Being a life insurance agent myself, I always find out my client’s needs before I propose any insurance product. All these years, some insurance products had been withdrawn and no longer available to the market. But there are always new products launched every year. It may be a whole new plan, or just another additional rider to be attached to existing policy. Since I am dealing with Great Eastern all these years, I am much more familiar with their products. So here are some insurance plans which are hot selling products in Great Eastern. I will use an example of a new policy holder age 30, male to illustrate how much benefit he can get for paying RM2000/year premium. Please take notes that all the future saving projected are not guaranteed, unless it is mentioned below.
Investment-linked Products
Greatlife Portfolio Insurance
Description: Regular premium investment-linked policy.
Example Benefits: Death Benefit RM100k, Critical Illness RM80k and waive premium, TPD (Total and Permanent Disability) RM100k plus RM10k yearly benefit and waive premium, Health Card RM150k limit, Savings RM37k at age 55.
Main selling point: High yearly benefit for TPD, Cashless health Card
The main reason you should purchase this policy: Protect your existing wealth and also your future earning ability.
Supreme Flexilink Insurance
Description: Regular premium investment-linked policy.
Example Benefits: Death Benefit RM80k, TPD (Total and Permanent Disability) RM80k and waive premium, savings RM94k at age 55.
Main selling point: High allocation for investment, hence higher savings
The main reason you should purchase this policy: Protect your investment power and savings for retirement
Traditional Insurance Products
Supreme Livin’ Care Plus
Description: Regular premium living assurance whole life policy.
Example Benefits: Death Benefit = TPD benefit = Critical Illness – RM57,471, Savings RM80k at age 55.
Main selling point: Guaranteed increase of Sum assured, guaranteed premium, Option to buy another policy after critical illness claim paid
The main reason you should purchase this policy : Protect your existing wealth and also your future earning ability.
Supreme Care
Description: Regular premium whole-life non-participating policy.
Example Benefits: Death Benefit = TPD Benefit – RM204,082, savings RM61,224 at age 55 (surrender value guaranteed).
Main selling point: Low premium high protection, cash value guaranteed
The main reason you should purchase this policy: Funding your living trust, liability cancellation
These are just a few best selling products from Great Eastern. Which product you bought from Great Eastern? Feel free to ask any question at the comment section for further details.
Related Article:
Top 10 reason to buy life insurance
Everything about Life Insurance Company in Malaysia
Why you should first buy Investment-linked Insurance Policy
Investment-linked vs. Traditional Insurance
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Hi Sir,
I would like to understand more about the Great Eastern New Product, which this product that I newly heard – is a saving plan (not very sure the plan name), is this same as Unit Trust? have this capitaland?
Kit,
I think you are talking about the plan – Elite Builder. It is an endowment saving plan, not similar to unit trust.
So is Elite Builder a recommended product? Shall I go for 20 years or the shortest 8 years?
It is an effective saving product.
can you suggest any policy that can offer the highest protection for a long term but with a low premium.Do the supreme care is just the only policy from great eastern that can offer this criteria??
thank you
Hi,
Get high protection payout for beneficiary and cheap premium. Go Google search website and look for Term Insurance ..
Have a great day.
Then, talk to insurance agents A, B, C, D ..etc and request many information
about term insurance plan.. ( either term level or yearly renewable ) .. Cheap, non-forced saving, no investment plan and do not require ALL-IN-ONE-PACKAGE.
For male age 30 years old ( non- smoker / drinker ), level term insurance plan for 25 years old for RM300K plan ( c/w 36 critical illness ) cost less than RM1K yearly.
For yearly renewable term insurance plan for RM300K plan ( c/w 36 critical illness ) , it cost about RM 250 .. As the age increase (mortality risk) yearly, the yearly premium will increase accordingly too. BUT still very cheap compared to ALL-IN-ONE-PACKAGE.
Have a great day.
ht tp : //en.wikipedia.org/wiki/Term_life_insurance
ht tp://www.smartmoney.com/personal-finance/insurance/term-or-whole-life-8011/
May choose to have protection at your own needs. Protection plan at 2 years, 5 years, 12 years, 18 years, 22 years, 30 years ..etc
I like yearly renewable term insurance plan which is very attractive & cheap. Level Term insurance plan is fixed premium cost for number of years protection.
have a great day.
hi sir,
i need to know , can i take a insurance if i had a pacmaker to treat my slow heart beat.
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