GREAT Wealth Advantage 4 Consumer Promotion

Notes:

¹ For both existing Great Eastern customers and New-to-Great Eastern Customers who purchase GREAT Wealth Advantage 4 – Choice 15 policies, eligibility for the Promotion Rewards will be based on the Qualifying Regular Annual Premium which refers to the premium payable for the base plan for the first policy year calculated using the annual premium payment frequency as reflected in the policy illustration (regardless of the policy’s selected premium frequency), excluding premiums for attaching cash-paying riders (if any).

²  For both existing Great Eastern customers and New-to-Great Eastern Customers who purchase GREAT Wealth Advantage 4 – Choice 15 policies, the Reward will be in the form of additional campaign Welcome Bonus units. The amount of additional campaign Welcome Bonus units will be determined according to the total premiums payable for the base plan for the first policy year based on the policy’s selected premium payment frequency, excluding premiums for attaching cash-paying riders (if any). 

³ A "New-to-Great Eastern Customer" means a customer who, at the point of policy submission, is not a policyholder of any active Life, General Insurance or Accident and Health policy issued by Great Eastern. A single-trip travel insurance policy is deemed an active policy from the date of purchase until the expiry of its coverage period.  

For the purposes of this Promotion, a customer who holds only one or both of the following shall also be considered a New-to-Great Eastern Customer:

(a)    a Dependants’ Protection Scheme policy issued by Great Eastern ; and/or

(b)    an active policy Group Policy issued by Great Eastern.  For clarity, a Group Policy refers to an insurance policy issued under an employer, corporate, association, or other group insurance arrangement, where coverage is provided to members of the group under a master policy.

⁴  For New-to-Great Eastern Customers only who purchase GREAT Wealth Advantage 4 – Choice 15 policies, the Additional Reward will be in the form of cashback via Interbank GIRO or PayNow. The amount of cashback will be determined based on the total premiums payable for the base plan for the first policy year calculated using the annual premium payment frequency as reflected in the policy illustration (regardless of the policy’s selected premium frequency), excluding premiums for attaching cash-paying riders (if any).

3.     To be eligible for the Promotion, Great Eastern has to receive the application of the Qualifying Plan(s) from the policyholder within the New Business Submission period and the Qualifying Plan(s) have to be in force by the Policy Inforce date as set out below:-

4.     The Promotion is subject to a limited promotional allocation and may be withdrawn and closed once the promotional allocation has been fully utilized, even if the Promotion Period has not ended. The Company reserves the right, at its sole and absolute discretion, to initiate an early closure of the Promotion at any time.

5.     In the event of any early closure of the Promotion, applications submitted before the Promotion closure date must be successfully issued and inforced by the stated deadline of 31 December 2026. Applications that are not inforced by 31 December 2026 will not be entitled to the Promotion.

6.     Where the Promotion is scheduled to close early, information on the early closure and the final submission deadline will be published online.

7.      Eligibility for the Promotion Reward for each Qualifying Plan depends on the Qualifying Regular Annual Premium for that Qualifying Plan. For the avoidance of doubt, premiums cannot be combined across multiple Qualifying Plans to determine whether a policyholder is eligible for the Promotion Reward. In the event that the Promotion Reward is awarded more than once for any Qualifying Plan, Great Eastern reserves the right to recover the full value of any additional Reward from the policyholder.

8.     All communication regarding this Promotion will be mailed out to the policyholder’s mailing address provided in the application for the Qualifying Plan or such other mailing address as Great Eastern may be subsequently notified in writing by the policyholder. Great Eastern 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.

9.     If the policyholder exercises a policy alteration to increase the Qualifying Plan’s benefits within twelve (12) months from the date of issue of the Qualifying Plan, Great Eastern reserves the right not to top-up or issue the Promotion Reward(s) based on the adjusted premiums of the Qualifying Plan. Great Eastern shall determine the value of the Promotion Reward(s) issued (if any) to the policyholder at the point of disbursement, at its sole discretion.

