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GREAT Flexi Protect Series 3
GREAT Flexi Protect Series 3 | Multiplied Lifetime Coverage
Secure lifelong multiplied coverage to protect you and your loved ones
Your protection needs will vary as you journey through different phases of life. That’s why it’s great to have a plan that gives you the flexibility to customise your coverage to protect yourself and safeguard your family – starting today and into the future.
GREAT Flexi Protect Series 3 not only lets you choose from three regular premium whole life participating plans, it also gives you the option to enhance your protection with riders to multiply the sum assured or add-on critical illness coverage, so that you can provide an even wider financial safety net for your family.
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Key benefits
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Lifetime coverage that increases as you age
Enjoy a potential increase in your protection value from non-guaranteed bonuses with each policy year, from your selection of one of our three base plans.
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Multiply your coverage to suit your protection needs
Have the flexibility to multiply1 your protection value up till age 100 with our optional riders.
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Choice of premium terms to align to your financial needs
Choose from different premium terms to match your financial commitment, be it 20 years or till you’re 55 or 65 years old - while continuing to enjoy protection for life.
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Receive more cash payouts for critical illnesses and medical conditions
Get additional payouts for medical conditions covered under the Special Benefit, Juvenile Benefit, Senior Benefit and Benign Tumour Benefit2.
Customise your plan to your life stages and the coverage you need
| Coverage | Base Plans | Choice of up to 3 optional riders | ||||
| GREAT Flexi Protect 3 | GREAT Flexi Living Protect 3 | GREAT Complete Flexi Living Protect 3 | Term Multiplier Rider 3 | Living Multiplier Rider 3 | Complete Living Multiplier Rider 3 | |
| Death, Total and Permanent Disability, Terminal Illness | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Accidental Total and Permanent Disability | ✔ | ✔ | ✔ | |||
| Critical Stage of Critical Illness | ✔ | ✔ | ✔ | ✔ | ||
| Early and Intermediate Stages of Critical Illness | ✔ | ✔ | ||||
| Additional Benefits: Special Benefit, Juvenile Benefit, Senior Benefit, Benign Tumour Benefit | Only for Angioplasty | ✔ |
Only for Angioplasty | Only for Angioplasty | ||
Here's how GREAT Flexi Protect Series 3 provides lifetime protection with add-on critical illness coverage
Your questions answered
1. What is “GREAT Flexi Protect Series 3”?
The GREAT Flexi Protect Series 3 consists of three (3) regular premium whole of life participating insurance plans that offers you the flexibility to choose from a selection of base plans with optional Multiplier Riders to enhance your coverage such as for comprehensive critical illness cover from the early to critical stages, according to your protection needs. This series of base plans allows you to participate in the performance of the participating fund in the form of bonuses that are not guaranteed. The objective of the plans is to provide insurance protection together with stable medium- to long-term returns using a combination of guaranteed benefits and non-guaranteed bonuses.
2. What is the coverage under GREAT Flexi Protect Series 3?
There are 3 base plans available under GREAT Flexi Protect Series 3, namely GREAT Flexi Protect 3, GREAT Flexi Living Protect 3 and GREAT Complete Flexi Living Protect 3 with different features and benefits to match your protection needs.
· GREAT Flexi Protect 3 provides financial protection against death, total and permanent disability, accidental total and permanent disability and terminal illness.
· GREAT Flexi Living Protect 3 provides financial protection against death, total and permanent disability, accidental total and permanent disability, terminal illness and critical stage critical illness. In addition, this plan also provides benefit for Angioplasty and Other Invasive Treatment For Coronary Artery.
· GREAT Complete Flexi Living Protect 3 provides financial protection against death, total and permanent disability, accidental total and permanent disability, terminal illness and critical illness across different stages of severity. In addition, this plan also provides additional benefits in the form of special benefit, juvenile benefit, senior benefit and benign tumour benefit.
