What do I need to know about this critical illness insurance from Great Eastern?
Smart Early Payout CriticalCare is a critical illness insurance rider that offers early financial payout for your treatment and recovery. In other words, you can make claims upon early diagnosis of a critical illness which is covered under the policy.
Smart Early Payout CriticalCare is not a standalone policy, so you’ll need to attach this to another Great Eastern insurance product.
What is the Buy Back option for Smart Early Payout CriticalCare?
It's often difficult to obtain a new insurance policy once you’ve made a claim, which is why Great Eastern offers a unique buy back option for your additional protection.
With Smart Early Payout CriticalCare, you’re allowed to buybank the death benefit from your other Great Eastern Policy within 60 days – that way you’ll still get full financial protection even after you’ve received a full payout from your critical illness claim.
Are there additional benefits that come with this policy?
Great Eastern Smart Early Payout CriticalCare allows you enjoy complete cover from critical illness with its multiple claims benefit. You can make claims for the same critical illness in the early, immediate and advance stage, and claim for different critical illnesses.
How much do I need to pay for the premiums?
There are no extra premiums that you’ll need to pay to enjoy the coverage. Your premiums and insurance charges will be deducted from the total investment value of your insurance policy every month.
How much can I be insured for?
The minimum sum assured for Smart Early Payout CriticalCare is RM12000, while a higher sum assured is subject to the underwriting requirements.
Am I eligible to apply for Smart Early Payout CriticalCare?
Individuals between the ages 30 days and 65 years old are eligible to apply for this critical illness insurance from Great Eastern. In addition, you can renew your policy until the age of 70.
When will the policy be terminated?
Your Smart Early Payout CriticalCare policy will be terminated upon your death, policy expiry date, when the sum assured is fully paid out, or if your policy premium payments have lapsed. On the other hand, you can also choose to terminate or surrender your policy.