Third Party Payor

As part of the Bank Negara’s Anti-Money Laundering and Counter Financing of Terrorism guideline, all policy-related payments from third party payor must provide the following requirement effective 1st August 2020:

• Complete the Customer Details Form for Third Party Payor (available from our payment counter and website)
• Photocopy of the Third Party Payor’s identity document (e.g. NRIC, passport) – not require if the third party payor is an entity or company.

This is applicable to all types of payment (cash, cheque, credit/debit card) regardless of amount using the following payment channels:

• Payment counters at Great Eastern office
• By mail (cheque) to Great Eastern office
• EasiPay Service form for credit card auto-debit using third party’s credit/debit card

Any person or entity (company, organization etc.) that is NOT registered in the insurance policy record or the parties listed below:

• Proposer
• Life Assured
• Absolute Assignee
• Intermediaries (agents, brokers and financial advisers)