GREAT PRIME VANTAGE - LIFE PLAN (GUARANTEE APPROVAL)
Life Insurance
GREAT PRIME VANTAGE - LIFE PLAN (GUARANTEE APPROVAL)
Giving you confidence for the prime years of your life
Looking back on your years in life, you’ve strived to achieve your financial aspirations and provide the very best for your family. We want to keep you company as you progress towards the next phase of the journey: your golden years.
Let us take care of you this time with Great Prime Vantage, a hassle-free insurance plan that covers you up to the age of 80 years next birthday with no medical underwriting. Just pay your premiums for 10 years, sit back, and enjoy essential life protection, guaranteed returns at maturity, and a complimentary 3-year Digital Health Consultation Service.
Great Prime Vantage combines convenience and coverage so that you can enjoy the greatest blessing of all – staying by your family’s side with more complete peace of mind for many years to come.
Benefits at a glance
Limited premium payment term of 10 years
Great Prime Vantage gives you the advantage of a limited premium payment term with the bene t of long-term coverage. Just pay your premiums for 10 years and enjoy essential life protection that keeps you covered up to the age of 80 years next birthday
Financial protection for life’s unexpected events
The unforeseen in life might cause financial uncertainties to arise for your family. That’s why Great Prime Vantage provides a payout to your loved ones in accordance with the table below, to help ease their concerns in the event of death or accidental death:
Guaranteed acceptance with no health questions asked
Whether you’re a career person turning 40 years old on your next birthday, or you’re a 65-year-old on your next birthday enjoying the best years of your life, your application is free from any health questions and medical examinations. This makes it easy and hassle-free to obtain the protection that you truly need as you progress towards your golden years.
| Entry age next birthday | Policy year | Death due to accidental causes | Death due to non-accidental causes |
| Below 60 years | 1-2 | Higher of basic sum assured or 110% of total premiums paid | Refund of total premiums paid |
| 3-4 | Lower of basic sum assured or 150% of total premiums paid | ||
| 5 & above | Higher of basic sum assured or 110% of total premiums paid | ||
| 60 years & above | 1-2 | Higher of basic sum assured or 105% of total premiums paid | Refund of total premiums paid |
| 3-4 | Lower of basic sum assured or 150% of total premiums paid | ||
| 5 & above | Higher of basic sum assured or 105% of total premiums paid |
Up to 110% of total premiums paid at maturity
To celebrate your plan’s maturity on the policy anniversary of age 80 years next birthday, you’ll be entitled to receive the following bene t in one lump sum:
| Entry age next birthday | Maturity benefit |
| Below 60 years | 110% of total premiums paid |
| 60 years & above | 105% of total premiums paid |
Additional coverage for accidental death
It always helps to have the reassurance of a stronger financial safety net should misfortune befall you. In the event of accidental death, we provide your family with an extra payout on top of the death bene t they will already receive:
Notes:
i. The benefit for Accidental Death (Public Conveyance) will only be payable if the accidental death is resulted while traveling in a Public Conveyance; or while riding as a passenger in an elevator or in electric lift or in consequence of the burning of any theatre or cinema, hotel or other public building in which you shall be present the time of commencement of the fire.
ii. Public Conveyance means a commercially licensed airline operating on a regular scheduled route or a commercially licensed public transportation (limited to vehicles and trains that are operating on the road or railway only) over an established route with regular schedule such as bus, train or monorail. Cable car, taxi, hired car or any form of transport chartered for private travel, are excluded.
iii. In the event of accidental death, you will only receive the bene t for Accidental Death or Accidental Death (Public Conveyance), whichever is applicable.
iv. Terms and conditions apply.
Complimentary Digital Health Consultation Service for 3 years
More convenient and accessible healthcare is now only one call away – and best of all, it’s complimentary! Great Prime Vantage grants you access to Digital Health Consultation Service, a 3-year virtual healthcare benefit that comes with this plan at no additional cost. You can enjoy various medical services from the comfort of your own home, as provided by DoctorOnCall (“Provider”):
• Unlimited online consultations with a general practitioner via chat, audio call or video call;
• Free standard delivery for purchase of medications and supplements from DoctorOnCall’s website;
• Preferred rates when consulting a Specialist online;
• Exclusive promotions, freebies and discounts on various healthcare services
Notes:
i. Your Great Prime Vantage policy must be inforce for 30 days before the Digital Health Consultation Service can be used. You must provide a valid email address to the Company during the registration of the policy in order to use the service. You will receive an email noti cation upon successful activation of the service.
