MAX STEP-UP
Build a legacy that safeguards your loved ones with a lifelong protection
With Max Step-Up, you have a lifelong safety net of protection and at the same time safeguarding your family's well-being.
Increasing life protection
Your protection coverage increases throughout your policy years.
Your protection coverage increases throughout your policy years.
Limited premium payment term
Enjoy the advantage of limited premium payment of 5 years with coverage of up to age of 100 years on your next birthday.
Enjoy the advantage of limited premium payment of 5 years with coverage of up to age of 100 years on your next birthday.
Hassle-free enrolment
Sign up for this plan without going through the hassle of medical examinations.
Sign up for this plan without going through the hassle of medical examinations.
Maturity benefit
When your policy matures, your Basic Policy Account Value less indebtedness (if any), will be payable to you as maturity benefit.
When your policy matures, your Basic Policy Account Value less indebtedness (if any), will be payable to you as maturity benefit.
No-Lapse Guarantee
Max Step-Up comes with a No-Lapse Guarantee feature to protect your policy from adverse investment performance. This valuable element ensures that your policy will remain inforce even if your Basic Policy Account Value becomes zero, so long as all premiums are paid up-to-date and there is no overdue premium interest on your policy.
Max Step-Up comes with a No-Lapse Guarantee feature to protect your policy from adverse investment performance. This valuable element ensures that your policy will remain inforce even if your Basic Policy Account Value becomes zero, so long as all premiums are paid up-to-date and there is no overdue premium interest on your policy.
Mr. Lim's profile:
Mr. Lim is a 40-year-old with two children. He intends to leave behind a pool of funds to help his children achieve their goals.
Policy details:
He chooses Max Step-Up and pays RM20,000 yearly for 5 years. The total annual premiums paid for 5 years is RM100,000.
He has the flexibility to utilise his built-up Basic Policy Account Value (BPAV) for other priorities such as children's education, home make-over or travel.
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% a year 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.
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% a year 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.
Exclusion
The policy will not pay any benefits 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 are avaliable 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 importnant 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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