Great Prestige Portfolio Review [2023] | Dollar Bureau


Great Prestige Portfolio Review

Articles written are independent opinions, and are not affiliated/sponsored unless specifically mentioned.

great prestige portfolio review

Table of Contents

Great Eastern Prestige Portfolio is an investment-focused investment-linked plan (ILP) that lets you invest your cash and from your Supplementary Retirement Scheme (SRS) funds.

Unlike other ILPs offered by Great Eastern, the Great Prestige Portfolio stands out by letting you invest in non-GreatLink funds.

In this post, we reviewed Great Eastern’s Great Prestige Portfolio to help you decide if it’s the best policy to meet your goals.

Keep reading.


  • Minimum single premium of $20,000
  • Minimum regular premium of $250/month
  • Minimum recurrent single premium of $250/month


General Features

Premiums Payment Options

You have 3 premium payment options available:

  • Regular Premium – Cash
  • Recurrent Single Premium – SRS
  • Single Premium – Cash & SRS
Premium frequency Minimum premium amount for regular and recurrent single premium
Yearly S$3,000
Half-yearly S$1,500
Quarterly S$750
Monthly S$250


Death Benefit

In the event of your unfortunate demise, your beneficiaries can expect to receive the death benefit.

The death benefit is calculated as your total investment value in all the funds you’ve selected.

Accidental Death Benefit

Depending on the type of premium that you are paying, your beneficiaries will receive the Accidental Death Benefit if death occurs due to an accident before reaching the age of 80 next birthday:

Regular Premium Recurrent-single Premium Single Premium
Basic Sum Assured S$10,000
  • The basic sum assured being:

100% of all amounts

withdrawn (if any).

  • 105% of all investment

top-ups (if any); less

  • 105% of all recurrent

single premium paid;




The minimum basic sum

assured is currently S$1,000

  • The basic sum assured being:

100% of all amounts

withdrawn (if any).

  • 105% of all investment

top-ups (if any); less

  • 105% of all recurrent

single premium paid;



The minimum basic sum

assured is currently S$1,000

Accidental Death Benefit Basic sum assured and the total investment value
  • The total investment value, or;
  • The basic sum assured;


whichever is higher.

  • The total investment

value, or;

  • The basic sum assured;

whichever is higher.

If death due to an accident occurs on or after the 80th birthday next year, the policy pays the total investment value.

Key Features

Investment Top-ups

You can increase your policy’s investment value through top-ups but must meet certain conditions.

For instance, each top-up must be at least S$500, and a minimum of $200 must be allocated to each fund.

So if you have 3 funds, that’s a minimum of $600.

In addition, Great Eastern will determine the maximum amount for each top-up payment and is subject to financial underwriting.

Varying Of Premiums

If you’re paying regular or recurrent single premiums, you can adjust your premium amount within the minimum and maximum limits allowed.

The minimum and maximum amounts are unspecified.

Changing Premium Apportionment Rates

Suppose your preferences for risk and returns evolve; you can adjust the allocation of your regular or recurrent single premiums into the available funds without incurring any fees.

Once this is approved, the new premium apportionment will apply to all future payments.

Fund Switching

You can request a unit switch for any or all units in one fund, which can be switched to other available funds within the policy.

The minimum value of units for each fund switch must be at least $1,000, and the original fund must maintain a minimum value of $1,000 after the switch has been made.

I think this is pretty weird – what if I don’t want to be invested in that original fund anymore?

My $1,000 is stuck there.

Partial Withdrawals

You will be happy to know that you can make partial withdrawals with the Great Prestige Portfolio.

The minimum partial withdrawal is $1,000, and there must be a minimum of $1,000 left in your account.

For recurrent single premium and single premium plans, the basic sum assured will be reduced after each withdrawal subject to the minimum basic sum assured.

If you used funds from your Supplementary Retirement Scheme (SRS) account to purchase this plan, any amount you partially withdraw will be returned to your SRS account.

Policy Surrender

If you wish to surrender your policy, you can do so at any time and receive its total investment value subject to certain terms and conditions.

If you used funds from your Supplementary Retirement Scheme (SRS) account to purchase this plan, the amount you receive will be returned to your SRS account.

Great Prestige Portfolio Top 10 Performing Sub-Funds

The Great Prestige Portfolio invests in unit trusts.

