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 All these years, some insurance products had been withdrawn and no longer available to the market.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.
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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.
Muz be understand ur current age 1st. can be pm me to my email address. i will do a summary for u. thx
No,if u need Highest protection low premium ,u can choose our new product Smart Portfolio.
u must let them know your age , Occupation , and etc . they will calculation the best price for u. U also can contact me at Facebook. THX..
hi sir,
i need to know , can i take a insurance if i had a pacmaker to treat my slow heart beat.
Hi Segaran,
The insurance company underwriters will request info from your attending doctor to make decision. You can try to apply to see what is the result.
Hi,
I am 34 years old. Married with no children. A healthy non-smoking female. I am doing my annual medical check-up every year. I am looking for a insurance that will protect my future earning ability, medical and savings. What insurance would you recommend with the annual premium of RM2000 that fits my age group and profile?
Looking forward for your reply.
Thank you.
Hi Sam Yeoh,
If this is the first policy you buy, I would recommend to have a combination of Investment-linked protection plan plus a traditional 36 critical illness plan.
Contact me at insurance@kclau.com for further discussion.
Hi.. I am a 44 year old female, looking to get myself a Medical Card…(better late than never) I’ve had GE’s Life Insurance since 1994. Would appreciate your advise. Thanking you in advance.
Hi… I am a 30 year old male, looking for my family (wife(32)son(4)son(0)),insurance policy and investment for their future benefit or usage. Any advise for my future planning.
Hi Sara,
How much is your budget? If your budget is below rm 1500 (yearly), you can go for GMC 2 with 360k protection whole life.
For further detail, you can contact me at annie_smiley2000@hotmail.com
Thank you.
Hi Eddy,
For your case, I would like to advise you to go for ILP for your wife and son protection. the early you buy for them the cheaper the premium for yearly.
Please contact me at annie_smiley2000@hotmail.com for further detail.
Thank you.
I am looking for a medical card policy + investment. Please recommend a policy.
I did met some of great eastern agents but the clarity are not good in expalaning. My annual budget is RM 5000.0. My priorities medical + savings. My age 41, engineer.
What would be the best to gain the maximum of the benefit?
Selva
NO CO-INSURANCE WITH PRUDENTIAL LATEST MEDICAL CARD – PRUFLEXI MED
OVERVIEW OF PRU FLEXI MED
1. What is PRUflexi med? (updated 20/02/2012)
PRUflexi med is a comprehensive medical plan that allows customers to customize the benefits to their individual needs and budget. It is a regular premium investment-linked medical rider that reimburses medical expenses incurred in the event of hospitalization that comes with the following features:
• 112 combinations to choose from – PRUflexi med gives you the flexibility to choose your preferred level of coverage. Pick from 7 Hospital Daily Room & Board Allowance and 16 Annual Limits options, then create a plan to suit your needs and budget!
• Hospital Daily Room & Board Allowance – If you are staying in a room & board that is lower than your chosen Hospital Daily Room & Board Allowance, we will pay you the difference in cash as an allowance. What’s more, this benefit will not reduce your Annual Limit!
• No more BILL SHOCK! – You can choose the ZERO deductible option and need not share out on eligible cost when you are hospitalized! You can also opt for a PRUflexi med plan with a minimal fixed deductible of RM300 for lower premium.
• High Lifetime Limit at 20 x Annual Limit – PRUflexi med lets you claim up to 20 times your Annual Limit per lifetime.
2. What are the basic plans that can attach PRUflexi med? (updated 20/02/2012)
PRUflexi med is attachable as a new medical plan or second medical plan on PRUlink one and
PRUlife ready.
Attachment to previous versions of investment link plans (4PAA, 5PAP, 6PAP, 7PAP) will be available at a later date, which is to be advised. The rider is currently not available in juvenile plans, traditional policies, ULP and bancassurance policies until further notice.
3. How do we select PRUflexi med benefits? (updated 20/02/2012)
Customizing PRUflexi med to your customer’s need is as easy as 1, 2, 3 & 4!
Step 1: Decide on your Hospital Daily Room & Board Allowance amount.
Choose the amount of Hospital Daily Room & Board Allowance to cover for your accommodation in a hospital.
Step 2: Decide on your Annual Limit amount.
Set the amount of Annual Limit which you will be covered for every year. This is the maximum amount of total costs of eligible benefits (excluding the cost of daily room &
board) that will be paid by Prudential every year for your hospitalisation and surgery bills.
Step 3: Decide on your Deductible amount.
Choose the amount of deductible that suits your preference – zero or RM300 deductible.
Step 4: Decide on your benefit term.
Choose the age to which you would like to be covered until from a choice of 70, 80, 90 or 100 years old.
Interested? Kindly email me at panama_09@yahoo.com
hi there,
i would like to find is there a product of insurance which cover an endownment and medical.but more to any endownment plan.with a low premium?
Medical plan (if you are talking about H&S hospitalization and surgical benefit) can be a rider that’s attached to an saving policy.
Please email your contact to insurance@kclau.com to schedule an appointment with one of my trusted associates.
Thanks
Hello,
Sir, I hold an endowment policy from Great Easrtern and will mature in another 4 yrs time. I would like to know that if instead of taking the sum insured can I renew the said policy for a further say 5 yrs maybe.
Being a single mother and with my low income I want something that can save me some money with paying a low premium too.
Actually looking for a part time job but also checking if this can work, I mean renewing the policy.
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