Anonymous

17 Apr 2020

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Are there any extra benefits in getting the OCBC Life insurance plan if I have existing banking accounts under OCBC?

My debit card and savings account are all under OCBC so if there were outstanding promotions or benefits for existing OCBC card holders that would make my decision much simpler.

OCBC Life Insurance

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Yang Teng

17 Apr 2020

Under OCBC 360 account, if you were to insure with them, you can 0.6%/1.2% additional interest on you savings account, if you hit the qualifying amount.

One point to consider is that you should choose a plan that suits you best instead of going for Great Eastern just because you can earn slighly higher interest rate. If you're currently insured under GE, then it'll be an added bonus.

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I'm 21, getting out of NS and into university. I currently have a whole life plan and ILP. Should I consider canceling the ILP, switching to term life and getting health insurance? What type of insurance should I get?

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