Affordable Group Medical Insurance

Any duly registered company or organisation is eligible. The company or organisation will be the policyholder.

Full-time Actively-at-work employees who are within the age and occupational class specifications are eligible. The policyholder must declare the job description of the employees. Once covered under the policy, the employee is referred to as the Assured Member or Life Assured, as the case may be. The minimum and maximum ages for new application and renewal are as follows:

All new employees are eligible to be enrolled for coverage within thirty (30) days from the effective date of employment.

No takeover of policy is allowed.

Any company with a minimum of 11 eligible employees up to a maximum of 150 eligible employees.

No evidence of health will be required. However, the coverage will be subject to the terms, conditions and exclusion clauses of the respective policies and riders.

Specified Illnesses means the following disabilities and its related complications, occurring within the first one hundred and twenty (120) days from the Effective Date. However, if there is a break in coverage prior to the expiry of the said one hundred and twenty (120) days, a fresh period of one hundred and twenty (120) days shall apply again from the date of reinstatement:

Policy inception premium rates are the same for both male and female employees and are based on the age next birthday of each employee. Policy renewal premium rates will be based on employee’s age next birthday and plan selected at each policy renewal.

Please refer to the Annual Premium Rates Table for premium details.

Note: Premium rates are not guaranteed and subject to be reviewed by Great Eastern Life at each renewal.

When employees resign, a pro-rated refund is calculated and for new employees, a pro-rated premium will be charged.

The policy is a yearly renewable plan where the Period of Insurance is twelve (12) months. Great Eastern Life may invite the employer/policyholder to renew the policy subject to renewal terms and conditions.

Changes to benefits can be made by the employer/policyholder on policy anniversary or upon renewal only.

If Great Eastern Life decides to change the benefits in the policy, all policyholders will be notified of the reasons for the changes in writing at least thirty (30) days before the change is made.

Yes, but only for the Group Yearly Renewable Hospitalisation and Surgical Policy and Group Comprehensive Outpatient Clinical Rider. The coverage will be subject to the respective terms, conditions and exclusion clauses. The coverage and premium rates for Spouse and Dependant will be in accordance with employee’s choice of coverage and premium rates.

Note: Spouse means a legally married spouse of the Assured Member between seventeen (17) years next birthday and sixty-four (64) years next birthday. A Dependant means any of the unmarried children of the Assured Member aged above fourteen (14) days old but below nineteen (19) years next birthday. If the Dependant is still on full-time higher education and is not gainfully employed, the maximum eligibility age shall be extended to twenty-three (23) years next birthday.

• • Importance of Disclosure - the policyholder must disclose all material facts such as type of business, nature of occupations, any information that could affect the risk profile, state the ages of employees correctly and declare to ensure that all employees declare truthfully their details, otherwise effective coverage will be void at inception.
• • Free look period - the policyholder may cancel the policy by returning the insurance policy within fifteen (15) days after receipt, provided no claim has been admitted under the policy. The premium paid (less any expenses incurred for the medical examination of the Assured Member) will be refunded.
• • Grace period – the policyholder is allowed up to thirty (30) days grace period from each of the premium due dates to pay the subsequent total premium due under the policy.