Get Quotes from Great Eastern Life
Great Eastern Life, a member of the OCBC Group, is one of Southeast Asia’s oldest and most trusted life insurance companies. With over a century of experience, it offers a wide range of traditional life, health, investment-linked, and savings plans designed for long-term protection, retirement, and legacy planning. The company is especially popular in Singapore, Malaysia, and other parts of ASEAN.
✅ Pros
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Strong Financial Stability: Backed by OCBC Bank, ensuring long-term financial security and dependable payouts.
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Comprehensive Product Range: Includes term life, whole life, critical illness, endowment, retirement, and investment-linked plans.
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Customizable Riders: Add-ons for critical illness, premium waivers, hospital income, and more to tailor policies to personal needs.
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Good Claims Reputation: Recognized for fair, timely claims payouts and supportive customer service.
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Long-Term Focus: Ideal for policyholders seeking legacy planning, retirement income, or savings-based life insurance.
❌ Cons
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Higher Premiums: Premiums can be higher than some competitors, especially for whole life and savings-type plans.
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Traditional Approach: While reputable, the brand may not appeal to younger, tech-savvy users seeking digital-first experiences.
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Limited Global Coverage: Most plans are regionally focused; international health coverage requires specific riders or separate plans.
💰 Pricing
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Term Life Insurance: From SGD $25/month (~USD $18) depending on age, sum assured, and term.
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Whole Life Plans: Typically start from SGD $100/month (~USD $75) for basic coverage.
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Investment-Linked Plans (ILPs): Minimum premiums from SGD $200/month (~USD $150), with flexible top-ups.
Pricing is affected by age, health, coverage amount, and selected riders.
🏆 Final Verdict
Great Eastern Life is a trusted insurer for those who value long-term security, traditional values, and integrated wealth protection. While pricing is on the higher side, its strong brand, diverse offerings, and financial strength make it a top choice for families, professionals, and legacy-focused individuals in Singapore and the region.
