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SmartProtect Max

SmartProtect Max -  Great Easter

Wealth protection for greater living

You can never put a price on the happiness and wellbeing of the people you love. That is why you do your best to provide a comfortable life for them, one that allows them to realise their dreams, free from financial uncertainty, well protected from economic adversity.

With SmartProtect Max, you have the opportunity to advance towards your goal of protecting what is most precious to you, helping your loved ones to continue on with their lives should the unexpected happen.

Key benefits

Long-term coverage, flexible payment

Protecting you for up to 30 years, the plan lets you choose a premium payment term of 5, 10 or 20 years1, depending on your needs and goals.

1% added to sum assured every year

Your sum assured grows by 1% every year throughout your coverage period1 to give you much added assurance, and your loved ones added peace of mind.

High coverage for death or TPD

With coverage starting from RM500,000, the plan ensures that you and your loved ones will not be financially burdened should the unexpected occur1.

No-Lapse Guarantee

A 'No-Lapse Guarantee' in the first six policy years ensures that your policy remains in force even if your total investment value becomes zero, so long as the premiums are paid consistently on each premium due date or during the grace period, and no withdrawal is made within the first six policy years1.

Choose your protection and investment levels

Choose your protection and investment levels according to your needs and goals. You can also boost the investment value of your policy via single premium top-ups with a minimum amount of RM1,000, which will effectively provide a fresh injection of 95% of the paid premium to unit funds1.

Pick your own funds

The plan gives you access to professionally managed funds. You can pick the funds that suit your risk appetite and investment style. If your needs change, simply switch your choice of funds1.

Conversion at maturity

At the maturity date of your policy, you may purchase a level sum assured Endowment or Whole Life policy, but not later than the year in which you attain age 80 years next birthday.

Life planning advisor

Contact a life planning advisor

Talk to your Great Eastern life planning advisor to see which insurance solutions are right for you. No representative yet? Simply browse through our list of life planning advisors.

Visit Us

Menara Great Eastern
303 Jalan Ampang
50450 Kuala Lumpur

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 planning advisor or have us call you back.

Footnotes

1 Terms and conditions apply.

Disclaimer

SmartProtect Max is a limited pay regular premium investment-linked insurance plan. The sustainability of the policy depends on the performance of the underlying funds. Some of the choice of funds invest in Shariah-approved securities. This plan is an insurance product that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trusts. This is not a Shariah-compliant product. Premiums are payable until the end of the premium payment term, or until death or TPD, whichever comes first. 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:

  1. the total investment values of the policy based on the Net Asset Value at the next valuation date; and
  2. the investment values of the units which have been cancelled to pay for insurance charges and policy fee; and
  3. the amount of premiums that have not been allocated; minus the expenses incurred for medical examination, if any.

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.

The minimum basic premium allowable for the policy is RM1,200 a year. The premium may be segregated into Insurance Premium and Balancer (regular premium in excess of the Insurance Premium) if any, based on the premium invested for the policy.

In cases where the purchase involves a premium of a sizeable amount e.g. RM5,000 and more, you should consider purchasing a single premium investment-linked insurance plan as single premium plans offer better allocation rates for investment. However, please take note that single premium plans may not offer as much insurance protection as regular premium plans and may have less riders/supplementary benefits available.

You may stop paying the premiums and still enjoy protection as long as there is a sufficient total investment value to pay for the insurance charges, policy fee and supplementary benefit premiums, where applicable. However, there is a possibility of the policy lapsing when the required charges, including rider charges, exceed the value of the fund units available. Purchasing too many unit-deduction riders may deplete the fund units.

Buying an investment-linked insurance plan is a long-term commitment. An early termination of the policy involves high costs and the withdrawal value is dependent on prevailing market value of the underlying assets of the unit fund. Therefore, the withdrawal value may be less than the total premiums paid. The policy value may rise or fall, based on the underlying performance of the funds. The performance of the funds is not guaranteed. The investment risk under the policy will be borne solely by the policy owner. Past actual performance is not a guide to future performance, which may be different.

Any amount of the premium 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.

The above 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.

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

Information correct as on 1 February 2015.

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Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd
Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd