Insurance Plans Available in Great Eastern Life Assurance

Srikaanth 0

A Deep Dive Into Great Eastern Insurance Plans – My Comprehensive Review

When it comes to protecting your health, wealth, and future, Great Eastern Life is a name that keeps coming up in every serious conversation around insurance in Singapore. With more than a century of legacy (founded in 1908!), Great Eastern has built a reputation on trust, innovation, and customer-first insurance solutions.

As someone who takes personal finance seriously, I wanted to break down exactly what insurance plans Great Eastern offers. Whether you're starting your financial journey, planning for your children’s future, or thinking about retirement, they seem to have a plan for everything—and I’ve gone through them all in detail to help you make informed choices.

🔵 1. Life Protection Plans – For Lifetime Coverage & Legacy Building

✅ GREAT Life Advantage

  • A whole life plan with lifetime coverage up to age 100

  • Guaranteed death and terminal illness benefit

  • Option to enhance coverage with early/advanced critical illness riders

  • Cash value accumulation with potential bonuses

  • Good for long-term protection and legacy planning

✅ GREAT Term / GREAT Term Value

  • Customisable term life insurance that covers you for 5 to 50 years

  • Lower premiums, high coverage amount

  • Offers riders for critical illness, TPD, and premium waivers

  • Ideal for mortgage protection, family income, or short-term needs

✅ GREAT Flexi Term

  • Fully customisable term insurance with renewability and convertibility

  • Can be converted to whole life without medical underwriting

  • Great option for those unsure about long-term commitments

🟡 2. Critical Illness Plans – Early Detection, Multiple Claims, Full Coverage

✅ GREAT Comprehensive Care

  • Protects against 120 critical illness conditions across all stages

  • Includes early stage, intermediate, and advanced CI benefits

  • Multiple claims allowed—even across different conditions

  • Option to include Child Cover Rider

  • Excellent if you want strong health security with modern flexibility

✅ GREAT MultiCare

  • Multiple payouts for 3 different CI categories: cancer, heart-related, and other major illnesses

  • Up to 300% of the sum assured paid across claims

  • Claims can be made even after recovering from an earlier diagnosis

  • Designed for long-term, repeated protection

🟢 3. Hospitalisation & Health Plans – Medical, Shield & Supplement Riders

✅ GREAT SupremeHealth

  • An Integrated Shield Plan (IP) that enhances MediShield Life

  • Covers B1, A-class wards, and private hospitals

  • Offers comprehensive inpatient and outpatient care

  • Includes pre- and post-hospitalisation coverage

  • Affordable with government subsidies and MediSave support

✅ Total Health Riders (Optional Add-on to SupremeHealth)

  • Covers deductibles and co-insurance portions

  • Provides enhanced outpatient specialist consultation benefits

  • Can be funded partially using MediSave

✅ GREAT Medic Shield & MediCash

  • Additional daily cash benefit during hospitalisation

  • Lump-sum payout per day in hospital

  • Good as a backup plan for loss of income during medical recovery

Insurance Plans Available in Great Eastern Life Assurance

🔴 4. Endowment & Savings Plans – For Future Goals Like Education or Retirement

✅ GREAT Wealth Advantage 3

  • Combines protection with savings and wealth accumulation

  • Flexible premium terms: 5, 10, 15 years

  • Capital guaranteed at maturity

  • Potential for non-guaranteed bonuses

  • Ideal for future milestones like child’s education or property down payment

✅ GREAT Flexi Saver

  • Highly customisable endowment plan

  • Choose payout age (e.g., for child's university or retirement)

  • Allows for premium holidays, top-ups, and flexible policy terms

✅ GREAT Junior Protector

  • Specially tailored for children’s education planning

  • Provides life protection and guaranteed maturity benefit

  • Option to transfer ownership to child at maturity

  • Bonus payouts during policy anniversaries

🟣 5. Retirement Income Plans – Guaranteed Monthly Income During Retirement

✅ GREAT Retire Income

  • Provides a monthly income stream from your chosen retirement age (from 56 to 70)

  • Includes guaranteed and non-guaranteed payouts

  • Offers a lump sum maturity bonus

  • Premium terms are flexible (pay for 5 to 15 years)

  • Also provides protection against death and TPD

✅ GREAT Retire Flex

  • More control over payout structure and retirement age

  • Combines income + protection + flexibility

  • Includes premium waiver upon critical illness diagnosis

🧸 6. Children’s Insurance Plans – For the Next Generation’s Security

✅ GREAT Junior Protector / GREAT Wealth Junior

  • Combines protection with future education funding

  • Covers death, TPD, CI, and hospitalisation

  • Bonuses and cash values build over time

  • Option to transfer policy to the child at adulthood

🧭 7. Personal Accident Insurance – 24/7 Global Accident Protection

✅ GREAT 360 PA

  • Comprehensive personal accident protection

  • Covers fractures, burns, hospitalisation, emergency treatment

  • Includes lifestyle support benefits like mobility aids and physiotherapy

  • Ideal for active individuals and families

✅ GREAT Golden Protector

  • Specifically tailored for elderly coverage

  • Includes fracture benefits, home care, and nursing reimbursement

  • Great option for parents or retirees

✈️ 8. Travel Insurance

✅ GREAT Voyager

  • Covers trip cancellation, delays, baggage loss, and medical emergencies abroad

  • Available in single-trip and annual plans

  • Includes 24/7 global emergency hotline

  • COVID-19 protection add-ons available

💼 9. Corporate & Group Insurance Solutions (For Businesses & SMEs)

While not always marketed to individuals, Great Eastern also offers strong corporate group benefits, such as:

  • Group Hospitalisation and Surgical Plans

  • Group Term Life

  • Group Critical Illness

  • SME employee benefit packages

If you run a company or startup, this is worth checking out to keep your team well-covered.

Final Thoughts – Why I Rate Great Eastern So Highly

What sets Great Eastern apart, in my opinion, is their blend of traditional financial stability and modern policy design. Whether it’s a multi-claim CI plan or a tailored endowment for your child, they make insurance feel less rigid and more personal.

Their plans come with flexibility in premium payment terms, a wide array of riders, and strong bonus payouts. Plus, their customer service and financial advisers are generally very knowledgeable and willing to explain things in a clear, friendly way—which I always appreciate.

If you're looking for a dependable partner to journey with you through life’s various stages—from career to parenthood to retirement—Great Eastern Life offers a comprehensive suite of plans that you can truly build on.

🔗 Official Website: https://www.greateasternlife.com/sg/en/personal-insurance.html/


Tags

Post a Comment

Post a Comment

Previous Post Next Post