GREAT CareShield Consumer Promotion

This advertisement has not been reviewed by the Monetary Authority of Singapore.

GREAT CareShield can be purchased by CareShield Life or ElderShield policyholders. All Supplements are regulated under the CareShield Life and Long-Term Care Act 2019. 

This is only product information provided by us. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.

If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

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

These policies are 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).

Information correct as at 1 October 2024.

"GREAT CareShield” Premium Discount Promotion (“Promotion”) Terms and Conditions

1. This Promotion is open to policyholders who apply for GREAT CareShield (“Qualifying Plan”) from The Great Eastern Life Assurance Company Limited (“GELS”) between 1^st of October 2024 and 31^st of December 2024 (both dates inclusive) and where the relevant plan is in force by the 31^st of December 2024.

2. A premium discount of up to 40% (“Promotional Discount”) will be applied on the total annual premium payable including premium loadings (if any) and excluding the prevailing rate of GST for the first and subsequent years, as set out in the table below: -

^* Minimum Qualifying Annual Premium refers to the total annual premium payable excluding discount, premium loadings (if any) and GST.

3. The discounted premium amount will be reflected on the Letter of Conditional Acceptance (LCA) issued by GELS to the policyholder of the Qualifying Plan(s).

4. The discounted premium amount will be reflected on the portion payable in MediSave funds and/or cash.

5. If the policyholder cancels, surrenders or deals with the Qualifying Plan in any way which reduces the total premium payable at purchase within twelve (12) months from the date of issue of the Qualifying Plan, the policyholder shall return the value of the Promotional Discount to GELS. GELS may deduct the value of the Promotional Discount from any sums due or owing to the policyholder from GELS, in its sole discretion.

6. This Promotion is not valid with any other offers or promotions (including where premium vouchers are utilised for payment of premiums) held by GELS.

7. GELS reserves the right to vary these terms and conditions or withdraw this Promotion at any time without prior notice. The decision of GELS on all matters relating to this Promotion shall be final and binding on all customers.

8. By participating in this Promotion, you agree and consent to GELS and  its related corporations (collectively, the "Companies"), as well as their respective representatives, agents,  the Companies' authorised service providers and relevant third parties (the Companies and all the other foregoing parties, collectively, “Great Eastern Persons”), collecting, using, disclosing, and/or sharing amongst themselves your personal data, for purposes reasonably required by the Companies to evaluate your proposal and to provide the products or services which you are applying for (including any policy renewals and policy upgrades, substitutions or replacements) and such other purposes as described in Great Eastern's Privacy Statement (collectively, the “Purposes”) which is accessible from Great Eastern Singapore’s website at https://www.greateasternlife.com, which you confirm you have read and understood. Further, you agree that your consent herein supplements but does not supersede or replace any other consents that you may have previously provided to Great Eastern Persons, and your consent herein is cumulative and additional to any rights which any of the Great Eastern Persons may have to collect, use and/or disclose of any of your personal data, with or without your consent, to the extent permitted under applicable law.

9. The terms and conditions of this Promotion shall be governed by and interpreted in accordance with Singapore law. The courts of Singapore shall have exclusive jurisdiction over any disputes arising from the terms and conditions, including the validity and enforceability thereof.