Great Eastern Prime Growth Rewards product details
- Life policy – Endowment and Saving policy
- A medium-term savings plan that offers you 10-year coverage against death, as well as total and permanent disability
- Premium term limited to 5 years
- Provides you a maturity payout equal to the basic sum assured, plus additional returns at the end of the 10 years
- As long as you’re below 75 years of age, you can sign up for the plan easily and quickly. There’s no need to go for medical check-ups
- Starting from the plan’s sixth year, you’ll receive an annual cash bonus for four years
- You can pay your premiums over five years, or make a one-time payment to enjoy a 5% discount
Read About: Endowment and Saving policy: How does it work?
Read About: Endowment and Saving policy: Is it the best option?
Features of Great Eastern Prime Growth Rewards 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.
Read About: 3 things to consider before taking up a new financial product
Great Eastern Prime Growth Rewards may be suitable if you are looking for
Great Eastern Prime Growth Rewards may potentially be a good fit if the following matters to you:
- A hassle-free application without medical underwriting
- Short to medium term endowment and savings plan
- To saving regularly over a period of time
- To potentially generate higher financial returns compared to bank accounts
Great Eastern Prime Growth Rewards may not be suitable if you are looking for
Great Eastern Prime Growth Rewards may potentially be a bad fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- 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
- A one-time premium commitment with no further cash commitment
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Further considerations on Great Eastern Prime Growth Rewards
- How is Great Eastern or Great Eastern Prime Growth Rewards investment returns based on historical performance?
- How does Great Eastern Prime Growth Rewards compare with Endowment policy from other insurance companies?
- Can Great Eastern Prime Growth Rewards fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern Prime Growth Rewards. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Prime Growth Rewards.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Great Eastern Prime Growth Rewards suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
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