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GREAT SP Exclusive Campaign

GREAT SP Exclusive Campaign

Reach for great guaranteed return with our limited offer for GREAT SP Exclusive

Grab the opportunity to boost your wealth

Purchase one of our selected qualifying insurance plans to complete your financial protection between 1 November to 15 December 2022 to be eligible* to purchase GREAT SP Exclusive.

Any one of the Qualifying Plans from: Minimum Qualifying Premium
Regular Premium Life and Health Category S$300 annualised premium and above
Single Premium Life Category S$10,000 single premium and above
Annual Premium General Insurance Category S$300 annual premium and above

* Please refer to the complete terms and conditions for the list of qualifying plans.

Enjoy guaranteed return of 4% at the end of one year with GREAT SP Exclusive

Bringing you one of the best opportunities to grow your wealth – GREAT SP Exclusive, a single premium non-participating endowment plan, is available from 5 December to 31 December 2022, or until the tranche ends, whichever is earlier.

  • Receive 4% guaranteed return on your single premium, at the end of one year
  • Protection against Death and Total and Permanent Disability1
  • Apply online with premiums starting from S$10,000, without medical assessment

 

gels-pd-gsp-excl-hiw-desk

Understand the details

Click here to download the brochure

* Please refer to www.greateasternlife.com/promotion for the GREAT SP Exclusive Campaign terms and conditions.

1 If the life assured dies or suffers from Total and Permanent Disability (TPD), we will pay 105% of the single premium, or the surrender value of the policy, whichever is higher, less any indebtedness under the policy. Please refer to the product summary for details on presumptive TPD and other forms of TPD. 

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 and the GREAT SP Exclusive Campaign are specified in the policy contract and Great Eastern's website respectively.

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.

You may wish to seek advice from a financial adviser before making a commitment to purchase this product.  If you choose not to seek advice from a financial adviser, you should consider whether this product is suitable for you.

This plan is available for a limited period only. Availability is on a first-come-first-serve basis with premiums fully paid to The Great Eastern Life Assurance Company Limited. 

The Great Eastern Life Assurance Company Limited reserves the right to reject an application and refund the single premium.

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).

 Information correct as at 29 November 2022.

Terms and Conditions

Updated as at 28 November 2022

1. This Campaign is open to policyholders who have submitted a new application and purchased a qualifying plan listed below (“Qualifying Plan”) from The Great Eastern Life Assurance Company Limited (“GELS”) or Great Eastern General Insurance Limited (“GEG”), as the case may be, in accordance with the criteria as listed below (“Qualifying Criteria”).

Qualifying Plans comprise Minimum Qualifying Premium* Applications for policy for a Qualifying Plan must be submitted to GELS between Policy must be inforce by

Regular Premium Life and Health Category:

•  GREAT Life Advantage 3

•  GREAT Flexi Protect Series

•  GREAT Term

•  GREAT Term (Digital)

•  GREAT Family Care

•  GREAT TripleCare MoneyBack

•  GREAT Lifetime Payout 2 Special

•  GREAT Retire Income

•  GREAT Flexi Goal

•  GREAT Wealth Advantage

•  GREAT Wealth Multiplier 3

•  GREAT TotalCare

•  Supreme MediCash

•  GREAT Cancer Guard

•  GREAT Protector Active

•  AccidentCare Plus II

•  Prestige PA Care

•  LifeSecure

•  Pay Assure

•  Essential Protector

•  Essential Protector Plus

•  GREAT Junior Protector

•  GREAT Golden Protector

•  GREAT Critical Cover: Top 3 CIs

•  GREAT Critical Cover: Complete

•  GREAT Critical Protector

S$300 annualised premium and above 1 November 2022 to 15 December 2022 (both dates inclusive) 

15 December 2022

(date inclusive)

Single Premium Life Category:

•  GREAT Prime Rewards

•  Prestige Life Rewards Series (SGD/USD)

•  Prestige Life Rewards 5 Special

•  Prestige Life Gold Series (SGD/USD)

•  Prestige Harvest (Universal Life 20/Universal Life 20 Special)

S$10,000 single premium and above

1 November 2022 to 15 December 2022

(both dates inclusive)

15 December 2022

(date inclusive)

 

Annual Premium General Insurance Category#:

Drive and Save Plus Comprehensive Plan

TravelSmart Premier

PA Supreme

HomeGR8 Essential and HomeGR8 Plus

MaidGR8
 

 

S$300 annual premium and above

1 November 2022 to 15 December 2022

(both dates inclusive)

15 December 2022

(date inclusive)

 

*Qualifying Premium refers to the annualised or single premium paid for a Qualifying Plan under the Regular Premium Life and Health Category or Single Premium Life Category, and to the annual premium paid for a Qualifying Plan under the Annual Premium General Insurance Category, disregarding any premium discounts but taking into account premium loadings, premiums for cash-paying riders and/or goods and services tax (if any). For the avoidance of doubt, premiums cannot be combined from different Qualifying Plans under the same policyholder.

