Life + Health Protection

SMARTPROTECT
ESSENTIAL
Comprehensive protection from as low as RM100 per month
 Benefits at a glance

Comprehensive protection from

as low as RM100 per month
SmartProtect Essential 3 (“SmartProtect Essential”) helps you
to achieve your financial freedom with greater confidence. Protection that starts Various coverage term
This affordable life protection plan allows you to work from just RM100 options to suit your
towards your personal goals and live the life you desire, a month life goals
while providing you with a personal safety net.

From as low as RM100 a month, you will enjoy

comprehensive coverage against life’s unexpected events
and a host of features that will help you save for the future.
You can customise your protection plan with a wide range
of riders and coverage term options to create the ideal plan Additional 1% sum Protection against
that will help you LIVE GREAT. assured each year death or Total and
Permanent Disability
(TPD)

No-Lapse Guarantee Your choice of

feature as a safety net unit funds

Boosted protection with

optional riders

Note: Terms and conditions apply.

 Protection that starts from just Additional 1% sum assured
RM100 a month each year

SmartProtect Essential is an investment-linked insurance plan SmartProtect Essential ensures your loved ones will not be
that adapts to your lifestyle. Starting from just RM100 a month, financially burdened should the unexpected occur. With a sum
you’ll receive life protection and an investment allocation that assured that grows by 1% every year throughout your coverage
increases over time, helping to bring your goals closer to reality up to a maximum of 30% of the basic sum assured, they can live
with each passing day. the best of life with added peace of mind.

The Insurance Premiums paid are allocated to the unit funds at the An example of how this works:
following rates:

Policy Year 1-3 4-6 7-8 9 & above SMART A 25-year-old male purchases a
PROTECT 15 JAN
ESSENTIAL SmartProtect Essential with a basic
Insurance 2020
sum assured of RM100,000.
Premium
60% 80% 95% 100%
Allocation
Rate
The unexpected occurs 4 years and 3
Note: Terms and conditions apply. months into his policy.
15 MAY
Total additional sum assured:
2024
(1% x RM100,000 x 4) = RM4,000

Various coverage term options to suit

your life goals 15 MAY His loved ones will receive the following:
2024

SmartProtect Essential allows you to tailor your insurance plan

by providing you coverage term options of up to age 70, 80 or 90
years next birthday. You may select the coverage term depending
on your needs and affordability level in order to help you achieve Total payout upon death:
your financial freedom aspiration in the future. Basic sum assured + additional sum
assured + total investment value
Your plan also comes with an automatic 10-year extension
of coverage at maturity, which will automatically extend your = RM104,000 + total investment value RM104,000
coverage for another 10 years up to age 100 years next birthday.
This way, you can sit back and continue to enjoy the protection
+ TIV
you signed up for without a fuss.

Note: Terms and conditions apply. Note: The example above is used for illustrative purposes only.
Terms and conditions apply.
 Protection against death or TPD Your choice of unit funds

SmartProtect Essential is built on a foundation of protection, to SmartProtect Essential gives you access to professionally
ensure you and your loved ones have sufficient financial resources managed funds. You have free reign to pick and invest in
if the worst should happen. whichever fund(s) that best suits your risk appetite and investment
style.
Should death occur, or should you be afflicted with TPD, the basic
sum assured, additional sum assured and total investment value Description of Funds
will be payable to you. Hence, you can rest assured that your The choice of funds should be based on, among others, your
loved ones have the financial resources they’ll need to carry on. tolerance to risk. Please seek advice from your agent or the
Company on your tolerance to risk.
Note: Terms and conditions apply.
The fund management charge is not guaranteed and may vary
from time to time by giving you 3 months’ advance written notice.
The available funds are:

No-Lapse Guarantee as a safety net Fund

Management
Funds Fund Descriptions Charge
(per annum)
SmartProtect Essential comes with a ‘No-Lapse Guarantee’
A fund which invests in a mixture
for the first 3 policy years. This valuable feature ensures that
of equities (ranging from 40%
your policy will continue to remain in-force even if your total Lion to 60%) and fixed income
investment value becomes zero, so long as the premiums are Balanced securities. This fund seeks to 1.00%
paid consistently on each premium due date or during the grace Fund provide medium to long-term
period, and no withdrawal is made within the first 3 policy years. capital appreciation, with a
moderate level of volatility.
Note: Terms and conditions apply.
A fund which invests in fixed
income securities, for example
government and corporate
bonds as well as cash and cash
equivalents. This fund seeks to
Lion Fixed
provide consistent returns at low
Income 0.50%
levels of volatility. Although the
Fund
fund invests mainly in Malaysia
(40% to 100%), it may also
partially invest in foreign fixed
income securities (up to 50%), to
enhance the fund’s returns.
 Fund Fund
Management Management
Funds Fund Descriptions Funds Fund Descriptions
Charge Charge
(per annum) (per annum)

A fund which invests in a A fund where 80% to 100% of

mixture of equities (ranging the investments are in equities,
from 50% to 90%) and fixed which may be volatile in the short
Lion
income securities. This fund term. This fund seeks to achieve
Progressive 1.35%
seeks to provide medium to Lion medium to long-term capital
Fund
long-term capital appreciation, Enhanced appreciation. Although the fund
1.50%
with a moderate-to-high level of Equity invests mainly in Malaysia (50%
volatility. Fund to 100%), it may also partially
invest in Singapore (up to 25%)
A fund which invests in and Hong Kong (up to 25%), if
Shariah approved fixed and when necessary, to enhance
income securities, for example the fund’s returns.
government and corporate
sukuk as well as Islamic money A fund where 80% to 100% of
market papers/deposits. This the investments are in equities,
fund seeks to provide consistent which may be volatile in the short
Dana Sejati 0.50%
returns at low levels of volatility. term. This fund seeks to achieve
Although the fund invests mainly medium to long-term capital
in Malaysia (40% to 100%), appreciation. Although the fund
it may also partially invest in Dana invests mainly in Malaysia (50%
1.50%
foreign Shariah approved fixed Gemilang to 100%), it may also partially
income securities (up to 50%), to invest in Singapore (up to 25%)
enhance the fund’s returns. and Hong Kong (up to 25%), if
and when necessary, to enhance
A fund which invests in a the fund’s returns. The fund only
mixture of equities, fixed income invests in Shariah-approved
securities and money market securities.
instruments. There is flexibility
Lion
in asset allocation as this fund A fund where 60% to 100% of
Strategic 1.25%
may invest solely in fixed income investments are in equities with
Fund
securities or equities. This fund the balance in cash and/or
seeks to provide medium to cash equivalents, which may be
long-term capital appreciation, volatile in the short term. This
with a moderate level of volatility. fund seeks to achieve medium
Lion Small to long-term capital appreciation,
Mid Cap investing in Malaysian (50% to 1.40%
Fund 100%) Small and Medium Market
Capitalisation (“Small Mid Cap”)
equities. It may partially invest in
foreign Small Mid Cap equities
(Asia Pacific excluding Japan
region) if and when necessary, to
enhance the fund’s returns.

Note: Terms and conditions apply.

 Frequently Asked Questions

Q: Who can apply?

A: The entry age will be based on your selected coverage term
Boosted protection with as shown in the table below:
optional riders
Coverage Minimum Maximum
Term

You can enjoy further peace of mind by attaching various Up to age 70

comprehensive riders to your SmartProtect Essential plan. These years next 50 years next birthday
are some of the riders available for you to choose from: birthday

Up to age 80 16 years
• SmartMedic / SmartMedic Xtra / SmartMedic Enhancer years next 60 years next birthday
/ Smart Extender birthday next birthday
Provides medical protection against unexpected emergencies.
Up to age 90
• IL Critical Illness Benefit Rider years next 70 years next birthday
Helps secure your finances should critical illness occur. birthday

• Smart Early Payout Critical Care Note: Terms and conditions apply.
Pays you even at the early stages of critical illness.
Q: How do I start?
• IL Comprehensive Accident Benefits Xtra Rider A: You can enroll in SmartProtect Essential with premium form
Provides coverage against death and injuries due to accidents. as low as RM1,200 per year or RM100 per month.