Fulfillment of Reward(s) via additional campaign Welcome Bonus units for GREAT Wealth Advantage 4 - Choice 15 policies:

10.   For this Promotion, additional campaign Welcome Bonus units will be awarded as part of a Welcome Bonus campaign (“campaign Welcome Bonus”) for each payment of the first year’s basic regular premium for GREAT Wealth Advantage 4 - Choice 15 policies, regardless of premium payment frequency selected for such policy. For the avoidance of doubt, the campaign Welcome Bonus is awarded in addition to units in the funds which are paid by Great Eastern as a product feature of GREAT Wealth Advantage 4 - Choice 15 plans. The amount of units awarded as the campaign Welcome Bonus will be based on the amount of each payment of the first year’s basic regular premium. The campaign Welcome Bonus will be awarded in the form of extra units apportioned in the fund(s) selected by the customer based on the customer’s latest premium apportionment instructions and will be added to the account value of the policy on such date as determined by Great Eastern in its sole discretion.

11.    Premiums paid for any attaching cash-paying riders and/or single premium top-ups are not eligible for the campaign Welcome Bonus.

12.   The campaign Welcome Bonus is not transferable or exchangeable for cash (with the exception of the sole purpose of purchasing and selling of units within the policy), credit or any other goods and services. Any campaign Welcome Bonus awarded to a particular policy is not transferable to another policy.

13.   Great Eastern reserves the right to recover from the account value of the policy or to adjust the account value of the policy by the amount equivalent to the campaign Welcome Bonus awarded to the policy, in any manner at its sole discretion in any of the following events:

a)     Campaign Welcome Bonus has been credited but any of the qualifying criteria has not been met; or

b)     Policy is cancelled during the free-look period; or

c)     If the life assured dies due to a pre-existing condition within one (1) year from the date of issue or the date of any reinstatement of the policy; or

d)     If the life assured dies by suicide, while sane or insane, within one (1) year from the date of issue of the policy or from the date of any reinstatement of the policy; or

e)     If the policy is terminated due to any misrepresentation or non-disclosure of material facts.

Fulfillment of Additional Reward(s) via InterBank GIRO or PayNow for GREAT Wealth Advantage 4 - Choice 15 policies for New-to-Great Eastern customers only:

14.   Eligible New-to-Great Eastern Customers whose eligible policy incepts within the qualifying inception period shall be entitled to an additional 5% cashback on top of the prevailing campaign Welcome Bonus units of 20%, subject to these Terms and Conditions.

15.   Fulfillment of the Additional Reward will be by cash via Interbank GIRO or PayNow where the policyholder will be notified of the payment of the Additional Reward by way of a letter from Great Eastern within sixty (60) days after the expiry of the free-look period of the Qualifying Plan.

16.   Great Eastern will only pay the Additional Reward to an account registered with the policyholder’s Singapore National Registration Identity Card (“NRIC”) or Foreign Identification Number (“FIN”) number.

17.   Great Eastern reserves the right to vary the method of disbursement and will notify the policyholder of any such change at least seven (7) days before the disbursement date of the Additional Reward.

18.   If the policyholder:

a)     cancels or surrenders the Qualifying Plan, or the Qualifying Plan lapses;

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 Additional Reward(s) to Great Eastern immediately. The policyholder agrees that Great Eastern may alternatively in its sole discretion deduct the value of the Additional Reward from any sums owed to the policyholder by Great Eastern.

Other General Terms and Conditions:

19.   In the event of any inconsistency between these terms and conditions and any advertising, publicity, brochure, marketing or other materials relating to or in connection with the Promotion, these terms and conditions shall prevail.

20.  This Promotion is not valid with any other offers or promotions (including where premium vouchers are utilised for payment of premiums) held by Great Eastern, unless otherwise specified by Great Eastern.

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

22.  Notwithstanding anything herein, Great Eastern has the absolute discretion to determine the eligibility of any person to participate in the Promotion. If Great Eastern subsequently determines that a person is in fact not eligible, for any reason whatsoever, Great Eastern may at its discretion, disqualify such person and recover/cancel the Promo Reward(s) without prior notice.

23.  By participating in this Promotion, you agree and consent to Great Eastern 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 conduct and administer the Promotion 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.

24.  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.

Information correct as at 1 October 2026.