A solution that takes your savings further
A great life begins with a savings plan that brings you closer each year towards the dreams you treasure for yourself and your loved ones.
Great Flexi Wealth is a universal life endowment plan that takes you further towards fulfilling your treasured aspirations by helping you save while allowing you to rest assured that you are well protected.
Enjoy the protection of 20 years – choose between a premium payment term of either 5 or 10 years to suit your level of affordability and commitment1.
With no health questions asked and no medical examinations required, obtaining protection is easy1.
Grow your savings with regular cash benefit. You may withdraw or reinvest your yearly Guaranteed Cash Payment2 with the Company for potential upside1.
You and your loved ones are protected against the unexpected by receiving higher of Prevailing Sum Assured3 or Account 1 Value; plus any Account 2 Value upon Death due to non-accidental causes or TPD due to all causes which occurs prior to the policy anniversary of age 70 years next birthday1.
Higher protection should accidental death occur in any policy year prior to the policy anniversary of attained age 65 years next birthday of the Life Assured1.
Upon maturity of the policy, you will receive a lump sum payment equivalent to the higher of 105% of total Basic Annualised Premium paid less total Guaranteed Cash Payment paid or Account 1 Value; plus any Account 2 Value1.
Great Flexi Wealth comes with a ‘No-Lapse Guarantee’. This valuable feature ensures that your policy will continue to remain in force even if your Account 1 Value and Account 2 Value become zero, so long as the premiums are paid up to date and there is no overdue premium interest on your policy1.
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.
Menara Great Eastern
303 Jalan Ampang
50450 Kuala Lumpur
1 Terms and conditions apply.
2 At the end of each policy year, a percentage of your Basic Annualised Premium is payable to you by way of Guaranteed Cash Payment (GCP), provided that all basic premium and overdue premium interest, if any, for the respective year are paid. This cash benefits will be payable until death, TPD, surrender or maturity, whichever occurs first.
3 Prevailing Sum Assured is the (percentage of Total Basic Premium paid) less Total GCP paid excluding any advance premium paid.
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.