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GREAT Flexi Cashback

Best of both worlds. Enjoy yearly cash payouts while awaiting maturity payouts

Build your dreams while enjoying yearly cash payouts

Putting aside your savings while having the freedom to splurge when you want is a dilemma for many. That’s why you’ll need a plan to customise the best of both worlds at the same time – without compromising on the lifestyle you enjoy.

GREAT Flexi Cashback, a regular premium endowment insurance plan, lets you save for your wealth goals while receiving guaranteed yearly cash payouts1 to let you satisfy those little indulgences of yours.

What’s more, enjoy greater financial protection with coverage against Death2, Total and Permanent Disability3, and Terminal Illness when you start your wealth accumulation plan with no medical check-up required.

Key benefits

Enjoy Guaranteed Yearly Cash Payouts

Boost your spending power with guaranteed yearly cash payouts1 that start as early as the end of your 2nd policy year4. Withdraw the cash payouts1 and spend it on whatever you want. Or have the choice to simply accumulate5 your cash payouts1 to a larger amount for a bigger spend later.

Save towards your aspirations on your terms

Choose a premium term that suits your budget - 10, 15 or 20 years6. With an affordable commitment from just $3.29 per day7, we make it easy for you to save towards your aspirations. 

Reward yourself with extra payouts at maturity

With a guaranteed lump sum payout and potential bonuses at maturity, now you can reward yourself for achieving your financial goals. 

Get this plan

Contact a distribution representative

Talk to your Great Eastern distribution representative to see which insurance solutions are right for you. No Planner yet? Simply browse through our list of distribution representatives.

Visit Us

No. 17 & 18
Block B, Bangunan Habza
Simpang 150, Kampong Kiarong
Bandar Seri Begawan
Brunei Darussalam

Footnotes

1 The guaranteed yearly cash payout is 4.30% of the Basic Sum Assured. Refer to Annual Survival Benefits in policy contract. Terms and conditions apply.

2 The Company will pay the higher of the following in one lump sum, plus attaching bonus (if any), less debt:

(a) 105% of total standard annual premiums paid; or

(b) 101% of guaranteed surrender value.

3 For Total and Permanent Disability (TPD) that takes the form of total and irrecoverable loss of sight in both eyes; use of two limbs at or above the wrist or ankle; or sight in one eye and use of one limb at or above the wrist or ankle, the life assured will be covered for the whole of the policy term. For other forms of TPD, it must occur before the policy anniversary on which the life assured is 65 age next birthday. You are advised to refer to the policy contract for more details on TPD definitions.

4 Cash payouts are payable upon the survival of the life assured at the end of each policy year, starting from the end of policy year 2 till the year before policy maturity.

5 At an illustrated investment rate of return (IIRR) of 4.25% p.a., the prevailing interest rate is 3.00% p.a.. At an IIRR of 3.00% p.a., the prevailing interest rate is 1.50% p.a.. This rate is not guaranteed and can be changed from time to time.

6 Policy will mature 5 years after the end of the premium payment term.

7 This is based on annual premium for 15-year and 20-year limited premium payment terms. 

At an IIRR of 3.00% p.a., the illustrated maturity benefit is S$54,292.

* At an IIRR of 3.00% p.a., the total illustrated benefit is S$92,633 (1.15x of total premiums paid).

 At an IIRR of 3.00% p.a., the total illustrated benefit is S$100,364.

The illustrated figures comprises of guaranteed and non-guaranteed benefits. The non-guaranteed benefits are illustrated based on an IIRR of the participating fund at 4.25% p.a.. The actual benefits payable may vary according to the future performance of the participating fund. 

Disclaimer

All ages specified refer to age next birthday.

Figures illustrated are rounded to the nearest dollar.

The above is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.

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.

In case of discrepancy between the English and Chinese versions, the English version shall prevail.

Information correct as at 22 September 2023.

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Great Eastern Holdings Ltd | The Great Eastern Life Assurance Company Limited | Great Eastern General Insurance Ltd
Great Eastern Holdings Ltd | The Great Eastern Life Assurance Company Limited | Great Eastern General Insurance Ltd