Great Eastern has launched two new products in Singapore - GREAT Life Multiplier and GREAT Index Income - designed to support customers through key life stages.
GREAT Life Multiplier is a whole-life plan aimed at the “sandwich generation,” offering lifelong protection and the option to multiply coverage up to 10 times.
It includes the Parent Care Rider, which covers parents for late-stage critical illnesses like dementia and Parkinson’s, with no underwriting required.
The plan also allows parents to secure lifelong protection for their children, with policy ownership transferable at age 18.
GREAT Index Income is a single-premium, capital-guaranteed endowment plan with annual payouts linked to the UBS Multi Asset Engle SGD Index.
It requires a minimum investment of US$39,077 (S$50,000) and includes death and accidental death coverage.
It targets mass-affluent individuals, particularly those aged 55 and above, looking to grow their CPF savings or personal wealth, reported Insurance Asia.