Select your country and language
Singapore
Malaysia
Takaful
Indonesia
Brunei
  • English

GREAT Lifetime Payout 2

With GREAT Lifetime Payout, you get to enjoy a lifetime income stream of guaranteed monthly payouts

Enjoy a lifetime income stream of guaranteed monthly payouts

#Lifeproof your lifetime income towards financial freedom

Your wealth goals will change as you move along life’s journey. From couplehood to parenthood, you work hard and save diligently for a better future, for your child’s education and for your own retirement. Wouldn’t it be great if you could make your money work even harder for you, by having a lifetime income stream payout for use, as and when needed?

GREAT Lifetime Payout 2 is a participating whole of life plan that maximises your savings the smarter way, with the assurance of up to 3.28% per annum1 for a lifetime of monthly cash payouts. Your capital is 100% guaranteed after you’ve had the policy for 6 years2. You also have the flexibility to manage your payouts and policy value as your needs evolve.

It’s easy to start, with a short premium commitment of only 3 years, starting from S$10,000 a year and with no medical assessment required. You can pay your premiums using your cash.

Grow your wealth and secure your lifetime income towards financial freedom today.

Key benefits

Lifetime monthly payouts up to 3.28% per annum

Start receiving your lifetime payouts from the 4th policy anniversary with guaranteed payout (up to 0.85% per annum)1 and non-guaranteed payout (up to 2.43% per annum)1. Alternatively, choose to accumulate them for potentially higher returns3.

100% capital guarantee

You can rest assured with a premium commitment as short as 3 years, and with 100% capital guaranteed from the end of the 6th policy year2.  This provide you with options and fleixiblity, in case you need extra financial resources throughout your lifetime.

Inheritance for the next generation

Leave a legacy for the next generation with a lump sum benefit of 105% of the total annual premiums paid plus any bonuses, in the event of your passing or contracting terminal illness to cover your expenses.

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 For a Standard Annual Premium of S$30,000 and above:

Based on an Illustrated Investment Rate of Return (IIRR) of the Participating Fund at 4.25% p.a., the guaranteed payout is 0.85% p.a. and the non-guaranteed payout is up to 2.43% p.a. At an IIRR of 3.00% p.a., the non-guaranteed payout is up to 1.34% p.a. of the total annual premiums paid.

For a Standard Annual Premium below S$30,000:

Based on an IIRR of the Participating Fund at 4.25% p.a., the guaranteed payout is 0.80% p.a. and the non-guaranteed payout is up to 2.35% p.a.. At an IIRR of 3.00% p.a., the non-guaranteed payout is up to 1.24% of the total annual premiums paid.

The actual benefits payable may vary according to the future experience of the Participating Fund.

Capital guarantee is on the condition that premiums are paid by annual mode and no policy alterations are made.

3 The prevailing accumulation interest rate is 2.50% p.a. based on an IIRR of 4.25% p.a. and 1.00% p.a. based on an IIRR of 3.00% p.a.. This rate is not guaranteed and can be changed from time to time.

All figures in the above illustration are based on an IIRR of the participating fund at 4.25% p.a. and are subject to rounding.

* Based on an IIRR of 3.00% p.a., the payout per month from age 54 is S$164.25 (S$100.50 is non-guaranteed).

 The total amount upon surrender includes total guaranteed and non-guaranteed surrender value plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Based on an IIRR of 3.00% p.a., the total monthly payouts received by Michelle is S$11,826 and the total amount upon surrender is S$92,235.

 The total benefit received by Michelle’s family includes total guaranteed and non-guaranteed death benefit plus remaining declared but unpaid cash bonus and non-guaranteed interest earned on unpaid monthly cash bonus. Based on an IIRR of 3.00% p.a., the total monthly payouts received by Michelle is S$61,101 and the total benefit received by Michelle’s family is S$99,399.

Interest earned on the unpaid month cash bonus is accumulated at 2.50% p.a. and 1.00% p.a. based on an IIRR of 4.25% p.a. and an IIRR of 3.00% p.a. respectively. This rate is not guaranteed and can be changed from time to time. The actual benefits payable may vary according to the future experience of the Participating Fund.

Disclaimer

All ages specified refer to age next birthday.

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. 

All figures used are for illustrative purposes only and are subject to rounding.

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

Protected up to specified limits by SDIC.

Information correct as at 22 February 2022.

Back to Top
Need help?
Calling in Brunei
Calling from overseas
Email us
Contact us
Make a claim
Find a distribution representative
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