Great Treasure Wealth 储蓄

Great Treasure Wealth is a limited pay endowment plan without participation in profits with investment-linked features, consisting of Non-Participating Component and Investment-Linked Component. Some of the choices of funds invest in Shariah-approved securities. However, this is not a Shariah-compliant product. The Investment-Linked Component is an insurance component that is tied to the performance of the underlying assets, and is not a pure investment product such as unit trusts. Premiums are payable until the end of the premium payment term, or until death or TPD or termination of the policy, whichever occurs first. Premiums 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 Company shall refund an amount equal to the sum of:

a.     the total premium paid without interest for the Non-Participating Component; and

b.     the unallocated premiums and the value of the units that have been allocated (if any) at unit price at the next valuation date for Investment-Linked Component.

Net asset value is the single price at which the policy owner buys the units in a unit fund and sells the units back to the unit fund.

The policy does not have a guaranteed minimum cash value for the Non-Participating Component on termination until after you have paid premiums for two years. An early termination of the policy involves high costs and the withdrawal value of the Investment-Linked Component is dependent on the prevailing market value of the underlying assets of the unit fund(s). Therefore, if you surrender your policy early, you may get back less than the amount you have paid. The policy value of the Investment-Linked Component may rise or fall, based on the underlying performance of the fund(s). The performance of the fund is not guaranteed. The investment risk under the Investment-Linked Component will be borne solely by the policy owner. Past actual performance is not a guide to future performance, which may be different.

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 and/or total investment value are 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 an early termination of coverage.

You have the option of boosting the investment value of your policy via single premium top-ups, subject to a minimum of RM1,000 per top up, provided all premiums due and any indebtedness have been paid.

Any amount of the premium that has not been allocated to purchase units is used to meet the payment of commissions to intermediaries and general expenses of the Company. The Company reserves the right, in circumstances it considers exceptional, to suspend issuance or redemption of units.

The above is for general information only. It is not a contract of insurance. You are advised to refer to the Sales Illustration, Fund Fact Sheet, Product Disclosure Sheet 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. For further information, reference shall be made to the terms and conditions specified in the policy issued by Great Eastern Life.

If there is any discrepancy between the English, Bahasa Malaysia and Chinese versions of this brochure, the English version shall prevail.

The terms “Great Eastern Life” and “the Company” shall refer to Great Eastern Life Assurance (Malaysia) Berhad.

Information correct as at 19 July 2021.