Get Cashback as a percentage of Total Qualifying Annualised Premium
Great Eastern Protect and Save Promotion is valid from 3 January 2020 to 31 March 2020.
This Promotion is open to policyholders who have purchased the Qualifying Plans (as described in clause 2 below) from The Great Eastern Life Assurance Company Limited (“GELS”) between 3 January 2020 to 31 March 2020 (inclusive of those dates) and issued by 30 April 2020 (“Promotion Period”).
The Qualifying Plans and the Gift for this Promotion are shown in the table below
|Qualifying Plans||Qualifying Annualised Premium||Gift (% of cashback on Total Qualifying Annualised Premium1)|
|Protection Plans||All new Life and Accident & Health regular premium plans and its cash-paying riders2||S$3,600 – S$7,199||10% cashback|
|S$7,200 & above||15% cashback|
|Wealth Accumulation Plans||All new wealth accumulation regular premium plans and its cash-paying riders2||S$3,600 – S$7,199||5% cashback|
|S$7,200 & above||7.5% cashback|
Additional bonus for Accident & Health plans/riders
|Bonus Reward: for Accident & Health plans/riders|
|Minimum annualised premium of S$600 and above||S$60 cashback^|
^Payable only for policyholders who purchase either an Accident & Health plan or rider with a minimum annualised premium of S$600 and above.
For more details regarding the promotion, refer to Great Eastern T&C
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Note the following:
¹(a)The Total Qualifying Annualised Premiums refer to the total premiums payable per year including the premiums payable for its cash-paying riders and can be accumulated from a combination of qualifying plans for the same policyholder, excluding premium discount, loading and/or lien on the Qualifying Plans.
(b) The Total Qualifying Annualised Premiums must be calculated from all annual premiums of the Qualifying Plan(s) within the same plan category (namely, either protection plan category or wealth accumulation plan category as stated in the table above) (“Plan Category”) for the same policyholder.
(c) For selected regular premium plans with less than ten (10) years premium payment term, a pro-rated adjustment will be made according to the duration of the premium payment term to determine the Total Qualifying Annualised Premium. For example, for Flexi Endowment 5 and Prime Growth Rewards, the Total Qualifying Annualised Premium will be based on 50% of first year annualised premium. For Supreme Retirement with premium payment terms of 6 years, the Total Qualifying Annualised Premium will be based on 60% of first year annualised premium. For details on premium eligibility for the selected regular premium plans, please refer to your distribution representative.
² Cash paying riders refer to: Accident Care Plus II Rider ·Essential Protector Plus Rider · Junior Living Assurance Rider Plus · LifeSecure Rider · Pay Assure Rider · Payer Benefit Rider (ILP) · Premium Waiver Rider (ILP) · Smart Early Critical Care Payer Benefit Rider · Smart Early Critical Care Premium Waiver Rider