GREATLife Generation

Enjoy life's moments with lifetime monthly income

Why this is for you

Supplement your lifestyle needs with guaranteed lifetime monthly income.

Eligibility

1 to 65 years old (age next birthday)

What is GREATLife Generation?

Whether you are planning for your life goals, securing your child's future, building a comfortable retirement income, or leaving a lasting legacy, get the assurance and flexibility to enjoy life's moments with GREATLife Generation – a whole life insurance plan which provides you with guaranteed monthly income for life. This is not a fixed or savings deposit, but a whole life insurance plan.

How can GREATLife Generation benefit you?

  • Guaranteed lifetime monthly income from the 5th policy year

    Supplement your lifestyle needs with guaranteed lifetime monthly income from the 5th policy year. Your guaranteed monthly income increases by 6 times from the 10th policy year.

  • Boost your monthly income with non-guaranteed cash bonuses

    Receive extra cash on top of your guaranteed monthly income in the form of non-guaranteed cash bonuses.

  • Pay premiums for only 10 years

    Free up your finances to fulfil other needs.

  • Hassle-free application

    No medical underwriting is required when you apply for GREATLife Generation.

  • Insurance coverage

    Enjoy whole life insurance coverage against death and terminal illness.

  • Leave a lasting legacy with a gift to future generations

    You can choose to buy this plan to provide cover on your child's life, and enjoy the flexibility to transfer the policy ownership for your child to receive the monthly income. When your child passes on, his or her loved ones can receive the death benefit.

How it works

Mr Tan is 35 years old (age next birthday). He signs up for GREATLife Generation and pays a yearly premium of S$10,000 for 10 years.

The illustrated yearly income is based on monthly income x 12. The figures used are for illustrative purposes only and are rounded to the nearest dollar. Please refer to the policy illustration for the exact values. The illustrated figures consist of guaranteed benefits and non-guaranteed bonuses. The non-guaranteed bonuses are based on an illustrated investment rate of return of the participating fund at 4.75% p.a. Based on an illustrated investment rate of return at 3.25% p.a., the illustrated yearly income from ages 39 and 44 are S$554 and S$3,406 respectively, the death benefit at age 85 is S$109,760, and the total illustrated benefits will be S$252,176. The actual benefits payable will vary accordingly to the future performance of the participating fund.

How to Apply

Call us
(65) 6722 2293
Mon - Fri, 9am to 6pm

Policy Owners' Protection Scheme

This plan 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).

Important Information on GREATLife Generation

GREATLife Generation 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.