Max Step-Up

What is Max Step-Up?

With Max Step-Up, you have a lifelong safety net of protection and at the same time safeguarding your family’s well-being. By paying your premiums for 5 years, you get to enjoy coverage that builds up to maturity at the age of 100 years on the next birthday. Your Basic Policy Account Value may also grow every year, enhancing your legacy and ensuring your loved ones are shielded from the unexpected.

Key Benefits of Max Step-Up

How Does It Work?​

Mr. Lim is a 40-year-old, non-smoker with 2 children. He intends to leave behind a pool of funds for his children to help them achieve their goals. He chose Max Step-Up with an Annual Premium of RM20,000 to help him grow his legacy for his loved ones. Mr. Lim also has the flexibility to utilise his built-up Basic Policy Account Value (BPAV) for other priorities such as children’s education, family expenses, legacy, home make-over or travel.

Scenario A

(click here for alternative scenario)
Note:
  • This is for illustration purposes only and the projected returns are non-guaranteed. The figures are based on the high scenario which assumes that the projected investment return is 5.00% per annum for all years.
  • Guaranteed Death Benefit (GDB) payable due to accidental causes for the first 2 policy years equals to 105% of Total Basic Premium Paid (TPP).
  • Death Benefit = GDB or Basic Policy Account Value (BPAV), whichever is higher, less indebtedness (if any).
  • Terms and conditions apply.

Scenario B

(click here for alternative scenario)
Note:
  • This is for illustration purposes only and the projected returns are non-guaranteed. The figures are based on the low scenario which assumes that the projected investment return is 2.00% per annum for all years.
  • Guaranteed Death Benefit (GDB) payable due to accidental causes for the first 2 policy years equals to 105% of Total Basic Premium Paid (TPP).
  • Death Benefit = GDB or Basic Policy Account Value (BPAV), whichever is higher, less indebtedness (if any).
  • Terms and conditions apply.

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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.