GREAT LIFE MULTIPLIER

This policy covers either you or your child as the life assured. The insured person is protected for Death, Terminal Illness and Total & Permanent Disability, with the option to add Critical Illness Multiple Rider coverage. You may also add the Parent Care Rider, which covers the policyholder’s parents.

If the life insured is an adult, these are the entry ages (age next birthday) and the respective premium payment terms.

• 19 to 65 years (age next birthday): Premium payment terms of 15 years
• 19-60 years (age next birthday): Premium payment terms of 20 years
• 19-55 years (age next birthday): Premium payment terms of 25 years
• 19-50 years (age next birthday): Premium payment terms of 30 years

Note: The entry age plus premium payment term cannot exceed the Multiplier Benefit Expiry Age. For example, if your entry age is 60 (age next birthday) and your premium payment term is 20 years, you cannot choose to have the multiplier end at 85 years (age next birthday).

If the life insured is a child, he/she must be between ages 1 and 19 (age next birthday). The child must at least be 15 days from birth or have been discharged from the hospital (whichever is later).

Persons covered under the Parent Care Rider must be, at the time of the rider issue date:

• A biological or adoptive parent of the policyholder (in accordance with the laws of Singapore); and
• 80 years old (age next birthday) or younger. They will be covered up to age 100 (age next birthday); verification will be sought at the point of claim.

The Parent Care Rider will terminate once a claim is made on either parent.

GREAT Life Multiplier provides coverage for death, terminal illness and total and permanent disability.

You may add one or more optional riders to the base plan to enhance the coverage.

Riders that offer critical illness benefit to the life assured:

1. Critical Illness Multiplier Rider – covers critical stage critical illnesses, plus benefits for Angioplasty and other invasive coronary artery treatments.
2. Critical Illness Multiplier Rider (E&I)* – covers early and intermediate stage critical illnesses,with additional benefits (i.e. Special Benefits, Juvenile Benefits, Senior Benefits and Benign Tumour Benefits). Special Benefits cover conditions such as complications from diabetes, glaucoma surgery and osteoarthritis requiring joint replacement.

Rider that offers critical illness benefit for the policyholder’s parents:

1.  
2.  
3. Parent Care Rider

Riders that waive premium payment for specified covered medical conditions (choose up to one):

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2.  
3.  
4. Premium Waiver Enhanced (CI) Rider
5. Payer Benefit Enhanced Rider
6. Payer Benefit Enhanced (CI) Rider

The Critical Illness Multiplier Rider (E&I) can only be added to the base plan if the Critical Illness Multiplier Rider is also added. The riders offered for GREAT Life Multiplier may be subject to change from time to time.

The Parent Care Rider covers the policyholder’s parents for specific Critical Illnesses: Alzheimer’s Disease, Idiopathic Parkinson’s Disease and Major Head Trauma.

This is an additional benefit added to a GREAT Life Multiplier policy and will not reduce the sum assured of the base plan.

If a claim is made in Year 1, no payout will be made. If the claim is made in Year 2, Great Eastern will pay 50% of the eligible payout. The total benefit payout limit is S$50,000 for each parent per policyholder; the most that will be paid out in benefit for all policies and riders Great Eastern have issued with similar parent benefits is S$100,000 on the same parent (the Total Parent Benefit Payout Limit). The benefit will be paid out to the policyholder.

You do not need to provide the particulars of the parent at the time of the rider issue date. However, the claimant must provide the following documents at the point of a claim:

1. Proof of identification of the parent;
2. Proof of the parent’s relationship to the policyholder; and
3. Documents including but not limited to a completed declaration and authorisation form by the policyholder for the parent’s claim.

Excludes pre-existing conditions. Other terms and conditions apply. Please refer to the product summary and policy document for more information.

If your basic sum assured is S$100,000, it is multiplied to S$500,000 until age 65. After the multiplier expires, and if no claims have been made, your coverage reverts to the basic sum assured of S$100,000.

GREAT Life Multiplier policy comes with cash value. The objective of this policy is to provide insurance protection together with stable medium to long-term returns using a combination of guaranteed and non-guaranteed benefits. The guaranteed benefits, including bonuses which have already been declared, will be paid regardless of how the participating fund performs. Non-guaranteed benefits are in the form of future bonuses. The future bonuses which have yet to be declared are not guaranteed and are dependent on the performance of the participating fund.

The premium rates for GREAT Life Multiplier are fixed. However, the premium rates for Critical Illness Multiplier Rider and Critical Illness Multiplier Rider (E&I) are not fixed. Great Eastern may amend these rates based on future experience at any time, with at least 45 days' notice before the premium due date at which the amended rates will apply. The amended rates will apply according to the age next birthday of the life assured as at the date of commencement of the rider.