Great Flexi Wealth

Great Flexi Wealth is a limited pay universal life endowment plan. 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, however, the fees and charges are not guaranteed and Company might revise the charges deducted by giving 3 months’ notice.

You should satisfy yourself that these plans 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 Account 1 Value, unallocated premium for the basic policy, deducted charges such as insurance charge and policy fee and any Account 2 Value.

If you surrender your policy early, you may get back less than the amount you have paid. The policy will not lapse if you do not pay premiums after 30 days grace period as long as there is a sufficient value in Account 1 and Account 2 to pay the insurance charges and policy fees. Any premium paid after grace period will not be eligible for credited return which has been determined prior to such payment. It will be charged with overdue premium interest at a rate to be determined by the Company from time to time. The prevailing interest rate is available on the Company’s official website. The interest is chargeable from the premium due date and will not be allocated into Account 1 and Account 2 (if any). Your policy may lapse if you fail to pay your premium and the required charges exceed the value in Account 1 and Account 2 (if any).

Credited return is calculated based on the crediting rate. The actual crediting rate is not guaranteed and will fluctuate based on the investment performance. A higher crediting return may be credited if the investments have performed well and conversely, a lower or negative crediting return may be credited if the investments have performed poorly. A negative crediting rate will result in a reduction of Account Value.

Any amount of the premium that has not been allocated into Account 1 is used to meet the payment of commissions to intermediaries and general expenses of the Company.

The above is for general information only. It is not a contract of insurance. You are advised to refer to the Sales Illustration, 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 16 January 2017.