Great Eastern Dependants’ Protection Scheme Review
The complete Pros and Cons on Great Eastern Dependants’ Protection Scheme
Great Eastern Dependants’ Protection Scheme product details
- Term policy
- Automatically covered when you make your first working contribution to CPF, between the age of 21 and 60
- Provides a basic coverage of up to $46,000, in the event of death, Terminal Illness or Total Permanent Disability
- You can only claim under Terminal Illness or Total Permanent Loss if your terminal illness or total permanent loss of physical function started on or after 2023
- Premiums can be paid using your CPF Ordinary and/or Special Account
Read About: Term Policy: How does it work?
Read About: 3 things to consider before taking up a new financial product
Features of Great Eastern Dependants’ Protection Scheme at a glance
Cash and Cash Withdrawal Benefits
Cash value: No
Cash withdrawal benefits: No
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.
For further information and details, refer to Great Eastern website. Alternatively, fill up the form below and let us advise accordingly.
Read Also: No budget for financial planning?
Great Eastern Dependants’ Protection Scheme may be suitable if you are looking for
Great Eastern Dependants’ Protection Scheme may potentially be a good fit if the following matters to you:
- High Health and Protection coverage
- High insurance coverage for Death or Terminal Illness
- High insurance coverage for Early Critical Illness, Critical Illness or Total Permanent Disability
- Lower initial premium compared to other types of insurance policies
- Looking to boost insurance coverage or fill shortfall in insurance portfolio
Great Eastern Dependants’ Protection Scheme may not be suitable if you are looking for
Great Eastern Dependants’ Protection Scheme may potentially be a bad fit if the following matters to you:
- Long-term cash accumulation
- Regular cash payout
- A one-time premium commitment with no further cash commitment
- Insurance policy with a surrender value.
Further considerations on Great Eastern Dependants’ Protection Scheme
- How is Great Eastern or Great Eastern Dependants’ Protection Scheme payout and claims based on past track record?
- How does Great Eastern Dependants’ Protection Scheme compare with Term policy from other insurance companies?
- Can Great Eastern Dependants’ Protection Scheme fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern Dependants’ Protection Scheme. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Dependants’ Protection Scheme.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Great Eastern Dependants’ Protection Scheme 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.
All financial reviews and proposals provided are 100% free of charge. There will be no obligation to take up any proposed financial products or services in any way.
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