Great Early Cancer Care Special (GECC-S) from Great Eastern Life Assurance offers Critical Illness insurance for specially selected customers until Dec 31. 2016
(Last updated: Nov 4, 2016 with program extended with GECC-S 2 until Dec 31, 2016)
GECC-S Key Benefits
- Benefits for early stage cancer, intermediate stage cancer & advanced stage cancer
- Payout 50% of Basic Sum Assured (BSA) on early stage cancer (most CI policies payout only on intermediate / advanced stage)
- BSA bounces back from 50% (after claiming 50%) to 100% automatically 6 months after diagnosis date of early stage cancer (recovery benefit)
- 150% BSA payout upon intermediate / advanced stage cancer
- Total coverage 200% BSA for early, intermediate & advanced stage cancer
- Non-participating plan
- No waiting period between submission of claims
- No medical underwriting
- Coverage until age 80 (most CI plans cover until age 70 only)
- Death benefit (lump sum): total premium paid OR cash value (whichever is higher)
- Maturity benefit: total premium paid OR 100% BSA (whichever is higher)
- Selected GE customers only with hospital & CI plans, & no prior cancer-related claims
- Age: 30days – 60 next bday
- BSA: Choice of 50/100/150/200/250/300k
- If multiple CI claims simultaneously, highest CI claim applicable
- Policy terminates on intermediate / advanced stage cancer with full payout
- Waiting period of 60 days from policy start date before any cancer claims
- Excluded if caused by AIDS/HIV
Example Scenario: Claims early stage cancer benefit, claims recovery benefit & then claims intermediate/advanced stage cancer benefit
- BSA: RM100,000
- Cancer early stage benefit (50%): RM50,000
- Recovery benefit after 6mths (50%): RM50,000
- Intermediate/Advanced Stage cancer benefit (100%): RM100,0000
- Total Payout (200% of BSA): RM200,000
E&OE. Article is for information sharing purposes only.
Please contact us or your Great Eastern provider for more info.
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