Great Eastern Supreme Education – Payouts when you needed it.
Choose to receive payouts at each of your child's milestone education ages, or accumulate them to earn additional interest.
Secure financial security for your child’s education and future with Great Eastern Supreme Education. Choose to have the policy mature at age 22 or 24.
As a doting parent, you want nothing but the best for your little one. And it’s never too early to start planning for your child’s future needs. Supreme Education is a comprehensive education plan that assures high guaranteed cash payouts to coincide with your child’s educational milestone ages.
Premium Term: 10 years or up to three years before maturity of the policy
Policy Term: At your child reaching the age of 22 or 24 years old.
| Great Eastern Supreme Education (Product details at a glance) | ||
| Cash value and Withdrawal benefit(s) | Yes | No |
|---|---|---|
| 100% Principle guaranteed at maturity | X | |
| Partial withdrawal/ cash benefits | ||
| General savings feature(s) | Yes | No |
| Short premium/ savings terms (less than 5 years) | X | |
| Long-term/ lifetime wealth accumulation | X | |
| Health and Insurance Coverage(s) | Yes | No |
| Bundled with death/ TI/ TPD and/or CI coverage | X | |
| Guaranteed issurance irregardless of health | ||
| Optional insurance rider(s) | Yes | No |
| Insurance riders to enhance coverage | ||
| Additional product feature(s) | Yes | No |
| Guaranteed cash benefits at stages of child's education | ||
| Option to accumulate cash benefit | ||
| Option to purchase coverage for your child | ||
Additional product feature(s) on Great Eastern Supreme Education
Detailed features and unique selling points of Great Eastern Supreme Education:
Guaranteed cash benefits at stages of child’s education
- Receive guaranteed cash benefits at each of your child education milestone (‘O’ Level, ‘A’ Level and three years of university education)
Options to accumulate cash benefit
- Spend the cash benefit or accumulate it with NTUC Income at an interest rate of up to 3.25% p.a.
Option to purchase coverage for your child
- Enjoy the flexibility of additional coverage for your child, without him needing to go for a medical check-up (between six months before and six months after the maturity of this plan).
- Limited to S$200,000 or 200% of sum assured of the existing Supreme Education plan, whichever is lower.
Additional riders for Great Eastern Supreme Education
The following riders can be added on to your Great Eastern Supreme Education at an additional cost:
- Parent Assurance Benefit – Offers a lump sum payout to cover your child’s living expenses in the event of the parent’s Death, Total & Permanent Disability (TPD), Terminal Illness (TI) or 37 Critical Illnesses (optional).
Who should take up a Great Eastern Supreme Education?
Great Eastern Supreme Education is an insurance savings plan. This category of insurance plans are suitable or unsuitable depending on the following factors:
Great Eastern Supreme Education is suitable for
- Cash liquidity and withdrawal for your savings plan (‘During your child O’ Level, ‘A’ Level and three years of university education)
- Mid to long term wealth enhancement
- Mid to long term savings commitment period
- Hassle-free application without medical underwriting (if riders are not taken up)
- Saving for your child education
Great Eastern Supreme Education is not suitable for
- Income for a lifetime (Retirement Plan)
- High death, disability or critical illness coverage (Whole Life, Term Life)
- One-time single premium commitment
- High surrender value in the early years of the policy
Sample policy illustration for Great Eastern Supreme Education
Coming soon.
Learn more about Great Eastern Supreme Education
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