1.     This Promotion is open to existing policyholder(s) of policies originally sold by The Great Eastern Life Assurance Company Limited (“GELS”) and/or Overseas Assurance Corporation, which are maturing between January to December 2025 (“Maturing Policyholder(s)”), who purchase the Qualifying Plans (as described in clause 5 below) from GELS.

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

3.     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,  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 administer the Promotion, 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 GELS' Privacy Statement (collectively, the “Purposes”) which is accessible from GELS’ website at https://www.greateasternlife.com, which you confirm you have read and understood.

Your consents herein supplement but do not supersede nor replace any other consents you may have previously provided to Great Eastern Persons, and your consents herein are cumulative and additional to any rights which any of the Great Eastern Persons may have to collect, use, and/or disclose your personal data, with or without your consent, to the extent permitted under applicable law.

In addition, where personal data of any person is disclosed by you, you further confirm and represent that you have obtained the consent of the individual concerned for the Purposes, unless such consent is not required under applicable laws: (i) to collect such personal data; (ii) for the disclosure of such personal data to the Great Eastern Persons; and (iii) for the Great Eastern Persons’ collection, use and/or disclosure of such personal data.

4.     The terms and conditions of the 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. 

5.     Promotion Rewards (Great Dollars) issued will be based on “one Maturing policy reinvest into one new Single Premium policy” basis.

 The Qualifying Plans and the rewards (“Rewards”) for this Promotion are as shown in the table:

Always refer to the latest terms and conditions on the Great Eastern website.

Notes:

• The Rewards are only applicable to rollovers from policies maturing between January to December 2025.

• New eligible policies must be registered and inforce either within 90 days before or after the policies’ maturity to qualify.

• Payment method for all plans must be either in cash or SRS.

• Policies sold via the Bancassurance channel (including maturing OCBC policies) and Brunei Financial Representatives are excluded.

• Combination of multiple new policies to qualify for Rewards are not allowed.

• Only the first inforced policy of the highest value will be accorded with Rewards if there are multiple policies inforced on the same day from one maturity policy proceeds.
  
  

6.     The following plans are excluded from this Promotion:

• New launches of limited tranche Single Premium Products
  
• Any extras or loadings applied on Single Premium Plans
  
• All Regular Premium plans
  
• GREAT Flexi Saver

7.    To qualify for this Promotion, the Maturing Policyholder must be the proposer for the Qualifying Plans. The Maturing Policyholders can transfer their maturity benefits (i.e. to allow their family members such as parents/ spouse/ children to qualify for the Rewards) if they are not reinvesting into Qualifying Plans under their own name.

8.    For new applications, the promotion will be on a ‘‘one maturity policy reinvest into one new single premium policy” basis and subject to the minimum Qualifying Single Premium.

9.    Combination of premiums to qualify for Rewards of a higher value is strictly not allowed for all new applications.

10.  The Reward(s) will be credited into the eligible Maturing Policyholder’s Great Eastern Rewards App account within three (3) months from the Qualifying Plan’s issue month. Policyholders will be notified through SMS via their mobile number in GELS’s record when the Reward(s) has been issued.

11.  Maturing Policyholders are required to download the Great Eastern Rewards mobile application and register as a Great Eastern customer using a valid email address, or log in via SingPass, in order to receive the Reward(s).

12.  In the event that any duplicate Reward(s) is/are issued, GELS reserves the right to recover the full value of the Reward(s) from the Maturing Policyholder.

13.  If the Maturing policyholder:

     a) replaces or amends any of the Qualifying Plan(s) and/or its attaching rider(s):

     b) reduces the premium of any of the Qualifying Plan(s) and/or its attaching rider(s), within twelve (12) months from the date of issue of the Qualifying Plan(s) and/or its attaching rider(s), the Maturing Policyholder shall return the value of the issued Rewards to GELS.

14.  This Promotion is not valid with other offers or promotions (including any premium rewards) held by GELS unless otherwise stated.

15.  GELS shall be entitled at its sole and absolute discretion to replace or substitute any Reward(s) with another gift of equal or similar value selected by GELS.

16.  The use of the Reward(s) in the form of retail rewards is subject to the terms and conditions of the merchants providing the relevant products and/or services, where applicable.

Information correct as at 1 October 2024.