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Maturity
Payment
Policy purchased through Great Eastern
Life Planner
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For
policy with *Direct Crediting request, the maturity proceeds
will be credited to your bank account on or before the maturity
date. |
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The maturity
cheque will be in the form of a remittance advice, which incorporates
the detail breakdown of the net maturity amount with the perforated
cheque on the same remittance advice. If you prefer the maturity
proceed to be sent via post, the maturity remittance advice
will be sent to you on the maturity date. |
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If you would
like to authorise your Servicing Life Planner to collect the
cheque, you may complete the authorisation
form and submit it to us at least 7 working
days prior to your maturity date. |
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* Direct crediting request will only
be available for maturity proceeds less than $30,000.00. |
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Policy
purchased through Bancassurance (OCBC Bank) |
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OCBC
Bank will send you a maturity letter 1 month prior to the
maturity date to inform you of your matured policy and to
request from you your preferred maturity settlement method.
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You can choose either to |
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Collect the maturity proceeds
at Head Office, Great Eastern Centre, or |
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Receive the cheque by mail, or |
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Deposit proceeds to your OCBC saving
account, or |
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Reinvest the proceeds, or |
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Request to open an OCBC account to
deposit the maturity proceeds |
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Policyholders
residing overseas |
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We
will send you the maturity notice and payment instruction
form for completion 2 weeks prior to the maturity date.
Upon receipt of the completed payment instruction form, the
proceeds will be sent to you via the respective mode of payment
you have opted. |
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