• IL Hospitalisation Benefits Rider Q: What are some of the exclusions under the plan?
Provides daily cash income should you be hospitalised. A: No benefit is payable under the following circumstances:
• Death during the first policy year as a result of suicide,
• IL Premium Waiver Extra Rider while sane or insane;
Waives premiums should the Life Assured be inflicted with • TPD resulted from self-inflicted injuries, while sane or
disability or critical illness. insane; or
• TPD that has existed prior to the risk commencement
• IL LadyCare Rider / IL LadyCare Advantage Rider date of the policy, or the date of any reinstatement,
Offers protection against female-linked illness and whichever is later.
coverage for maternity-related issues.
The exclusions highlighted here are not exhaustive.
Note: Terms and conditions apply. Full details are available in the policy document.

Q: How do I pay my premiums?

A: You can pay by credit card, banker’s order, internet banking,
auto debit, cheque or cash. You have the flexibility to pay
your premium annually, half-yearly, quarterly or even
monthly (by credit card, banker’s order, internet banking or
auto debit).
Frequently Asked Questions Important Notices

Q: What are the current fees and charges? SmartProtect Essential is a regular premium investment-linked
A: • Insurance charges will be deducted monthly and may insurance plan. Some of the choice of funds invest in Shariah-
vary according to the sum assured, age, gender, approved securities. However, this is not a Shariah-compliant
smoking habits and health condition. product. This plan is an insurance product that is tied to
• Monthly Policy Fee: RM6.00 the performance of the underlying assets, and is not a
• Fund Management Charge: You can refer to the pure investment product such as unit trusts. Premiums
Description of Funds for the details on fund are payable for the whole term of the policy, or until death or TPD,
management charge. whichever comes first. SmartProtect Essential, wherever mentioned
in this brochure, shall refer to SmartProtect Essential 3.
Note: Changes to fees and changes can be made on policy
anniversary by giving you 3 months’ advance written notice. You should satisfy yourself that this plan will best serve your needs
and that the premium payable under the policy is an amount you
Q: Will I be entitled to tax benefits? can afford. A free-look period of 15 days is given for you to review
A: Benefits received from SmartProtect Essential are generally the suitability of the plan. If the policy is returned to the Company
non-taxable and premiums paid may qualify for tax relief. during this period, the Company shall refund an amount equal to
However, tax benefits are subject to the Malaysian Income the sum of:
Tax Act, 1967, and final decision of the Inland Revenue a) the total investment value of the policy based on the net asset
Board. value at the next valuation date; and
b) the investment values of the units which have been cancelled
to pay for insurance charges and policy fees; and
c) the amount of premiums that have not been allocated;
minus the medical expenses occurred for medical examinations, if
any.

Net asset value is the single price at which the policy owner buys
the units in a unit fund and sells the units back to the unit fund.
The minimum basic premium allowable for the policy is RM1,200 a
year. The premium may be segregated into Insurance Premium and
Balancer (regular premium in excess of the Insurance Premium) if
any, based on the premium invested for the policy.

In cases where the purchase involves a premium of a sizeable

amount i.e. RM5,000 and more, the prospect should consider
purchasing a single premium investment-linked insurance plan as
single premium plans offer better allocation rates for investment.
However, please take note that single premium plans may not offer
as much insurance protection as regular premium plans and may
have less riders/supplementary benefits available.

You may stop paying the premiums and still enjoy protection as
long as there is a sufficient total investment value to pay for the
insurance charges, policy fee and supplementary benefit insurance
charges, where applicable. However, there is a possibility of the
policy lapsing when the required charges, including rider charges,
exceed the value of the fund units available. Purchasing too many
unit-deduction riders may deplete the fund units.
In the event the actual sustainability of the policy is reduced due to
revision of insurance charges, the Company may vary the Insurance
Premium and any regular investment top-ups on policy anniversary
by giving you 3 months’ advance written notice.

Buying an investment-linked insurance plan is a long-term

commitment. An early termination of the policy involves high costs
and the withdrawal value is dependent on the prevailing market
value of the underlying assets of the unit fund. Therefore, the
withdrawal value may be less than the total premiums paid. The
policy value may rise or fall, based on the underlying performance
of the funds. The performance of the funds is not guaranteed.
Sustainability of the plan depends on the underlying performance of
the funds. The investment risk under the policy will be borne solely
by the policy owner. Past actual performance is not a guide to future
performance, which may be different.

