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Terms and Conditions

1. This Promotion from The Great Eastern Life Assurance Company Limited (“GELS”) shall run between 7 July 2020 and 30 September 2020 (both dates inclusive) and is open to new and existing customers of GELS.

 2. Subject to the terms and conditions of this Promotion, policyholders who purchase any of the Qualifying Plans (set out below) will get to enjoy the following benefits:- 

Category Qualifying Plans
Benefits
(a) Life Protection Selected new regular premium plans 

FREE 12-month Dengue Care Benefit:

i. S$1,000 lump sum hospitalisation benefit if you are hospitalised due solely to Dengue Fever;

ii. S$500 lump sum hospitalisation benefit if your spouse or your child(ren) are hospitalised due solely to Dengue Fever;

iii. Daily Hospital Cash Benefit of S$200 for every day you are hospitalised solely due to Dengue Fever, up to a maximum of 10 consecutive days; and

iv. Daily Hospital Cash Benefit of S$100 for every day your spouse or child(ren) are hospitalised solely due to Dengue Fever, up to a maximum of 10 consecutive days.

Wealth Accumulation
(b) Health Protection Selected new yearly renewable plans  
Personal Accident
(c) Health Protection GREAT SupremeHealth / GREAT SupremeHealth Standard

15% off first year premiums

in the form of premium discount or premium rebates

 

 

GREAT TotalCare and its riders
GREAT Cancer Guard
Supreme MediCash
(d) Investment-Linked GREAT Life Advantage

FREE 12-month Retrenchment Premium Waiver Benefit

i. Waiver of all future premiums from the next due date of any premiums payable for a period of twelve (12) months.

ii. Coverage starts for 24 months from your policy issue date.

GREAT Wealth Advantage
Investment-Linked Insurance Plan
(e) Investment-Linked GREAT Life Advantage

20% off first year premiums in the form of premium rebates

(Minimum of S$2,400 Annual Premium1 per Qualifying Plan)

Investment-linked Insurance Plan

Note:

1 Annual Premium refers to the total premiums payable per policy year including the premiums payable for any attaching cash-paying riders and includes premium loading (if any) but excludes  premium discounts (if any).

Promotion and Benefits relating to Clauses 2(a) and 2(b):

3. This Promotion is open to customers who purchase a Qualifying Plan as set out in the table above under clause 2(a) and 2(b). The list of Qualifying Plans can be referred to here

4. In order to be eligible for the Benefits, (a) GELS has to receive the application from the policyholder within the New Business Submission period; and (b) the policies have to be in force by the Policy Inforce date, set out below:-

New Business Submission Policy Inforce
7 July – 30 September 2020 31 December 2020

5. Upon the inforce date of the new policy, the policyholder will be issued with a Certificate of Insurance for 12-month complimentary Dengue Care cover. The 12-month term for Dengue Care commences on the new policy’s date of issue.

6. If more than one Qualifying Plan is purchased, the policyholder will only be issued with a Certificate of Insurance for the policy that was inforce the earliest.

7. The policyholder will be notified of the complimentary Dengue Care cover by way of email or SMS through information provided in their application for the Qualifying Plan by GELS after the free-look period of the new policy.

Promotion and Benefits relating to Clauses 2(c):

8. This Promotion is open to policyholders who purchase a Qualifying Plan as set out in the table above under Clause 2(c).

9. In order to be eligible for the Benefits, (a) GELS has to receive the application from the policyholder within the New Business Submission period; and (b) the policies have to be in force by the Policy Inforce date, set out below:-

New Business Submission Policy Inforce
7 July – 30 september 2020 31 December 2020

10. GREAT SupremeHealth and GREAT SupremeHealth Standard are available as Integrated Shield Plans (“IP”) made up of MediShield Life provided by the Central Provident Fund Board and additional private insurance provided by Great Eastern. This Promotion is only applicable to the portion of the premium payable to GELS for the IP.

11. A 15% discount is applicable on the total premium payable for the first year (“15% Promotional Discount”) for the Qualifying Plan(s) and is valid for all premium payment modes (monthly, quarterly, half-yearly and annual).

12. The 15% Promotional Discount is not applicable to

(a) premiums for any attaching riders (unless specifically listed); and/or

(b) premium loading(s) imposed due to health reasons (if any).

13. The 15% Promotional Discount will be issued to the policyholder as either a Premium Rebate or Premium Discount outlined below:

Qualifying Plans Benefits Premium Discount/Rebate
GREAT SupremeHealth / GREAT SupremeHealth Standard 15% off first year premiums Premium Rebates by way of PayNow or cheque (where applicable)
GREAT TotalCare and its riders
GREAT Cancer Guard Premium Discount off initial premiums payable 
Supreme MediCash

14. The policyholder will be notified of the Premium Rebate by way of a letter issued by GELS thirty (30) days after the free-look period of the new policy. Notification will be mailed out to the policyholder’s mailing address provided in their application for the Qualifying Plan. GELS will not be responsible in any way for any non-receipt of the notification should there be a change in the mailing address of the policyholder.

