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AmMetLife AutoLife

Get protected and drive with peace of mind

Presenting AmMetLife AutoLife, a life insurance plan that ensures your car will always remain yours. With AmMetLife AutoLife, should unforeseen circumstances like Death or Total and Permanent Disability (TPD) happen to you, AmMetLife Insurance will settle the outstanding hire purchase loan on decreasing sum assured basis to your bank. So, protect your car loan now, and have peace of mind.

Learn more about our family insurance plans and how it can benefit you through every stage of life by downloading our brochure.

This is a Bancassurance product.

Features & Benefits

Benefits

Single Premium with Long Term Protection

• An initial sum assured equal to the amount of your outstanding loan
• The sum assured will be reduced in accordance with the installment payments according to the Table of Reducing Sum Assured attached to the policy

Single Premium with Long Term Protection

• With only one payment, you are assured of a long-term protection for the entire duration of the hire purchase repayment period

24-Hour Worldwide Coverage

• You’ll receive coverage for Death or TPD (up to age 65), anytime, anywhere

One Lump Sum Payment

• In the event of claim due to Death or TPD, we will pay the proceeds to the financier in one lump sum

Eligibility

• All borrowers age of next birthday between 18 to 50
• Minimum term of assurance is one (1) year
• Maximum term of assurance is nine (9) years

FAQ
Is AmMetLife AutoLife payable on top of all other insurance plans that I have? Collapsed Expanded

The reduced sum assured will be paid even if you have several other insurance plans.

Does the death or TPD have to be as a result of a car accident should I need to make a claim against this policy? Collapsed Expanded

No. AmMetLife AutoLife offers 24-hour global coverage against death or TPD due to both natural causes and accident.

How to make a claim? Collapsed Expanded

Simply make contact at the branch where the AmMetLife AutoLife policy was signed or at the closest AmMetLife Insurance branch by providing the necessary documents. We will pay the insurance proceeds to your bank to settle your hire purchase loan according to the Table of Reducing Sum Assured as shown in the policy schedule.

How can I get covered by AmMetLife AutoLife? Collapsed Expanded

If you are new or existing borrower, you can complete the proposal form at any AmBank or AmMetLife Insurance branch.