Great Eastern Annual Cashback Endowment Review
The complete Pros and Cons on Great Eastern Annual Cashback Endowment
Great Eastern Annual Cashback Endowment has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Great Eastern Annual Cashback Endowment product details
- Life policy – Endowment and Saving policy
- Delivers a guaranteed cash payout in starting from the second year every year, plus a lump sum payment at the end of the term
- Throughout the duration of the plan, you’ll be covered against death, terminal illness, and total and permanent disability
- You can opt for an 18-year or 25-year plan – whatever your choice, you can pay premiums either for a limited period or throughout the plan term
Read About: Endowment and Saving policy: Is it the best option?
Features of Great Eastern Annual Cashback Endowment at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: Yes
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: Yes
Critical Illness: No
Early Critical Illness: No
Health and Insurance Coverage Multiplier
Death: No
Total Permanent Disability: No
Terminal Illness: No
Critical Illness: No
Early Critical Illness: No
Optional Add-on Riders
NA
Additional Features and Benefits
Yes.
Read About: Effects of compounding returns
Read About: 3 things to consider before taking up a new financial product
Great Eastern Annual Cashback Endowment may be suitable if you are looking for
Great Eastern Annual Cashback Endowment may potentially be a good fit if the following matters to you:
- Liquidity or flexibility of withdrawal in your Insurance policy.
- A hassle-free application without medical underwriting
- Short to medium term endowment and savings plan
- To saving regularly over a period of time
- To potentially generate higher financial returns compared to bank accounts
Great Eastern Annual Cashback Endowment may not be suitable if you are looking for
Great Eastern Annual Cashback Endowment may potentially be a bad fit if the following matters to you:
- Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- Insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lifetime regular cash payout
- A one-time premium commitment with no further cash commitment
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
Further considerations on Great Eastern Annual Cashback Endowment
- How is Great Eastern or Great Eastern Annual Cashback Endowment investment returns based on historical performance?
- How does Great Eastern Annual Cashback Endowment compare with Endowment policy from other insurance companies?
- Can Great Eastern Annual Cashback Endowment fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern Annual Cashback Endowment. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Annual Cashback Endowment.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Great Eastern Annual Cashback Endowment suitable for me?
Contact InterestGuru using the form below. Our panel of licensed financial advisers will advise accordingly, based on your financial profile and protection needs.
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