GREAT Index Income
GREAT Index Income | Endowment Plan with Index-Linked Returns
Achieve your financial goals with index-linked potential and capital guaranteed
You have worked hard to build the life you have – now it’s time to protect it and let it grow. GREAT Index Income, a single-premium, non-participating endowment plan utilises derivatives to deliver index-linked returns1 based on the performance of the UBS Multi Asset Engle SGD Index2, providing potential growth and opportunities for portfolio diversification. At the same time, it guarantees 100% of your capital at maturity3.
Choose the flexibility to withdraw or accumulate your yearly payouts according to your financial strategy when the index grows. Additionally, the plan includes coverage for death and accidental death, with no medical assessment required.
Whether you are supporting your loved ones or planning for retirement, GREAT Index Income gives you the confidence to move forward – knowing your future is built on both opportunity and security.
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Key benefits
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Grow wealth through index-linked returns1
Tap into the performance of the UBS Multi Asset Engle SGD Index2 to enjoy potential upside, with zero downside risk to your capital.
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100% capital guarantee3 for peace of mind
Receive 100% of your single premium contribution at maturity, regardless of market fluctuations.
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Flexible income options to suit different needs
Choose to withdraw each Yearly Income Benefit4 or opt to accumulate them when the index grows, to potentially grow your wealth further.
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Life protection at no additional cost
Enjoy insurance coverage against death and accidental death with no medical assessment required.
How to calculate the Yearly Income Benefit4
Your questions answered
GREAT Index Income is a single premium, non-participating endowment insurance plan denominated in Singapore Dollars that provides index-linked returns based on the performance of the underlying index – UBS Multi Asset Engle SGD Index, providing a dynamic, responsive and risk-managed way to capitalise on market opportunities. When the index returns are positive, you can choose to receive payouts on a yearly basis or let them accumulate for enhanced growth. At the same time, it guarantees 100% of your capital at maturity.
For more details on the index, please refer to https://indices.ubs.com/UBENMA6S.
GREAT Index Income provides you with financial protection against death and accidental death. If the life assured dies during the policy term, we will pay 101% of the single premium. If the life assured dies from an accident during the policy term, we will pay 105% of the single premium. We will deduct any debts under the policy before paying the remaining sum.
There are certain situations when we will not pay the benefits under this policy. Please refer to the Product Summary and Policy Contract for more details.
Yearly Income Benefit is based on the performance of the underlying index and the Participation Rate for the segment on a 12-month rolling basis. Based on the values at the point of calculation, the Yearly Income Benefit is calculated as follows:
Index Return x Participation Rate x Single Premium
Positive index returns are uncapped and the minimum rate of return is guaranteed at 0% p.a. to protect your policy from poor market performance. The Participation Rate is determined at the start of the segment. Should the rate of return is determined to be at the minimum of 0%p.a., no Yearly Income Benefit will be payable. The rate of return is calculated based on the Index Return and the Participation Rate for the segment.
Any Yearly Income Benefit will be paid in one lump sum, within 14 business days from the relevant segment maturity date, provided that the Policy is still in force.
A segment is always initiated on the 16th day of the month and it will mature 12 months later, on the 15th day of the same month in the following year (i.e. segment maturity date). The first segment will be initiated in the following month after the policy starts. As this plan has a policy term of 9 years, there will be a total of 9 segments created by the end of the policy term.
Please refer to the Product Summary for more details on the Yearly Income Benefit.
If the life assured is still surviving when the policy matures, we will pay the single premium with the last yearly income benefit (if any) within 14 business days from the last segment maturity date. Any debt under the policy will be deducted before the remaining balance is paid in one lump sum.
The Policyholder will receive an annual update after a segment has matured. The update will include information on the yearly income benefit and participation rates for the segment (current and past).
We have included fees and charges when working out the premium and you will not be separately charged for these.
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, if any, that is payable to you may be zero or less than the total premiums paid.
A guaranteed minimum rate of return of 0% p.a. safeguards your policy against market downturns. If the rate of return is determined to be at the minimum, no yearly income benefit will be payable. Your capital is guaranteed upon maturity of the policy provided there are no policy alternations such as partial surrenders during the policy term.
For more details on GREAT Index Income, please refer to the product summary of the relevant plan. Alternatively, you may also speak to your financial representative or call us at 1800 248 2888 (9am to 5.30pm (Monday to Friday).
