Get advice
Endowment

Introduction

As we journey through life, securing our financial future becomes increasingly important, especially when planning for retirement. GREAT Prime Rewards 3, offered by Great Eastern Life Assurance, is a innovative solution designed to address this crucial need. This single premium participating endowment plan provides a steady stream of annual cash payouts, ensuring a secure financial future for retirees. With GREAT Prime Rewards 3, you can not only grow your funds but also support your desired retirement lifestyle with ease and confidence.

🤔 Insurance Needs Calculator

Discover how much insurance coverage you might need based on your financial situation.
No personal information required.

Type of Endowment Plan

GREAT Prime Rewards 3 is a single premium participating endowment plan. This means that you make a one-time lump sum payment to purchase the policy, rather than paying regular premiums over time. As a participating plan, it has the potential to earn additional non-guaranteed bonuses based on the performance of the insurer's participating fund. This structure offers the advantage of immediate full coverage and the opportunity for your investment to grow over time. However, it's important to note that while there is potential for higher returns, the non-guaranteed portion of the benefits is subject to market fluctuations and the performance of the participating fund.

Coverage Customization

GREAT Prime Rewards 3 offers a range of features that allow you to tailor your coverage to your specific retirement needs. From guaranteed benefits to potential bonuses, this plan provides various options to secure your financial future. Let's explore the key aspects of coverage customization available with this product.

Capital Guarantee

100% Capital Guarantee. Your initial investment is fully protected from the end of the 5th policy year, providing a solid foundation for your retirement planning.

Flexible Payouts

Customizable Income Stream. Choose payout durations of 10, 15, 17, or 20 years, with total payouts of up to 1.47X of your single premium, allowing you to align the income with your retirement timeline.

Accumulation Option

Growth Potential. Opt to accumulate your annual payouts at an attractive interest rate, potentially boosting your returns up to 1.82X of the single premium paid.

SRS Compatibility

Tax-Efficient Planning. Utilize your Supplementary Retirement Scheme (SRS) funds to purchase the plan, potentially enjoying tax benefits while securing your retirement income.

Fill in your details to get started

or

By filling this out, you agree to allow us to contact you about insurance related information.

Learn more

Riders and Additional Benefits

GREAT Prime Rewards 3 comes with built-in protection features that provide comprehensive coverage beyond just retirement income. These additional benefits ensure that you and your loved ones are protected against various life uncertainties.

Death Coverage

Financial Protection. In the event of death, your beneficiaries will receive a payout, ensuring your loved ones are financially supported.

Total and Permanent Disability

Disability Protection. Coverage for Total and Permanent Disability is provided, with specific conditions covered for the entire policy term and others until age 65.

Terminal Illness Coverage

Critical Care. The plan includes coverage for Terminal Illness, providing financial support during challenging times.

Surrender Value and Partial Withdrawals

While GREAT Prime Rewards 3 is designed as a long-term retirement solution, life's circumstances may sometimes require flexibility. Understanding the options for surrender and partial withdrawals is crucial for making informed decisions about your policy.

Surrender Value

Policy Liquidation. The surrender value may be zero or less than the total premiums paid, especially in the early years of the policy. It's advisable to maintain the policy for its full term to maximize benefits.

Withdrawal Flexibility

Access to Funds. You have the option to withdraw your accumulated annual payouts at any time, providing flexibility to address unexpected financial needs.

Early Termination Costs

Surrender Implications. Early termination of the policy typically involves high costs. It's important to carefully consider your long-term financial goals before surrendering the policy.

Claims and Customer Service

Great Eastern Life Assurance is committed to providing excellent customer support and a smooth claims process for GREAT Prime Rewards 3 policyholders. To file a claim or seek assistance, you can reach out to their customer service team via phone, email, or by visiting their office at 1 Pickering Street, #01-01 Great Eastern Centre, Singapore 048659. Their website, greateasternlife.com, also offers comprehensive information and may provide online claim submission options. For specific policy inquiries or to discuss your coverage, it's recommended to contact your Great Eastern Financial Representative directly.

Fill in your details to get started

or

By filling this out, you agree to allow us to contact you about insurance related information.

Learn more

1170+

Suggestions Facilitated

11+

Insurance Brands Represented

154+

MAS Licensed Advisors

Conclusion

GREAT Prime Rewards 3 is an excellent choice for individuals looking to secure a stable retirement income with the potential for growth. It's particularly well-suited for those who have a lump sum to invest, are planning for retirement in the medium to long term, and value the combination of guaranteed returns with the possibility of higher payouts. This plan also appeals to those who want to optimize their SRS funds for retirement planning.
who can provide you with diverse perspectives on your insurance options. By meeting with these advisors, you'll not only gain valuable insights but also earn entries into our 'Premiums On Us' quarterly draw, where you could win your quarterly insurance premiums paid by Whatins. Don't miss this opportunity to make an informed decision about your financial future while potentially enjoying free insurance coverage!