# Purchases from the Annual Premium General Insurance Category must be new applications for such insurance plans, which are not renewals of existing policies.

 

2. Qualified policyholders who satisfy the Qualifying Criteria (“Eligible Policyholder”) under Clause 1 will be eligible to purchase the GREAT SP Exclusive (“GSP Exclusive”), in accordance with the conditions as set out in these terms and conditions, provided the policy for the Qualifying Plan is in force prior to submission of the application of the GSP Exclusive policy(ies).

 

3. The Eligible Policyholder must be the proposer for both the policies for the Qualifying Plan and GSP Exclusive.    

 

4. Applications for policies for GSP Exclusive for the Eligible Policyholders must also satisfy the following:

  Minimum Qualifying
Single Premium
Applications for
policy for GSP Exclusive must be submitted to
GELS between
Policy must be
inforce by 
GREAT SP Exclusive S$10,000 and above

5 December 2022 to
31 December 2022^ (both dates inclusive)

^or end of tranche, whichever is earlier.
 

31 December 2022(date inclusive)

 

5. Multiple purchases of GSP Exclusive policies are allowed with the purchase of one (1) policy from a Qualifying Plan.

 

6. GELS reserves the right not to issue or to render the GSP Exclusive policy(ies) to be void in its sole discretion in any of the following events:

(a) if any of the Qualifying Criteria or other terms and conditions for the issue of the GSP Exclusive policy(ies) have not been met;

(b) if policy alterations have been made to the Qualifying Plan during the policy term of the GSP Exclusive policy(ies), including but not limited to, the Qualifying Premium for such plan having been reduced below the minimum amount stated in Clause 1;

(c) if the policy for the Qualifying Plan does not remain in force throughout the policy term of the GSP Exclusive policy(ies), unless the policy for the Qualifying Plan has matured or terminated due to claim(s) admitted as per the terms of such policy;

(d) if the policy for the Qualifying Plan is cancelled due to the proposer exercising his/her right of free-look after the purchase of the GSP Exclusive policy(ies); or

(e) if the policy for the Qualifying Plan is terminated at any time due to any misrepresentation or non-disclosure of material fact.

If the GSP Exclusive policy(ies) is/are rendered void, GELS will refund the premium(s) paid for the GSP Exclusive policy(ies) without interest (after deducting any outstanding debt, and any benefits and/or bonuses paid).

 

7. This Campaign is not valid with any other offers or promotions held by GELS, unless otherwise specified by GELS.

 

8. Great Eastern Gift Credits or premium vouchers offered under the Great Eastern Rewards app can be utilised for the purchase of a policy of a Qualifying Plan, according to the terms and conditions of such Gift Credits or premium vouchers.

 

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

 

10. Notwithstanding anything herein, GELS has the absolute discretion to determine the eligibility of any person to participate in the Campaign. If GELS subsequently determines that a person is in fact not eligible, for any reason whatsoever, GELS may at its discretion, disqualify such person and not issue or void the issuance of the GSP Exclusive policy(ies) without prior notice.

 

11. By participating in this Campaign, you agree and consent to GELS and its related corporations (collectively, the "Companies"), as well as their respective representatives, agents, the Companies' authorised service providers and relevant third parties (the Companies and all the other foregoing parties, collectively, “Great Eastern Persons”), collecting, using, disclosing, and/or sharing amongst themselves your personal data, for purposes reasonably required by the Companies to evaluate your proposal and to provide the products or services which you are applying for (including any policy renewals and policy upgrades, substitutions or replacements) and such other purposes as described in Great Eastern's Privacy Statement (collectively, the “Purposes”) which is accessible from Great Eastern Singapore’s website at https://www.greateasternlife.com, which you confirm you have read and understood.

Your consents herein supplement but do not supersede nor replace any other consents you may have previously provided to Great Eastern Persons, and your consents herein are cumulative and additional to any rights which any of the Great Eastern Persons may have to collect, use, and/or disclose your personal data, with or without your consent, to the extent permitted under applicable law.

In addition, where personal data of any person is disclosed by you, you further confirm and represent that you have obtained the consent of the individual concerned for the Purposes, unless such consent is not required under applicable laws: (i) to collect such personal data; (ii) for the disclosure of such personal data to the Great Eastern Persons; and (iii) for the Great Eastern Persons’ collection, use and/or disclosure of such personal data.

 

12. The terms and conditions of this Campaign 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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Our financial representative will answer any questions you may have about our products and planning.

 

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