GREAT CareShield Consumer Promotion

This advertisement has not been reviewed by the Monetary Authority of Singapore.

GREAT CareShield can be purchased by CareShield Life or ElderShield policyholders. All Supplements are regulated under the CareShield Life and Long-Term Care Act.

This is only product information provided by us. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.

If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

The above is for general information only. It is not a contract of insurance. The precise terms and conditions of these insurance plans are specified in the policy contract. 

These policies are 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 at 30 March 2023.

1. This Promotion is open to policyholders who apply for GREAT CareShield (“Qualifying Base Plan”) from The Great Eastern Life Assurance Company Limited (“GELS”) between 5th October 2021 and 31st December 2023 (both dates inclusive) and where the relevant plan is in force by the 29th February 2024.

2. A 20% discount is applicable on the total premium payable for the entire duration of the premium payment term (“Promotional Discount”) of the Qualifying Base Plan(s). The discounted premium amount will be reflected on the MediSave and/or cash portion.

3. The Promotional Discount is applicable to premium loading(s) imposed due to health reasons (if any).

4. If the policyholder cancels, surrenders or deals with the Qualifying Base Plan in any way which reduces the total premium payable at purchase within twelve (12) months from the date of issue of the Qualifying Base Plan, the policyholder shall return the value of the Promotional Discount to GELS. GELS may deduct the value of the Promotional Discount from any sums due owing to the policyholder from GELS, in its sole discretion.

5. This Promotion is not valid with any other offers or promotions (including where premium vouchers are utilised for payment of premiums) held by GELS.

6. GELS reserves the right to vary these 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.

7. 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.

8. 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.