Table below shows an overview of coverage under GREAT Flexi Protect Series 3 and the optional Multiplier Riders available:
For detailed terms and conditions on the benefits payable, you are advised to read the policy contract.
| COVERAGE | BASE PLANS | CHOICE OF UP TO 3 OPTIONAL RIDERS | ||||
| GREAT Flexi Protect 3 | GREAT Flexi Living Protect 3 | GREAT Complete Flexi Living Protect 3 | Term Multiplier Rider 3 | Living Multiplier Rider 3 | Complete Living Multiplier Rider 3 | |
| Death, Total and Permanent Disability, Terminal Illness | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Accidental Total and Permanent Disability | ✓ | ✓ | ✓ | |||
| Critical Stage of Critical Illness | ✓ | ✓ | ✓ | ✓ | ||
| Early and Intermediate Stages of Critical Illness | ✓ | ✓ | ||||
| Additional Benefits: Special Benefit, Juvenile Benefit, Senior Benefit, Benign Tumour Benefit | Only for Angioplasty | ✓ | Only for Angioplasty | Only for Angioplasty | ||
3. Are the premium rates for GREAT Flexi Protect Series 3 and the optional Multiplier Riders guaranteed? ·
The premium rates for GREAT Flexi Protect 3 and Term Multiplier Rider 3 are guaranteed.
The premium rates for GREAT Flexi Living Protect 3, GREAT Complete Flexi Living Protect 3, Living Multiplier Rider 3 and Complete Living Multiplier Rider 3 are NOT guaranteed. We may change these rates based on future experience. We may amend the premium rates at any time with at least 45 days' notice before the premium due date at which the amended rates will apply. The amended rates will apply according to the age next birthday of the life assured as at the date of commencement of the policy.
4. What are the types of bonuses that I will receive under GREAT Flexi Protect Series 3?
GREAT Flexi Protect Series 3 provides both guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been declared, will be paid regardless of how the participating fund performs. Non-guaranteed benefits are in the form of future bonuses. The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund. There are two main types of bonuses for GREAT Flexi Protect Series 3:
· reversionary bonus; and
· terminal bonus.
5. What happens if you surrender GREAT Flexi Protect Series 3 early?
If you surrender your policy after the 14-day free-look period, you may lose part or all of the premiums paid. This is because the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. Buying a new policy may mean we need to reassess the life assured's health and circumstances and may result in higher premiums and/or benefit exclusions due to the age and health status. There will be no protection if you surrender your policy early and you will also lose part or all of your premiums.
6. What are the risks of a participating regular premium whole life plan?
GREAT Flexi Protect Series 3 provides guaranteed and non-guaranteed benefits. We will pay the guaranteed benefits no matter how the participating fund performs. Non-guaranteed benefits do depend on the performance of the participating fund.
For more details on GREAT Flexi Protect Series 3, please refer to the product summary of the relevant plan. Alternatively, you may also speak to your financial representative or call us at 1800 248 2888 (9am to 5.30pm (Mon- Fri).
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Our financial representative will answer any questions you may have about our products and planning.
Understand the details before buying
1 Subject to the maximum coverage allowed.
2 Special Benefit (including Angioplasty and Other Invasive Treatment For Coronary Artery), Juvenile Benefit (for an insured child up to age 18), Senior Benefit and Benign Tumour Benefit are applicable to GREAT Complete Flexi Living Protect 3 only. Please refer to the Product Summary for the list of conditions covered.
3 Rounded down to the nearest dollar. Premium rates for Living Multiplier Rider 3 and Complete Living Multiplier Rider 3 are not guaranteed and may be adjusted based on future experience of the plans.
4 The non-guaranteed bonuses accumulate with each policy year and end when the basic sum assured is fully claimed.
5 Subject to the applicable benefit limit for Angioplasty and Other Invasive Treatment For Coronary Artery.
*The non-guaranteed benefits are illustrated based on the illustrated investment rate of return (IIRR) of the participating fund at 4.25% p.a.. At IIRR of 3.00% p.a., the non-guaranteed bonuses would be S$31,143. The actual benefits payable may vary according to the future performance of the participating fund. Figures illustrated are rounded down to the nearest dollar.
All ages specified refer to age next birthday.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
The above is for general information only. It is not a contract of insurance. The precise terms and conditions of these insurance plans are specified in the policy contract.
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).
In case of discrepancy between the English and the Chinese versions, the English version shall prevail.
Information correct as at 26 July 2023.