Prime Rewards (Series 2) PDF

SAVINGS
PLANS
(Participating)
Distribution Representative’s Product Information Pack
Wealth Accumulation
PRIME REWARDS
Bringing you closer to your retirement dreams
PRIME REWARDS (SERIES 2)
(PRODUCT
PRIME INFORMATION PACK)
REWARDS
(PRODUCT INFORMATION PACK)
TABLE OF CONTENTS
PRIME REWARDS
Page
Part I Prime Rewards (Series 2) 4
Section A Product Information 4 4
1. Introduction 4 4
2. Launch Date 4
3. Sales Territory 4
4. Currency 4
5. Plan Code 4 4
6. Benefits 5 4
7. Policy Values 8 6
8. Underwriting and Issuance Requirements 8 6
9. Policy Conditions 9 8
10. Premiums 10 8
11. Guide to Product Investment Risk Classification/ 10
Client Investment Risk Profile Match 10 11
12. Agency Compensation 11
Section B Sample Benefit Illustration & Product Summary 12 12
Part II Sample Policy Contracts & Endorsements 27 34
Part III Frequently Asked Questions 46 54
Part IV Target Market and Sales Propositions 47 58
Part V Training & Competency Requirements 48 60
Part VI Competitive Analysis 51 63
1
Information accurate at time of print on 1 July 2013. This information is confidential and is strictly for internal circulation only and is not to be
reproduced, in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract of
insurance. Please refer to the Policy Document for the precise Terms & Conditions, including the exclusions of the insurance plan.
3
PRIME REWARDS
PART I: PRIME REWARDS (SERIES 2)

SECTION A: PRODUCT INFORMATION
1. INTRODUCTION
Prime Rewards (Series 2) is a guaranteed acceptance Single Premium Participating Endowment plan. The
key benefits of this plan are annual payouts of guaranteed survival benefits and projected cash bonuses,
payable over the payout period. You may either en-cash or accumulate these payouts, giving you flexibility
and choice.
In addition Prime Rewards (Series 2) also provides insurance coverage against Death and Total &
Permanent Disability (TPD) during the policy term.
This plan has 3 variations of Accumulation Period/Payout Period for selection as follows:
Accumulation Annual Payouts
Policy Term Payout Period
Period due at the end of Policy Year
(a) 15 5 10 6 - 14
(b) 20 3 17 4 - 19
(c) 20 5 15 6 - 19
2. LAUNCH DATE
1 July 2013
3. SALES TERRITORY
This plan is available for Singapore.
4. CURRENCY
S$ - For policies issued in Singapore.
5. PLAN CODE
Plans Plan Code
Prime Rewards (5+10) (Series 2) 0717
2
4reproduced, in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract of
PRIME REWARDS
PRIME REWARDS
(PRODUCT (SERIESPACK)
INFORMATION 2)
6. BENEFITS
PRIME REWARDS
6.1 Death Benefit
Policy Year Death Benefit
During 1&2 The higher of (a) or (b), less any policy loan or debt
Accumulation (a) 101% of Single Premium
Period (b) Surrender Value
Policy For Age Next Birthday (ANB) ≤ 60 years

year(s) The higher of (a) or (b), less any policy loan or debt:
thereafter (a) 105% of Single Premium
(b) Surrender Value
For Age Next Birthday (ANB) > 60 years

The higher of (a) or (b), less any policy loan or debt:
(a) 101% of Single Premium
(b) Surrender Value
Policy Year Death Benefit
During the Policy For Age Next Birthday (ANB) ≤ 60 years

Payout year(s) The higher of (a) or (b), less any policy loan or debt:
Period thereafter (a) Minimum of (i) or (ii):
(i) 105% of Single Premium
(ii) 105% of remaining unpaid Survival Benefit +
Maturity Benefit
(b) Surrender Value
For Age Next Birthday (ANB) > 60 years

The higher of (a) or (b), less any policy loan or debt:
(b) Minimum of (i) or (ii):
(i) 101% of Single Premium
(ii) 101% of remaining unpaid Survival Benefit +
Maturity Benefit
(b) Surrender Value
6.2 Total and Permanent Disability (TPD) Benefit

(Subject to a maximum Sum Assured of $2,000,000 on any policies or riders issued by
the Company on the same life assured)
6.2.1 Occupational TPD

This benefit is only applicable if TPD occurs before the policy anniversary, on which the Life
Assured is age 65 next birthday.
The Death Benefit will be payable upon TPD admission in one lump sum and the policy will
terminate.
Occupational TPD refers to a disability suffered by the Life Assured which render the Life
Assured in a total and permanent state of incapacity to perform any work, occupation or
profession to earn or obtain any wage, remuneration or profit at any time during and
thereafter.
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reproduced, in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract of 5
PRIME REWARDS
PRIME REWARDS
INFORMATION 2)
6.2.2 Presumptive TPD

This benefit is applicable for whole of term.
The Death Benefit will be payable upon TPD admission in one lump sum and the policy will
terminate.
Presumptive TPD is total and permanent disability in which the Life Assured suffers from
such a state of incapacity which is total and permanent and which takes in the form of:
i. total and irrecoverable loss of sight in both eyes, or
ii. total and irrecoverable loss of the use of two limbs at or above the wrist or ankle; or
iii. total and irrecoverable loss of the sight in one eye and total and irrecoverable loss of
the use of one limb at or above the wrist or ankle.
Presumptive TPD must, in the opinion of a registered medical practitioner, be deemed to be

total and irrecoverable
6.3 Guaranteed Survival Benefit

Survival benefit is payable according to the following schedule, dependent on the survivorship of the
Life Assured.
Policy Accumulation Payout Annual Payouts Percentage of

Term Period Period due at the end of Single
(years) (years) (years) Policy Year Premium
(a) 15 5 10 6 - 14 10.5%
(b) 20 3 17 4 - 19 6.5%
(c) 20 5 15 6 - 19 7.5%
If there is any loan taken from the Policy at the time the Survival Benefit is payable, the
indebtedness will be offset against that Survival Benefit and only the balance will be paid.
6.4 Guaranteed Maturity Benefit

Maturity benefit is payable according to the following schedule, dependent on the survivorship of the
Life Assured at end of the policy term
Policy Accumulation Payout Payment at Percentage of

Term Period Period End of Policy Single
(years) (years) (years) Year Premium
(a) 15 5 10 15 10.5%
(b) 20 3 17 20 6.5%
(c) 20 5 15 20 7.5%
6.5 Cash Bonus

Cash bonus, which forms part of the annual payout, is not guaranteed and will be payable according
to the following schedule. Once declared, the cash bonus will be guaranteed.
Cash Bonus
Annual Payouts (Percentage of Single Premium)
Plan Name due at End of
Policy Year Single Premium Single Premium
<$50,000 ≥$50,000
Prime Rewards (5+10)
6 – 14 3.09% 3.44%
(Series 2)
4 – 19 1.91% 2.21%
(Series 2)
6 – 19 2.48% 2.87%
(Series 2)
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PRIME REWARDS
6.6 Terminal Bonus
PRIME REWARDS
Terminal bonus is a one-time bonus payable at the maturity date or when the policy is surrendered.
The review of the terminal bonus is usually held annually.
6.6.1 Terminal Bonus on Surrender

The terminal bonus payable upon surrender is projected to be such that the total surrender
value equals to the single premium multiplied by the following factor:
For Single Premium < $50,000
End of Prime Rewards Prime Rewards Prime Rewards
Year (5+10) (Series 2) (3+17) (Series 2) (5+15) (Series 2)
0 0.800000 0.800000 0.800000
1 0.950000 0.950000 0.950000
2 1.000000 1.000000 1.000000
3 1.012956 1.030913 1.012653
4 1.024828 0.958979 1.024624
5 1.044781 0.887098 1.044781
6 0.937340 0.820079 0.967408
7 0.826271 0.757265 0.895971
8 0.725844 0.693988 0.824296
9 0.624337 0.631023 0.752396
10 0.522886 0.567939 0.681229
11 0.419286 0.504327 0.610280
12 0.318561 0.440945 0.537775
13 0.215483 0.377660 0.460174
14 0.112018 0.314340 0.387955
15 0.135900 0.250858 0.306398
16 0.187087 0.228632
17 0.122901 0.155356
18 0.059835 0.081737
19 0.032177 0.040012
20 0.084100 0.099800
For Single Premium > $50,000

End of Prime Rewards Prime Rewards Prime Rewards
Year (5+10) (Series 2) (3+17) (Series 2) (5+15) (Series 2)
0 0.800000 0.800000 0.800000
1 0.950000 0.950000 0.950000
2 1.000000 1.000000 1.000000
3 1.012956 1.030913 1.012653
4 1.024828 0.955979 1.024624
5 1.044781 0.886212 1.044781
6 0.943421 0.821404 0.973045
7 0.841794 0.757808 0.899380
8 0.741101 0.694623 0.825351
9 0.639092 0.631089 0.749008
10 0.528224 0.567478 0.668515
11 0.422821 0.504451 0.593940
12 0.317581 0.440686 0.520224
13 0.212121 0.377044 0.448583
14 0.106073 0.313389 0.374666
15 0.139400 0.249591 0.302502
16 0.185523 0.230554
17 0.122695 0.158695
18 0.059553 0.086810
19 0.027997 0.036150
20 0.087100 0.103700
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insurance. Please refer to the Policy Document for the precise Terms & Conditions, including the exclusions of the insurance plan. 7
PRIME REWARDS
PRIME REWARDS
INFORMATION 2)
6.6.2 Terminal Bonus on Maturity

The terminal bonus payable upon maturity is projected to be such that the total maturity
value is equal to the single premium multiplied by the following factor:
Total Maturity Value Factors

Payment at Single Single
Plan Name end of policy Premium Premium
year < $50,000 ≥ $50,000
Prime Rewards (5+10) (Series 2) 15 0.135900 0.139400
7. POLICY VALUES
7.1 Cash Surrender Value

Cash Surrender Values are available from inception.
7.2 Automatic Premium Loan (APL)

N.A.
7.3 Reduced Paid Up Values

N.A.
7.4 Extended Term Assurance (ETA)

N.A
7.5 Policy Loan

Policy Loan will be available when the policy has a cash value. Policy loan interest rate varies in
accordance with the Company’s prevailing rate. (For Cash policies only)
8. UNDERWRITING AND ISSUANCE REQUIREMENTS
8.1 Eligibility
Singapore Citizens and Singapore Permanent Residents are eligible for the policy.
The policy can be issued to foreigners, subject to latest underwriting guidelines issued by New
Business Department
8.2 Age at Entry

