Early detection and diagnosis of critical illnesses improve the chances of a successful treatment while having financial support at the early stages of a critical illness can help you secure timely and appropriate treatment for the best possible outcome. This is why Great Early VantageCare 2 covers you at different stages across multiple critical illnesses, right from the start, with no wait between submissions of claims.
Great Early VantageCare 2 offers you protection should the unexpected happen. This plan also helps ensure that your loved ones will not be burdened and have the means to carry on with their lives.
Key Benefits
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This plan offers allows you to make multiple claims1 for different critical illnesses2 , or across severity levels of the same critical illness2 .
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Upon maturity of your policy, you will receive2 a lump sum payment of the basic sum assured, cash bonus5,4 , and terminal bonus4 , less any payment made earlier under the critical iIllness benefit6 .
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If death or TPD3 occur, your loved ones will receive1,2 the Basic Sum Assured, Additional Sum Assured4 , Cash Bonus5,4 , and Terminal Bonus4 .
Great Early VantageCare 2 gives you more assurance with additional sum assured payable in the event of death or occurrence of any of the critical illnesses7 .
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Buyback the Death Benefit portion up to the maximum of your Basic Sum Assured once your policy is terminated due to a critical illness claim2 .
Footnotes and disclaimers
Please do take note of the below to ensure you fully understand what this product does and does not cover.
1 Subject to child lien (if applicable).
2 Terms and conditions apply.
3 Within the policy anniversary prior to age 65 years next birthday
4 If any
5 Including any accumulated Cash Bonuses
6 For an early stage critical illness and/or Angioplasty and other invasive treatments for coronary artery disease
7 The Additional Sum Assured amount will be determined based on the severity level of the critical illness.
Great Early VantageCare 2 is a participating whole life living assurance plan with non-guaranteed bonuses. Premiums are payable up to age 87 years next birthday or upon policy termination, whichever occurs first. The plan will mature at age 87 years next birthday. Any increase in coverage shall entail an increase in premium payment. However, the premium rates are guaranteed and will remain the same throughout the premium payment term.
You should satisfy yourself that this plan will best serve your needs and that the premium payable under the policy is an amount you can afford. A free-look period of 15 days is given for you to review the suitability of the plan. If the policy is returned to the Company during this period, the full premium would be refunded to the policy owner minus the expenses incurred for medical examination, if any. If you switch your policy from one company to another or if you exchange your current policy with another policy within the same company, you may be required to submit an application where the acceptance of your proposal will be subject to the terms and conditions to be imposed at the time of the policy switching or replacement.
The Cash Bonus and Terminal Bonus are not guaranteed. The actual bonuses that would be declared may be more or less depending on the operating and investment results experienced by the Company.
The policy may not have a guaranteed minimum cash value on termination until after you have paid premiums for two years. If you surrender your policy early you may get back less than the amount you have paid. If you stop paying premiums before the end of the premium payment term, an automatic premium loan will be effected under your policy to pay future premiums so long as the cash value is more than the total indebtedness. . The Company shall charge interest on the above loans at interest rates to be determined by the Company from time to time. The prevailing interest rate is available on the Company’s official website. Cessation of premium payment before the end of the premium payment term may lead to early termination of coverage.
The above is for general information only. It is not a contract of insurance. You are advised to refer to the Sales Illustration, Product Disclosure Sheet, consumer education booklet on Medical and Health Insurance product (MHI) and sample policy documents for detailed important features and benefits of the plan before purchasing the plan. The exclusions and limitations of benefits highlighted above are not exhaustive.
Information correct as of 27 April 2017.
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