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AmMetLife launches plan with embedded cancer benefit
Last update: 05/10/2018

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KUALA LUMPUR, Oct 5 (Bernama) – AmMetLife Insurance Berhad (AmMetLife) recently launched the ProtectValue, an investment-linked plan with 5, 10 or 20 years of payment terms.

The plan offers protection for Death and Total & Permanent Disability (TPD), and embedded with coverage for cancer.

In a statement, AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir said, “We are proud to partner with AmMetLife in the distribution of ProtectValue to our customers, through our network of 174 branches and eight AmSignature Priority Banking centres.

“It is available to individuals aged from 16 to 70 years old. We have received positive response from our customers since the soft launch, and we are optimistic that ProtectValue will further strengthen our bancassurance and wealth management suites of products.”

ProtectValue is designed to lessen the financial burden of loved ones when the primary breadwinner is no longer able to care for them. In the event of Death and TPD, 100 per cent of Basic Sum Assured or the Account Value - whichever is higher - will be payable in one lump sum to loved ones.

ProtectValue also offers a No Lapse Guarantee within the first six policy years from the effective date, subject to the terms and conditions.

For more information, visit the nearest AmBank branch or www.ammetlife.com, or dial 1300 88 8800.

-- BERNAMA


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Source: Bank Negara Malaysia

Starting April the banks have imposed a 50 sen processing fee on top of the 15 sen stamp duty on each cheque. The fee also applies to those applying for a Banker’s Cheque, Bank Draft and Cashier’s Order. Do you think this additional charge is justified?
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