Tell me more about Great Eastern's Great Ideal Living
There's a lot of great things going on with Great Eastern's Great Ideal Living critical insurance plan. It helps with the expensive treatment during critical times, even for early detection of a major illness - allowing you to give full attention to your recovery. To provide you with seamless protection, there will be no waiting period between submission of claims and no limits to the number of critical illness conditions you can claim against as long as your payouts stay within your basic sum assured limit.
How long will I have to pay for my premiums?
You will only need to pay premium for a maximum of 20 years, regardless what age you start your policy at. This fixed payment term will help you to be continually protected up to the age of 8, but without losing a portion of your hard earned cash that can be used to achieve other life goals.
Who Is eligible to sign up for this product?
If you're reaching retirement, it is advisable that you jump on the Great Eastern Great Ideal Living now, as you're only allowed to apply for this product up until a maximum age of 55. For parents, you can start ensuring your child as soon as he or she is 30 days old.
Will I be able to make multiple claims for the same illness?
Yes, but you will only be able to claim for the same illness at different severity levels. The amount you are entitled to receive will also vary according to how serious your condition is. Here's an example:
Let's say you want to claim for early stage cancer. 10% of your sum assured will be payed out to you for this claim. A few years down the road, you are still battling this cancer and it has progressed to an advanced stage. For this claim, you will be able to receive 60% of your sum assured. For conditions regarding diabetes, you will only be able to claim a maximum of 20% of your sum assured throughout your policy term.
Will my sum assured increase throughout the years?
Your basic sum assured is guaranteed to increase incrementally from the 2nd policy year onwards up to a maximum limit of 180% of the initial basic sum assured.
How do I make a claim?
The claim requirements are outlined in the claims form. After you've completed the form, you can make a claim directly to Claims Department, Customer Service Department or through any Great Eastern branch offices throughout Malaysia.