Great Eastern gives away more than S$400m gift credits

The credits are part of the insurer’s 113th-anniversary celebration.

Insurer Great Eastern is celebrating its 113th birthday and is giving away more than $290m (S$400m) worth of gift credits to its more than two million customers in Singapore.

All existing and new Great Eastern Life policyholders will receive S$200 worth of gift credits once they sign in to the Great Eastern Rewards app by 31 December 2021. Customers will be able to use the gift credits to offset up to 10% of the premiums for multiple purchases from a range of over 30 life and general insurance products. 

The gift credits are valid till 31 December 2023 and can be used for purchases made through a Great Eastern financial representative, the company’s website or at its Customer Service Centres. Great Eastern Gift Credits can also be used along with other customer promotions and discounts.

“The pandemic has made Singaporeans more conscious of insurance solutions to help manage their health and financial risks. Our Great Eastern Gift Credits will benefit our over two million existing customers, as well as new ones, as they take future steps towards bridging these protection gaps,” Khor Hock Seng, Great Eastern’s CEO said.

The gift credits are just one of the initiatives that Great Eastern has been rolling out for its customers.

Earlier this quarter, Great Eastern provided Singapore residents with complimentary hospital cash benefits for local and overseas hospitalisation as a result of COVID-19 infections through GREAT Covid Care Plan. In January 2021, it launched its S$1m GREAT Vaccine Fund for its customers and their immediate family members, which provides hospital cash benefits if one is hospitalised due to COVID-19 vaccinations.