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.
Get personalised suggestions for each type of coverage on the OCBC Digital app.
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.
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 $200,000.
To make a claim, visit Great Eastern's claims website and follow the steps given.
Alternatively, you can get us to contact you.
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| Your first annual premium ($) | One-time cash reward ($) |
|---|---|
| Below 500 | — |
| 500 to 799 | 50 |
| 800 to 2,399 | 80 |
| 2,400 to 3,599 | 240 |
| 3,600 to 4,999 | 360 |
| 5,000 to 7,999 | 500 |
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).
GREAT Term Guard is provided by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. This plan is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it.
This document does not take into account your particular investment and protection aims, financial situation or needs. You may want to seek advice from a financial adviser before committing to buy the product. If you choose not to seek advice from a financial adviser, you should consider whether the product is suitable for you.
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.
This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product.
We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies.
All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information presented as at 1 January 2024.
