Great Term Guard

Stay protected, then get a full refund if you make no claim

Why you will love this

Full refund of premiums if you make no claim

Extensive coverage including 53 critical illnesses

Apply online in 10 minutes

Who is eligible

Singaporeans and Singapore PRs between 19 to 45 years old (age next birthday)


Limited time offer:
Sign up now and receive a one-time cash reward!
 Find out more

features and benefits

Full refund of premiums if no claim is made

You get all your premiums back if you do not make any claim during your policy term, which is until age 65 (next birthday). This is like having extra pocket money for your retirement!

Extensive coverage for peace of mind

Covers death, total & permanent disability, terminal illness and 53 critical illnesses – more than the 37 critical illnesses under Life Insurance Association Singapore 2019 definitions.

Learn more about the conditions covered

Two coverage amount options

Choose the coverage amount that best suits your needs: 100,000 SGD or 200,000 SGD.

Apply online in just 10 minutes

Our simplified application journey makes applying easy on the OCBC Digital app.

For Angioplasty and Other Invasive Treatment for Coronary Artery, you will receive 10% of your selected coverage amount. However, you will continue to receive full coverage for the remaining benefits during the term of the policy. If no further claims are made, you will still receive a full refund of your premiums.


Get a one-time cash reward of 15 SGD for every 100 SGD first year premium paid

For example, if you are a 35-year-old male non-smoker, your yearly premium will be 932.50 SGD. Therefore, you will receive a one-time cash reward of 135 SGD by cheque.

Promotion is valid till 30 November 2022. Based on 100,000 SGD coverage for male, non-smoker and age 35 (next birthday). First year premium is rounded down to the nearest 100 SGD. Terms and conditions apply.

before you apply
Common questions
Are there any penalties for cancelling my policy?

This policy has a 14-day free-look period. If you cancel your policy within 14 days of receiving your policy documents, we will refund you the premiums you have paid, less any costs incurred (if any).

(i) If you cancel before and during year 10, you will not get any premium back.
(ii) If you cancel after year 10, you will get some premium back but not all of what you have paid.
(iii) If you hold your policy till the end of the policy term and do not make a claim, you will get all your premium back.

Can I buy more than 1 GREAT Term Guard policy?

Yes. However, you may only buy up to a combined sum assured of 200,000 SGD. This means that you can buy 2 plans with a sum assured of 100,000 SGD each, or 1 plan with a sum assured of 200,000 SGD.

How do I make a claim?

To make a claim, visit Great Eastern's claims website and follow the steps given.

Scan to start application: