Great Eastern has announced that as part of its SG60 Family initiative to celebrate Singapore's 60th birthday, it will be providing S$400 complimentary gift credits per child, including babies born this year, and free family insurance coverage to all families throughout 2025.
This SG60 Family Initiative is in partnership with the Ministry of Social and Family Development for its newly launched Large Families Scheme initiative, as announced during the Singapore Budget 2025 to support large families.
Families with children aged 16 and below in 2025 are entitled to S$400 gift credits for every child with no cap to the total amount of gift credits claimable. The gift credits can be used to offset 10% of premiums for a wide range of protection, savings, and lifestyle plans, as well as home, motor, and travel insurance from Great Eastern.
Mr Colin Chan, Managing Director for Group Marketing, Great Eastern, said, “Through our SG60 Family initiative, we want families to prioritise financial planning by taking action to build multiple nest eggs that they can count on at different life stages to fulfil their goals and aspirations. This could mean saving for children’s education, a downpayment to upgrade to bigger homes as the family grows and making provisions for subsequent generations.
“Setting aside ample funds also means having options to celebrate life’s significant milestones comfortably, such as going on a dream vacation with the family. Besides spotlighting the importance of savings, as Singapore’s leading homegrown insurer who has been providing a financially secure future for generations of families, we also advocate getting adequate protection for additional peace of mind and financial stability.”
Mr Ishak Ismail, Chairman for Families for Life Council, said, “When there is financial security, families can focus on family bonding and spending quality time together. We commend Great Eastern’s efforts to support families across generations, bringing them closer together.”
With no upfront purchase required, all families can enjoy SG60 Family gift credits, one year’s worth of free family insurance coverage and exclusive family offers.