Name 5y ann.
Fidelity Global Technology A Acc USD 16.72
Janus Henderson Horizon Global Technology Leaders A2 Acc SGD 10.54
BlackRock GF World Healthscience A2 Hedged SGD 9.57
BlackRock GF World Mining A2 Hedged SGD 9.02
Schroder ISF Global Climate Change Equity A Acc NAV SGD 8.66
LionGlobal Taiwan Acc SGD 8.04
AB Sustainable Global Thematic Fund A SGD 7.91
Franklin U.S. Opportunities A Acc SGD 7.76
JPM US Value A Acc NAV SGD 7.67
Schroder ISF Global Equity Alpha A Acc NAV USD 7.6

Accurate as of Apr 2023.

Great Prestige Portfolio Fees And Charges

Premium Charge

A premium charge of up to 3% will be deducted from each payment of the premium and top-up you make.

Interestingly, you can request to change the percentage of the premium charge after the policy start date up to a maximum of 5%.

However, I’m not sure what minimum premium charges you’ll have to pay or how easy it is to reduce this charge.

If you have purchased the Great Prestige Portfolio using your Supplementary Retirement Scheme (SRS) funds, then the terms and conditions of SRS will apply.

All payments made according to the policy will be subject to the SRS’s terms and conditions.

Wrap Fee

The monthly wrap fee will be deducted from your total investment value in proportion to the value of each fund at the time of deduction.

The wrap fee is a percentage of your total investment value, up to 1.5% per year.

The first fee payment is due one month after the policy’s start date and every month after that.

However, you can request to change the wrap fee percentage to a maximum of 2% per year.

Switching Fee

Currently, the plan has no switching fee if you wish to switch funds.

However, they may impose a switching fee by giving a month’s notice.

Policy Fee

A monthly policy fee of 0.2% per annum is deducted from your total investment value.

The first policy fee is due on the policy start date.

Summary of the Great Prestige Portfolio

Cash and Cash Withdrawal Benefits
Cash Value Yes
Cash Value Benefits Yes
Health and Insurance Coverage
Death Yes
Total Permanent Disability No
Terminal Illness No
Critical Illness No
Early Critical Illness No
Health and Insurance Coverage Multiplier
Death No
Total Permanent Disability No
Terminal Illness No
Critical Illness No
Early Critical Illness No
Optional Add-on Riders No
Additional Features and Benefits Yes

My Review of the Great Prestige Portfolio

The Great Prestige Portfolio is a great choice if you’re looking for a single premium ILP from Great Eastern to invest your CPF or SRS funds.

Single premium starts at $20,000; if you’re looking for smaller recurring premiums, it starts at $250/month.

Unlike Great Easterns’ GREAT Wealth Advantage (GWA), the Great Prestige Portfolio invests directly into unit trusts instead of their own insurer sub-fund – giving you better returns.

This also has lower fees than the GWA – 1.7% p.a – compared to Great Wealth Advantage’s 2.5% + fund charges.

You have to make sure you’re investing a lump sum, or else the 3% premium charges on the Great Prestige Portfolio will quickly eat up your premiums.

Oh, another good thing is that this policy doesn’t have any minimum investment period – so you won’t incur any surrender charges!

If you’re looking for ILPs that let you invest your CPF/SRS funds with lower minimum investments, check out the PRULink InvestGrowth, NTUC WealthLink, or AIA Invest Easy.

The AIA Invest Easy is great for those making recurring single premium investments via your SRS/CPF.

However, if you’re looking to make regular investments into an ILP, perhaps consider the FWD Invest First Plus, Singlife Savvy Invest, or the Manulife InvestReady III.

These policies have lower fees. The only trade-off is that there are minimum investment periods – the lowest being Manulife InvestReady III at 3 years only.

However, before you make a decision, it’s always best to explore your choices or look for a second opinion by talking to a financial advisor.

We partner with unbiased MAS-licensed financial advisors to help you with this.

Click here to talk to a financial advisor.


Disclaimer: Each article written obtained its information from reliable sources and should be purely used for informational purposes only. The information provided by Dollar Bureau and its affiliated parties is not meant to be construed as financial advice. Dollar Bureau shall not be held liable for any inaccuracies, mistakes, omissions, and losses incurred should you act upon any information listed on this website. We recommend readers to seek financial planning advice from qualified financial advisors. 

Dollar Bureau is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for website owners to earn advertising fees by advertising and linking to amazon(.com, .sg, .ca etc) and any other website that may be affiliated with Amazon Service LLC Associates Program.

Other Useful Reads

More than 50% of Singaporeans are overpaying for insurance

Use our FREE insurance calculator to find out if you’re one of them.

Over 600 Singaporeans are taking control of their finances. You should too.