Great Eastern GREAT SP Series 2 Review
The complete Pros and Cons on Great Eastern GREAT SP Series 2
Great Eastern GREAT SP Series 2 has been discontinued. For further information and details about this plan, fill up the form below and let us advise you accordingly.
Great Eastern GREAT SP Series 2 is an endowment insurance plan that covers you 105% of premiums paid against Death and Total and Permanent Disability for a period of 1 year with a maturity payout of 105% of premiums paid
Great Eastern GREAT SP Series 2 product details
- Life policy – Endowment and Saving policy
- Premium Payment
- Pay 1 single lump-sum premium only for coverage for 1 year
- Guaranteed Returns
- Guaranteed rates of 1.05% per annum
- Coverage
- Be covered 105% of premiums paid against Death and Total and Permanent Disability
- Payout
- Receive 105% of premiums paid upon maturity
- Hassle-free Application
- Enjoy guaranteed acceptance with no medical check required
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Read About: Endowment and Saving policy: Is it the best option?
Features of Great Eastern GREAT SP Series 2 at a glance
Cash and Cash Withdrawal Benefits
Cash value: Yes
Cash withdrawal benefits: No
Health and Insurance Coverage
Death: Yes
Total Permanent Disability: Yes
Terminal Illness: No
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.
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Great Eastern GREAT SP Series 2 may be suitable if you are looking for
Great Eastern GREAT SP Series 2 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 endowment and savings plan
- A single premium endowment insurance policy
- To potentially generate higher financial returns compared to bank accounts
Great Eastern GREAT SP Series 2 may not be suitable if you are looking for
Great Eastern GREAT SP Series 2 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
- Regular premium payments for long term savings
- Potentially higher financial returns compared to a pure investment product.
- Insurance policy with a high surrender value in the early years of the policy.
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Further considerations on Great Eastern GREAT SP Series 2
- How is Great Eastern or Great Eastern GREAT SP Series 2 investment returns based on historical performance?
- How does Great Eastern GREAT SP Series 2 compare with Endowment policy from other insurance companies?
- Can Great Eastern GREAT SP Series 2 fulfill my financial, insurance, health, and protection needs?
The above information may not fully highlight all the product details and features on Great Eastern GREAT SP Series 2. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern GREAT SP Series 2.
Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.
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Is Great Eastern GREAT SP Series 2 suitable for me?
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