ii. The Company and the Provider will not be responsible for any third party expenses which will be your responsibility.
iii. The Provider will use its best effort to provide the service to you in a timely and accurate manner and will exercise care and diligence in providing the service. However, the Provider does not guarantee the quality of the service rendered and the nal decision on use of such service will be your responsibility.
iv. The Provider will not be responsible for any consequential loss to you resulting from the use of such service or delay in communicating or providing such service.
v. Under all circumstances, the Company and the Provider will not be responsible for any damage, loss or injury to you resulting from the usage of the service as decided by you.
vi. The Company reserves the right to amend the terms and conditions or discontinue the Complimentary Digital Health Consultation Service by giving 30 days’ advance written noti cation to you.
vii. Terms and conditions apply.
Frequently Asked Questions
Q: Who can apply?
A: The minimum entry age is 40 years next birthday and the maximum entry age is 65 years next birthday.
Q: How much sum assured can I purchase?
A: The minimum sum assured for this plan is RM10,000 and the maximum sum assured is RM250,000 per life.
Q: What are some of the exclusions under the plan?
A: No bene t is payable under the following circumstances:
• Death during the rst policy year from the risk commencement date or the date of any reinstatement, whichever is later, as a result of suicide, while sane or insane.
• Accidental death as a result of suicide, attempted suicide or self-in icted injuries, while sane or insane.
• Accidental death as a result of bodily in rmity, or mental or functional disorder, or illness or disease of any kind, or any infections, other than infections occurring simultaneously with and in consequence of an accidental cut or wound.
The exclusions highlighted here are not exhaustive. Full details are available in the policy document.
Q: How do I pay my premiums?
A: You can pay by credit card, banker’s order, internet banking or cheque. You have the flexibility to pay your premium annually, half-yearly, quarterly or monthly. However, cheque is not allowed for monthly mode of payment.
Q: Will I be entitled to tax bene ts?
A: Bene ts received from Great Prime Vantage are generally non-taxable and premiums paid may qualify for tax relief. However, tax bene ts are subject to the Malaysian Income Tax Act, 1967, and nal decision of the Inland Revenue Board.
Important Notices
Great Prime Vantage is a limited pay non-participating whole life plan that matures at age 80 years next birthday. Premiums are payable until the end of the premium payment term or upon termination, whichever occurs first. The premium rates are non-guaranteed and may be revised from time to time. Upward revision of premium rates, if any, will be done on your policy anniversary and the Company will notify you in writing at least three months before the revision takes place. The revision, if any, will aim to reflect our claim experience or other justifled circumstances. Such changes will be applicable to all policy owners regardless of their individual experience.
You should satisfy yourself that this plan will best serve your needs and that the premium payable under the policy is an amount you can afford. A free-look period of 15 days is given for you to review the suitability of the plan. If the policy is returned to the Company during this period, the full premium would be refunded to the policy owner. If you switch your policy from one company to another or if you exchange your current policy with another policy within the same company, you may be required to submit an application where the acceptance of your proposal will be subject to the terms and conditions to be imposed at the time of policy switching or replacement.
The policy may not have the guaranteed minimum cash value on termination until after you have paid premiums for two years. If you surrender your policy early, you will get back less than the amount you have paid. If you stop paying premiums before the end of the premium payment term, an automatic premium loan will be effected under your policy to pay future premiums so long as the cash value is more than the total indebtedness. The Company shall charge interest on the above loans at interest rates to be determined by the Company from time to time. The prevailing interest rate is available on the Company’s official website. Cessation of premium payment before the end of the premium payment term may lead to early termination of coverage.
This brochure is for general information only. It is not a contract of insurance. You are advised to refer to the Sales Illustration, Product Disclosure Sheet and sample policy documents for detailed important features and benefits of the plan before purchasing the plan. The exclusions and limitations of benefits highlighted above are not exhaustive. For further information, reference shall be made to the terms and specified in the policy issued by Great Eastern Life.
If there is any discrepancy between the English, Bahasa Malaysia and Chinese versions of this brochure, the English version shall prevail.
The terms “Great Eastern Life” and “the Company” shall refer to Great Eastern Life Assurance (Malaysia) Berhad.
For more information, please contact your friendly Great Eastern Life Planning Advisor or Customer Service Careline at 1300-1300 88
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