Great Eastern Flexi Term Review
The complete Pros and Cons on Great Eastern Flexi Term
Great Eastern Flexi Term has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Great Eastern Flexi Term product details
- Non-participating policy – Term policy
- 2 options to choose from: Flexi Term and Flexi Living Term
- Cover Death, Total and Permanent Disability (TPD), Terminal Illness and Critical Illness
- Continue to enjoy TPD coverage throughout the policy term, even after age 65
- Choose your desired coverage term, from 6 years, up to age 85
- Guaranteed renewal every five years and option to convert it into a whole life, endowment or investment-linked plan
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 Flexi Term 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: Yes
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 Also: No budget for financial planning?
Great Eastern Flexi Term may be suitable if you are looking for
Great Eastern Flexi Term 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 Flexi Term may not be suitable if you are looking for
Great Eastern Flexi Term 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 Flexi Term
- How is Great Eastern or Great Eastern Flexi Term payout and claims based on past track record?
- How does Great Eastern Flexi Term compare with Term policy from other insurance companies?
- Can Great Eastern Flexi Term fulfil my financial, insurance, health and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern Flexi Term. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Flexi Term.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
Is Great Eastern Flexi Term 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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