Plus! Protect

Plus! Protect

Affordable insurance for OCBC Plus! and NTUC Plus! Visa cardholders.

What it covers

Death

We pay the sum assured in the event of death. If death happens due to an accident, we pay two times the sum assured.

Total and permanent disability before the age of 65

We pay the sum assured in the event of total and permanent disability.

Partial and permanent disability due to an accident[1] before the age of 65

We pay a percentage of the sum assured described in the table of compensation.

Terminal illness
We pay the sum assured upon diagnosis of a terminal illness[2].
29 critical illnesses (for Plus! Protect Prime only)
We pay the sum assured upon diagnosis of a critical illness[3]  including major cancers, heart attack of specified severity and stroke. This critical illness benefit accelerates 20% of the sum assured of the policy in the event you are diagnosed with a critical illness. Payment under the critical illness benefit will reduce the sum assured of the policy.

For angioplasty and other invasive treatment for coronary artery, we pay only part of this critical illness benefit. This payment reduces the sum assured of the critical illness benefit.

Features

Get essential protection for you and your family[4] at affordable premium rates.

Find the plan that better suit you and your family’s protection needs. Plus! Protect Classic provides essential coverage against death, permanent disability and terminal illness. You can opt for Plus! Protect Prime that provides enhanced protection against 29 critical illnesses[3].

Before you apply

You must be the cardholder of an OCBC Plus! or NTUC Plus! Visa credit or debit card. You may apply the plan for your husband or wife and children[4] if they are also a Singaporean, Singapore Permanent Resident or foreigner who is working or residing in Singapore.

  Minimum entry age Maximum entry age Maximum age of coverage
Cardholder and husband or wife 16 years old 60 years old 70 years old
Child 15 days old 17 years old 25 years old [5]
The sum assured is in multiples of $10,000, up to $300,000 each for you, your husband or wife and your child.
You can pay your premium either on a monthly or yearly basis and it will be deducted via your OCBC Plus! or NTUC Plus! Visa credit or debit card[6]. If you wish to pay your premium on a yearly basis, the yearly premium will be the monthly premium multiplied by 12 months. The premiums that you pay are based on the sum assured and insured’s age next birthday. Premium rates will change when the insured enters a higher age band. Premium rates are not guaranteed and may be reviewed from time to time.

View premium rates for Plus! Protect Classic and Plus! Protect Prime
Important Notes

Footnotes

 
  1. Partial and permanent disability must happen within 365 days from the date of the accident.
  2. A waiting period of 30 days from the start date or reinstatement date (if any) of the insured’s cover, whichever is later will apply.
  3. For major cancers, coronary artery bypass surgery, heart attack of specified severity and angioplasty and other invasive treatment for coronary artery, a waiting period of 90 days from the start date or reinstatement date (if any) of the insured’s cover, whichever is later will apply. For the other remaining critical illnesses, a waiting period of 30 days from the start date or reinstatement date (if any) of the insured’s cover, whichever is later will apply.
  4. You and your husband or wife and children will be eligible to apply for cover if you, as the OCBC Plus! or NTUC Plus! Visa credit- or debit-cardholder, are covered under the same plan. Cardholder means the principal or supplementary cardholder of at least one valid OCBC Plus! or NTUC Plus! Visa card issued by OCBC Bank. The sum assured for your husband or wife and children must not be more than your sum assured unless we have reduced your sum assured due to underwriting reasons. If you end your policy or is no longer an OCBC Plus! or NTUC Plus! Visa credit- or debit-cardholder, the cover for you, your husband or wife and children will end. The cover for your husband or wife will also end if you are separated or divorced from your husband or wife.
  5. Plus! Protect Classic and Plus! Protect Prime do not cover any claim or loss arising from insured taking part in full-time National Service.
  6. All coverage will end if you fail to maintain at least one OCBC Plus! or NTUC Plus! Visa card issued by OCBC Bank.

Exclusions

 

There are certain conditions whereby the benefits under Plus! Protect Classic and Plus! Protect Prime will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plans. The policy contract will be issued when your application is accepted.

Important Notes

 

This is for general information only. Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) is the master policyholder. You can find the usual terms and conditions of Plus! Protect Classic and Plus! Protect Prime in the master policy contracts issued to OCBC Bank. The cover for Plus! Protect Classic and Plus! Protect Prime will automatically end upon the termination of the master policies by either OCBC Bank or Income. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if these plans are suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. These plans do not have any cash value.

Plus! Protect Classic and Plus! Protect Prime are underwritten and issued by Income.

These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
 

Information is correct as of 19 September 2017

Frequently asked questions

How to apply

For enquires about Plus! Protect, please call our hotline:

6694 8828 
(Operating from Monday to Firday, 9.00am to 5.50pm)

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