Great Eastern Prime Rewards Review

Great Eastern Prime Rewards product details

• Life policy – Annuity
• Offers you a choice of three savings and payout periods
• For just one upfront premium payment and without any medical check-ups, Prime Rewards provides you with a guaranteed annual income for your choice of 10, 15 or 17 years, plus coverage against death and total and permanent disability
• After an accumulation period of three or five years, you’ll get an annual payout of up to 10.5% of your premium, plus an annual cash bonus
• To receive higher returns, simply re-invest your annual payouts and cash bonuses to earn interest
• As long you’re below 70 years of age, you can sign up without having to go for any medical check-ups

Read about:  Why your retirement planning starts now

Read about: 3 best Retirement plans and Annuity policies in Singapore (2023 Edition) *Updated*

Read about: The Complete Guide to Retirement Planning (2023 Edition) *NEW*

Features of Great Eastern Prime Rewards 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: 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.

For further information and details, refer to Great Eastern website. Alternatively, fill up the form below and let us advise accordingly.

Read about: How can I accumulate a million dollar (Realistically)

Read about: Effects of compounding returns on your investments

Great Eastern Prime Rewards may be suitable if you are looking for

Great Eastern Prime Rewards may potentially be a good fit if the following matters to you:

• Regular cash payout
• Saving regularly over a period of time
• A one-time premium commitment with no further cash commitment
• Insurance options without medical underwriting
• Do not need access to the funds until retirement
• To potentially generate higher financial returns compared to bank accounts

Great Eastern Prime Rewards may not be suitable if you are looking for

Great Eastern Prime Rewards 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
• Lump sum payout upon maturity
• 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 Prime Rewards

• How is Great Eastern or Great Eastern Prime Rewards investment returns based on historical performance?
• How does Great Eastern Prime Rewards compare with Endowment policy from other insurance companies?
• Can Great Eastern Prime Rewards fulfil my financial, insurance, health and protection needs?

The above information may not fully highlight all the product details and features on Great Eastern Prime Rewards. Talk to us or seek advice from a financial adviser before making any decision about Great Eastern Prime Rewards.

Always ensure your long-term financial goals and objectives are aligned with the financial product you are considering to take up.

Where can I compare the payout and benefits of retirement plans and annuity policies?

Your retirement plans are meant to supplement your lifestyle and expenses in your golden years. Ensure your retirement plans matches the financial goal and objective you wish to achieve when you decided to talk a step back in life.

It is too late to regret once you have made your financial commitment. Specific products features, benefits and payout will differ more than you think across insurance companies.

And even worse, to know you can compare retirement plans and annuity policies here,  100% free of charges on the InterestGuru.sg platform.

Is Great Eastern Prime Rewards 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.

We compare quotations head to head on all leading insurers in Singapore

Before you go...

Great Eastern Prime Rewards may be a good fit towards your current financial goals. However, there could be way more plans out there with features and/ or benefits that could be more relevant to you at a lower cost.

Drop us a message and find out about customised options across multiple insurance companies. You deserve to get the best out of your hard-earned savings!

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