Great Eastern has unveiled two pioneering insurance solutions designed to support Singaporeans through various life stages, from caregiving responsibilities to long-term wealth accumulation. The launch aims to alleviate financial pressures faced by the sandwich generation and offer capital-guaranteed investment options in today’s moderate return environment.
The first offering, GREAT Life Multiplier, is a whole-life plan providing affordable, multi-generational coverage. It includes a Parent Care Rider, offering late-stage critical illness protection for elderly parents without requiring medical assessments. This plan is particularly beneficial for young families and those balancing care for both children and ageing parents. “We recognised that the market lacked a single affordable solution that could address the pain points of young professionals and mid-career adults,” said Greg Hingston, Group CEO of Great Eastern.
The second solution, GREAT Index Income, is a capital-guaranteed endowment plan linked to the UBS Multi Asset Angle SGD Index. With a minimum investment of $36,500 (S$50,000), it caters to those seeking steady growth and flexibility. The plan offers annual payouts that can be withdrawn or reinvested, and includes death and accidental death coverage without the need for medical underwriting.
These offerings highlight Great Eastern’s commitment to innovation and addressing the real-life challenges of Singaporeans. By providing tailored solutions, the company aims to help individuals build wealth with confidence and security, even in a moderate return environment.
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