GREAT Generation Care | Family Critical Illness Insurance (3-Generation) | Life Insurance

Our family life insurance plan is a critical illness plan designed to provide protection for you, your parents and your children. This ensures your family receives financial support if any covered family member is affected by a critical illness or unforeseen event.

This insurance plan is ideal if you want to extend your protection to include your loved ones. Not only does it safeguard you against unfortunate incidents and critical illnesses, but it also covers your children and parents – offering comprehensive coverage across three generations.

While both an insurance plan and a medical plan for a family provide financial protection for healthcare-related expenses, they differ in terms of coverage:

Note: Terms and conditions apply. 

The minimum entry age is 17 years next birthday and the maximum entry age is 60 years next birthday.

The minimum sum assured for this plan is RM50,000 and the maximum sum assured is RM5,000,000.

         i)        Death during the first policy year from the risk commencement date or from the date of any reinstatement, whichever is later, as a result of suicide, while sane or insane.

         ii)       The Company will not be liable for any TPD Benefit if TPD:

• has existed prior to the risk commencement date or the date of any reinstatement, whichever is later.
• is caused directly or indirectly by self-inflicted injuries, while sane or insane.
• is caused by bodily injury sustained as a result of parachuting or skydiving, or engaging in aerial flights other than as a crew member or as a fare-paying passenger of a licensed commercial airline operating on a regular scheduled route.
• is resulted from you committing, attempting or provoking an assault or a felony or from any violation of law by you.
• is resulted from war, whether declared or undeclared.

         iii)       The Company will not be liable for any critical illness benefit if the conditions or signs and symptoms associated with the critical illness:

• has existed prior to the risk commencement date or the date of any reinstatement, whichever is later.
• has existed or was diagnosed during the waiting period of 30 days or 60 days (depending on the type of critical illness).
• has existed before or during the waiting period which would prompt a reasonable person to seek medical care or attention, though the resulting diagnosis may occur before or after the expiry of the waiting period.
• is caused directly or indirectly by self-inflicted injuries, while sane or insane.
• is resulted from you committing, attempting or provoking an assault or a felony or from any violation of the law by you.
• is caused directly or indirectly by the existence of Acquired Immune Deficiency Syndrome (AIDS) or by the presence of any Human Immuno-deficiency Virus (HIV) infection. The exceptions are HIV Infection Due to Blood Transfusion, Full-blown AIDS and Occupationally Acquired HIV Infection, which are covered under this plan.
• is resulted directly from alcohol or drug abuse.
• is resulted from war, whether declared or undeclared.

         iv)      The Company will not be liable for any Child Protect Benefit if:

The conditions or signs and symptoms associated with the critical illness or child illness:

• has existed prior to the risk commencement date or the date of any reinstatement, whichever is later.
• has existed or was diagnosed during the waiting period of 30 days or 60 days (depending on the type of critical illness or child illness).
• has existed before or during the waiting period which would prompt a reasonable person to seek medical care or attention, though the resulting diagnosis may occur before or after the expiry of the waiting period.
• is caused directly or indirectly by self-inflicted injuries, while sane or insane.
• is resulted from your child committing, attempting or provoking an assault or a felony or from any violation of the law by your child.
• is caused directly or indirectly by the existence of AIDS or by the presence of any HIV infection. The exceptions are HIV Infection Due to Blood Transfusion, Full-blown AIDS and Occupationally Acquired HIV Infection, which are covered under this plan.
• is diagnosed due to, directly or indirectly, a congenital defect or disease, which was manifested or was diagnosed before your child attains the age of 1 year or less.
• is resulted directly from alcohol or drug abuse.
• is resulted from war, whether declared or undeclared.

Your child:

• is above age 17 next birthday at the time of policy issue date.
• is above age 18 next birthday upon the occurrence of the critical illness or child illness.
• did not survive for at least 14 days after the occurrence of a critical illness or child illness.

         v)       The Company will not be liable for any critical illness under Parent Protect Rider if:

The conditions or signs and symptoms associated with the critical illness:

• has existed prior to the risk effective date.
• has existed or was diagnosed during the waiting period of 30 days or 60 days (depending on the type of critical illness).
• has existed before or during the waiting period which would prompt a reasonable person to seek medical care or attention, though the resulting diagnosis may occur before or after the expiry of the waiting period.
• is caused directly or indirectly by self-inflicted injuries, while sane or insane.
• is resulted from your parent committing, attempting or provoking an assault or a felony or from any violation of the law by your parent.
• is caused directly or indirectly by the existence of AIDS or by the presence of any HIV infection.
• is resulted directly from alcohol or drug abuse.
• is resulted from war, whether declared or undeclared.

Your parent:

• is above age 80 next birthday at the time of policy issue date or risk effective date, whichever is later.
• is above age 100 next birthday upon the occurrence of the critical illness.
• did not survive for at least 14 days after the occurrence of a critical illness.

The exclusions highlighted here are not exhaustive. Full details are available in the policy document.

¹ Except for Angioplasty and other invasive treatments for coronary artery disease, where only 10% of the basic sum assured will be payable, subject to a maximum amount of RM25,000 per life.

² Terms and conditions apply.

³ Subject to a maximum aggregate amount of RM10,000 per life.

GREAT Generation Care is a non-participating plan that matures at age 80 years next birthday. Premiums are payable up to age 80 years next birthday or upon termination, whichever occurs first. Any increase in coverage shall entail an increase in premium payment.

You should satisfy yourself that this plan will best serve your needs and that the premium payable under the policy is an amount you can afford. A free-look period of 15 days is given for you to review the suitability of the plan. If the policy is returned to the Company during this period, the full premium would be refunded to the policy owner minus the expenses incurred for medical examination, if any. If you switch your policy from one company to another or if you exchange your current policy with another policy within the same company, you may be required to submit an application where the acceptance of your proposal will be subject to the terms and conditions to be imposed at the time of policy switching or replacement.

The policy may not have the guaranteed minimum cash value on termination until after you have paid premiums for two years. If you surrender your policy early, you will get back less than the amount you have paid. If you stop paying premiums before the end of the premium payment term, an automatic premium loan will be effected under your policy to pay future premiums so long as the cash value is more than the total indebtedness. The Company shall charge interest on the above loans at interest rates to be determined by the Company from time to time. The prevailing interest rate is available on the Company’s official website. Cessation of premium payment before the end of the premium payment term may lead to early termination of coverage.

The above is for general information only. It is not a contract of insurance. You are advised to refer to the Sales Illustration, Product Disclosure Sheet, consumer education booklet on Medical and Health Insurance products (MHI) and sample policy documents for detailed important features and benefits of the plan before purchasing the plan. The exclusions and limitations of benefits highlighted above are not exhaustive. For further information, reference shall be made to the terms and conditions specified in the policy issued by Great Eastern Life.

The terms "Great Eastern Life" and "the Company" shall refer to Great Eastern Life Assurance (Malaysia) Berhad.

The benefit(s) payable under eligible policy/product is(are) protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Great Eastern Life Assurance (Malaysia) Berhad or PIDM (visit www.pidm.gov.my).

Information correct as at 1 June 2024.