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)
Please pay at the following payment channels that are EXEMPTED from third party payor requirement:
No.
Payment Channel
Details
1
Appointed banks’ counter
OCBC Bank, Public Bank and Bank Simpanan Nasional (BSN)
2
Internet Banking
OCBC Bank, Maybank, Public Bank, CIMB Bank, RHB Bank and Bank Simpanan Nasional (BSN)