Life Assured
Cash Policies SRS Policies
Min Max Min Max
Prime Rewards
70 ANB 70 ANB
(5+10) (Series 2)
Prime Rewards
1 ANB 65 ANB 22 ANB 65 ANB
(3+17) (Series 2)
Prime Rewards
65 ANB 65 ANB
(5+15) (Series 2)
8.3 Underwriting
Guaranteed issued with no medical underwriting.
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PRIME REWARDS
PRIME REWARDS
INFORMATION 2)
8.4 Policy Term
PRIME REWARDS
Plan Name Policy Term
Prime Rewards (5+10) (Series 2) 15 years
8.5 Sum Assured

Min Max
$10,500 Subject to financial underwriting
8.6 Riders allowed

No riders allowed
8.7 Financial Underwriting

Please make reference to the latest underwriting guidelines issued by New Business Underwriting.
8.8 Backdating
No Backdating is allowed.
8.9 Restrictions
All restrictions, including the issuing of the policy to housewives, juveniles and members of the
Armed Forces, are subject to the latest underwriting guidelines issued by New Business
Department.
8.10 Documents for Policy Application

The following documents should be submitted:
1. Financial Life Plan (FLP)
2. Benefits Illustration and Product Summary (BIPS)
3. Proposal Form
4. Photocopy of Policyholder’s NRIC (Singaporean/Singapore PR) or Passport (Foreigners)
5. Life Planner’s Confidential Report (LPCR)
6. Supplementary Question on Health, Occupation, Avocation and Residential Risk (if applicable)
7. Financial Questionnaire Part I and/or Part II (if applicable)
8. Evidence of Financial Documentaries (if applicable)
9. POLICY CONDITIONS
9.1 Lien Clause for Children

N.A.
9.2 Third Party

This plan can be issued as a third party policy. (For Cash policies only)
9.3 Reinstatement
Reinstatement is allowed within 3 years from the lapse date and is subject to underwriting and the
submission of all relevant documents.
Upon approval, the reinstatement will be effective from the Approval Date or Payment Date,
whichever is later and the waiting period under the policy shall apply from the Reinstatement
Effective Date. The Policyholder has to pay off the overdue premiums and policy loan (if any) with
interest once the reinstatement is approved.
9.4 Assignment of policy

There is no restriction on assignments. (For Cash policies only)
7
reproduced, in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract of 9
PRIME REWARDS
10. PREMIUMS
10.1 Premium Rates

S$1,000 per $1,050 basic sum assured for all ages and terms
Premiums rates will not vary according to age at entry, sex and smoking habit of the Life Assured.
10.2 Premium Payment Mode

Single Premium
Minimum Maximum
Single Premium Single Premium
$10,000 Subject to financial underwriting
10.3 Premium Payment Method
Plan Name Cash SRS

Prime Rewards
 
(Series 2)
10.4 Discount
No female discount, large sum assured discount and non-smoker discount.
11. GUIDE TO PRODUCT INVESTMENT RISK CLASSIFICATION / CLIENT INVESTMENT RISK

PROFILE MATCH
Client All Risk Conservative Moderately Moderately Aggressive

Investment Profiles: Conservative Aggressive
Risk Profile Conservative
Moderately
Conservative
Moderately
Aggressive
Aggressive
Product N.A. Lower Low to Medium to Higher
Investment (Pure (Generally Medium High (Generally
Risk Protection with 50% or (Generally (Generally with no
Classificati without or more capital with less than with no guarantee,
on little cash guarantee) 50% capital guarantee; higher
value) guarantee) moderate volatility)
volatility)
Prime
Rewards
(Series 2)

Prime Rewards (Series 2) is a ‘Lower’ investment risk product and is suitable for Conservative customers.
Should there be a mismatch of client risk profile versus product investment risk the Distribution
Representative should provide justification for the mismatch. Please refer to ‘Section G: Training &
Competency Requirements’.
8
reproduced,
10 in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract of
PRIME REWARDS
PRIME REWARDS
(PRODUCT (SERIES 2)
INFORMATION PACK)
12. AGENCY COMPENSATION
PRIME REWARDS
12.1 Basic Commission (as a percentage of premium)
2.5% of single premium.
12.1 Threshold Commission

The prevailing agency compensation structure that is effective on the effective date of the policy.
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reproduced, in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract 11 of
PRIME REWARDS
SECTION B: SAMPLE BENEFIT ILLUSTRATION & PRODUCT SUMMARY
Introduction
The Great Eastern Life Assurance Company Limited believes that it is important that you fully appreciate the benefits
of your policy. You should also understand how the cost of your insurance cover and the expenses of administration
and sales affect the benefits that you will receive.
The illustration that follows shows how the value of your policy and the sum that would be payable on your death
change over time. The methods used to derive the values shown follow guidelines established by the Life Insurance
Association, Singapore, to ensure that a fair and consistent approach is used in preparing this illustration.
Please note that your policy provides a combination of (1) guaranteed benefits and (2) non-guaranteed benefits in
the form of bonuses / cash dividends. The bonus rates / dividend scales used in this illustration are not guaranteed
and may vary according to the performance of the Participating Fund.
Buying a life insurance policy can be a long-term commitment. An early termination of the policy usually involves
high costs and the surrender value payable may be less than the total premiums paid.
If you need clarification please do not hesitate to ask your adviser.
Policyholder and plan details
Proposed Insured: PROSPECT Prepared by: Distribution Rep

Rep No.: 1234
Age Next Birthday: 45 Date: 05/17/2013
Sex: Male Foreigner: No
Smoker: No Resident: Yes
Plan: Prime Rewards (5 + 10) (Series 2) Plan Code: 0717
Sum Assured: $52,500 Payment by: CASH
Single Premium: $50,000.00
Policy Term: 15 years
Accumulation Period: 5 years
Payout Period: 10 years
Benefit Illustration
End Total Death Benefit
of Premiums Guaranteed Projected at 3.00% Projected at 4.50%
Policy Paid To-date (S$) investment return investment return
Year / Non- Total Non- Total
Age guaranteed (S$) guaranteed (S$)
(S$) (S$)
1/46 50,000.00 50,500 - 50,500 - 50,500
2/47 50,000.00 50,500 - 50,500 - 50,500
3/48 50,000.00 52,500 - 52,500 - 52,500
4/49 50,000.00 52,500 - 52,500 - 52,500
5/50 50,000.00 52,500 - 52,500 - 52,500
6/51 50,000.00 52,500 - 52,500 - 52,500
7/52 50,000.00 49,613 - 49,613 - 49,613
8/53 50,000.00 44,100 - 44,100 - 44,100
10
reproduced,
PRIME REWARDS
PRIME REWARDS
INFORMATION 2)
End Total Death Benefit
PRIME REWARDS
(S$) (S$)
9/54 50,000.00 38,588 - 38,588 - 38,588
10/55 50,000.00 33,075 - 33,075 - 33,075
11/56 50,000.00 27,563 - 27,563 - 27,563
12/57 50,000.00 22,050 - 22,050 - 22,050
13/58 50,000.00 16,538 - 16,538 - 16,538
14/59 50,000.00 11,025 - 11,025 - 11,025
15/60 50,000.00 5,513 532 6,045 1,457 6,970
End Total Surrender Value

