GREAT Lifetime Payout

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

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. 

¹ Monthly payout comprises of guaranteed survival benefit and non-guaranteed cash bonus. 3.00% p.a. of total annual premiums paid is based on an Illustrated Investment Rate of Return (IIRR) of the Participating Fund at 4.25% p.a.. At IIRR of 3.00% p.a., the monthly payout is 1.94% p.a. of the total annual premiums paid. The actual benefits payable may vary accordingly to the future experience of the Participating Fund.

² Capital guarantee is on the condition that premiums are paid by annual mode and no policy alterations are made.

³ The prevailing accumulation interest rate is 2.50% p.a. based on IIRR of 4.25% p.a. and 1.00% p.a. based on IIRR of 3.00% p.a.. This rate is not guaranteed and can be changed from time to time. 

All figures in the above illustration are based on IIRR of the participating fund at 4.25% p.a. and are subject to rounding.

^* Based on IIRR of 3.00% p.a., the monthly payouts payable from age 54 is S$145.50 (S$70.50 is non-guaranteed).

^† The total amount upon surrender includes total guaranteed and non-guaranteed surrender value plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Based on IIRR of 3.00% p.a., the total monthly payouts received by Jason is S$10,476 and the total amount upon surrender is S$91,083.

^‡ The total benefit received by Jason’s family includes total guaranteed and non-guaranteed death benefit plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Based on IIRR of 3.00% p.a., the total monthly payouts received by Jason is S$54,126 and the total benefit received by Jason’s family is S$97,843.

Interest earned on the unpaid month cash bonus is accumulated at 2.50% p.a. and 1.00% p.a. based on IIRR of 4.25% p.a. and IIRR of 3.00% p.a. respectively. This rate is not guaranteed and can be changed from time to time. The actual benefits payable may vary according to the future experience of the Participating Fund.

All ages specified refer to age next birthday.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

All figures used are for illustrative purposes only and are subject to rounding.

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.

In case of discrepancy between the English and Chinese versions, the English version shall prevail.

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).

Information correct as at 23 June 2021.