Homemaker Celia Tan used to have sleepless nights, stressed by the thought of her child facing a future without anyone to care for him.
"It pains me to imagine Aston's struggles when my husband and I are no longer around," says the 45-year-old. She is the main caregiver of her 15-year-old son, who has autism.
Now, she and her husband enjoy greater peace of mind. The roll-out of the Great Eastern Cares Term Plan, a first-of-its-kind insurance policy, in 2021 has allowed the couple to make adequate provisions for their child's long-term care in their absence.
The plan was developed by established insurer Great Eastern in partnership with non-profit Special Needs Trust Company (SNTC) to help families who have children with special needs as part of its Corporate Social Responsibility (CSR) efforts. To date, over 50 families have taken up the Great Eastern Cares Term Plan in Singapore.
Insurance, says Great Eastern's managing director of group marketing Colin Chan, is an important tool to help people manage the unforeseen risks in their lives with advance planning, providing financial protection and peace of mind. "The Great Eastern Cares Term Plan is our response to an underserved group. We want to impact communities positively by making insurance accessible to all," he says.
Apart from proactively coming up with innovative insurance products such as the Great Eastern Cares Term Plan, the insurer has been bridging the protection gap by providing affordable term insurance as the sole provider and administrator of the Dependents' Protection Scheme (DPS) under the Central Provident Fund (CPF) in Singapore.
Empowering communities through financial literacy
この記事は The Straits Times の April 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は The Straits Times の April 28, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Brother of Indonesian President-elect builds tin-processing plant in Batam
His target market includes electronics makers that have moved from China to S-E Asia
'A VERY PROUD MOMENT'
Schooling, Yip among 21 legends inducted in Singapore Aquatics’ inaugural Hall Of Fame
CITY WANT ONLY TO DEFEAT FULHAM
Guardiola says that’s their lone concern, not whether United beat title-rivals Arsenal
SHAWAL'S FORM POSES ATTACKING DILEMMA
Pacey forward shines in Sailors’ 4-1 win over Hougang, as new striker gets ready to join
IT'S PEREIRA'S CROWNING GLORY
Sprint queen’s crazy’ season rewarded with The Straits Times Athlete of the Year 2023
MAGNUSSON OVERCOMES HEALTH ISSUES
Swede, hit by gluten intolerance in 2023, stays in the hunt at Aramco Team Series
BURRIDGE SQUAD ON POINT
Kranji Mile trio Street Of Dreams, Invincible Tycoon, Cavalry ready, Ghalib on undercard
Younger S'poreans understand importance of Chinese language
Today's Singaporeans understand the importance of the Chinese language, and want to ensure that the next generation of Singaporeans have a good grasp of their mother tongue, said Prime Minister Lee Hsien Loong.
Great Eastern shares soar after OCBC makes $1.4b buyout offer
Bid at 25.60 per share is above May 9 market close, below embedded value
Duelling major shareholders share plans to tackle Cordlife's troubles
Move comes after SGX asks for clarity on how company will resolve current issues