GREATLife Endowment Insurance

Multiply your returns to meet your changing goals

Why you will love this

Flexibility to make full or partial withdrawal of your cash value

Who can apply

Anyone between exactly 1 month old and 70 years old (age next birthday)

GREATLife Endowment Insurance is an endowment insurance plan that multiplies your returns and offers the flexibility to make full or partial cash withdrawals, based on your own unique needs.

Features and benefits

You work hard to achieve your life goals. But your goals may change along the way. With GREATLife Endowment Insurance, multiply your returns to ensure that you meet your goals in life, even as they change.

Make full or partial withdrawal

Enjoy the flexibility to make partial or full withdrawal of your cash value after 3 policy years to meet your life goals, or to suit your lifestyle needs.

Enjoy the flexibility to make partial or full withdrawal of your cash value after 3 policy years to meet your life goals, or to suit your lifestyle needs.

Guaranteed capital

Your capital is guaranteed from the end of the 15th policy year. Thereafter, your returns may multiply as your plan’s non-guaranteed bonuses grow.

Your capital is guaranteed from the end of the 15th policy year. Thereafter, your returns may multiply as your plan’s non-guaranteed bonuses grow.

Policy continuity

You have the option to appoint yourself or your loved one as a secondary life assured. Should the unfortunate happen, the policy will continue to grow.

You have the option to appoint yourself or your loved one as a secondary life assured. Should the unfortunate happen, the policy will continue to grow.

Hassle-free application

No medical underwriting is required when you apply for GREATLife Endowment Insurance.

No medical underwriting is required when you apply for GREATLife Endowment Insurance.

Choice of premium payment terms

You can choose to pay your premiums over 5 years, 10 years or 15 years.

You can choose to pay your premiums over 5 years, 10 years or 15 years.

Insurance coverage

GREATLife Endowment Insurance provides insurance coverage against Death, Total and Permanent Disability (TPD) and Terminal Illness (TI) till the policy anniversary on which the insured person named at the inception of the policy will be 120 years old (age next birthday).

Optional riders are available to provide premium waiver benefit and retrenchment benefit should the unfortunate happen. Please refer to the policy contract for full terms and conditions.

GREATLife Endowment Insurance provides insurance coverage against Death, Total and Permanent Disability (TPD) and Terminal Illness (TI) till the policy anniversary on which the insured person named at the inception of the policy will be 120 years old (age next birthday).

Optional riders are available to provide premium waiver benefit and retrenchment benefit should the unfortunate happen. Please refer to the policy contract for full terms and conditions.

This is not a fixed or savings deposit. It is an endowment insurance plan.

how it works

Mr Tan’s profile:

30 years old (age next birthday)

He pays premium for 10 years

He signs up for GREATLife Endowment Insurance with a yearly premium of S$5,000

Next milestone

Any partial withdrawal will reduce the value of the policy and is subjected to the terms of reduction in basic sum assured. Policy will terminate upon full withdrawal of the policy.

The figures used are for illustrative purposes only and are rounded down to the nearest dollar. All ages specified refer to age next birthday. Please refer to the policy illustration for the exact values. Premiums are computed based on premium payment term and sum assured. The non-guaranteed bonuses are based on an illustrated investment rate of return of the participating fund at 4.75% a year. At 3.25% a year illustrated investment rate of return, the total surrender values at the end of policy years 20, 30, 50 and 60 are S$70,120, S$93,233, S$164,766 and S$220,697 respectively. The actual benefits payable will vary accordingly to the future performance of the participating fund.

before you apply

Eligibility requirements

Age

Exactly 1 month old to 70 years old (age next birthday)


Important notices


Policy Owners' Protection Scheme

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).


or contact us at 1800 363 3333

Operating hours are from 9am to 6pm, Monday to Friday (Excluding public holidays)