1. This Promotion is open to existing policyholder(s) with inforced single and/or regular premium policies purchased in 2023 that are not maturing in 2024, and such policies must have been purchased from a financial representative of The Great Eastern Life Assurance Company Limited (“GELS”).

2. To qualify for the Reward (as defined at paragraph 3), these policyholders must purchase at least one of the Qualifying Plans (as listed in paragraph 3) from GELS. The new policy must have its proposal form submitted and registered by the next policy anniversary month of the policyholder’s existing policy and be inforce by the month after the next (as illustrated in paragraph 4). This Promotion begins on 1 January 2024 and ends 31 December 2024 (both dates inclusive).  Accordingly, any proposal submitted and registered in January 2025 must be inforce by 28 February 2025 to qualify for the Reward.

3. Subject to the terms and conditions of this Promotion, eligible policyholders may purchase any of the plans listed in the Qualifying Plans column.  For each Qualifying Plan that meets the minimum Qualifying Premium per plan, policyholders will receive the corresponding Great Dollars (“Reward”) indicated in the table below. 

^{# including GST and after any premium discounts.} 

Qualifying annualised premium for Regular Premium plans with less than 10 years payment term, e.g. GREAT Wealth Multiplier 3 (5 years payment term), GREAT Lifetime Payout 2 Special (3 years payment term), will be based on weighted annualised premium.

See below table on how to calculate Weighted Annualised Premium.

Examples:

The following plans will not constitute as Qualifying Plans for this Promotion:

• GREAT SupremeHealth series
• GREAT TotalCare and GREAT TotalCare Plus
• GoGreat Term Life
• Government Scheme plans (e.g. CareShield Life, Dependants’ Protection Scheme)
• CareShield series (e.g. GREAT CareShield)
• All Single Premium and Recurrent Single Premium Plans except for Prestige Life Rewards or GREAT Prime Rewards

4.  New Qualifying Plans must have their proposal forms submitted and registered by the next policy anniversary month of the policyholder’s existing policy, and inforced by the month after the next. See example below:

5. Eligible policyholders will be notified of this Promotion via electronic Direct Mailer (eDM) on their policy anniversary day of the existing policy.

6. Only Policyholders who have given their consent to receive marketing materials from Great Eastern will receive the notification.

7. Each policyholder is entitled to one Reward for each successful purchase of a Qualifying Plan, subject to the minimum Qualifying Annualised Premium per Qualifying Plan and/or its riders being met. Policyholders are not allowed to combine premiums paid for more than one Qualifying Plans to qualify for the Reward.

8. A policyholder’s eligibility to participate in the Promotion and to receive the Reward is not transferrable or assignable.

9. This Promotion is not valid with, and the Qualifying Plans (and their premiums) may not be used for participating in, other offers or promotions held by GELS unless otherwise stated. In the event that any duplicate Reward is erroneously awarded or if the relevant Qualifying Plan is cancelled within the 14-day free-look period, Great Eastern reserves the right to recover the full value of the Reward (or duplicate Reward, as the case may be) from the Policyholder.

10. Eligible policyholder will be notified via short message service (SMS) on his/her entitlement to the Reward, which will be credited to the Eligible Policyholder’s Great Eastern Rewards account within 2 months after the Promotion end date. If the free-look period of any Qualifying Plan falls after the Promotion end date, the Reward will be credited only after the free look period has ended.

11. Notwithstanding anything herein, Great Eastern has the absolute discretion to determine the eligibility of any person to participate in the Promotion. If Great Eastern subsequently determines that a person is in fact not eligible, for any reason whatsoever, Great Eastern may at its discretion, disqualify the participant and clawback/cancel the Reward or gifts redeemed using the Reward without prior notice.

12. Great Eastern reserves the right to vary the terms and conditions or withdraw this Promotion at any time without prior notice or liability to any party. The decision of Great Eastern on all matters relating to this Promotion shall be final and binding on all customers.

13. In participating in the Promotion, the Participants agree to release and hold Great Eastern harmless from any and all liability whatsoever for any injuries, losses or damages of any kind to any person or property arising from or in connection with, either directly or indirectly:

a. the awarding, acceptance, receipt, possession, use or misuse of any Reward or parts thereof awarded pursuant to the Promotion; and

b. the participation in the Promotion or any Reward-related activities.

14. 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 these terms and conditions, including the validity and enforceability thereof.

Information correct as at 1 January 2024