Any amount of the premium that has not been allocated to purchase
units is used to meet the payment of commissions to intermediaries
and general expenses of the Company. The Company reserves
the right, in circumstances it considers exceptional, to suspend
issuance or redemption of units.

This brochure is for general information only. It is not a contract

of insurance. You are advised to refer to the sales illustration,
Fund Fact Sheet, Product Disclosure Sheet and sample policy
documents for detailed important features and benefits of the
plan before purchasing the plan. The exclusions and limitations
of benefits highlighted above are not exhaustive. For further
information, reference shall be made to the terms and specified in
the policy issued by Great Eastern Life.

If there is any discrepancy between the English, Bahasa Malaysia

and Chinese versions of this brochure, the English version shall HEAD OFFICE
prevail. Great Eastern Life Assurance (Malaysia) Berhad (93745-A)
Menara Great Eastern, 303 Jalan Ampang, 50450 Kuala Lumpur
The terms “Great Eastern Life” and “the Company” shall refer to 03-4259 8888
Great Eastern Life Assurance (Malaysia) Berhad. 03-4259 8000
[email protected]
For more information, please contact your friendly Great www.greateasternlife.com
Eastern Life Planning Advisor or Customer Service Careline at
1300-1300 88.
Great Eastern Life Assurance (Malaysia) Berhad (93745-A)
is licensed under the Financial Services Act 2013 and is regulated
by Bank Negara Malaysia.
For the latest contact details, please refer to the Company’s website.
BRANCH OFFICES
Alor Setar Kuching
66 & 68, Jalan Teluk Wan Jah House No. 51, Lot 435
05200 Alor Setar, Kedah Section 54, KTLD
Travilion Commercial Centre
Batu Pahat Jalan Padungan
109, Jalan Rahmat 93100 Kuching, Sarawak
83000 Batu Pahat, Johor
Lahad Datu
Bintulu Ground & 1st Floor
No.313, Lot 3956, Phase 4 MDLD 3804, Lot 66
Bintulu Parkcity Commerce Square Fajar Centre, Jalan Segama
Jalan Tun Ahmad Zaidi/ Jalan 91100 Lahad Datu, Sabah
Tanjung Batu
97000 Bintulu, Sarawak Melaka
No. 23, Jalan PM 15
Ipoh Plaza Mahkota
Wisma Great Eastern 75000 Melaka
16, Persiaran Tugu
Greentown Ave Miri
30450 Ipoh, Perak Lots 1260 & 1261
Block 10, M.C.L.D, Jalan Melayu
Johor Bahru 98000 Miri, Sarawak
Wisma Great Eastern
02-01, Blok A Penang
Komersil Southkey Mozek 25, Light Street
Persiaran Southkey 1 10200 Penang
Kota Southkey
80150 Johor Bahru Sandakan
Lot 5 & 6, Block 40
Klang Lorong Indah 15
No. 8 & 10, Jalan Tiara 2A Bandar Indah, Phase 7
Bandar Baru Klang Mile 4, North Road
41150 Klang, Selangor 90000 Sandakan, Sabah

Kluang Seremban
No. 22 & 24 101 & 103, Jalan Yam Tuan
Jalan Md Lazim Saim 70000 Seremban
86000 Kluang, Johor Negeri Sembilan

Kota Bharu Sibu

No. S25/5252-T & U No. 10 A-F
Jalan Sultan Yahya Petra Wisma Great Eastern
15200 Kota Bharu, Kelantan Persiaran Brooke
96000 Sibu, Sarawak
Kota Kinabalu
Wisma Great Eastern Taiping
Level 4 & 5, No. 65 Jalan Gaya 133A, Jalan Barrack
88000 Kota Kinabalu, Sabah 34000 Taiping, Perak

Kuala Terengganu Tawau

MCM/SPE3/V12/10/19

2nd Floor, 6F Ground Floor

Bangunan Persatuan Hin Ann Wisma Great Eastern
Jalan Air Jernih, 20300 Jalan Billian
Kuala Terengganu, Terengganu 91000 Tawau, Sabah

Kuantan
A25, Jalan Dato Lim Hoe Lek
25200 Kuantan, Pahang

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