Great Eastern GREAT SP Series 2 Review

The complete Pros and Cons on Great Eastern GREAT SP Series 2

Great Eastern GREAT SP Series 2 is an endowment insurance plan that covers you 105% of premiums paid against Death and Total and Permanent Disability for a period of 1 year with a maturity payout of 105% of premiums paid

Great Eastern GREAT SP Series 2 product details

  • Life policy – Endowment and Saving policy
  • Premium Payment
    • Pay 1 single lump-sum premium only for coverage for 1 year
  • Guaranteed Returns
    • Guaranteed rates of 1.05% per annum
  • Coverage
    • Be covered 105% of premiums paid against Death and Total and Permanent Disability
  • Payout
    • Receive 105% of premiums paid upon maturity
  • Hassle-free Application
    • Enjoy guaranteed acceptance with no medical check required

 

Read AboutEndowment and Saving policy: How does it work?

Read AboutEndowment and Saving policy: Is it the best option?


Features of Great Eastern GREAT SP Series 2 at a glance

Cash and Cash Withdrawal Benefits

Cash value: Yes
Cash withdrawal benefits: No

Health and Insurance Coverage

Death: Yes
Total Permanent Disability: Yes
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Health and Insurance Coverage Multiplier

Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No

Optional Add-on Riders

NA

Additional Features and Benefits

Yes.

 

For further information and details, refer to Great Eastern website. Alternatively, fill-up the form below and let us advise accordingly.

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Great Eastern GREAT SP Series 2 may be suitable if you are looking for

Great Eastern GREAT SP Series 2 be a good fit if the following matters to you:

  • Liquidity or flexibility of withdrawal in your Insurance policy.
  • A hassle-free application without medical underwriting
  • Short endowment and savings plan
  • A single premium endowment insurance policy
  • To potentially generate higher financial returns compared to bank accounts

Great Eastern GREAT SP Series 2 may not be suitable if you are looking for

Great Eastern GREAT SP Series 2 may potentially be a bad fit if the following matters to you:

  • Health and Protection coverage
  • High insurance coverage for Death or Terminal Illness
  • Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
  • Lifetime regular cash payout
  • Regular premium payments for long term savings
  • Potentially higher financial returns compared to a pure investment product.
  • Insurance policy with a high surrender value in the early years of the policy.

 

Read AboutHow can I accumulate a million dollar (Realistically)


Further considerations on Great Eastern GREAT SP Series 2

  • How is Great Eastern or Great Eastern GREAT SP Series 2 investment returns based on historical performance?
  • How does Great Eastern GREAT SP Series 2 compare with Endowment policy from other insurance companies?
  • Can Great Eastern GREAT SP Series 2 fulfill my financial, insurance, health, and protection needs?

The above information may not fully highlight all the product details and features on Great Eastern GREAT SP Series 2. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern GREAT SP Series 2.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

 

Read AboutWhere do I start with financial planning

Read About3 best Savings plans and endowment policies in Singapore (updated Jan 2020)


Is Great Eastern GREAT SP Series 2 suitable for me?

Contact InterestGuru using the form below. Our panel of Independent financial planners will advise accordingly, based on your financial profile and protection needs.

All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.

*For a limited time, get attractive incentives when you take up any products that is proposed by our team of financial planners.

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Before you go...
Great Eastern GREAT SP Series 2 may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.
Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!
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