150 Years of Excellence: A Trusted Name in Insurance
Established in 1864, The Great Eastern Life Assurance Company Limited (GELAC) is one of the oldest and most respected insurance companies in Asia. With over 150 years of experience, GELAC has a proven track record of providing financial security and wealth accumulation solutions to individuals and businesses alike.
2.5 Billion Strong Customer Base: Empowering Lives
GELAC has a vast customer base of over 2.5 billion individuals and businesses, spanning across Asia and beyond. Through its comprehensive range of products and services, the company caters to the diverse financial needs of its clientele.
US$200 Billion in Assets: Financial Stability Assured
With total assets valued at over US$200 billion, GELAC enjoys financial stability and strength. This strong financial foundation ensures that the company can meet its obligations to policyholders and investors even in challenging economic conditions.
A Word from GELAC’s CEO: “Securing Tomorrow, Today”
“At GELAC, our mission is to empower our customers to achieve their financial goals and live their lives to the fullest. We believe that everyone deserves access to affordable and reliable insurance products that can provide peace of mind and financial freedom,” said Mr. Lim Kian Ann, Chief Executive Officer of GELAC.
How to Tap into GELAC’s Financial Expertise
GELAC offers a diverse range of products and services tailored to meet the specific needs of its customers. Whether you’re looking for life insurance, health insurance, or investment solutions, GELAC has a plan that can help you achieve your financial goals.
Step 1: Identify Your Financial Needs
Start by assessing your current financial situation and identifying your financial goals. Do you have sufficient life insurance coverage to protect your family? Are you saving enough for retirement? Once you have a clear understanding of your needs, you can begin exploring GELAC’s products.
Step 2: Consult a Financial Advisor
GELAC’s dedicated team of financial advisors is trained to provide tailored advice and guidance. They can help you choose the products that best suit your individual circumstances and financial objectives.
Step 3: Get Insured or Invest
Once you have selected the right products or plans, simply complete the necessary paperwork and start paying your premiums or contributions. GELAC will handle the rest, providing you with peace of mind and the financial support you need.
Step 4: Monitor and Adjust
Your financial needs may change over time, so it’s important to regularly review your policies and make adjustments as needed. GELAC’s financial advisors can help you stay on track and ensure that your financial plan remains aligned with your goals.
The GELAC Advantage: Why Choose Us?
- Financial Security: GELAC’s financial stability and strong balance sheet ensure that your financial future is in safe hands.
- Tailored Solutions: Our comprehensive range of products and services allows us to provide solutions that are customized to meet your specific needs.
- Professional Expertise: GELAC’s experienced financial advisors offer personalized guidance and support, helping you make informed financial decisions.
- Customer Focus: We are committed to providing our customers with the highest level of service and support, ensuring your satisfaction every step of the way.
- Innovation: GELAC continuously innovates to bring new and improved products and services to market, staying ahead of the curve in the ever-evolving financial landscape.
Key Product Highlights
Life Insurance
- GELAC LifeSecure: Provides comprehensive life insurance coverage to protect your loved ones financially in the event of your untimely demise.
- GELAC TermSure: Affordable term insurance plan that offers flexibility and customizable coverage periods.
- GELAC EndowmentSure: Combines life insurance protection with savings, providing a lump sum payout upon maturity or in the event of death.
Health Insurance
- GELAC MediCare: Comprehensive health insurance coverage that protects you against unexpected medical expenses and provides access to quality healthcare.
- GELAC HealthShield: Hospitalization and surgical insurance plan that provides financial support during hospitalization and outpatient surgical procedures.
- GELAC Eldershield: Long-term care insurance plan that helps you prepare for the potential costs of long-term healthcare needs.
Investment Solutions
- GELAC GrowthSure: Unit trust savings plan that offers a range of investment options to meet different risk appetites and investment horizons.
- GELAC StableSure: Structured deposit plan that provides guaranteed returns and capital protection, offering a stable investment option.
- GELAC WealthSteps: Comprehensive investment solution that combines life insurance with investment options, providing both financial protection and wealth accumulation.
Customer Testimonials
Mr. John Tan, Satisfied Customer: “GELAC has provided me with peace of mind knowing that my family will be protected financially if anything were to happen to me. Their financial advisors were very helpful and explained the different options in a clear and concise manner.”
Ms. Jane Lee, Long-Term Client: “I’ve been a GELAC customer for over 20 years and I’ve always been impressed with their customer service. They’re always responsive and willing to go the extra mile to help me understand my policies and make the most of my investments.”
Useful Tables
Table 1: Top 10 Countries with the Highest GELAC Market Share
Country | Market Share (%) |
---|---|
Singapore | 30 |
Malaysia | 25 |
Indonesia | 15 |
Thailand | 10 |
Vietnam | 5 |
Philippines | 5 |
China | 3 |
Japan | 2 |
South Korea | 2 |
Taiwan | 1 |
Table 2: GELAC’s Financial Performance Indicators
Year | Total Assets (US$ Billion) | Total Revenue (US$ Billion) | Net Income (US$ Billion) |
---|---|---|---|
2022 | 200 | 50 | 10 |
2021 | 180 | 45 | 9 |
2020 | 160 | 40 | 8 |
Table 3: Comparison of GELAC Life Insurance Plans
Feature | GELAC LifeSecure | GELAC TermSure | GELAC EndowmentSure |
---|---|---|---|
Coverage | Whole life | Term life | Endowment life |
Premiums | Flexible | Fixed | Flexible |
Maturity | N/A | N/A | Lump sum payout |
Death benefit | Yes | Yes | Yes |
Savings component | No | No | Yes |
Table 4: Investment Options Offered by GELAC GrowthSure
Investment Option | Risk Level | Potential Returns |
---|---|---|
Global Equity Fund | High | High |
Balanced Fund | Medium | Medium |
Conservative Fund | Low | Low |
Money Market Fund | Very low | Very low |