Insurer Great Eastern has launched Singapore’s first green life insurance product on July 19.
The product, called GREAT Green SP, is a short-term three-year non-participating single premium endowment plan, which invests into assets to fund projects with “positive environmental benefits”.
The plan has a 1.55% per annum guaranteed yield upon maturity after three years. Customers may invest a minimum amount of $5,000 up to a maximum of $100,000, with the plan offering protection against death and total permanent disability, with no medical underwriting needed.
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