Prime Retirement

Retirement Plan

Prime Retirement

An affordable start to a picture perfect retirement

While we are busy building our career and fulfilling our personal and financial commitments, saving for retirement may seem like a distant reality. At Great Eastern, we are here to make retirement planning simple so whether it is going for second honeymoons or pursuing your passions, the opportunities in your life after work can be well within your reach.

 

Plan your later years the easy way with Prime Retirement – an affordable retirement plan that offers you the security of guaranteed monthly retirement income, along with non-guaranteed monthly cash bonuses1 and maturity value.

 

Whatever your plans may be for the future, the good news is that there is now an easy way to kickstart your journey to a comfortable retirement.

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Key benefits

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Guaranteed monthly retirement income

Guaranteed monthly retirement income, along with non-guaranteed monthly cash bonuses1  and maturity value.

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Guaranteed Acceptance

Policy issuance is guaranteed and receive coverage against Death and Total and Permanent Disability with no medical underwriting.

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Flexibility to customise your plan

Freedom to choose payout age, period, premium term and accumulation option.

A non-guaranteed cash bonus is determined annually on each policy anniversary, starting from the payout age (62 age next birthday or 65 age next birthday). Once declared, the cash bonus will be guaranteed. For each cash bonus declared annually, it will be split into 12 monthly cash bonus instalments and each instalment will be paid out at the end of each policy month together with the monthly retirement income. The last monthly distributed cash bonus and the final declared annual cash bonus will be paid at policy maturity. Actual benefits payable will vary according to the future experience of the Participating Fund.

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.

 

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid.

 

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

 

This plan 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 on 13 August 2015.