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PROPERTY REWARD INSURANCE SCHEME (PRIS)

What is the Property Reward Insurance Scheme?

The Developer gives a free insurance protection and investment to eligible purchasers.

How much is the Reward?

Riding on Malaysia’s economic growth, Great Eastern invests actively in the stock market to maximise capital appreciation. The Owner can cash out at the end of the target investment period for the following benefit:

Example
        Projected Investment Value *(RM)
Purchase Price (RM)
 Target investment Period
 Single Premium (RM)
 Minimum Sum Assured (RM) Low yield: 2% pa
 High yield: 9% pa
198,000
 30 Years
 9,900.00
 12,375.00
 8,529.00
 49,891.00
288,000
 31 Years
 14,400.00
 18,000.00
 12,458.00
 72,826.00
328,000
 32 Years
 16,400.00
 20,500.00
 14,205.00
 83,019.00
688,000
 33 Years
 34,400.00
 43,000.00
 29,923.00
 174,760.00

# Minimum Single Premium is RM 5,000

The Sum Assured is payable if the purchaser

1. dies, or

2. become totally and permanently disabled before age 65 while his insurance is in force

Concept
The developer awards the free gift of an investement-linked policy to eligible purchaser or next of kin. Not only will the investment value grow over the years, owner will also be given insurance protection for 20-30 years or longer, subject to insurance policy in force. The purchaser can liquidate the policy when the investment grows to match the money paid for the property - thus getting the property for free!
Benefits
Benefits to the Developer: -
  • Enhance the sales value of the properties and improve its marketability.
  • Project good public image.
  • Provide exclusive and attractive cash reward to the purchasers.
    •  
    Benefits to the Purchaser:-
  • Gets a 2 in 1 investment plus insurance package at no extra cost
  • The reward stays with the Owner Purchaser even though the property is sold off.
  • Utilize the Reward cash payback for retirement plan, children’s education, refurbishment or leisure holiday.
  • The investment can be liquidated for cash at anytime, subject to any applicable conditions.
    •  
    Reward Benefit Features:
  • At the end of the projected investment period, the Owner Purchaser may cash
    •   out the total investment value.
  • The Owner Purchaser has the flexibility to withdraw the total investment value
    •   at any time provided he has not assigned the Reward.
  • Upon death, a sum assured plus the total investment value will be payable to
    •   the beneficiary (if any) or estate.
     
    Who Are Eligible?
  • Property purchaser, his spouse or child.
  • Individual aged between 18 and 64 years old.
  • Malaysian or foreigner who must have a local correspondence address.
  • Corporate buyers can nominate up to maximum of 2 reward Purchaser by
    •   passing a company board resolution.
     
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