GREAT Flexi Cashback

Endowment insurance combines protection with a savings element. It pays the sum assured along with any accumulated bonuses either at the end of a fixed period (maturity date) or upon death/ total and permanent disability (if this benefit is provided) during this period. Endowment insurance allows you to take part in the performance of the participating fund in the form of bonuses that are not guaranteed.For GREAT Flexi Cashback, the maturity benefit payable is an amount equal to the Guaranteed Surrender Value for the final policy year plus bonuses.

Term insurance provides protection for a fixed period. It pays the sum assured only if you pass away, become totally and permanently disabled or are diagnosed with a covered critical illness (if the benefit is included) during this period. These products are typically more affordable as they do not include a savings element, meaning there is no cash value if the plan is surrendered early.

You may refer to 'Your Guide to Life Insurance' for more information.

1. What is GREAT Flexi Cashback?

GREAT Flexi Cashback is a regular premium participating endowment plan. It provides yearly cash payouts¹ starting from the end of Policy Year 2 until the policy year before the plan matures and a maturity benefit at the end of the chosen policy term. This plan allows you to take part in the performance of the participating fund in the form of bonuses that are not guaranteed.

This plan is offered on a guaranteed issuance basis (GIO) with no medical underwriting.  Financial underwriting still applies.

2. What is the coverage under GREAT Flexi Cashback?

GREAT Flexi Cashback provides financial protection against death, total and permanent disability (TPD) and terminal illness.

If the insured suffered from any of the abovementioned events during the policy term, we will pay in one lump sum, plus bonus (if any), less any outstanding debts:

(i) 105% of Total Standard Annual Premiums Paid, excluding premiums of rider(s) attached (if any); or

(ii) 101% of Guaranteed Surrender Value;

whichever is higher.    

The policy will end when we make this payment.

3. How would I receive the yearly cash payouts¹?

You can choose to withdraw or keep the yearly cash payouts¹ with the Company to earn interest at the prevailing interest rate which may vary from time to time without prior notice. You have the options to receive the cash payouts via PayNow, direct credit into a Singapore bank account or cheque.

4. Can I surrender the policy early?

Partial or full surrender of the policy is allowed any time after the policy commencement. However, 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 that is payable to you may be zero or less than the total premiums paid.

5. What happens if I do not pay my premiums on time?

If you do not pay your premiums on time, your policy may lapse (after a 30-day grace period) depending on the net surrender value. If the policy has net sufficient surrender value, you will be given an automatic premium loan. If your policy lapses because it does not have sufficient net surrender value, you may reinstate the policy within 6 months from the date it lapsed and usual reinstatement conditions apply.

6. What are the fees and charges?

We have included fees and charges when working out the premium and you will not be separately charged for these. Please refer to the Product Summary on details of the fees and charges.

¹ The guaranteed yearly cash payout is 4.30% of the Basic Sum Assured. Refer to Annual Survival Benefits in policy contract. Terms and conditions apply.

² Cash payouts are payable upon the survival of the life assured at the end of each policy year, starting from the end of policy year 2 till the year before policy maturity.

³ At an illustrated investment rate of return (IIRR) of 4.25% p.a., the prevailing interest rate is 3.00% p.a. At an IIRR of 3.00% p.a., the prevailing interest rate is 1.50% p.a.. This rate is not guaranteed and can be changed from time to time.

⁴ The Company will pay the higher of the following in one lump sum, plus attaching bonus (if any), less debt:

(a) 105% of total standard annual premiums paid; or

(b) 101% of guaranteed surrender value.

⁵ For Total and Permanent Disability (TPD) that takes the form of total and irrecoverable loss of the: (a) sight in both eyes; (b) use of two limbs at or above the wrist or ankle; or (c) sight in one eye and the use of one limb at or above the wrist or ankle, the life assured will be covered for the whole of the policy term. For other forms of TPD, it must occur before the policy anniversary on which the life assured is age 65 next birthday. You are advised to refer to the product summary for more details, including other forms of TPD.

^{^} At an IIRR of 3.00% p.a., the illustrated maturity benefit is S$54,292.

^* At an IIRR of 3.00% p.a., the total illustrated benefit is S$92,633 (1.15x of total premiums paid).

^† At an IIRR of 3.00% p.a., the total illustrated benefit is S$100,364.

The illustrated figures comprises of guaranteed and non-guaranteed benefits. The non-guaranteed benefits are illustrated based on an IIRR of the participating fund at 4.25% p.a.. The actual benefits payable may vary according to the future performance of the participating fund.

All ages specified refer to age next birthday.

Figures illustrated are rounded 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 terms, conditions and exclusions 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 17 August 2026.