Great Eastern Life Assurance Malaysia |Products, Reviews & Articles

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Ranked #326 in Business, #10,150 overall

Great Eastern Life Assurance is the largest and oldest life insurance company in Malaysia founded in year 1908

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Life Insurance books on Amazon 

Life and Health Insurance License Exam Cram

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New Life Insurance Investment Advisor: Achieving Financial Security for You and your Family Through Today's Insurance Products

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Questions and Answers on Life Insurance: The Life Insurance Toolbook

Release Date: 10/16/2007

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Great Eastern Products 

Best Products from Great Eastern Life Insurance Malaysia | KCLau's Money Tips
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 All these years, some insurance products had been withdrawn and no longer available to the market.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.
How to Read Great Eastern Investment-linked Policy Statement
Actually after you know how to read the statement, you probably won't be interested to read the details in the future. But you will be very interested to read this summary page. It shows the total investment value of your policy and also the grand total death benefit, which in this case is equal to the sum of death benefit plus the investment value.
MediCare 100 Great Eastern Protect until age 100
Great Eastern Life Malaysia launched a new product early this year - MediCare 100. Most health plans in the market only cover the life assured up to age 70. Medicare 100 is designed to meet your changing health needs and protects you up to age 100. What's more, your coverage will increase by 10% each year until a maximum of 200%*. This will help cushion the effects of inflation on the value of the plan.
How to choose between Investment-linked, Supreme Livin' Care Plus & GMBS | Life Insurance Malaysia
If you ask me which product I bought, I actually bought all the 3 insurance plans you listed.
I am sure that you can afford all of them if your annual income is more than RM45,000. The total premium of the 3 policies is RM4478/year. As a rule of thumb, forking out 10% from your gross income to buy insurance protection is adequate. If you buy the right insurance policy, allocating 10% of your income for insurance premium will neither make you under-insured, or over-insured.
Greatlife Portfolio Insurance - Bestselling Regular Premium Investment Link Plan (Great Eastern Product Review)
In this article, I will show you the details, benefits, features and popular riders of the bestselling regular premium investment-linked plan from Great Eastern: GREATLIFE PORTFOLIO INSURANCE (GPI), also known as GREAT PROTECTLINK INSURANCE. Before I introduce the features to you, let's look at the reason why GPI is a bestselling insurance product.
Supreme Livin' Care Plus: Whole Life Living Assurance policy with Cash Bonus | Great Eastern Insurance Product Reviews
In this articles, you will find my review of the bestselling plan by Great Eastern Life assurance Malaysia. The information included here is the sales illustration quotation, the plan features, and also the appealing factors of SLC+. Learn about the plan and see whether you are suitable to own one.
Great Junior/Income Advantage Series 2 : Whole Life Income Plan | Great Eastern Insurance Product Reviews
This is a whole life saving plan works like an annuity benefit plan. Premium payable for 10 years and reap the income for whole life
Great Eduplanner: Education Endowment Insurance Plan |Great Eastern Product Reviews
Great Eduplanner is a very simple plan. All you have to commit is the first 10 years premium. In return, you will get:
* maturity benefit that serves as your child's education funds
* if something happens to you (3D) , your child will still get the money at maturity
Supreme Care: Whole Life Non-Par Insurance Plan |Great Eastern Products Reviews
Finally, let's recap the main feature of Supreme Care * guaranteed surrender value
* sum assured always stay level throughout whole life until age 99
* one of the most cost effective funding method for trust, buy-sell agreement, and liability cancellation plan.

