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Great Eastern launches Singapore's first green life insurance product

Atiqah Mokhtar
Atiqah Mokhtar7/19/2021 12:34 PM GMT+08  • 2 min read
Great Eastern launches Singapore's first green life insurance product
The insurer is offering an endowment plan which invests into assets to fund projects with “positive environmental benefits”.
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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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