15. The 15% Promotional Discount through Premium Discount will be reflected on the letter of conditional acceptance issued by GELS to the policyholder.

Promotion and Benefits relating to Clause 2(d):

16. This Promotion is open to customers who purchase a Qualifying Plan as set out in the table above under clause 2(d).

17. In order to be eligible for the Benefits, (a) GELS has to receive the application from the policyholder within the New Business Submission period; and (b) the policies have to be in force by the Policy Inforce date, set out below:-

New Business Submission Policy Inforce
7 July – 30 September 2020 31 December 2020

18. The policyholder will be notified of the complimentary Retrenchment Premium Waiver Benefit by way of a letter and Endorsement issued by GELS. The 24-month term of the Retrenchment Premium Waiver Benefit commences on the new policy’s date of issue.

Promotion and Benefits relating to Clause 2(e):

19. This Promotion is open to policyholders who purchase a Qualifying Plan as set out in the table above under Clause 2(e).

20. In order to be eligible for the Benefits, (a) GELS has to receive the application from the policyholder within the New Business Submission period; and (b) the policies have to be in force by the Policy Inforce date, set out below:-

New Business Submission Policy Inforce
7 July – 30 September 2020 31 October 2020

21. A 20% discount is applicable on the total premium payable for the first year (“20% Promotional Discount”) for the Qualifying Plan(s), including cash premiums for attaching riders and is only valid for annual premium payment mode.

22. The 20% Promotional Discount is not applicable to

(a) premiums for any attaching riders (unless specifically listed); and/or

(b) premium loading(s) imposed due to health reasons (if any).

23. The 20% Promotional Discount will be issued to the policyholder as a Premium Rebate outlined below:

Qualifying Plans Benefits Premium Rebate
GREAT Life Advantage

20% off first year annual premiums

(Minimum of S$2,400 Annual Premium1 per Qualifying Plan)

Premium Rebates by way of PayNow or cheque (where applicable)
Investment-Linked Insurance Plan

Note:

1 Annual Premium refers to the total premiums payable per policy year including the premiums payable for any attaching cash-paying riders and includes premium loading (if any) but excludes  premium discounts (if any).

24. Each Qualifying Plan is eligible for a Premium Rebate corresponding to the Annual Premium for that Qualifying Plan and its cash paying riders (if any). For the avoidance of doubt, premiums cannot be combined across multiple Qualifying Plans. In the event that the Premium Rebate is applied more than once for any Qualifying Plan, GELS reserves the right to recover the full value of any additional Premium Rebate(s) from the policyholder.

25. Premium Rebate will be credited into the policyholder’s PayNow account, registered with a Singapore identification no. (NRIC). PayNow offers funds transfer to nine participating banks (Bank of China, Citibank Singapore Limited, DBS Bank/POSB, HSBC, Industrial and Commercial Bank of China Limited, Maybank, OCBC Bank, Standard Chartered Bank, and UOB). The policyholder will be notified of the PayNow transaction by way of a letter issued by GELS to the mailing address provided by the policyholder in their application for the Qualifying Plan, thirty (30) days after the free-look period of the new policy.

26. For policyholders without a valid PayNow account, registered with a Singapore identification no. (NRIC), a cheque will be prepared and mailed out to the policyholder’s mailing address provided in their application for the Qualifying Plan. GELS will not be responsible in any way for any non-receipt of the notification should there be a change in the mailing address of the policyholder.

Other General Terms and Conditions:

27. If the policyholder:

(a)       cancels or surrenders the Qualifying Plan, or the Qualifying Plan lapse(s);

(b)       replaces the Qualifying Plan; or

(c)       downgrades the plan type and/or deals with the Qualifying Plan in any way which reduces the total premium payable;

within twelve (12) months from the date of issue of the Qualifying Plan, the policyholder shall return the value of the Promotional Discount to GELS. By participating in this promotion, the policyholder agrees that GELS may deduct the value of the Promotional Discount which was issued to the policyholder either by Premium Discount or Premium Rebate from the cash value of the Qualifying Plan or from any sums due owing to the policyholder from GELS, in its sole discretion.

28. This Promotion is not valid with any other offers or promotions held by GELS.

29. GELS reserves the right to vary the terms and conditions or withdraw this Promotion at any time without prior notice. The decision of GELS on all matters relating to this Promotion shall be final and binding on all customers.

30. By participating in the Promotion, you agree and consent to GELS and its related corporations (collectively, the “Companies”), as well as their respective representatives, agents, authorised service providers and relevant third parties (the Companies and all the other foregoing parties, collectively, “Great Eastern Persons”), collecting, using and/or disclosing your personal data, for purposes reasonably required by the Companies to administer the Promotion and such other purposes as described in GELS’ Privacy Statement which is accessible from GELS’ website, which you confirm you have read and understood.

31. The terms and conditions of this Promotion shall be governed by and interpreted in accordance with Singapore law. The courts of Singapore shall have exclusive jurisdiction over any disputes arising from the terms and conditions, including the validity and enforceability thereof.

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Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd
Great Eastern Holdings Ltd | Great Eastern Life Assurance Co Ltd | Great Eastern General Insurance Ltd