GREAT Prime Rewards | Guaranteed Income Stream

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 Coverage for Presumptive Total and Permanent Disability (TPD) is for the whole of the policy term, while coverage for other forms of TPD is up till the policy anniversary on which the life assured is age 65. Presumptive TPD refers to a state of incapacity which is total and permanent and takes the form of total and irrecoverable loss of:

(a) the sight in both eyes;

(b) the use of two limbs at or above the wrist or ankle; or

(c) the sight in one eye and the use of one limb at or above the wrist or ankle.

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

² The prevailing accumulation interest rate is 2.50% p.a. based on Illustrated Investment Rate of Return (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.

^*Only applicable to GREAT Prime Rewards (5+15) with single premium of S$100,000 or more, under payout option.

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

^† The figure comprises guaranteed and non-guaranteed benefits. The non-guaranteed benefit is illustrated based on assumption that the IIRR of the participating fund is at 4.25% p.a..

In Scenario 1, based on IIRR of 3.00% p.a., the guaranteed cashback is S$7,000 per year and the non-guaranteed cash bonus is S$1,500 per year. The total cashback + cash bonus that Leo receives over the course of the policy is S$127,500, which is 127.50% of the single premium paid.

In Scenario 2, the non-guaranteed accumulation rate is at 2.50% p.a.. Based on IIRR of 3.00% p.a., the total amount that Leo receives when the policy matures is S$136,823, which is 136.82% of the single premium paid, of which S$105,000 is guaranteed. The non-guaranteed accumulation rate is at 1.00% p.a..

As the bonus rates used for the benefits illustrated are not guaranteed, the actual benefits payable may vary according to the future experience of the participating fund.

All ages specified refer to age next birthday.

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

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.

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 Chinese versions, the English version shall prevail.

Information correct as at 19 July 2021.