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Education
  • GreatLife International Scholar Insurance

  • GreatLife Education Insurance

  • GreatEduPlanner
  •  GreatLife International Scholar Insurance
    Great Junior 2
    Malaysia’s first overseas education plan takes your child further

    As parents, we want the best for our children. We often dream of giving our children a good overseas education and the opportunity for international exposure. However, due to the currency exchange and inflation, an overseas education can be very expensive.

    To help you secure your child’s education fund, Great Eastern is happy to introduce the new GreatLife International Scholar Insurance
    the first overseas education plan in Malaysia that caters for studies in Australia, the United Kingdom and the United States.

    Protection for Today, funding for tomorrow’s education
    With GreatLife International Scholar Insurance:


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  • you can invest in any or all of the following foreign index-linked funds - Lion AU-i Fund, Lion UK-i Fund and Lion US-i Fund, depending on where you choose to send your child to. Whichever foreign fund you choose, your investment grows in that country of your choice. So in time, when your child is ready for higher education, your finances will be as well.
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  • you will enjoy unique Campus Planning privileges with regular updates, news and tips on education to help you plan for your child's future.
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  • in addition to having your funds professionally managed, your child will be protected by the insurance coverage.
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  • you have the flexibility and total control over where and how much you want to invest, the coverage amount, and the premium you want to pay. You can start investing in Great Life International Scholar Insurance with as little as RM3,600 a year or RM300 a month.
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  • you have the option to enhance your protection with the following supplementary benefits - Premium Waiver Benefit (waives your premium payments if disability or critical illness occurs) and Payer Benefit (provides benefit on the life of the payer)
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  • you can top up to increase your investment or make withdrawals at anytime.
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  • you may also switch your investment between the three foreign index-linked funds at any time or switch your investment to any local fund of your choice (Limited to one switching per policy provided that the policy has been in-forced for 5 years and a minimum basic premium of RM3,600 a year is maintained. No partial switching is allowed).
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  • you are allowed to increase your sum assured at anytime to enhance your financial protection

    You may apply for GreatLife International Scholar Insurance if your child is between 1 month attained age to 23 years old next birthday. We offer flexible term ranging from 2 years to 24 years. The maximum term is at 25 years minus the entry age of your child.

    Upon maturity of the policy, the total investment value will be payable. The sum assured and the total investment value of the units are paid upon death or Total and Permanent Disability (TPD)*. Benefits received from GreatLife International Scholar Insurance are generally non-taxable and premiums paid may qualify for tax relief.

    * You have the option to retain the units in your policy. The sum assured and total investment value (if any) shall be payable in accordance to TPD provisions.
     GreatLife Education Insurance
    EDUCATION
    Secure your child’s future with an all-in-one education & protection plan

    GreatLife Education Insurance is about great flexibility that suits your changing needs and the needs of your child. It gives you total control over all important decisions you need to make. You choose where and how much you want to invest, how much coverage you need for your child, and the amount of premium you can afford.

    GreatLife Education Insurance lets you build your child's education fund faster and easier. That's because your portfolio is monitored and reviewed by our experienced and professional fund managers. We do the work. You have the control. It's that simple.

    Why invest in GreatLife Education Insurance:

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  • Tax relief of up to RM3,000 per annum (inclusive of premium for medical & education policy) for taxable income reduction.
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  • You can start investing in GreatLife Education Insurance with as little as RM1,200 a year or RM100 a month.
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  • GreatLife Education Insurance is applicable for a child aged between 1 month attained age to 23 years old next birthday.
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  • You are offered a flexible term of policy that ranges from 2 years to 24 years (maximum maturity age is 25).
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  • Total investment value will be payable upon maturity of your policy. The sum assured and total investment value of units are paid should death or Total and Permanent Disability * (before age 65 years next birthday) occur.
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  • To accommodate your changing needs throughout your life, you can attach various types of optional benefits e.g. waiver of premium which helps you to continue premium payment in the event of any uncertainty. This is to ensure that your child's education fund will not be stopped or affected in any way.
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  • You have the flexibilities to top up your investment or make withdrawals at anytime. You can switch your investment between the funds at any time. Or you can increase your sum assured at any time to enhance your financial protection.

    *You have the option to retain the units in your policy. The sum assured and total investment value (if any) shall be payable in accordance to TPD provision
     Great EduPlanner
    EduPlanner
    A better future for your child

    Your child is your pride and joy and you want the best for him. Our education planner is here to ease your financing requirements for your child's education. With a minimum coverage of RM10,000, you can start your child on the right footing, providing him a guaranteed education fund when he needs it.

    Great EduPlanner is an endowment plan that allows you to participate in the company’s surplus (if any) in the form of compound reversionary bonus and terminal bonus. This means that you will be receiving additional lump sum cash at the end of the policy term for your child’s education expenses.

    With Great EduPlanner, you can enjoy extra coverage with shorter premium payment term. You will have the flexibility to choose a plan with premium payment term of 10, 15 or 20 years depending on your needs.For example, you only pay premium for 10 years and it will give you 15 years of coverage. If you choose the premium payment term of 15 years, then you will enjoy 20 years of coverage. The policy will mature at the end of the coverage term.

    The plan provides:

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  • Flexibility to choose a plan with premium payment term of 10, 15 or 20 years to suit your needs.
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  • Comprehensive financial protection on death and Totaland Permanent Disability should anything happen to you.
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  • Extra protection and coverage with additional supplementary benefits to suit your needs.
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  • Favourable tax treatment such as lower taxable income, tax-free benefit and estate tax free benefit (subject to the Malaysian Income Tax Act, 1967).

    You are encouraged to invest in Great EduPlanner if your child is between the ages of one month to 16 years.
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