Great Term Guard

Stay protected and get a full refund of premiums at age 65 (next birthday) if no claims are made

Why you will love this

Full refund of premiums if no claims are made at age 65 (next birthday)​

Extensive coverage including 53 critical illnesses​

Apply online with no medical screening required

Who can apply

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


Apply and get up to a $500 one-time cash reward Find out more

features and benefits

Full refund of premiums if no claims are 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 or $200,000.

Apply online in just 10 minutes

Our simplified application journey makes applying easy on the OCBC Digital app.
Best Life Insurance Product 2023

We are proud to announce that GREAT Term Guard has been recognised as the Best Life Insurance Product in 2023 by The Asian Banker.

This is a testament to our continued efforts in meeting our customers' needs, and we thank you for your unwavering support.

Designed with you in mind, this is Singapore’s only online term insurance that provides a full refund of premiums if no claims are made at age 65 (next birthday).


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.


Find out how much coverage you need

Get personalised suggestions for each type of coverage on the OCBC Digital app.


Apply and get up to a $500 one-time cash reward

This promotion is by Great Eastern Life and ends on 30 June 2024.

Great Eastern Life’s 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. This means that you can buy 2 plans with a sum assured of $100,000 each, or 1 plan with a sum assured of $200,000.

How do I make a claim?

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


Apply for GREAT Term Guard today and get up to a $500 one-time cash reward

Scan to start application: