AmMetLife Introduces WealthSecure Max, an Affordable Endowment Plan Offering Malaysians Protection and Peace of Mind
AmMetLife Insurance Berhad (“AmMetLife”) announces the launch of WealthSecure Max, a non-participating limited premium endowment plan which offers guaranteed cash payments, which is affordable from as low as RM150 monthly. WealthSecure Max assures a maturity benefit equivalent to the total premium paid. It also provides customers with the flexibility to choose the amount they wish to save monthly as well as the duration of the savings and protection to match their financial goals and budget. Whilst offering protection benefits, the product provides longer coverage with shorter premium payments.
Mr Ramzi Toubassy, Chief Executive Officer, AmMetLife said, “In line with our new brand positioning ‘Live Ready’, we are determined to help our customers live confidently today and be ready for tomorrow. With this in mind, we designed WealthSecure Max, an affordable life insurance plan that not only provides protection but also offers guaranteed cash payments amounting to 6% of the initial sum assured every two years, starting after the second policy year. In the unfortunate event of death or total and permanent disability due to accidental or natural causes during the policy period, the beneficiary will receive a lump sum payment of up to 600% of the initial sum assured. At the end of the policy term and upon survival, you will get a guaranteed amount of the total premium paid. As a customer-centric company we endeavour to respond with suitable financial solutions. This plan combines protection and savings benefits of guaranteed cash payments, giving our customers certainty in planning for their future.”
WealthSecure Max is a bancassurance product and will be distributed through AmBank branches nationwide. Mr Paul Lewis, Managing Director, Retail Banking, AmBank (M) Berhad (“AmBank”) added, “We are pleased to announce that this is the first Bancassurance product which we are launching under the new AmMetLife brand from the partnership of AmBank Group and MetLife. Based on substantial consumer feedback, we have developed a plan for our customers to help them grow their wealth, coupled with protection benefits.”
The entry age for WealthSecure Max starts from 30 days old up to 55 years old.
For more information, contact the AmBank Contact Centre at 1 300 88 8000 or visit ambank.com.my.