GREAT Wealth Enhancer

Investment booster and maturity benefit to aid you in your wealth accumulation dreams

Life is full of excitement – whether it involves your dream career, owning your first home, starting a family or funding for your child’s education. Regardless of your goals, let your aspiration soar with the decision you make today. Look no further than the

GREAT Wealth Enhancer– a limited-pay endowment plan that covers you for 15 or 20 years depending on your selected premium payment term, with a myriad of benefits throughout your policy term.

The plan bolsters you financially, with a high payout from its investment booster feature that can be withdrawn to meet your financial needs, and maturity benefit at the end of your policy term. Providing you with the resources you need to stay on track, the plan similarly prepares you and your loved ones for the obstacles ahead with a lump sum payout should death or total and permanent disability (TPD) occur and additional coverage up to 300% for accidental deaths outside Malaysia.

Reach for Great life aspirations and lessen your worries by signing up for GREAT Wealth Enhancer today.

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Key benefits

Short financial commitment with choices of 15 or 20 years of coverage

GREAT Wealth Enhancer comes with the premium payment term options of 6 years with insurance coverage of 15 years premium payment term options of 10 years with insurance coverage of 15 and 20 years¹.

Yearly investment booster feature payable from end of 1^st policy year onwards

At the end of each policy year, the GREAT Wealth Enhancer’s investment booster feature provides you with an additional pool of money which can be withdrawn to meet your financial needs, or retained with the Company for the potential of a larger payout at maturity.

Maturity benefit at the end of policy term¹

To celebrate your plan’s maturity, you’ll receive 680% or 1150% of your total annualised premium², minus total investment booster credited into the TIV, plus TIV³ with potential investment upside (if any)¹.

Additional benefits

Hassle-free enrolment with no medical underwriting

This plan carries a no medical underwriting feature, allowing you to sign up with no health questions and medical examinations¹.

Financial protection for life’s unexpected events

Life carries an abundance of uncertainty, which is why it is always better to plan ahead for unexpected events of death or TPD. With GREAT Wealth Enhancer, your loved ones will receive a lump sum payout⁴ should such events occur¹.

Additional coverage up to 300% for accidental death

In the event of accidental death⁵, we provide your family with an extra payout⁶ on top of the death benefit¹.

Optional rider to waive your premiums should death or disability occur.

GREAT Wealth Enhancer Payer ensures your savings objective such as child education will stay uninterrupted in the event of TPD⁷ prior to age 70 years next birthday or death⁷ of the payer, whereby all future premiums under your basic plan will be waived¹.

How GREAT Wealth Enhancer works

Footnotes and disclaimers

Please do take note of the below to ensure you fully understand what this product does and does not cover. If in doubt, contact your Great Eastern Life Agent or have us call you back.

Footnotes

Disclaimer

GREAT Wealth Enhancer is a limited pay endowment plan without participation in profits with investment-linked features, where investment booster will be credited into the total investment value by purchasing units in the chosen investment-linked fund(s), and GREAT Wealth Enhancer Payer is an optional non-participating rider attachable to the GREAT Wealth Enhancer. Some of the choices of funds invest in Shariah-approved securities. However, this is not a Shariah-compliant product. The total investment value is tied to the performance of the underlying assets, and is not a pure investment product such as unit trusts. Premiums are payable until the end of the premium payment term, or until death or TPD or termination of the policy, whichever occurs first. Premium will remain the same throughout the premium payment term.

You should satisfy yourself that this plan will best serve your needs and that the premium payable under the policy is an amount you can afford. A free-look period of 15 days is given for you to review the suitability of the plan. If the policy is returned to the Company during this period, the Company shall refund an amount equal to the sum of:

a. the total premium paid without interest plus rider(s) premium (minus the expenses incurred for medical examinations, if any); and

b. the unallocated premiums (if any) and the value of the units that have been allocated (if any) at unit price at the next valuation date.

Net asset value is the single price at which the policy owner buys the units in a unit fund and sells the units back to the unit fund. If you switch over your policy from one insurance company to another or if you exchange your current policy with another policy within the same insurance company, you may be required to submit an application where the acceptance of your proposal will be subject to the terms and conditions to be imposed at the time of the policy switching or replacement.

The policy does not have a guaranteed minimum cash value on termination until after you have paid premiums for two years. An early termination of the policy involves high costs and the withdrawal value of the total investment value is dependent on the prevailing market value of the underlying assets of the unit fund(s). Therefore, if you surrender your policy early, you may get back less than the amount you have paid. The total investment value may rise or fall, based on the underlying performance of the fund(s). The performance of the fund is not guaranteed. The investment risk will be borne solely by the policy owner. Past actual performance is not a guide to future performance, which may be different.

If you stop paying premiums before the end of the premium payment term, an automatic premium loan will be effected under your policy to pay future premiums so long as the cash value and/or total investment value are more than the total indebtedness. The Company shall charge interest on the above loans at interest rates to be determined by the Company from time to time. The prevailing interest rate is available on the Company’s official website. Cessation of premium payment before the end of the premium payment term may lead to an early termination of coverage.

You have the option of boosting the investment value of your policy via single premium top-ups, subject to a minimum of RM1,000 per top up, provided all premiums due and any indebtedness have been paid.

95% of the Single premium top ups will be utilised to purchase units of investment. The remaining 5% of the single premium top-ups that has not been allocated to purchase units is used to meet the payment of commissions to intermediaries and general expenses of the Company. The Company reserves the right, in circumstances it considers exceptional, to suspend issuance or redemption of units.

This brochure is for general information only. It is not a contract of insurance. You are advised to refer to the Sales Illustration, Fund Fact Sheet, Product Disclosure Sheet and sample policy documents for detailed important features and benefits of the plan before purchasing the plan. The exclusions and limitations of benefits highlighted above are not exhaustive. For further information, reference shall be made to the terms and conditions specified in the policy issued by Great Eastern Life.

If there is any discrepancy between the English, Bahasa Malaysia and Chinese versions of this brochure, the English version shall prevail.

The terms “Great Eastern Life” and “the Company” shall refer to Great Eastern Life Assurance (Malaysia) Berhad.

Information correct as at 20 November 2023.

Great Wealth Enhancer | Limited Pay Endowment Insurance