(S$) (S$)
1/46 50,000.00 46,500 1,000 47,500 1,000 47,500

2/47 50,000.00 48,500 1,500 50,000 1,500 50,000
3/48 50,000.00 48,750 1,898 50,648 1,898 50,648
4/49 50,000.00 48,999 2,242 51,241 2,242 51,241
5/50 50,000.00 49,999 2,240 52,239 2,240 52,239
6/51 50,000.00 44,999 2,142 47,141 2,172 47,171
7/52 50,000.00 40,000 2,044 42,044 2,090 42,090
8/53 50,000.00 35,000 1,966 36,966 2,055 37,055
9/54 50,000.00 29,999 1,880 31,879 1,956 31,955
10/55 50,000.00 24,999 1,300 26,299 1,412 26,411
11/56 50,000.00 20,000 1,023 21,023 1,141 21,141
12/57 50,000.00 15,000 772 15,772 879 15,879
13/58 50,000.00 9,999 486 10,485 607 10,606
14/59 50,000.00 4,999 214 5,213 305 5,304
15/60 50,000.00 5,250 795 6,045 1,720 6,970
Maturity Value
15/60 50,000.00 5,250 795 6,045 1,720 6,970
Survival Benefits and Cash Bonuses are excluded in the above Surrender Values
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reproduced, in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract13 of
PRIME REWARDS
(PRODUCT PACK)
End of Total SURVIVAL CASH BONUS (Non- ANNUAL PAYOUT (S$) (Annual
Policy Premiums BENEFITS guaranteed) (S$) Payout = Survival Benefit +
Year Paid-to-Date Cash Bonus)
Guaranteed Projected at Projected at Projected at Projected at
Survival 3.00% 4.50% 3.00% 4.50%
Benefit (S$) investment investment investment investment
return return return return
1/46 50,000.00 - - - - -
2/47 50,000.00 - - - - -
3/48 50,000.00 - - - - -
4/49 50,000.00 - - - - -
5/50 50,000.00 - - - - -
6/51 50,000.00 5,250 795 1,720 6,045 6,970
7/52 50,000.00 5,250 795 1,720 6,045 6,970
8/53 50,000.00 5,250 795 1,720 6,045 6,970
9/54 50,000.00 5,250 795 1,720 6,045 6,970
10/55 50,000.00 5,250 795 1,720 6,045 6,970
11/56 50,000.00 5,250 795 1,720 6,045 6,970
12/57 50,000.00 5,250 795 1,720 6,045 6,970
13/58 50,000.00 5,250 795 1,720 6,045 6,970
14/59 50,000.00 5,250 795 1,720 6,045 6,970
15/60 50,000.00 - - - - -
What is the significance of the Projected Investment Rate of Return?
The illustrations have been prepared on two assumptions regarding the investment rate of return achieved by the
investments of the fund. The two rates 4.50% p.a. and 3.00% p.a.are used purely for illustrative purposes and do not
represent upper and lower limits on the investment performance of the Participating Fund.
The two rates shown are net of any investment expenses. Please refer to the investment expense ratio in the
Product Summary, shown for up to the last 3 years, for an indication of the actual investment expenses incurred in
managing the Participating Fund.
The higher rate does not exceed the maximum best estimate of the long-term investment rate of return (currently
4.75%), which has been set by the Life Insurance Association, Singapore.
Please note that investment performance is not the only factor that will affect the benefits that you will receive. Other
factors such as the actual level of death and disability claims on the fund and the expenses incurred will also have a
bearing upon the benefits that you will receive.
As the bonus rates (or cash dividends) used for the benefits illustrated above are not guaranteed, the actual benefits
payable will vary according to the future experience of the Participating Fund.
12
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PRIME REWARDS
What is the impact of deductions on what you might get back?
PRIME REWARDS
The following table illustrates the effect that deductions will have on the amount you get back on surrender or
maturity. It also highlights the cost of surrendering the policy early.
Table Of Deductions
End Total Deductions
of Premium Projected at 3.00% investment return Projected at 4.50% investment return
Polic Paid-to-
y Date Value of Effect of Total Value of Effect of Total
Year (Premiums Deduction Surrender (Premium Deductions Surrender
Paid less s To-date Value (S$) s Paid To-date Value (S$)
Survival (S$) less (S$)
Benefit and Survival
Cash Benefit
Bonus) To- and Cash
date (S$) Bonus)
To-date
(S$)
1/46 50,000.00 51,500 4,000 47,500 52,250 4,750 47,500
2/47 50,000.00 53,045 3,045 50,000 54,601 4,601 50,000
3/48 50,000.00 54,636 3,988 50,648 57,058 6,410 50,648
4/49 50,000.00 56,275 5,034 51,241 59,625 8,384 51,241
5/50 50,000.00 57,963 5,724 52,239 62,309 10,070 52,239
6/51 50,000.00 59,702 12,561 47,141 65,113 17,942 47,171
7/52 50,000.00 55,267 13,223 42,044 60,759 18,669 42,090
8/53 50,000.00 50,699 13,733 36,966 56,209 19,154 37,055
9/54 50,000.00 45,993 14,114 31,879 51,455 19,500 31,955
10/55 50,000.00 41,147 14,848 26,299 46,487 20,076 26,411
11/56 50,000.00 36,155 15,132 21,023 41,295 20,154 21,141
12/57 50,000.00 31,013 15,241 15,772 35,870 19,991 15,879
13/58 50,000.00 25,717 15,232 10,485 30,201 19,595 10,606
14/59 50,000.00 20,262 15,049 5,213 24,276 18,972 5,304
15/60 50,000.00 14,644 8,599 6,045 18,085 11,115 6,970
Based on a Projected Investment Rate of Return of 4.50% p.a., the total deductions would have the effect of
reducing the Projected Investment Rate of Return upon maturity to 3.26% p.a..
What do the columns in the table of deductions mean?
1. “Value of (Premiums Paid less Survival Benefit and Cash Bonus) To-date” is obtained by accumulating the
premiums paid less survival benefit and cash bonus to date at the Projected Investment Rate of Return,
assuming that you were able to invest all of your premiums less survival benefit and cash bonus without
deduction for the cost of insurance and without incurring any expenses.
2. The difference between the “Value of (Premiums Paid less Survival Benefit and Cash Bonus) To-date” and
“Total Surrender Value” represents the “Effect of Deductions To-date”. This is the accumulated value of the
deductions for the cost of insurance, distribution cost, expenses, surrender charge, expected tax payments, and
expected transfer to shareholders (for participating policies).
13
15
PRIME REWARDS
PRIME REWARDS
INFORMATION 2)
How much are you paying for distribution costs?

This table shows the total costs of distribution that the Company expects to incur in relation to your policy, including
the cost of any financial advice provided to you.
Total Distribution Cost

End of Total Premium Total Distribution
Policy Paid-to-Date Cost To-date
Year
1/46 50,000.00 2,044

2/47 50,000.00 2,044
3/48 50,000.00 2,044
4/49 50,000.00 2,044
5/50 50,000.00 2,044
6/51 50,000.00 2,044
7/52 50,000.00 2,044
8/53 50,000.00 2,044
9/54 50,000.00 2,044
10/55 50,000.00 2,044
11/56 50,000.00 2,044
12/57 50,000.00 2,044
13/58 50,000.00 2,044
14/59 50,000.00 2,044
15/60 50,000.00 2,044
What does the last column represent?
1. The Total Distribution Cost To Date is the sum of each year’s expected distribution-related costs, without
interest. Such costs include cash payments in the form of commission, costs of benefits and services paid to the
distribution channel.
2. Please note that the Total Distribution Cost is not an additional cost to you; it has already been allowed for in
calculating your premium.
3. You can obtain the Total Distribution Cost of each of the supplementary benefits (if applicable) from your
Financial Adviser or its representatives.
14
reproduced,
PRIME REWARDS
(PRODUCT REWARDS (SERIES
PRIMEINFORMATION PACK)2)
SUPPLEMENTARY BENEFIT ILLUSTRATION
Survival Benefit and Cash Bonus Accumulation (Option 3)

Proposed Insured: PROSPECT Age Next Birthday: 45
Sex: Male Foreigner: No
Smoker: No Resident: Yes
Sum Assured: $52,500
Single Premium: $50,000.00
End of Survival Projected at 3.00% investment return Projected at 4.50% investment return
Policy Benefit
Survival Cash Cash Bonus Acc. Cash Total Total Death Survival Cash Cash Bonus Acc. Cash Total Total Death
Year/ (S$)
Benefit Bonus Accumulated Bonus Surrender Benefit, Benefit Bonus Accumulated Bonus Surrender Benefit,
Age
Accumulated (S$) At 1.50% (S$) and Acc. Value, Acc. Acc. Cash Accumulated (S$) At 3.00% (S$) and Acc. Value, Acc. Acc. Cash
at 1.50%(S$) Survival Cash Bonus and at 3.00% (S$) Survival Cash Bonus Bonus and
Benefit Bonus and Acc. Benefit and Acc. Acc.
(S$) Acc. Survival (S$) Survival Survival
Survival Benefit (S$) Benefit (S$) Benefit (S$)
Benefit (S$)
1/46 0 0 - 0 0 47500 50500 0 0 0 0 47500 50500
2/47 0 0 0 0 0 50000 50500 0 0 0 0 50000 50500
3/48 0 0 0 0 0 50648 52500 0 0 0 0 50648 52500
4/49 0 0 0 0 0 51241 52500 0 0 0 0 51241 52500
5/50 0 0 0 0 0 52239 52500 0 0 0 0 52239 52500
6/51 5250 5250 795 795 6045 53186 58545 5250 1720 1720 6970 54141 59470
7/52 5250 10578 795 1601 12179 54223 61792 10657 1720 3491 14148 56238 63761
8/53 5250 15987 795 2420 18407 55373 62507 16227 1720 5316 21543 58598 65643
9/54 5250 21477 795 3252 24729 56608 63317 21964 1720 7195 29159 61114 67747
10/55 5250 27049 795 4096 31145 57444 64220 27872 1720 9131 37003 63414 70078
11/56 5250 32705 795 4952 37657 58680 65220 33959 1720 11125 45084 66225 72647
12/57 5250 38445 795 5821 44266 60038 66316 40227 1720 13179 53406 69285 75456
13/58 5250 44272 795 6704 50976 61461 67514 46684 1720 15294 61978 72584 78516
14/59 5250 50186 795 7599 57785 62998 68810 53335 1720 17473 70808 76112 81833
15/60 0 50939 0 7713 58652 64697 64697 54935 0 17998 72933 79903 79903
17 15
Information accurate at time of print on 1 July 2013. This information is confidential and is strictly for internal circulation only and is not to be reproduced, in whole or part, for public / external distribution to
Information
Policyholders time of print
accurateoratprospects on 1 July
for whatever 2013. This
purposes. Thisinformation is confidential
is not a contract and
of insurance. is strictly
Please refer for internal
to the Policycirculation
Document only and
for the precise
is notTerms
to be&reproduced,
Conditions, including
in wholethe part, for public
or exclusions external distribution
of the/insurance plan. to
Policyholders or prospects for whatever purposes. This is not a contract of insurance. Please refer to the Policy Document for the precise Terms & Conditions, including the exclusions of the insurance plan.
PRIME REWARDS
PRIME REWARDS
PRIME REWARDS
INFORMATION 2)
Note:
1. This is only a supplementary illustration and must be read in conjunction with the main illustration.
2. The accumulation interest rates of the Survival Benefits and Cash Bonuses in the above illustration are 1.50% p.a.
and 3.00% p.a., respectively. The current accumulation interest rate is 3.00% p.a. This rate is not guaranteed and
can be changed from time to time. Please note that Withholding Tax (applicable if the beneficiary is a Non-Resident)
will be deducted from the interest earned for any amount left on deposit with the Company.
16
18
PRIME REWARDS
PRIME REWARDS
INFORMATION 2)
PRIME REWARDS (SERIES 2) (PRODUCT SUMMARY)
PRIME REWARDS
1. Provider of the Plan
The Great Eastern Life Assurance Company Limited

1 Pickering Street #13-01 Great Eastern Centre Singapore 048659
2. Nature and Objective of the Plan
This is a single premium participating endowment plan. This plan provides financial protection against death or total
and permanent disability during the policy term. In addition, this plan also provides an annual payout, payable
annually from the end of policy year as illustrated below until maturity.
(a) For Prime Rewards (5+10) (Series 2),

Accumulation Period means a period of 5 policy years commencing from the Commencement Date.
Payout Period means a period of 10 policy years commencing immediately after the expiry of the Accumulation Period.
(b) For Prime Rewards (3+17) (Series 2),

(c) For Prime Rewards (5+15) (Series 2),

Accumulation Annual Payouts due at the end of

Period Policy Year
(a) 15 5 10 6 - 14
(b) 20 3 17 4 - 19
(c) 20 5 15 6 - 19
It also allows you to participate in the performance of the Participating Fund in the form of bonuses that are not
guaranteed.
The objective of the plan is to provide insurance protection together with stable medium- to long–term returns via a
combination of guaranteed benefits and non-guaranteed bonuses.
3. Benefits under the Plan
3.1 Death Benefit
Upon death of the life assured, the following will be payable:
(i) During Accumulation Period:

(a) During the first two policy years, the higher of the following:
- 101% of Single Premium;
- the surrender value of the policy,
less any policy loan or debt.
(b) After the first two policy years, the higher of the following:
- 105% of Single Premium; or
17
PRIME REWARDS
(ii) During Payout Period:

The higher of the following:
(a) 105% of either:
- the Single Premium; or
- the total of the remaining unpaid Survival Benefits plus the Maturity Benefit,
whichever is lower; or
(b) the surrender value of the policy,

However, if the life assured’s age at entry exceeds 60 next birthday, the following death benefit will be payable
instead:
(i) During Accumulation Period:

- 101% of Single Premium; or
(ii) During Payout Period:

(a) 101% of either:
- the Single Premium; or
- the total of the remaining unpaid Survival Benefits plus the Maturity Benefit,
(b) the surrender value of the policy,

3.2 Total and Permanent Disability (TPD) Benefit
(Subject to a maximum Sum Assured of S$2,000,000 on any policies or riders issued by the Company on the same
life assured)
If the life assured suffers from TPD before the policy anniversary preceding his 65th birthday, the death benefit will
be payable in one lump sum and the policy will terminate.
The condition that the life assured’s disability must occur before the policy anniversary preceding his 65th birthday is
not applicable for the presumptive TPD, which is covered until the end of the policy term. Presumptive TPD is
described as a condition where the life assured suffers from such a state of incapacity which is total and permanent
and which takes in the form of:
(a) total and irrecoverable loss of sight in both eyes, or

(b) total and irrecoverable loss of the use of two limbs at or above the wrist or ankle; or
(c) total and irrecoverable loss of the sight in one eye and total and irrecoverable loss of the use of one limb at or
above the wrist or ankle.
18
20
PRIME REWARDS
(PRODUCT INFORMATION
PACK)
3.3 Survival Benefit
PRIME REWARDS
Survival Benefit, which forms part of the annual payout, is guaranteed and will be payable (according to the following
schedule) on survival of the life assured.
Policy Accumulation Payout Annual Payouts due at Percentage of

Term Period Period the end of Policy Year Single Premium
(a) 15 5 10 6 - 14 10.5
(b) 20 3 17 4 - 19 6.5
(c) 20 5 15 6 - 19 7.5
If there is any loan taken from the Policy at the time the Survival Benefit is payable, the indebtedness will be offset
against that Survival Benefit and only the balance will be paid.
3.4 Surrender Value
Surrender values will be available after the single premium has been paid.
At present, loans may be taken on the security of the policy, provided that the premiums are paid in cash monies.
3.5 Maturity Benefit
A maturity benefit (according to the following schedule) plus attaching bonus, if any, will be payable at the end of the
policy term.
Accumulation Percentage of Single

Period Premium
(a) 15 5 10 10.5
(b) 20 3 17 6.5
(c) 20 5 15 7.5
3.6 Bonuses
This plan provides guaranteed and non-guaranteed benefits. The guaranteed benefits will be paid regardless of the
performance of the Participating Fund. Non-Guaranteed benefits are in the form of future bonuses.
The future bonuses which have yet to be declared are not guaranteed and the company will decide the level of
bonus to be declared each year as approved by the board of directors, taking into account the written
recommendation by the appointed actuary.
There are two main types of bonuses, cash bonus and terminal bonus.
3.6.1 Cash Bonus
Cash bonus, which forms part of the annual payout, is determined annually. Once declared, the cash bonus will be
guaranteed.
Please refer to the Cash Bonus table in the Benefit Illustration for the cash bonuses payable.
3.6.2 Terminal Bonus
The terminal bonus on surrender or maturity is payable such that the total surrender benefits or maturity benefits is
as illustrated in the benefit illustration.
Terminal bonus is a one-time bonus payable at the maturity date or when the policy is surrendered. The review of
the terminal bonus is usually held annually.
19
insurance. Please refer to the Policy Document for the precise Terms & Conditions, including the exclusions of the insurance plan. 21
PRIME REWARDS
PRIME REWARDS
INFORMATION 2)
4. Investments of Assets
The Participating Fund seeks to achieve the projected investment rate of return while controlling risks. The fund
does so through active management of a mix of asset classes. Diversification is employed through investing
primarily in equities, fixed income and alternative asset classes.
While the Company partly manages the assets of the Participating Fund, Lion Global Investors Ltd has been
appointed to primarily manage the assets.
Lion Global Investors Ltd

65 Chulia Street, OCBC Centre #18-01, Singapore 049513
The strategic asset allocation for the year 2012 and actual investment mix of the Participating Fund as at 31 Dec
2012 is as follows:
Asset Class Strategic Allocation Actual Allocation

Equities 24% 26%
Bonds 59% 49%
Land & Buildings 10% 8%
Loans 5% 6%
Cash & Equivalent 2% 9%
Others 0% 2%
Total Assets 100% 100%
The investment returns and investment expense ratio over the past 3 years were as follows:
Year Investment Return* Investment Expense

Ratio#
2010 6.58% 0.20%
2011 1.54% 0.21%
2012 9.76% 0.22%
* This investment return is shown net of any investment expenses incurred in managing the Participating Fund.
#
Investment expense ratio is defined as the costs incurred in investment (which includes investment fees paid to
fund managers for providing management services of the Participating Fund) expressed as a percentage of the size
of funds under management.
Please note that past performance is not necessarily indicative of future performance.
5. Types of Risks Affecting the Level of Bonuses
The level of the bonus depends on the performance of the Participating Fund.
Key factors affecting the performance of the Participating Fund are:

 investment returns;
 expenses incurred or allocated to the Participating Fund;
 the amount of death and sickness claims paid out on policies in the Participating Fund;
 the numbers of surrenders of the policies in the Participating Fund.
The Company will determine the level of bonuses taking into account the current performance, the future outlook as
well as the financial soundness of the Participating Fund.
20
22
PRIME REWARDS
PRIME REWARDS
(PRODUCT (SERIES PACK)
INFORMATION 2)
6. Sharing of Risks
PRIME REWARDS
Your premiums, along with those of other participating policies will be combined in one pool of assets in the
Participating Fund.
The surrender risks are pooled and shared by all policies in the Participating Fund which include both single and
regular premium plans. The investment risks borne by your plan will be shared with other participating plans. Other
risks may be shared among products that have the same features. Examples of such risks include expense risks,
mortality risks and morbidity risks.
In determining the level of bonuses that can be supported, the assets available to back the plan will be derived by
accumulating the premiums paid at the actual rate of investment return less the expenses incurred, cost of
insurance, commissions paid and other costs that may be incurred in managing the Participating Fund.
7. Smoothing of Bonuses
Bonuses are smoothed to ensure a stable medium- to long-term return on your policy. As a result, bonuses may be
held back in good years to support the maintenance of the bonus in years when experience is less favourable.
However, the effect of smoothing is intended to be neutral over time and across generations of policyholders.
The short-term investment performance of the Participating Fund may be volatile and may affect the return to
policies with short maturity term. Hence, additional smoothing would be carried out for the short-term policies with
the aim of achieving a stable return on the policy.
Cash Bonus
The Company’s bonus distribution policy is to keep the cash bonus at a level that is expected to be sustainable over
the medium- to long-term. Thus, whilst the cash bonus is reviewed annually, it is not expected to fluctuate much from
year to year. Nevertheless, there may be significant adjustments under exceptional circumstances.
The historical cash bonus rates declared for this plan over the past three years are not available yet.
Terminal Bonus
The terminal bonus is usually reviewed annually. In exceptional circumstances, the review may be more frequent.
The terminal bonus is more likely to change from year to year but the Company’s policy is to limit the yearly variation
so that, under normal circumstances, the payout will not be subject to large fluctuations over the short term.
The historical terminal bonus rates declared on maturity or surrender for this plan over the past three years are not
available yet.
Please note that past performance is not necessarily indicative of future performance.
21
PRIME REWARDS
PRIME REWARDS
INFORMATION 2)
8. Fees and Charges
This plan shares in the experience of the Participating Fund. This means that all expenses and charges relating to
the operation and management of the Participating Fund, as well as all sales related expenses can be charged to
the policy according to the risk-sharing rules described in Section 6.
Examples of such expenses include:

 commission fees paid to agents or intermediaries;
 fees paid to fund managers for providing investment management services to the Participating Fund;
 mortality (death), morbidity (sickness), termination costs;
 management fees.
Please refer to the Table of Deductions in the Benefit Illustration for more information.
Please note that fees and charges have been included in the calculation of the premium and will not be
separately charged to the policyholder.
9. Adjustments in Premium Rates
N.A.
10. Exclusions
There are certain conditions whereby the benefits under this plan will not be payable. These are stated as exclusions
in the contract. The following is a list of some of the exclusions for this plan:
10.1 Death Benefit
If the life assured dies by suicide, while sane or insane, within one year from the date of issue of the policy or from
the date of reinstatement, whichever is later, the policy will be rendered void and the Company will refund all
premiums paid to the policyholder or to the legal personal representative of the estate of the policyholder if the
policyholder and the life assured are the same person regardless of any assignment of the policy.
10.2 TPD Benefit
Payment of the disability benefit will not be made for TPD resulting from:
(a) self-inflicted injury, while sane or insane;
(b) bodily injury sustained while in or on an aircraft other than
(i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by
a regular airline on a scheduled route or
(ii) as a member of the armed forces traveling as a passenger in a military transport aircraft; or
(c) any physical or health impairment or disease which existed but was not disclosed to the Company at the date of
issue of the policy or at the date of any reinstatement.
10.3 Pre-existing Condition
If the life assured dies due to a Pre-Existing Condition within 12 months from the date of commencement of the
policy or from the date of reinstatement, the policy will be terminated and the Company will refund all premiums paid
for the policy less any cash loans or automatic premium loan under the policy (if any).
11. Impact of Early Surrender
Buying a life insurance policy can be a long-term commitment. An early termination of the policy usually involves
high costs and the surrender value may be less than the total premium paid.
Please refer to the Table of Deductions in the Benefit Illustration for the potential cost of surrendering the plan early.
22
24
PRIME REWARDS
PRIME REWARDS
(PRODUCT (SERIES PACK)
INFORMATION 2)
12. Update on Performance
PRIME REWARDS
You will receive an Annual Bonus Update that will include information about:
 a report of the performance of the Participating Fund and its future outlook.
You may expect to receive this information in April or May each year.
When there is a change in the rate of bonuses declared, you can request for an update of the projected total
maturity value.
13. Conflict of Interests
The board of directors is responsible for the interests of all stakeholders of the Company, including its Participating
Fund policyholders. It has put in place internal controls in the following areas where potential conflicts may arise:
 expenses allocated to the Participating Fund out of the total expenses incurred by the Company;
 the investment strategy of the Participating Fund.
These controls are in place to ensure that any conflicts of interest are managed so that the impact on the
Participating Fund policyholder’s benefits in aggregate is negligible.
14. Related Party Transactions
Our primary manager of the Participating Fund, Lion Global Investors Ltd, is a related party to the Company. All
transactions with the related parties will be approved by relevant internal committee to ensure that transactions are
done at arm’s length.
15. Risks
15.1 Early surrender of policy
If you cancel your policy within the free-look period i.e. 14 days from receiving your policy document, you will get a
refund of your premiums paid less any medical fees.
If you surrender your policy after the free-look period, you may lose all or part of the premiums paid as the surrender
value payable, if any, may be less than the total premiums paid.
Purchasing a new policy may require underwriting and may result in higher premiums and/or benefits exclusions due
to your age and health status at the point of re-application.
15.2 The worst case scenario for early surrender of policy
If you surrender your policy early, you will lose the protection that your policy provides and you will also lose all or
part of your premiums. The projected amount you will receive is reflected in the surrender value column in the
benefit illustration.
15.3 Risks pertaining to policy lapse
You will lose the protection and any other benefits that your policy provides.
23
PRIME REWARDS
15.4 Risks that the claim will be rejected
Definitions of the events covered as per contract must be met before a claim can be approved and these events
must not fall under the list of exclusions.
Pre-existing conditions that were not disclosed where required in the proposal form for new policy or reinstatement
or increase in Sum Assured (if applicable) may result in your claim being rejected.
You are advised to read the contract for the exact definitions, terms and conditions and full list of exclusions.
15.5 Risks involved in buying a participating single premium endowment plan
There will be no protection after the expiry of the plan. When this plan expires and if you purchase a new one,
underwriting may be required which may result in higher premiums and/or benefit exclusions due to your age and
health status at point of re-application.
This plan provides guaranteed and non-guaranteed benefits. The guaranteed benefits will be paid regardless of the
performance of the Participating Fund. Non-guaranteed benefits are dependent on the performance of the
Participating Fund.
15.6 Bonus payment after policy is surrendered
You will receive the applicable terminal bonus upon surrender (if any).
16. Free Look Period
The policy may be cancelled by written request to the Company within 14 days after the policyholder has received
the policy document in which case premiums paid less medical fees (if applicable) incurred in assessing the risk
under the policy will be refunded.
If the policy document is sent by post, it is deemed to have been delivered and received in the ordinary course of the
post 7 days after the date of posting.
17. If Payment is through Supplementary Retirement Scheme
When you invest in this plan using funds from your Supplementary Retirement Scheme (SRS), the plan will be
managed in compliance with the SRS regulations as amended from time to time. If the terms and conditions are
inconsistent with those regulations, then the regulations shall prevail.
18. Policy Owners’ Protection Scheme
This plan is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit
Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For
more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where
applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or
www.sdic.org.sg).
19. General Information
This summary is meant for general information only. It does not serve as an insurance contract. The precise terms
and conditions of this insurance plan are specified in the policy.
You may obtain a copy of the “Your Guide to Participating Policies” from the website www.lia.org.sg or request for
hardcopies from the Company.
24
reproduced,
PRIME REWARDS
PART II: SAMPLE POLICY CONTRACT AND ENDORSEMENT
PRIME REWARDS
(1) Terms & Conditions for Life Insurance Contract
Clauses
1. Varying of this Contract of Insurance
1.1 This Policy may only be varied if the Company consents in writing. The Policyholder’s and the Life Assured’s
statements made when applying for this Policy will be taken to be representations and not warranties, unless
there is fraud. Any subsequent endorsement made by the Company will take effect from the date of the
endorsement.
1.2 The Company may from time to time determine the manner in which this Policy is varied by way of an
endorsement to the Policy document.
2. Residence, Occupation and Travel
This Policy is free from restrictions as regards to residence, occupation and travel.
3. Free Look
3.1 This Policy may be cancelled by written request to the Company within 14 days after the Policyholder
receives this Policy document in which case premiums paid less medical fees incurred in assessing the risk
under this Policy will be refunded.
3.2 If this Policy document is sent by post, it is deemed to have been delivered and received in the ordinary
course of the post 7 days after the date of posting.
4. Indisputability
The Company will not dispute the validity of this Policy during the lifetime of the Life Assured after one year from the
date of issue, or date of reinstatement of this Policy, whichever is later, unless there is fraud or non-payment of
premiums.
5. Premiums
The Policyholder has to pay the single premium on or before the due date.
6. Confirmation of Age
6.1 The Policyholder must prove the date of birth of the Life Assured to the Company before the Company is
required to pay any benefit under this Policy.
6.2 If the Life Assured’s age is understated, the Company will pay the sum assured that the premium paid would
have bought according to the rate at the actual age, and not the sum assured stated in the Schedule. If the
Life Assured’s age is overstated, the Company will refund any excess of premium paid.
7. Surrender Value
7.1 After the single premium has been paid, the Policy will acquire a surrender value and the Company will pay
the surrender value to the Policyholder if he surrenders this Policy.
7.2 If the Policyholder owes a debt under the Policy, this sum will be deducted from the surrender value and the
Company will pay the balance sum.
8. Loans
8.1 After the single premium has been paid, the Policyholder may apply to the Company for cash loans which the
Company may grant to the Policyholder, the amount of which will be quoted by the Company on application
by the Policyholder.
8.2 The Company will charge interest on the above loan amount(s) at interest rates to be determined by the
Company from time to time. Any unpaid interest will form part of the loan so long as the surrender value of
this Policy allows. This Policy will lapse if the total loan amount owed is more than the surrender value of this
Policy.
8.3 Any loan or any part of any loan may be repaid while this Policy is in force.
25
Information accurate at time of print on 1 July 2013. This information is confidential and is strictly for internal circulation only and is not to be reproduced,
in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract of insurance. Please refer to
the Policy Document for the precise Terms & Conditions, including the exclusions of the insurance plan. 27
PRIME REWARDS
8.4 Any outstanding loan under this Policy is a first charge against this Policy until it is repaid. If there is a claim
under this Policy, any sum owed will be deducted from the claim proceeds before payment is made.
9. Suicide
If the Life Assured dies by suicide, while sane or insane, within one year from the date of issue of this Policy or from
the date of any reinstatement, whichever is later, this Policy will be rendered void and the Company will refund all
premiums paid to the Policyholder or to the legal personal representative of the estate of the Policyholder if the
Policyholder and the Life Assured are the same person regardless of any assignment of this Policy.
10. Reinstatement
If this Policy lapses because the indebtedness under the Policy is more than the Surrender Value, the Policyholder
may reinstate it within 3 years from the date of lapsing, at the option of the Company, subject to the following
conditions:
(a) the Policyholder gives evidence of insurability satisfactory to the Company and if any medical reports or tests are
required by the Company, the Policyholder will have to pay for these medical reports and tests;
(b) the Policyholder has to inform the Company of any change in the health of the Life Assured or any circumstances
that may affect the health of the Life Assured up to the date of reinstatement of this Policy; and
(c) the Policyholder makes full repayment of all loans due to the Company with accumulated interest, including any
other interest if any, charged by the Company.
11. Notice of Assignment
A written notice of assignment or charge on this Policy only binds the Company, if it is delivered to the Company at its
head office or its branch offices. The Company is not responsible for the validity of any assignment or charge by just
acknowledging the notice.
12. Notices and Correspondence
12.1 Any request, notice, instruction or correspondence required under this Policy whether to the Company or the
Policyholder has to be in writing and will be delivered personally or sent by courier, or by post, or facsimile
transmission or electronic mail addressed to the addressee or by any other means as approved or adopted or
accepted by the Company. For the Policyholder, the mailing address is that stated in the proposal or any
other address that the Policyholder has informed the Company in writing.
12.2 The Company’s notice, request, instruction or correspondence is presumed to be received:
(a) in the case of a letter, on the 7th day after posting if posted locally, and on the 14th day after posting, if
posted overseas;
(b) in the case of personal delivery or delivery by courier, on the day of delivery;
(c) in the case of a facsimile transmission or electronic mail, on the business day immediately following the
day of dispatch; or
(d) in the case of other means as approved, adopted or accepted by the Company, on the day that the
Company decides is reasonable to receive the notice, request, instruction or correspondence.
13. Governing Law
This Policy will be governed by the laws of Singapore and the Courts of Singapore have exclusive jurisdiction for any
disputes arising out of this Policy.
14. Exclusion of the Contracts (Rights of Third Parties) Act Cap. 53B
A person who is not a party to this Policy shall have no right under the Contracts (Rights of Third Parties) Act Cap.
53B to enforce any of its terms.
------------------------------------------------------------------ End of page ------------------------------------------------------
26
28
the Policy Document for the precise Terms & Conditions, including the exclusions of the insurance plan.
PRIME REWARDS
(2) Contract wording for Prime Rewards (5+10) (Series 2)
PRIME REWARDS
GREAT EASTERN LIFE
Prime Rewards (5+10) (Series 2)
ENDORSEMENT NO. 582 (5AE10)
1. DEFINITIONS
“Date of Commencement” refers to the Date of Commencement shown in the Schedule to the Policy.
“Accumulation Period” means a period of 5 policy years commencing from the Date of Commencement.
“Pre-existing Condition” means a condition for which prior to the commencement of the Policy or date of
reinstatement of the Policy:
a) symptoms existed that would cause an ordinarily prudent person to seek diagnosis, care or treatment; or
b) medical advice or treatment was recommended by or received from a legally qualified physician.
“Maturity Benefit” means the maturity benefit described in clause 2.2.2.
“Payout Period” means a period of 10 policy years commencing immediately after the expiry of the Accumulation
period.
“Single Premium” refers to the Basic Life Premium shown in the Schedule of the Policy.
“Sum Assured” refers to the Basic Sum Assured set out in the Schedule of the Policy.
“Survival Benefit” or “Survival Benefits” means the survival benefit described in clause 2.2.1.
2. BENEFITS
Notwithstanding anything in the Policy to the contrary and subject to the clauses in this Endorsement, the Company
will pay the following benefits:
2.1 Death Benefit
2.1.1 Death During Accumulation Period
2.1.1.1 If the Life Assured dies during the first two policy years of the Accumulation Period, the Company
will pay the higher of the following amounts:
(a) 101% of Single Premium; or
(b) the surrender value of the Policy,
less any cash loan under the Policy.
2.1.1.2 If the Life Assured dies after the first two policy years of the Accumulation Period, the Company
27
29
PRIME REWARDS
2.1.2 Death During Payout Period