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Understand the details before buying
1 Subject to the prevailing Participation Rate used to calculate the Yearly Income Benefit for the segment. A segment is always initiated on the 16th day of the month (i.e. the segment initiation date) and it will mature 12 months later, on the 15th day of the same month in the following year (i.e. segment maturity date).
2 The UBS Multi Asset Engle SGD Index, is a Singapore dollar denominated index, providing multi-asset exposure to a portfolio of S&P 500 futures, US 10 Year Treasury Note futures and Gold futures, with a target risk exposure of 60%, 30% and 10% respectively. The Index targets a volatility of 6% using a proprietary portfolio volatility control mechanism, which incorporates intraday volatility control and a dynamic correlation model, leveraging on research from Nobel Award winner Robert F. Engle. Please note that past performance may not be indicative of future performance.
3 Capital is guaranteed upon maturity provided that no policy alterations such as partial surrenders are made during the policy term of 9 years. Any debt under the policy will be deducted before the remaining balance is paid in one lump sum.
4 The “Yearly Income Benefit” is non-guaranteed and subject to the performance of the underlying index and the segment Participation Rate. Please note that past performance may not be indicative of future performance. Derivatives will also be used to provide the Yearly Income Benefit.
5 The “Index Return” is the percentage change in the value of the index from the start to the end of the segment. The Index Return for the segment is uncapped and the minimum rate of return is guaranteed at 0% p.a. to safeguard your policy against market downturns. If the rate of return is determined to be at the minimum, no Yearly Income Benefit will be payable.
6 The “Participation Rate” is a rate used to calculate the Yearly Income Benefit. It is non-guaranteed and can vary for each segment, but it will not go below the guaranteed minimum Participation Rate of 25%. We will determine the Participation Rate on the segment initiation date. Once set, the rate will not change throughout that segment term. However, if a partial surrender occurs, the Participation Rate may be adjusted based on the revised single premium.
All figures in the above illustrations are based on an IIRR of 3.25% p.a. and 3.50% p.a. with an average Participation Rate of 37% and 40% respectively and an accumulation interest rate of 3.00% p.a. and are subject to rounding.
Based on an IIRR of 2.00% p.a., guaranteed minimum Participation Rate of 25% and an accumulation interest rate of 1.50% p.a:
* The Yearly Income Benefit is S$1,000.
^ The total accumulated Yearly Income Benefit at age 49 is S$9,559.
# The total illustrated benefit at age 49 is S$59,559.
† The Yearly Income Benefit is S$2,000.
‡ The total accumulated Yearly Income Benefit at age 49 is S$19,118.
§ The total illustrated benefit at age 49 is S$119,118.
The three IIRRs used (2.00% p.a., 3.25% p.a. and 3.50% p.a.) are purely illustrative and do not represent lower and upper limits on the index performance. The actual benefits payable will depend on the actual performance of the index and the Participation Rates. The accumulation interest rate is not guaranteed and can be changed from time to time.
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 the Chinese versions, the English version shall prevail.
Information correct as at 23 July 2025.
Index Disclaimer
UBS AG and its affiliates (“UBS”) do not sponsor, endorse, sell, or promote GREAT Index Income (the “product”). UBS has licensed certain UBS marks and other data to the Great Eastern Life Assurance Company Limited (“Great Eastern”) for use in connection with the product and the branding of the product, but UBS is not involved in the calculation of the product, the construction of the product’s methodology or the creation of the product, UBS is not involved in the sale or offering of the product, and UBS does not make any representations or warranties with respect to the product.
The index applies a volatility control mechanism developed by UBS AG in collaboration with Engle Volatility Consulting LLC (“Engle Consulting”), the research principal of which is Robert F. Engle. Engle Consulting is not an investment adviser, does not guarantee the accuracy and completeness of the index or the product or any data or methodology either included therein or upon which it is based. neither the index nor the product is sponsored, endorsed, sold or promoted by Engle Consulting or Robert F. Engle. Engle Consulting and Robert F. Engle do not make any representation or warranty, express or implied, to any financial institution, investor of or counterparties to the index or the product or to any member of the public regarding the product or the advisability of investing in securities generally or in the index or the product particularly. For more information on the index, please refer to https://indices.ubs.com/UBENMA6S