licensed under the Financial Services Act 2013 and is regulated by Bank Negara Malaysia.


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