In response to the low interest rate environment and global economic outlook, we will be revising the interest rates earned on the Cash Benefits (Cash Bonus / Survival Benefits) accumulated with the Company and the interest rates for Policy Loan with effect from 1 July 2021 as follows.
*Interest rate on Policy Loan has been revised from 6.0% to 5.5% annually.
#Interest rate earned on the Cash Benefits (Cash Bonus / Survival Benefits) accumulated with the Company has been revised from 3.0% to 2.5% annually.
This rate revision does not apply to policies denominated in USD sold after year 2015.
For policies that are maturing, we offer various payment options to our policyholders.
For policyholders who are residing in overseas, we will be writing to inform you on the maturing of your policy and the available payment options before the due date. Please keep us informed on your preferred mode of receiving the payment so we could make the arrangement accordingly.
We are always on a lookout for policyholders whose policies have matured and have outstanding monies due to them under their insurance policies with Great Eastern Life.
We would require verification of the individual’s name and the last few digits of their identity number. If you know of any of these individuals, you may contact our Customer Service Officer (click here).