Get Term Life Insurance DIRECT - GREAT Term | Life Insurance

#Lifeproof your essential protection at affordable premiums

DIRECT – GREAT Term and DIRECT – GREAT 5yr Term provide essential protection against Death, Terminal Illness¹ and Total and Permanent Disability² for a fixed period at affordable premiums. These easy-to-understand plans can be bought directly with no financial advisory cost.

With DIRECT – GREAT Term, you can choose to be covered with a 20-year term plan or until age 65. Premium is guaranteed and the premium payment term will follow the chosen policy term.

With DIRECT – GREAT 5yr Term, you can have a five-year term plan renewable for the same sum assured up to age 80.

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Frequently Asked Questions

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Key benefits

Essential coverage at affordable premiums

Protection against Death, Terminal Illness¹ and Total and Permanent Disability² .

Choice of premium payment term to meet your needs

Choose a premium payment term of 20 years or up to age 65 or a 5-year renewable term plan.

Option to add-on critical illness coverage

Enhance your coverage against 30 critical illnesses with optional DIRECT - GREAT Critical Care/ 5yr Critical Care rider³ .

How to apply

You can submit an application online via ‘Buy Now’ or through manual application by following these steps:

Download the Proposal Form and the Direct Purchase Insurance Factsheet.
Print the completed Proposal Form and Direct Purchase Insurance Factsheet.
Visit our Customer Service counters at Great Eastern Centre (address below) with both documents.

1 Pickering Street
Great Eastern Centre
Singapore 048659

For more information, you can download these documents:

Direct Purchase Insurance Factsheet

Servicing Guide

Sample policy wording for DIRECT - GREAT Term

Sample policy wording for DIRECT - GREAT 5yr Term

Sample policy wording for DIRECT - GREAT Term with DIRECT - GREAT Critical Care

Sample policy wording for DIRECT - GREAT 5yr Term with DIRECT - GREAT Critical Care

Find out how much coverage you need with the Insurance Estimator:
https://www.cpf.gov.sg/eSvc/Web/Schemes/InsuranceEstimator/InsuranceEstimator
It is important to purchase an insurance plan which is within your budget. In the event that you are unable to keep up with the premium payments, your insurance policy will lapse, which will lead to a loss of insurance coverage. Check out the affordability of the premium with this calculator:
https://www.moneysense.gov.sg/financial-tools/budget-calculator
To compare similar products in Singapore, please visit the Web Aggregator by clicking the link below:
http://www.comparefirst.sg
Please take note of the following points before decide to purchase this plan:
(a) The DPI is not a savings account or deposit;
(b) You may not get back the premiums paid (partially or in full) if you terminate or surrender the policy early;
(c) Some benefits of the DPI are not guaranteed;
(d) There is a 14-day free-look period
If you fulfil any two of the following criteria:
(i) 62 years of age or older
(ii) not proficient in spoken or written English
(iii) attained GCE ‘O’ level or ‘N’ level certification, or equivalent academic qualifications;
then you are strongly encouraged to bring along a Trusted Individual to our Customer Service counter to assist in your insurance application.

The Trusted Individual should be:
(i) be at least 18 years of age;
(ii) have Attained GCE ‘O’ level or ‘N’ level certification, or equivalent academic qualifications;
(iii) be proficient in spoken or written English; and
(iv) have your trust
For information on what to expect after you purchase your plan, see view below:

Get this plan

You can submit an application by clicking on ‘Buy Now’ or for more information, please contact our friendly Customer Service Officers.

Contact us

1800 248 2888

wecare-sg@greateasternlife.com

Footnotes

¹ Terminal Illness refers to a conclusive diagnosis of an illness that is expected to result in the death of the Life Assured within 12 months of the diagnosis. The terminal illness must be diagnosed by a registered medical practitioner and must be supported by evidence acceptable to the Company. Please refer to the policy contract for the full list of exclusions.

² Total and Permanent Disability (TPD) refers to:
(a) The Life Assured, due to accident or sickness, is disabled to such an extent as to be rendered totally unable to engage in any occupation, business or activity for income, remuneration or profit; and the disability must continue uninterrupted for at least 6 consecutive months from the time when the disability started; and the disability must, in the view of a medical examiner appointed by the Company, be deemed permanent with no possibility of improvement in the foreseeable future; or

(b) The Life Assured, due to accident or sickness, suffers total and irrecoverable loss of use of:
(i) the entire sight in both eyes; or (ii) any two limbs at or above the wrist or ankle; or (iii) the entire sight in one eye and any one limb at or above the wrist or ankle.
Subject to a maximum TPD Benefit of S$5,000,000 on all policies and riders issued by the Company on the same Life Assured.
The TPD benefit is only applicable if TPD occurs before the policy anniversary on which the Life Assured is age 65 next birthday.

³ DIRECT - GREAT Critical Care/ 5yr Critical Care rider. On diagnosis of one of the 30 critical illnesses (except for Angioplasty & Other Invasive Treatment for Coronary Artery), the basic sum assured will be accelerated and paid in one lump sum. This rider will then be terminated. The amount of accelerated basic sum assured equals to the sum assured of this rider.
Subject to a maximum CI Benefit of S$3,000,000 on all policies and riders issued by the Company on the same Life Assured.

For Angioplasty & Other Invasive Treatment for Coronary Artery (“Angioplasty”), the basic sum assured equal to 10% of the rider sum assured (up to a maximum of S$25,000 per Life Assured) will be payable if the Life Assured undergoes a treatment. After a claim is paid, the balance of the rider sum assured and balance of the basic sum assured with reduced premiums will continue. No benefit for Angioplasty will be payable for subsequent treatments under this and any other policies and riders covering Angioplasty.
No benefit under this rider will be payable for Heart Attack of Specified Severity, Major Cancer, Coronary Artery By-pass Surgery or Angioplasty & Other Invasive Treatment for Coronary Artery if the diagnosis is made within 90 days from the date of commencement of this rider, or from the date of any reinstatement.
Sum assured is capped at S$400,000 for all direct purchase insurance plans.

There are two non-participating riders available:

You can attach DIRECT – GREAT Critical Care to DIRECT – GREAT Term.
You can attach DIRECT – GREAT 5yr Critical Care to DIRECT – GREAT 5yr Term.

Premiums vary according to age at entry, gender and lifestyle choices, such as smoking. The premium charged is not guaranteed and may be revised in future at the Company’s discretion

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