If the Life Assured dies during the Payout Period, the Company will pay the higher of the following
amounts:
(a) 105% of either:
(i) the Single Premium;
or
(ii) the total of the remaining unpaid Survival Benefits plus the Maturity Benefit,
2.2 Survival Benefits/ Maturity Benefit
2.2.1 The Company will pay an amount equal to 10.5% of the Single Premium on survival of the Life Assured
th
to end of each policy year during the Payout Period, with the first payment to be made in the 6 policy
th
year from the Date of Commencement until the last payment in the 14 policy year from the Date of
Commencement.
th
2.2.2 On survival of the Life Assured to the 15 policy anniversary of the Date of Commencement, the
Company will pay a maturity benefit of an amount equal to 10.5% of the Single Premium plus any
bonuses.
2.2.3 When the Survival Benefit or Maturity Benefit is payable, any cash loan attached to the Policy will be
deducted from the Survival Benefit or Maturity Benefit.
2.3 Cash Bonus
2.3.1 The Policy is allowed to share in the Company’s profits in the form of cash bonuses. Such cash bonuses
are not guaranteed (which may amount to zero).
th
2.3.2 The cash bonuses declared by the Company for the 6 policy year and subsequent years will take effect
and only be payable at the end of each policy year.
2.3.3 Such cash bonuses are only payable after the Policy has been in force for 5 full policy years.
2.4 Terminal Bonus
2.4.1 If the Policy is surrendered or matured, the Company may pay a terminal bonus. Such terminal bonus is
not guaranteed (which may amount to zero).
2.4.2 The amount of such terminal bonus payable, will be determined by the Company at its absolute
discretion.
3. TERMINATION
3.1 The Policy will terminate if a claim under clause 2.1 is admitted or when the Maturity Benefit under clause 2.2.2 is
paid.
3.2 If the Life Assured dies due to a Pre-Existing Condition within 12 months from the Date of Commencement or
date of reinstatement of this Policy, the Policy will be terminated and the Company will refund all premiums paid
for the Policy less any cash loans or automatic premium loan under the Policy (if any).
3.3 The Endorsement is cancelled if the Policy is surrendered or otherwise terminated.
---------------------------------------------------------------------- End of page -----------------------------------------------------
28
30
PRIME REWARDS
PRIME REWARDS
GREAT EASTERN LIFE
1. DEFINITIONS
period.
2. BENEFITS
2.1 Death Benefit
29
PRIME REWARDS

amounts:
(a) 105% of either:
or
2.2.1 The Company will pay an amount equal to 6.5% of the Single Premium on survival of the Life Assured to
th
end of each policy year during the Payout Period, with the first payment to be made in the 4 policy year
th
from the Date of Commencement until the last payment in the 19 policy year from the Date of
Commencement.
th
bonuses.
2.3 Cash Bonus
th
2.4 Terminal Bonus
discretion.
3. TERMINATION
paid.
---------------------------------------------------------------------- End of page -----------------------------------------------------
30
32
PRIME REWARDS
PRIME REWARDS
GREAT EASTERN LIFE
1. DEFINITIONS
period.
2. BENEFITS
2.1 Death Benefit
31
in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract of insurance. Please refer33 to
PRIME REWARDS

amounts:
(a) 105% of either:
or
th
th
Commencement.
th
bonuses.
2.3 Cash Bonus
th
2.4 Terminal Bonus
discretion.
3. TERMINATION
paid.
---------------------------------------------------------------------- End of page -----------------------------------------------------
32
34
PRIME REWARDS
(5) Contract Wording for Prime Rewards (5+10) (Series 2) – Old Age Lien
PRIME REWARDS
GREAT EASTERN LIFE
Prime Rewards (5+10) (Series 2) – Old Age Lien
ENDORSEMENT NO. 585 (OA-SPE)
1. DEFINITIONS
period.
2. BENEFITS
2.1 Death Benefit
If the Life Assured dies during the Accumulation Period, the Company will pay the higher of the following
amounts:
amounts:
(a) 101% of either:
or
33
in whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract of insurance. Please refer35 to
PRIME REWARDS

2.2.1 The Company will pay an amount equal to 10.5% of the Single Premium on survival of the Life Assured
th
to end of each policy year during the Payout Period, with the first payment to be made in the 6 policy
th
year from the Date of Commencement until the last payment in the 14 policy year from the Date of
Commencement.
th
bonuses.
2.3 Cash Bonus
th
2.4 Terminal Bonus
discretion.
3. TERMINATION
paid.
---------------------------------------------------------------------- End of page -----------------------------------------------------
34
36 Policy Document for the precise Terms & Conditions, including the exclusions of the insurance plan.
the
PRIME REWARDS
PRIME REWARDS
GREAT EASTERN LIFE
ENDORSEMENT NO. 652 (OA-SPE2)
1. DEFINITIONS
period.
2. BENEFITS
2.1 Death Benefit
amounts:
amounts:
(a) 101% of either:
or
35
PRIME REWARDS

th
th
Commencement.
th
bonuses.
2.3 Cash Bonus
th
2.4 Terminal Bonus
discretion.
3. TERMINATION
paid.
---------------------------------------------------------------------- End of page -----------------------------------------------------
36
38
PRIME REWARDS
PRIME REWARDS
GREAT EASTERN LIFE
ENDORSEMENT NO. 653 (OA-SPE3)
1. DEFINITIONS
period.
2 BENEFITS
2.1 Death Benefit
amounts:
amounts:
(a) 101% of either:
or
37
39
PRIME REWARDS

th
th
Commencement.
th
bonuses.
2.3 Cash Bonus
th
2.4 Terminal Bonus
discretion.
3 TERMINATION
paid.
---------------------------------------------------------------------- End of page -------------------------------------------------
38
40
PRIME REWARDS
(8) Total & Permanent Disability Benefit Endorsement
PRIME REWARDS
Endorsement No. 584 (TPD-AE)
GREAT EASTERN LIFE
ENDORSEMENT NO. 584 (TPD-AE)
TOTAL AND PERMANENT DISABILITY BENEFIT
1 DEFINITIONS
“Disability benefit” means the amount that would have been payable had the Life Assured died on the day he
became totally and permanently disabled as defined in clause 3.
“Medical Practitioner” means a surgeon or physician qualified by degree in Western Medicine, who is legally and
duly qualified to practise medicine and surgery and authorised in the geographical area of his practice.
“Policy Anniversary” refers to any anniversary of the Date of Commencement.
“TPD” means such total and permanent disability as defined in clause 3 below.
“Pre-Existing TPD” means the Life Assured suffering from TPD prior to the commencement of this insurance or date
of any reinstatement of the Policy.
2 BENEFITS
While the Policy is in force, if the Life Assured suffers from TPD, the Company will pay the Disability Benefit in one
lump sum and the Policy will terminate, subject to the following conditions:
(a) The Life Assured’s disability under clause 3.1 (a) must occur before the Policy anniversary on which his age next
birthday is 65 years.
(b) All cash loan(s) (if any) will be deducted from the Disability Benefit before the balance amount is paid.
(c) The total amount of the sum assured for the payment of the Disability Benefit to be made by the Company is
limited to SGD 2,000,000 under this and all policies and riders issued by the Company on the same Life Assured,
giving similar benefits.
(d) The definition of TPD sub-clause 3.2 only applies when the Life Assured is 15 years old or less at the time he
suffers from the TPD, otherwise the definition of TPD in sub-clause 3.1 will apply.
3 DEFINITION OF TOTAL AND PERMANENT DISABILITY

3.1 Applicable when the Life Assured is more than 15 years old
The disability is total and permanent only if the Life Assured suffers from a state of incapacity which is total and
permanent and:
(a) which is such that there is not at that time, nor at any time thereafter, any work, occupation or profession
which the Life Assured can ever perform or follow sufficiently to earn or obtain any wage, remuneration or
profit; or
(b) which takes the form of:
(i) total and irrecoverable loss of sight in both eyes; or
(ii) total and irrecoverable loss of the use of two limbs at or above the wrist or ankle; or
(iii) total and irrecoverable loss of the sight in one eye and total and irrecoverable loss of the use of one limb
at or above the wrist or ankle.
39
41
PRIME REWARDS
3.2 Applicable when the Life Assured is 15 years old or less

The disability is total and permanent only if the Life Assured suffers from a state of incapacity which is total and
permanent and:
(a) which is such that the Life Assured has been confined to a home, hospital or other institution requiring
constant care and medical attention for at least 6 consecutive months; or
(b) which takes the form of:
(i) total and irrecoverable loss of sight in both eyes; or
(ii) total and irrecoverable loss of the use of two limbs at or above the wrist or ankle; or
(iii) total and irrecoverable loss of the sight in one eye and total and irrecoverable loss of the use of one limb
at or above the wrist or ankle.
4 EXCEPTIONS
The payment of the Disability Benefit will not be made for:
(a) TPD resulting from self-inflicted injury, while sane or insane;
(b) TPD resulting from bodily injury sustained while in or on an aircraft other than
(i) as a fare-paying passenger or a crew member on an aircraft licensed for passenger service and operated by
a regular airline on a scheduled route or
(ii) as a member of the armed forces travelling as a passenger in a military transport aircraft;
(c) any Pre-Existing TPD.
5 CONDITIONS
5.1 The Policyholder must notify the Company in writing of any claim as soon as it is practicable. In any case, the
Policyholder must produce satisfactory proof of the TPD on forms furnished by the Company within six months
from the Date of Commencement of the TPD.
5.2 If required by the Company, the Life Assured must undergo medical examination by a Medical Practitioner
appointed by the Company in connection with the alleged TPD.
5.3 The Company will not be liable if there is a failure to comply with any of the above conditions.
5.4 All valid claims under this Endorsement will extinguish:
(a) all Supplementary Contracts not forming part of the Policy; and
(b) other rights and options, values and benefits under the Policy, including benefits payable on survival of the
Life Assured.
5.5 If there is a claim under this Endorsement, the Company will not refund any part of the Basic Life Premium which
has been paid.
6 CANCELLATION
This Endorsement is cancelled if the Policy lapses or is surrendered or is otherwise terminated.
---------------------------------------------------------------------- End of page --------------------------------------------------
40
42
PRIME REWARDS
(9) Surrender Values
PRIME REWARDS
Endorsement No. 586 (GSVSPAE)
GREAT EASTERN LIFE
ENDORSEMENT NO. 586 (GSVSPAE)
SURRENDER VALUES
(PLAN: __)
1 The surrender values referred to in Clause 7 of the Policy are shown in the table below, which do not include
bonuses.
2 In the table below, Policy Year “1” starts on the Date of Commencement shown in the Schedule to the Policy and
ends on the day before the first anniversary of the Date of Commencement; a subsequent policy year will start on an
anniversary of the Date of Commencement and end on the day before the next anniversary.
Surrender Values Per S$ 1,000 Basic Sum Assured

