Types of insurance plans offered by OCBC bank

One of the best ways to protect yourself and your family from life uncertainties is by taking insurance cover. An insurance cover will ensure that you don’t suffer financial loss, in case of any tragedy, be it disability caused by an accident, property loss, illness, or death. OCBC bank is not only one of the most reputable banks in Singapore but it is also trusted and reliable when it comes to insurance. If you are looking for an insurance company in Singapore that offers the best premiums, then OCBC bank is your best choice. In this article, we will discuss the types of insurance plans offered by OCBC bank.

  • Endowment insurance

If you like buying expensive things even when you don’t need them and find it hard to save for your future, then endowment insurance is meant for you. This insurance plan is basically life insurance which not only covers your life but also helps you to save regularly over a certain period of time. Upon the maturity of the policy, you will get a lump sum of the amount saved which you can use to build your retirement home, educate your children, buy a property, and much more. One very important thing about endowment policy is that if the policyholder dies before the maturity of the policy, the beneficiary will be paid the full amount that was agreed upon. An endowment plan is ideal for those who want to save as well as cover their life. Visit https://www.ocbc.com/personal-banking/insurance to find out more about the Endowment insurance plan offered by OCBC bank.

  • Car insurance

Another insurance plan offered by OCBC is automobile insurance. As the name suggests, a car insurance plan covers vehicles. The law states that all vehicles in Singapore must be insured. If you get involved in an accident that damages someone’s property or someone is injured you may be sued and end up paying a lot of money. However, if you have insurance cover, then all costs incurred will be paid by the insurance company. If you are looking for a reliable car insurance provider in Singapore, then look no further than OCBC bank. They offer both comprehensive and third-party plans and their premiums are very affordable. More so, they are trustworthy and always compensate motorists the full amount as agreed in their plan. If you have had a bad experience with a car insurance company and are searching for one that is reliable and trustworthy, then OCBC bank is your best choice.

  • Health insurance

Health insurance is a type of insurance that covers medical expenses due to sickness. These expenses could be related to doctor’s consultation fees, cost of medicine, hospitalization expenses, and more. The cost of medical care in Singapore is very high and that has made health insurance a necessity for many people. Sometimes even a simple consultation can attract a hefty bill. OCDC bank offers a health insurance plan that covers many medical expenses including consultation, medication, hospitalization, and much more. If you are looking for an affordable health insurance plan in Singapore, then you should choose one offered by OCBC bank. Their health insurance cover is wide but very affordable.

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