Great Eastern is providing opportunities for graduates, students and job seekers amid the economic and employment uncertainty brought about by COVID-19. It has also raised an additional S$265,000 to support vulnerable segments in the community.
Traineeships and Internships
Great Eastern will offer over 200 traineeship positions of up to 12 months to graduates from the Institute of Technical Education, Polytechnics, Universities and other private institutions. This is in support of the SGUnited Traineeships Programme in collaboration with the government.
Trainees will have the opportunity to develop valuable skills and industry experience under one of three tracks - Digital and Technology Track, Business Track or Corporate and Governance Track - and be supported by structured on-the-job training, virtual coaching, and comprehensive e-learning programmes.
Internship placement opportunities for over 100 students from Institutes of Higher Learning will be available to provide insights into the insurance industry and operations and to help prepare them for the workforce. The company will also continue its successful Corporate Management Associate Programme to provide university graduates the opportunity to accelerate their careers in a dynamic learning environment.
Opportunities for 1,000 people
Additionally, the company has opened opportunities for up to 1,000 people to join its growing agency force.
In June, Great Eastern will be launching a specialised programme, named The Lifeproof Academy, to offer complimentary financial planning and valuable self-improvement lessons to help people get financially savvier, and at the same time to provide support and mentorship to those interested in learning more about financial planning as a career.
This will complement its existing development programmes offering comprehensive training, digital tools and structured career advancement to help potential financial representatives succeed.
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Khor Hock Seng, Great Eastern’s Group Chief Executive Officer, said: “We are pleased to do our part in creating meaningful opportunities for job seekers where possible… Through our programmes and with the guidance of our experienced team, we hope to transfer useful professional skills and experience to kick-start their careers, so that they in turn will be able to contribute to the wider economy in the future, especially as current circumstances caused by Covid-19 could last well beyond the year.”
Great Eastern employees and financial representatives raised additional $265,000
Great Eastern has also raised an additional $265,000 for the Community Chest in its latest employee/financial representative-led effort. This is in addition to its $200,000 corporate donation to the Community Chest’s Courage Fund earlier this February.
The online Covid-19 fund-raising effort under its Great Eastern Cares Community Fund on Giving.sg - created by the National Volunteer & Philanthropic Centre (NVPC) - was started in May during Singapore’s circuit breaker period.
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Through its Great Eastern Cares corporate social responsibility umbrella, the company is helping communities that have been impacted by COVID-19, especially low-income families who may have lost their livelihood and are struggling with their daily needs.
The monies raised by the company-wide effort aims to bring relief to the beneficiaries supported by AWWA, Care Corner Singapore and New Hope Community Services. Funds will go towards providing crucial support during this period through hot meals, food supplies, medicine, shelter for the displaced and hardship subsidies for those affected.
Additional assistance to customers
Great Eastern has also provided additional assistance to customers in the markets where it operates.
In February, it pledged a S$1 million COVID-19 Customer Care Fund for Singapore-based customers and their family members for hospitalisation due to the pandemic. The company further expanded this to a RM1 million Financial Assistance Programme in Malaysia, a Rp10 billion Corporate Care Fund Programme in Indonesia, and a B$50,000 support package in Brunei to help affected customers in the respective countries.
Others include Deferment of Premium Payment Programmes in Singapore and Malaysia for example, to provide a grace period for customers’ life insurance premium payments to ensure their policy coverage continues uninterrupted.
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