(based on age at entry __ years next birthday)
--------------------------------------------------------------------- End of page ---------------------------------------------------
41
43
PRIME REWARDS
(10) Supplementary Retirement Scheme (SRS)

Endorsement No. 341 (SRSSPE)
GREAT EASTERN LIFE

Supplementary Retirement Scheme (SRS)
ENDORSEMENT NO. 341 (SRSSPE)

1 Definitions
“Scheme” refers to the Supplementary Retirement Scheme under the Ministry of Finance.
“Operator” refers to any of the banks permitted under the Scheme to open and maintain an SRS Account as defined below, by the
Policyholder.
“SRS Account” refers to an account opened with an Operator by the Policyholder who wishes to make contributions under the
Scheme and from which the single premium was paid.
2 Certain Clauses of the Policy Deemed to be cancelled
The following clauses of the Policy are cancelled and are replaced by the clauses in clause 3 below:
(a) the clause under the heading, “Surrender Value”;
(b) the clause under the heading, “Reinstatement”;
(c) the clause under the heading, “Notice of Assignment”;
(d) the clause under the heading, “Free Look”; and
(e) the clause under the heading, “Loans”.
3 New Clauses
If the following replacement clauses for the clauses cancelled in clause 2 above are inconsistent with anything in the Policy and
endorsements, then these new clauses will prevail:
3.1 Surrender Value
3.1.1 After the single premium has been paid, this Policy will acquire a surrender value and the Company will pay the
surrender value to the SRS Account if the Policyholder surrenders this Policy.
3.1.2 If the Policyholder owes a debt under the Policy, this sum will be deducted from the surrender value and the
Company will pay the balance sum.
3.2 Non-Assignment of Policy
This Policy is not assignable and the Company will not be bound by any assignment or mortgage of or charge on this Policy.
3.3 Free Look
Within 14 days after receiving the Policy document, the Policyholder can cancel this Policy by written request to the Company,
after reimbursing all the medical expenses incurred by the Company in assessing the risk under the Policy. If the Policy is sent
by post, it is deemed to have been delivered in the ordinary course of the post 7 days after the date of posting.
4 Payments of Benefits
4.1 Subject to clause 4.2, if any monies become payable under the Policy due to a claim under the Policy or due to any reason,
then the monies will be paid in full into the SRS account.
4.2 If the Policyholder passes away, any claim proceeds payable on the Policyholder’s death will not be paid into the SRS
Account but will be paid according to the Policy. However if the Policyholder is a Singapore Permanent Resident or does not
hold Singapore citizenship, the Company will be entitled to deduct from the claim proceeds an amount equal to the
withholding tax payable at the prevailing withholding tax rate and pay the balance of the claim proceeds according to the
Policy.
--------------------------------------------------------------------- End of page ---------------------------------------------------
42
44
PRIME REWARDS
(11) Policy Owners’ Protection Scheme
PRIME REWARDS
Endorsement No. 642 (PPF-1)
GREAT EASTERN LIFE

ENDORSEMENT NO. 642 (PPF -1)
POLICY OWNERS’ PROTECTION SCHEME
1 This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit
Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For
more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where
applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or
www.sdic.org.sg).
--------------------------------------------------------------------- End of page ---------------------------------------------------
43
45
PRIME REWARDS
PART III: FREQUENTLY ASKED QUESTIONS

1. PRODUCT FEATURES
1.1 What is the value of Presumptive TPD to cover whole of term, beyond 65 ANB?
As health deteriorates in old age, TPD can become a concern as this group of individuals is prone to
disability due to accidents or diseases such as diabetes. By stretching Presumptive TPD benefit beyond
age 65, Prime Rewards (Series 2) protects these individuals from draining away life’s savings in the
event of a disability.
1.2 Can the policy term be changed after policy inception?

No, the policy term cannot be changed once the policy is incepted.
1.3 What is meant by no underwriting? What is meant by guaranteed acceptance? Are these two the
same?
Prime Rewards (Series 2) is a plan which guarantees acceptance regardless of health status and
occupation of the life assured. In other words, the life assured is not subject to any medical underwriting
or occupational class loading. The policy will be incepted upon complete documentation and payment of
premiums.
If the Life Assured dies due to a Pre-Existing Condition within 12 months from the Date of
Commencement or date of reinstatement of this Policy, the Policy will be terminated and the Company
will refund all premiums paid for the Policy less any cash loans or automatic premium loan under the
Policy (if any).
1.4 Can riders be attached to Prime Rewards (Series 2) before inception and after it turns inforce?
No riders can be attached to Prime Rewards (Series 2) at any point in time.
1.5 When will the first annual payout start?

The first payout will commence one year after the end of accumulation period. Annual payouts for SRS
policies will be credited back into the SRS account.
1.6 Can CPF monies be used to buy Prime Rewards (Series 2)?
No.
1.7 Can the policyholder choose to accumulate the annual payout with GE?
Yes. Policyholder can choose to accumulate the annual payout based on Company’s prevailing interest
rate. The current accumulation interest rate is 3% p.a. This rate is not guaranteed and is subject to
change without notice.
2. NEW BUSINESS UNDERWRITING, POLICY SERVICES AND CLAIMS
2.1 Is backdating allowed for Prime Rewards (Series 2)?

Backdating is not allowed.
2.2 Can Sum Assured alteration (increase or decrease in sum assured) be effected after the Prime
Rewards (Series 2) has turned inforced?
Reduction of Sum Assured is allowed, subject to the minimum Sum Assured.
An increase of Sum Assured is not allowed.
2.3 Can policyholder increase the Single Premium amount once the policy is inforced?
An Increment of Single Premium after the policy turns in forced is not allowed.
44
46
PRIME REWARDS
PART IV: TARGET MARKET & SALES PROPOSITIONS
PRIME REWARDS
A. TARGET MARKET
Prime Rewards (Series 2) is a plan designed to meet the lump sum savings needs of clients who also value consistent
guaranteed cash back (survival benefits) plus projected cash bonuses annually.
We have identified 2 primary target markets for Prime Rewards (Series 2).
Retirees between the ages of 50 to 60

This group of individuals has recognized the importance of planning for their retirement and is seeking plans for their
accumulated retirement funds.
Prime Rewards (Series 2) is a medium term savings plan that provides them with a regular flow of guaranteed cash back
plus projected cash bonuses to supplement their retirement lifestyle e.g. holidays, annual family celebrations, buying life’s
little luxuries. In addition, retirees would appreciate the “disciplined” annual payouts Prime Rewards (Series 2) offer so
that they ensure that their retirement funds are not depleted due to a lack of proper planning.
Individuals in their 40s to 50s seeking a lump sum savings plan with liquidity options
Majority of pre-retirees fall under this age group, where most would be juggling between retirement planning and funding
their children’s tertiary education. This makes liquidity an important aspect in their choice of savings plans.
Prime Rewards (Series 2) provides them with the best of both worlds: by offering a medium term savings plan with
guaranteed cash back plus projected cash bonuses and also offering them the option of re-depositing the payouts to earn
interest.
(B) SALES PROPOSITIONS
Prime Rewards (Series 2) allows the client to enjoy the following benefits:
Liquidity - through attractive regular payouts (guaranteed and projected)

Flexibility – annual payouts may be re-deposited to earn interest at the prevailing rates, or be used to purchase
another Great Eastern policy for other purposes
Variety – 3 savings plans with different policy and payout periods to cater to various lifestyle needs
Protection - Insurance coverage for death and total and permanent disability for peace of mind
Hassle Free – lump sum savings and guaranteed issuance ensures that the application process is straight-forward
and seamless
45
PRIME REWARDS
PART V: TRAINING AND COMPETENCY REQUIREMENTS

Prime Rewards (Series 2)
Important Disclosure to Client when making a recommendation:

According to FAA Notice 03, Life Planner is to disclose and explain to the client the product information in a manner that
is clear, adequate and not false or misleading.
Such Information includes: - Refer to full set of information disclosed in the Benefit Illustration & Product Summary (BIPS)
Client Profile
Clients of age group ranging from 1 ANB to 70 ANB are eligible for this plan.
Risk Profile
Risk profile analysis MUST be conducted.
Commitment by Client (Premium Payment Term)

Single Premium
Policy Term
15 or 20 years
Product Investment Risk

Lower
Benefits of Plan
 Death Benefit
 Total and Permanent Disability (TPD) Benefit
o Occupational TPD to age 65 ANB or end of policy term, whichever is earlier
o Presumptive TPD for whole of policy term
 Survival Benefit
 Maturity Benefit
 Projected Bonus
o Cash Bonus
o Terminal Bonus
Limitations of Plan
 This plan participates in the performance of the Participating fund in the form of bonuses that are not guaranteed
Other Limitations (where applicable)

 If Client selects Option 3 for Survival Benefit and Cash Bonus accumulation:
o The accumulation interest rates of the Survival Benefits and Cash Bonus are not guaranteed
 If Life Assured suffers from pre-existing TPD:
o Although this policy is issued under Guaranteed Acceptance, please note that pre-existing TPD will not be
covered (Applicable only if LA suffers from pre-existing TPD)
The benefits and limitations stated in this illustration are not exhaustive. Please refer to the Product Summary and
Contract for full details.
46
in
48whole or part, for public / external distribution to Policyholders or prospects for whatever purposes. This is not a contract of insurance. Please refer to
PRIME REWARDS
T&C Requirements on Written Recommendation
PRIME REWARDS
The T&C Requirements on the written recommendation in the Financial Life Plan (FLP) constitute a Minimum Standard that
includes reinforcing your recommendations with material information on product benefits & limitations so as to protect
your professionalism.
You are required to conduct a thorough fact find to uncover client’s needs, conduct a proper needs analysis &
recommend a suitable plan to meet client’s needs.
Financial Life Plan
Section B – My Concerns
Client’s Needs to be addressed now