New Guestbook 

Lensmaster

howe928 wrote

great junior adv series 2 option 3
1) what is the annual interest% or ROI?
2) is it capital gain tax free?
3) can defer receiving payments
4) how does the policy holder receive the money, greateastern will contact policy holder?
5) premium is not dependent on age and illnesses?

thanks

Reply Posted June 14, 2008

Lensmaster

FOO OI MENG wrote

Thanks for given our more welfare

Reply Posted March 25, 2008

Lensmaster

Ramadas Ayasamy wrote

well...thanks for given information. interested and already applied to be an agent. any useful tips regarding the exam ?
thanks

Reply Posted October 17, 2007

Informative Life Insurance Article 

What Happen to your Life Insurance Without Nomination?
After you have signed the proposal form for assurance, please make sure you also name the nominees. A good insurance agent always has his client fill up the nomination form before he leaves. When I do policy revision with my clients, I usually find some policies without nomination which are bought years ago. Let's look at what will happen to the sum assured payout if someone passed away without leaving a name in the nomination column. Here are the options for the life insurance companies in Malaysia:
ROI of insurance
To calculate the ROI (Return on Investment) of your investment is pretty simple. Let's say we buy a house at RM100,000. We sold it after 2 years for RM120,000. The total ROI in 2 year is RM20k/RM100k = 20%. The effective annual rate (EAR) is 9.54% per annum.
Sum Assured = Level of Love
Did your spouse ever ask you this question: How much do you love me?
I think there is no simple way we can give a great answer. Is your love deeper than sea? Higher than any bird ever reach up into the sky? (with advance technology, we got space shuttles travel many light years beyond the sky limit).
Types of Life Insurance Benefits
Since I am an insurance agent myself, it is my job to always ensure my clients are all well protected. I will try to put it in a simple form so that you will know what can be insured in a life insurance policy. There are 5 major benefits:
Life insurance is CHEAP?!
There are many types of life insurance plans. If we categorize them based on the premium paid and the protection we are getting. Basically there are 3 types (refer chart):
Bought lousy plan from the best company | KCLau's Money Tips
Sometimes I receive enquiry about comparing different company insurance plan. But there is really no straight simple answer whether which plan is the best plan in the market. I know that it is the basic right for consumer to compare different insurance plans, from different insurance companies, presented by different agents even from the same company.
There are 16 life insurance company in Malaysia.
Top 10 reason to buy life insurance
We spend money to buy something for the satisfaction of possessing it. But life insurance is a product we can't see, can't touch, and probably can't enjoy it either in our lifetime. Why should we buy life insurance then?
Everything about Life Insurance Company in Malaysia
To check the financial statement, financial report, and life insurance companies financial status and balance sheet, please download Insurance Report dated year 2005 published by Bank Negara Malaysia. BNM also publishes many reports on this page, including takaful report. At the time of writing, BNM only published the insurance report for year 2005 only. You should check on the page above to find out whether BNM had published the latest report.
Why you should first buy Investment-linked Insurance Policy
There are so many types of life insurance policy in the market. Currently there are 16 life insurance companies in Malaysia and most of them provides more than 10 products. So how do you choose your first insurance policy to buy?
Definition of 36 Critical Illnesses or Dread Diseases in Insurance Policy
Most policy holder who bought the common 36 critical illnesses coverage (also known as 36 dread diseases), will have the definition clearly stated in their life insurance policy. Here is the definition taken from Great Eastern Life insurance policy. Other life insurance company also uses the same definition although some wordings might vary.
How to Avoid Investment-linked Policy Lapse | KCLau's Money Tips
As a hot selling product of most life insurance company, investment-linked policy is most policy holders' favourite insurance plan. You might or might not be informed that your investment-linked policy will likely to lapse in the future.

Personal Finance Books 

Best Personal Finance Books
List of best personal finance books, including reviews, rating, price & author

Links to Great Eastern Company Pages 

Great Eastern Life Assurance Malaysia Homepage
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How Much Critical Illness Insurance Cover do you Need?
Do you need critical illness cover ( also known as 36 dread diseases cover)?

YES! Everybody need it. Don't ever think that you will be healthy all the time. The fact is that humans health deteriorate over time. I have seen children suffered from cancer and kidney failures too. It is scary if you ever imagine these dreadful diseases strike us someday.