Prestige Portfolio
Prestige Portfolio | Personalised Investment-linked Plan
Secure your investment potential with versatility on fund choices
With Prestige Portfolio, you can invest in a wide range of investment funds and take advantage of growth opportunities with flexible premium payment options. You can also adjust your portfolio according to your changing needs with no minimum lock-in investing period.
What’s more, Prestige Portfolio offers added financial security for your investments with coverage on Accidental Death at no extra cost, and no medical underwriting required.
Achieve your wealth accumulation goals with this versatile plan today!
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Key benefits
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Achieve wealth accumulation goals with a versatile plan
Invest and take advantage of growth opportunities with flexible premium payment options.
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Adjust your portfolio according to your changing needs
With no minimum lock-in investing period, have full flexibility to make withdrawals without incurring partial withdrawal charge. Or fund switch at no additional cost1.
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Invest in a future of potentially greater returns
Enjoy potentially greater returns with a well-diversified range of funds carefully customised for you and managed by award-winning fund managers2.
Your questions answered
Prestige Portfolio is an investment-linked insurance plan (ILP) designed to meet your wealth accumulation needs. By giving you access to professionally managed funds, this allows the investment values of your policy to potentially grow in the long term.
You have 3 options for premium type:
(i) Regular premium – Cash only
(ii) Recurrent single premium – SRS only
(iii) Single premium – Cash and SRS
Recurrent single premium, or RSP, is a payment method that gives you full flexibility to continue or stop paying at any time. You may increase or reduce your recurrent single premium amount, subject to the prevailing minimum premium limit. Mid-way termination of premium payment does not subject you to any penalty.
Prestige Portfolio provides you with financial protection against death and accidental death.
We will pay the total investment value1 if the life assured dies during the policy term, except for death due to an accident.
Depending on the type of premium you are paying, we will pay the following if the life assured dies due to an accident before reaching age 80 next birthday:
| Regular premium | Recurrent single premium | Single premium | |
| Accidental death benefit | basic sum assured and the total investment value1 | (i) the basic sum assured; or (ii) the total investment value1, whichever is higher | (i) the basic sum assured; or (ii) the total investment value1, whichever is higher |
| Basic sum assured | Fixed at $10,000, regardless of any alteration to the regular premium, payment of investment top-ups, or partial withdrawals made. | The basic sum assured being: (i) 105% of the recurrent single premium paid; plus (ii) 105% of all investment top-ups (if any); less (iii) 100% of all amounts withdrawn (if any). The minimum basic sum assured is $1,000. | The basic sum assured being: (i) 105% of the single premium paid; plus (ii) 105% of all investment top-ups (if any); less (iii) 100% of all amounts withdrawn (if any). The minimum basic sum assured is $1,000. |
We will pay the total investment value1 if the life assured dies due to an accident on or after age 80 next birthday.
There are certain situations when we will not pay the benefits under the plan. These conditions are stated in the policy contract.
1The total investment value is the total value of all the units in all the funds you have selected, based on the relevant unit prices at the dealing day.
The list of funds can be obtained from our website.
Please note that every fund or combination of funds has its own investment objectives, horizon, liquidity, and level of risk. You are advised to select fund(s) that match your risk profile, needs and preferences.
(a) Premium charge
We will deduct a premium charge from the premiums you pay. The premium charge is a percentage of each payment of the premium or investment top-up, as shown in the product quotation for recurrent single premium and single premium or policy illustration for regular premium.
(b) Wrap fee
We will deduct the monthly wrap fee from the total investment value1 by cancelling policy units to pay the fee. The wrap fee is a percentage of the total investment value1, as shown in the product quotation for recurrent single premium and single premium or policy illustration for regular premium.
(c) Switching fee
There is currently no switching fee if you decide to switch units.
(d) Policy fee
We will deduct a monthly policy fee from the total investment value1 by cancelling policy units to pay the fee.
1The total investment value is the total value of all the units in all the funds you have selected, based on the relevant unit prices at the dealing day.
As buying a life insurance policy is a long-term commitment, an early termination of the policy after the free-look period usually involves high costs. Insurance coverage will be lost if you surrender your policy early.
The actual amount you will receive depends on the total investment value1. This may be lower than the total premiums and investment top-ups (if any) which you have paid.
1The total investment value is the total value of all the units in all the funds you have selected, based on the relevant unit prices at the dealing day.
When you invest in this plan using funds from your Supplementary Retirement Scheme (SRS), the plan will be managed in compliance with the SRS regulations as amended from time to time. If the terms and conditions are inconsistent with those regulations, then the regulations shall prevail.
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1 Subject to change at any time.
2 Past performance of the fund managers may not be indicative of their future performance.
The above illustration is based on a Prestige Portfolio (Regular Premium) policy. All figures in the above illustration are based on Illustrated Investment Rate of Return (IIRR) at 8% p.a. and are rounded to the nearest hundred.
The above illustration is based on wrap fee of 1% p.a. on Total Investment Value and Premium Charge of 2% deducted from each payment of the annual premium and Investment Top-up(s).
* Partial withdrawal limits apply and for customers who have opted for dividend paying funds with cash payouts, in addition to the withdrawals, they may receive cash dividends.
† Potential payout is illustrated based on 50% LionGlobal Singapore Balanced Fund and 50% JPMorgan Investment Funds – Global Income Fund, at IIRR of 8% p.a,.The actual payout payable will depend on the actual performance of the underlying assets of the funds. The performance of the funds is not guaranteed and the surrender value may be less than the total premiums paid.
Based on an IIRR at 4% p.a., the Total Investment Value at age 50 is S$316,700, at age 60 is S$686,600, at age 70 is S$580,000, and at age 90 is S$347,900. The total aggregate payout is S$907,900 (S$347,900 + S$200,000 + S$24,000 x 15).
The two rates of return used (4% p.a. and 8% p.a.) are purely illustrative and do not represent upper and lower limits on the investment performance.
All ages specified refer to age next birthday.
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.
Investments in this plan are subject to investment risks including the possible loss of the principal amount invested. Please refer to the product summary, Fund Prospectus and Product Highlights Sheet for the specific risks of the Fund(s). Past performance is not necessarily indicative of future performance.
A product summary in relation to the Prestige Portfolio may be obtained through Great Eastern or its financial representatives. Potential investors should read the product summary before deciding whether to invest in the Prestige Portfolio. The value of the units in the underlying assets of the funds and the income accruing to the units, if any, may fall or rise.
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 1 October 2021.
