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AmMetlife Gives Best Of Everything With Wealthassure
Last update: 27/02/2018

KUALA LUMPUR, Feb 27 (Bernama) --††AmMetLife Insurance Berhad (AmMetLife) has launched WealthAssure,†a limited premium payment non-participating endowment and investment-linked insurance plan which offers a combination of insurance protection, savings and investment.

The plan provides death and total and permanent disability (TPD) coverage and in addition, a guaranteed cash payment†payable every year starting from the end of policy year one.

With this benefit, customers have a choice to either receive the guaranteed cash payment†annually†or invest the guaranteed cash payment†in the chosen investment-linked fund of their policy at 100 per cent†allocation rate.

AmMetLife†chief†executive officer, Ramzi†Toubbash†together†with chief agency officer, Tai Chee Ming and chief marketing officer†Ang Swee†Choo officiated†at the recent launch of WealthAssure, the company's first product lined up for 2018.

"To enable customers to enjoy potential growth and the freedom of managing their investments for this insurance plan,†WealthAssure†offers customers a†variety of investment-linked funds†to choose from depending on the individual's risk appetite.

The account value of†WealthAssure†will depend on the price of the underlying units, which in turn depends on the investment performance of the customer's chosen fund," AmMetLife†said in a statement today.

However in the event of death or TPD, the basic sum assured plus total remaining guaranteed cash payments†until maturity and account value will be payable in one lump sum. Once the death or TPD coverage has been fully paid, the policy will be terminated.

WealthAssure†also provides additional accidental death coverage of†up to †500 per cent of basic sum assured†payable in one lump sum on top of the death benefit payable if death is due to an accidental cause.

Selecting the most appropriate premium and policy term is an important factor when planning for the right protection plan. Taking this into consideration,†WealthAssure†customers are offered†the option to select their preferred premium payment term and policy term.†This means customers can choose their payment term from a choice of six years, 10 years†and 20 years for the respective policy term of 20 years, 25 years and 35 years.

Once the policy reaches its maturity, customers will benefit from receiving a lump sum amount†which consists of the basic sum assured and the account value.

"With the all-inclusive plan ensuring our clients the necessary combination of protection, savings and investment, we want them to feel safe and protected through different stages of their lives," said Ramzi.

WealthAssure†is an agency product which is distributed by AmMetLife's strong network of life insurance agents nationwide. The plan is available to individuals aged from 30 days to 60 years (next birthday) for a policy term of 20 and 25 years respectively. As for a policy term of 35 years, it is available to individuals aged from 30 days to 50 years (next birthday) only.

For more information, visit† http://www.ammetlife.com or call AmMetLife customer service at 1300 88 8800.

--†BERNAMA


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