GREAT Life Advantage II

Hospitalisation: To cover the cost of hospitalisation, surgical or medical expenses - and make up for loss of income due to hospitalisation – consider GREAT SupremeHealth, GREAT TotalCare and Supreme MediCash.

Loss of income: To protect yourself against losing your monthly income because of illness or injury, consider Pay Assure.

¹ Voluntary reduction of basic sum assured to zero while maintaining the same amount of basic regular premiums, is allowed when:

a) the life assured has attained the age of 55 years; and

b) on the later of:

i)the 10th anniversary of the policy; or ii) at least 10 years from the last increase of the basic regular premium.

² The following will be payable in one lump sum, if the life assured dies, suffers from total and permanent disability (TPD) or is diagnosed with terminal illness while the policy is in force:

a) basic sum assured plus total amount of single premium top-ups (if any) less total amount of withdrawals (if any); or

b) account value,

whichever is higher, less any amounts owed to us.

³ Coverage for presumptive TPD is for the whole of the policy term, while coverage for other forms of TPD is till the policy anniversary on which the life assured will be age 65.

Presumptive TPD refers to a state of incapacity which is total and permanent and takes the form of:

a) total and irrecoverable loss of sight in both eyes;

b) total and irrecoverable loss of use of two limbs at or above the wrist or ankle; or

c) total and irrecoverable loss of sight in one eye, and total and irrecoverable loss of use of one limb at or above the wrist or ankle.

Please refer to the product summary for details on other forms of TPD.

⁴ Subject to a maximum increase in the basic sum assured of S$100,000 or 50% of the basic sum assured as at the date of commencement of the policy, whichever is lower, for each exercise of this option to adjust your coverage. Other terms and conditions apply. The annual premiums may be revised upon increasing the basic sum assured.

* Potential payout is illustrated based on 50% GreatLink Global Equity Fund and 50% GreatLink Diversified Growth Portfolio, at an illustrated investment rate of return (IIRR) of 8% p.a. At 4% p.a. IIRR, the payout is illustrated to be S$100,000. The two rates of return used (4% p.a. and 8% p.a.) are purely illustrative and do not represent upper and lower limits on the investment performance.  The actual benefits payable will depend on the actual performance of the underlying assets of the funds. The performance of the funds is not guaranteed and the surrender value may be less than the total premiums paid.

All ages specified (save that mentioned in footnote 1a) refer to age next birthday.

Figures illustrated are rounded down to the nearest dollar.

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 this insurance plan 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. 

Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. The value of the units in the Fund(s) and the income accruing to the units, if any, may fall or rise. Please refer to Fund Details and Product Highlights Sheet for the specific risks of the Fund(s). Past performance is not necessarily indicative of future performance.

This policy is 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 21 September 2020.