 Savings and Investment for other purposes; and/or
 Children’s future savings need; and/or
 Retirement Planning
Section I – Savings & Investment Needs Analysis; and/or

Section J – Retirement Planning Need Analysis
Client’s Concern Needs Analysis
Savings & Investment for other purposes For Other Purposes
Children’s future savings need Education
Retirement Planning Retirement Planning
Section K – Life Planner’s Recommendation
 Budget
o Budget Amount $
o Source (Cash / Cheque / SRS)
 Client’s Needs (As indicated in “My Concerns”)

o Provision for:
- Savings and Investment for other purposes; and/or
- Children’s future savings need; and/or
- Retirement Planning
o Shortfall amount $ (As derived from Analysis)
o Duration (As determined by Client)
 Plan/s Recommendation
o Full Name of Plan: Prime Rewards (Series 2)
o Term of Plan: 15 or 20 years
o Sum Assured: $___________
o Single Premium: $___________(Cash / Cheque / SRS)
Reasons for Recommendation (Sample Only – Please do not copy verbatim)
 I recommend Prime Rewards (5+10) (Series 2) to meet your need for Retirement Planning
 Based on the projected values, this plan can only meet your need partially.
 This plan provides Annual Payout in the form of survival benefit and projected cash bonus payable from the end
of policy year 6
 (You may state any additional benefit / feature)
47
PRIME REWARDS
Limitation(s) of Plan (Sample Only – Please do not copy verbatim)
 This plan participates in the performance of the Participating fund in the form of bonuses that are not guaranteed
 (You may state any additional limitation)
Representative is required to:

 Exercise due diligence in recommending a plan that is suitable for the client that meets his/her needs and within
the budget given.
 Fully disclose the material product benefits and limitations using the Benefit Illustration & Product Summary
(BIPS) to allow client to make an informed decision.
 Ensure that client understands the product features, benefits and limitations.
 Provide a copy of Financial Life Plan (FLP) and Benefit Illustration & Product Summary (BIPS) to the client.
 Provide a copy of Your Guide to Life Insurance to the client.
 Comply with T&C Requirements on completing the FLP.
Note for Immediate Officer
 IO is to exercise due diligence when endorsing the fact find. IO should consider if product is suitable if the
invested amount is a substantial portion of the client’s assets and his regular commitment (Found in Life
Planner’s Confidential Report)
 The sale can only be executed upon the immediate officer’s agreement.
 Ensure that Reps are competent; i.e. constantly being coached and trained by IO. Encourage Reps to attend
product launches, workshops and training classes to stay informed and updated.
Regulatory Reference
FAA Notice 16 - Notice on Recommendation on Investment Products

Under S27 of FAA, Representative needs to have a reasonable basis for any recommendation of investment product to
client.
FAA Notice 03 - Important Disclosure to Client when making a recommendation

Representative is to disclose and explain to the client the product information in a manner that is clear, adequate and not
false or misleading.
FAA G11 – Guidelines on Fair Dealing
48
50
PRIME REWARDS
PART VI: COMPETITIVE ANALYSIS
PRIME REWARDS
1. Product Features Comparison
Product GE GE
Prime Rewards Prime Rewards (Series 2)
Plan Name Prime Rewards (5+10) Prime Rewards (5+10) (Series 2)
Prime Rewards (3+17) Prime Rewards (3+17) (Series 2)
Prime Rewards (5+15) Prime Rewards (5+15) (Series 2)
Policy Term 15 / 20 years 15 / 20 years
Minimum Entry Age 1 ANB (Cash) / 22 ANB (SRS) 1 ANB (Cash) / 22 ANB (SRS)
Maximum Entry Age (Age + Term)  85 ANB (Age + Term)  85 ANB
(Cash & SRS) (Cash & SRS)
Policy Size Min: $10,500 Min: $10,500
Max: Subject to Financial Max: Subject to Financial
underwriting underwriting
Death Benefit Yes Yes

Total and Permanent Yes Yes
Disability
a) Term of TPD to age 65 ANB Occupational TPD to age 65 ANB

cover Presumptive TPD for whole of term
b) Max Sum $2 mil per life for policies issued by $2 mil per life for policies issued by
Assured Company Company
c) Payout Lump Sum Lump Sum
Terminal Illness No No
Survival Benefit Yes Yes
Maturity Benefit Yes Yes
Cash Bonus
(Percentage of Single Single Single Single
Single Premium) Premium Premium Premium Premium
< $50,000 > $50,000 < $50,000 > $50,000
3.40 3.80 3.09 3.44
2.15 2.45 1.91 2.21
2.79 3.19 2.48 2.87
PIRR
Prime
Prime PIRR 1 PIRR 2 Rewards PIRR 1 PIRR 2
Rewards (%) (%) (Series 2) (%) (%)
5+10 3.25 4.75 5+10 3.00 4.50
3+17 3.50 5.00 3+17 3.25 4.75
5+15 3.50 5.00 5+15 3.25 4.75
49
51
Informationaccurate
Information accurateatattime
timeofof print
print onon 1 July
1 July 2013.
2013. This
This information
information is confidential
is confidential and and is strictly
is strictly for internal
for internal circulation
circulation onlyisand
only and not is
to not to be
be reproduced,
PRIME REWARDS
2. Comparison of Prime Rewards versus Prime Rewards (Series 2)
For Male, 50 ANB, Non-Smoker, Single Premium $50,000, Sum Assured $52,500
Surrender Benefit per

Death Benefit per Premium Surrender Value IRR (paid-out) Surrender Value IRR (accumulated) Pricing
Plan Premium
Interest
Name 10th Year 15th Year 10th Year 15th Year 10th Year 15th Year 10th Year 15th Year (High)
Gtd Total Gtd Total Gtd Total Gtd Total Gtd Total Gtd Total Gtd Total Gtd Total
Prime
Rewards 1.02 1.29 1.05 1.64 1.19 1.38 1.06 1.43 0.28% 1.11% 0.47% 3.51% 0.25% 2.56% 0.33% 3.35% 4.75%
(5+10)
Prime
Rewards
1.02 1.23 1.05 1.39 1.19 1.36 1.06 1.39 0.28% 2.32% 0.47% 3.26% 0.25% 2.41% 0.33% 3.17% 4.50%
(5+10)
Series 2
Prime
Rewards 1.00 1.52 1.11 1.95 1.19 1.48 1.11 1.52 0.00% 2.72% 0.84% 3.70% 0.00% 2.81% 0.50% 3.39% 5.05%
(3+17)
Prime
Rewards
1.00 1.29 1.10 1.48 1.19 1.45 1.11 1.48 0.00% 2.52% 0.84% 3.44% 0.00% 2.67% 0.50% 3.25% 4.75%
(3+17)
Series 2
Prime
Rewards 1.00 1.52 1.13 1.99 1.22 1.54 1.13 1.60 0.27% 2.80% 0.92% 3.80% 0.00% 2.85% 0.59% 3.50% 5.00%
(5+15)
Prime
Rewards
1.00 1.34 1.12 1.56 1.22 1.51 1.13 1.56 0.00% 2.60% 0.92% 3.55% 0.00% 2.70% 0.59% 3.34% 4.75%
(5+15)
Series 2
52
50

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SAVINGS

Part II Sample Policy Contracts & Endorsements 27 34

Part III Frequently Asked Questions 46 54

Part IV Target Market and Sales Propositions 47 58

Part V Training & Competency Requirements 48 60

Part VI Competitive Analysis 51 63

PART I: PRIME REWARDS (SERIES 2)

Policy For Age Next Birthday (ANB) ≤ 60 years

For Age Next Birthday (ANB) > 60 years

Policy Year Death Benefit

During the Policy For Age Next Birthday (ANB) ≤ 60 years

For Age Next Birthday (ANB) > 60 years

6.2 Total and Permanent Disability (TPD) Benefit

6.2.1 Occupational TPD

6.2.2 Presumptive TPD

Presumptive TPD must, in the opinion of a registered medical practitioner, be deemed to be

6.3 Guaranteed Survival Benefit

Policy Accumulation Payout Annual Payouts Percentage of

6.4 Guaranteed Maturity Benefit

Policy Accumulation Payout Payment at Percentage of

6.5 Cash Bonus

6.6 Terminal Bonus

6.6.1 Terminal Bonus on Surrender

For Single Premium > $50,000

6.6.2 Terminal Bonus on Maturity

Total Maturity Value Factors

7.1 Cash Surrender Value

7.2 Automatic Premium Loan (APL)

7.3 Reduced Paid Up Values

7.4 Extended Term Assurance (ETA)

7.5 Policy Loan

8. UNDERWRITING AND ISSUANCE REQUIREMENTS

8.2 Age at Entry

8.4 Policy Term

8.5 Sum Assured

$10,500 Subject to financial underwriting

8.6 Riders allowed

8.7 Financial Underwriting

8.10 Documents for Policy Application

9.1 Lien Clause for Children

9.2 Third Party

9.4 Assignment of policy

10.1 Premium Rates

10.2 Premium Payment Mode

$10,000 Subject to financial underwriting

10.3 Premium Payment Method

Plan Name Cash SRS

11. GUIDE TO PRODUCT INVESTMENT RISK CLASSIFICATION / CLIENT INVESTMENT RISK

Client All Risk Conservative Moderately Moderately Aggressive

12. AGENCY COMPENSATION

12.1 Threshold Commission

SECTION B: SAMPLE BENEFIT ILLUSTRATION & PRODUCT SUMMARY

If you need clarification please do not hesitate to ask your adviser.

Policyholder and plan details

Proposed Insured: PROSPECT Prepared by: Distribution Rep

End Total Death Benefit

End Total Surrender Value

1/46 50,000.00 46,500 1,000 47,500 1,000 47,500

What is the significance of the Projected Investment Rate of Return?

What is the impact of deductions on what you might get back?

What do the columns in the table of deductions mean?

How much are you paying for distribution costs?

Total Distribution Cost