Great Eastern, Singapore’s oldest life insurer founded in 1908, brings a century of heritage to the home insurance market. But does that history translate into affordable, reliable coverage for your home and belongings? This guide examines Great Eastern’s home insurance products, explains how to manage your policy, and shows how it stacks up against the competition.

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Founded: 1908 · Headquarters: Singapore · Parent Company: OCBC Bank · Product Name: GREAT Home Protect · Coverage Type: All-risks first loss basis · Max Cover Amount: S$25,000

Quick snapshot

1Confirmed facts
2What’s unclear
  • Future premium adjustments – not publicly disclosed in policy documents (Great Eastern policy wording PDF)
  • Detailed claim approval rates – not published by Great Eastern (SingSaver comparison review)
  • Exact market share among home insurers in Singapore – no recent data from official sources (Great Eastern policy wording PDF)
3Timeline signal
  • 1908 – Great Eastern Life Assurance Company established (Great Eastern official product site)
  • 2007 – Acquired by OCBC Bank (Great Eastern General Insurance corporate page)
  • 2020 – Introduction of GREAT Home Protect (Great Eastern official product site)
4What’s next
  • Great Eastern continues to expand digital services – policy management and claims submitted online (Great Eastern official product site)
  • Growing demand for home insurance in Singapore amid rising property values – insurers adjusting coverage limits (Great Eastern official product site)

Seven key facts about Great Eastern’s home insurance, one pattern: the company leverages its long heritage and strong financial backing to offer a straightforward all-risks product, but faces competition from newer, more flexible insurers.

Attribute Value
Full Name Great Eastern Life Assurance Company Limited
Year Established 1908
Parent Company OCBC Bank
Headquarters Singapore
Product Name GREAT Home Protect
Coverage Type All-risks First Loss Basis
Max Cover Amount S$25,000