OCBC Malaysia inaugurates estate planning insurance product

Premier Heritage policyholders to earn minimum interest of 2.5% per annum upon maturity when the bearer reached hundred years old.

OCBC Bank (M) Bhd and Great Eastern Life Assurance (M) Bhd introduced on Tuesday a Universal Life Insurance estate planning product targeted at high net worth individuals seeking a more sophisticated approach to wealth planning and distribution.

Underwritten by Great Eastern, Premier Heritage is a single-premium Universal Life Insurance plan specially designed to help enhance an individual's wealth by creating an immediate estate and thus ensuring he or she is able to leave a legacy.

The policy will earn a guaranteed minimum interest of 2.5 per cent per annum upon maturity when the bearer reached a hundred years of age.

View the full story in Bernama.