Great Eastern's 3-year 2.05% endowment plan selling well

Singapore

GREAT Eastern's three-year single premium endowment plan offering a guaranteed payout of 2.05 per cent is selling well, said a company official.

The insurer, a unit of OCBC Bank, launched the product last week. The plan also provides coverage against death and total and permanent disability at up to 105 per cent of the single premium during the policy term.