The heading and paragraph 12 of the article that reads 'That revised offer meant policyholders could have reaped a good return had Great Eastern retained the stock in its Life fund and accepted the Tecity cash' are incorrect.

The sale of about 6.3 million shares in Straits Trading Company Limited last December was from the non-participating life insurance fund and not from the participating life insurance fund.

The interests of policyholders of participating life insurance products are therefore not affected by the sale, which has absolutely no impact on the returns on participating policies.

In the case of non-participating life insurance products, policyholders do not share the profits/losses of the fund because these products already provide guaranteed benefits and investment return.

This clarification is to allay any concerns that our policyholders may have. A similar announcement has been made via the SGXNet.

Boon-Gek Mudeliar (Mrs)
Head
Corporate Communications
Great Eastern Life Assurance Co Ltd