The Children Plan helps parents save towards rising school expenses.
3 options are available.

1. Classic Option

This is the only plan in the market dedicated to protecting your child and covering basic education expenses incurred (an amount that’s close to S$20,000 ²) during his/her primary, secondary and junior college years.

For the School Plan, you can choose from either a 12-or 18-year plan. It consists of a 6-year limited-payment endowment plan which matures in 12 or 18 years. The parent will receive a yearly payout from the end of the 6 th year onwards. This annual payout can be used to offset the child’s school fees, uniforms, textbooks and other basic associated costs. On maturity, a lump sum benefit will be available for further education needs.

Insurance protection is also provided for the child to be insured. In the unfortunate event of death or total permanent disability of the parent or policyholder, the remaining premium will be waived but the plan will continue to pay out the benefits.

The School Savings Account, on the other hand, is a trust savings account with your child as the beneficiary. It gives you one of the highest interest rates for a savings account. What’s more, there is no monthly account fee and you just need S$100 to open the account.

²Source: OCBC Wealth Management

2. Advanced Option

For this option, in addition to the School Plan, Premier MediCash, a hospitalisation benefit is included. In the event of hospitalisation due to illness or accident of the child, a daily S $200 benefit is payable.

3. Premium Option

This third option offers the School Plan plus hospital and surgical benefits for the child. Giving comprehensive financial protection against unforeseen hospitalisation of the child due to illnesses or accident of up to S $250 per day and surgical benefits of up to S $7,500 .

The NTUC Family Package has been customised to help you financially so you can focus on the most treasured aspect of parenthood – your children. So sign up today, it’s the most caring decision you’ll make.

To find out more, call OCBC Customer Service at 1800 438 6088 ( 9 am - 10 pm daily) or visit any OCBC branch.

Through the NTUC-OCBC partnership, a wide range of specially designed solutions is available to meet your financial needs. All to help you achieve a better quality of life.

Disclaimer:
The School Savings Account is provided by OCBC Bank.
Insurance policies will be underwritten by registered insurers and are not bank deposits or obligations of, or guaranteed by OCBC Bank or any of its affiliates or subsidiaries.
Insurance policies are long-term commitments and early termination of insurance policies usually involves high costs and the surrender value may be less than the total premium paid.
Specific terms and conditions are applicable to insurance policies and these details are set out in the policy documents.
Please refer to the product information leaflet for more details and full definitions of the benefits payable.
This brochure is for general information only and applies mainly to Singapore citizens/PRs.
It is not a contract of insurance, nor does it confer any rights on any insured member.
You may wish to seek advice from a financial adviser before making a commitment to purchase the product.
In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. You should consider carefully if you are intending to switch policies as this might be detrimental to your current and future needs.
The Children Plan is underwritten by The Overseas Assurance Corporation Ltd, a wholly-owned subsidiary of Great Eastern Holdings Ltd and a member of the OCBC Group.
Singapore dollar deposits held by, or for an individual, or a charity will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.
This advertisement is for general information only. It is not a contract of insurance. The precise terms, conditions and exclusions of each insurance plan are specified in the respective policy.