GREAT Golden Protector: Your Comprehensive Guide to Safeguarding Your Golden Years
Are you over 40 and worried about accidents as you age? You're not alone. As we get older, we're more likely to have accidents and take longer to recover. That's where GREAT Golden Protector comes in. Let's explore how this unique plan can help you enjoy your golden years with peace of mind.
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What is GREAT Golden Protector?
GREAT Golden Protector is a personal accident insurance plan designed specifically for individuals aged 40 and above . It offers extensive coverage of up to S$405,000 for accidents, providing financial assurance for medical treatment and care. Here's what makes it special:
24/7 Worldwide Coverage
You're protected no matter where you are.
Comprehensive Post-Accident Benefits
Includes coverage for Traditional Chinese Medicine, chiropractic care, and Allied Health professionals.
No Medical Check-ups
Guaranteed acceptance without health screenings.
Family Discount
Get 25% off premiums when you add your spouse as the 2nd life assured.
Key Features of GREAT Golden Protector
Triple Payout for Certain Accidents
Get 3 times the payout for accidents on public transportation or in private cars.
Daily Hospital Cash Benefit
Receive up to S$200 per day if hospitalized, including for COVID-19 and other infectious diseases.
Comprehensive Medical Coverage
Up to S$4,000 per accident for treatments in hospitals or clinics. Additional S$1,200 for post-hospitalization aftercare.
Fractures, Dislocations, and Burns Coverage
Up to S$25,000 for these specific injuries.
Affordable Premiums
Plans start from just S$0.83 per day.
What Does It Cover?
GREAT Golden Protector offers three plans with different levels of coverage. Here's a simple breakdown:
| Basic Benefits | Plan A | Plan B | Plan C |
|---|---|---|---|
| Accidental Death | S$30,000 | S$60,000 | S$90,000 |
| Accidental Major Permanent Disablement | Up to S$45,000 | Up to S$90,000 | Up to S$135,000 |
| Accidental Other Permanent Disablement | Up to S$30,000 | Up to S$60,000 | Up to S$90,000 |
| Medical Expenses Reimbursement | Up to S$2,000 per accident | Up to S$3,000 per accident | Up to S$4,000 per accident |
| Fractures/Dislocations/Burns | Up to S$8,000 | Up to S$12,000 | Up to S$25,000 |
| Daily Hospital Cash | S$100 per day | S$150 per day | S$200 per day |
| Loss of Activities of Daily Living | S$20,000 | S$30,000 | S$45,000 |
How Much Does It Cost?
The cost depends on the plan you choose. Here's a simple guide:
Plan A: S$0.83/day or S$303.57/year
Plan B: S$1.19/day or S$436.00/year
Plan C: S$1.42/day or S$517.50/year
All premiums include the prevailing rate of GST.
Real-Life Example
Total Illustrated Benefits over two years: Up to S$42,600
Year 1
Oscar is in a bus accident and loses his index finger. He receives: 1) Up to S$4,000 for medical expenses, 2) S$800 for 4 days in the hospital, 3) S$27,000 lump sum payout (S$90,000 x 10% x 3 for Triple Indemnity). Total Benefits: Up to S$31,800
Year 2
Oscar falls during a bird-watching tour, fracturing his legs and arms. He receives: 1) Up to S$4,000 for medical expenses, 2) S$800 for 4 days in the hospital, 3) S$6,000 lump sum payout for fractures. Total Benefits: Up to S$10,800
Why Compare GREAT Golden Protector with other Personal Accident Options through Whatins?
Traditional Approach
- Limited to one company's definitions
- May not know about better coverage elsewhere
- Single view on occupation classifications
Whatins Advantage
- Compare accident definitions across insurers
- See how different plans cover various activities
- Get multiple views on occupation coverage
- Understand different approaches to sports coverage
Pros and Cons
Pros
Designed specifically for those 40 and above
No medical check-ups required
24/7 worldwide coverage
Comprehensive post-accident benefits including TCM
Triple payout for certain types of accidents
Family discount available
Cons
Only for Singapore Citizens and Permanent Residents
Premium rates are not guaranteed and may increase
May not be suitable if you already have comprehensive accident coverage
Frequently Asked Questions
Who can apply for this plan?
Singapore Citizens and Permanent Residents aged 40 and above.
Do I need a medical check-up to apply?
No, acceptance is guaranteed without medical check-ups.
What's not covered?
Exclusions may include self-inflicted injuries, war, or professional sports. Check the policy contract for full details.
Can I change my plan later?
Contact Great Eastern to discuss plan changes.
How do I make a claim?
Contact Great Eastern as soon as possible after the accident. They'll guide you through the process.
Wrapping It Up
GREAT Golden Protector offers comprehensive accident coverage tailored for individuals aged 40 and above . With its worldwide coverage, extensive benefits including TCM treatments, and no medical check-ups required, it provides a safety net for your golden years.
The plan's unique features, such as triple payouts for certain accidents and coverage for fractures and burns, make it stand out in the market. However, it's important to consider your existing coverage and future needs when deciding if this plan is right for you.
Remember, the best insurance is the one that fits your specific situation and complements your existing coverage.
Ready to take the next step? Don't rely on just one opinion. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on personal accident insurance for seniors. These professionals will review your needs and provide personalised recommendations, helping you make the most informed decision possible.
By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for your golden years. Don't leave your protection to chance – get the expert advice you deserve today.
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