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Great Eastern debuts Singapore first physical gold ILP fund

It becomes the first local provider to embed physical gold bars into insurance policies.

Great Eastern has unveiled a physical gold investment-linked policy (ILP) fund which offers a secure way to gain exposure to gold as part of a customer’s long-term financial planning.

The company said this marks the first time a financial services provider in Singapore has offered physical gold as an asset class within an insurance-linked policy. 

The fund allows customers to gain exposure to physical gold bars that are vaulted in Singapore and insured up to their full value, with standard exclusions. 

This offering is intended to provide an additional option for customers seeking to diversify their portfolios and protect against inflation.

Great Eastern Group CEO Greg Hingston stated that this initiative gives wealth-planning customers an additional way to strengthen the resilience of their portfolios in an uncertain environment.

This product was developed through a collaboration between Great Eastern and Lion Global Investors, both of which are part of the OCBC Group. 

The fund is available for investment under selected Great Eastern investment-linked plans. 

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