ProtectValue

With ProtectValue by AmMetLife, rest assured that your aspirations for protected future will be covered by a blanket of financial security at all times. This innovative bancassurance plan offers a multitude of benefits such as high protection for Death and Total & Permanent Disability, multiple premium payment term options, 6 years No Lapse Guarantee, high non-medical limit and cancer benefit of 50% of basic sum assured.

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This is a bancassurance product.

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ProtectElite

ProtectElite is a Regular Premium Investment-Linked Plan which offers you the convenience of choosing the preferred premium payment term from a choice of 5 years, 10 years, 20 years or up to age 100 (next birthday).

This plan protects your loved ones in the event of Death and Total & Permanent Disability (TPD). If an unfortunate situation were to happen such as Accidental Death, additional Accidental Death Benefit will be payable. Should you be diagnosed with Cancer, a lump sum payment will be payable to relieve you and your family from any unexpected expenses.

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This is an Agency product.

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Protect20

Protect20 is a traditional non-participating regular premium term plan that provides 20 years of coverage against Death and Total and Permanent Disability (TPD).

Click here to know more about protecting the best years of your life.

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ProtectSecure Style+

ProtectSecure Style+ is a regular premium investment-linked plan that is ideal for individuals who want to enjoy the best of both protection and savings in a single plan.

Depending on your lifestyle and financial goals, it is designed to meet your needs and commitments at different life stages. Be it growing your protection fund for medical expenses, savings fund for your retirement or child’s education, this plan gives you flexibility and total control to achieve your goals.

This is a Bancassurance product.

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You have the freedom to choose from a variety of investment-linked funds based on your risk appetite or grow your investment by topping up your premium. In times of need, you may even withdraw partially from your investment-linked funds.

In ensuring a secured future for you and your loved ones, this plan allows you to add riders to enhance your protection, giving you a complete insurance coverage

ProtectSecure Style+, the peace of mind you need to enjoy life to the fullest.

*This is an insurance product that is tied to the performance of the underlying assets, and are not pure investment products such as unit trusts.

The product is limited to the participating branches in Klang Valley only. Please refer to the full list of participating branches for further details.

Click here for the full list of participating branches

ENJOYING PROTECTION

Death or Total & Permanent Disability (TPD)

In the unfortunate event of death or TPD, the Basic Sum Assured* is payable together with the Account Value^. TPD benefit is covered only up to policy anniversary immediately preceding the 65th birthday of the Life Assured. The maximum TPD Sum Assured payable is subject to the combined limit of RM4,000,000 under all insurance policies covering TPD on the same Life Assured which the Life Assured has with the Company.

Critical Illness

If the Life Assured is diagnosed with any of the 36 critical illnesses, the Basic Sum Assured* is payable. The maximum Critical Illness benefits payable is subject to the combined limit of RM2,000,000 under all insurance policies covering Critical Illness on the same Life Assured which the Life Assured has with the Company.

After the payment of Critical Illness benefit, the policy remains in force until death or TPD of the Life Assured or maturity, and the policy will pay the Death benefit or TPD benefit or maturity benefit.

Attachable Riders

To enhance your protection and strengthen your financial safety net, you can choose to add any of the standard riders subject to availability.

* Basic Sum Assured is the sum assured of the Basic Policy.
^ Account Value refers to the total value of all uncancelled units allocated to the policy based on the unit price at the next valuation date.

SAVING FOR A BETTER FUTURE

Flexibility and Control

You can choose the amount of insurance coverage based on your financial commitment at different stages of life, subject to the limits of minimum sum assured imposed by Bank Negara Malaysia. You may opt for a lower level of insurance protection but a higher allocation into investment or vice versa.

Wide Range of Investment-linked Funds

Depending on your risk appetite and financial goals, ProtectSecure Style+ has a variety of investment-linked funds for you to choose from. You are advised to read the Summary of Funds for the list of available investment-linked funds and their respective fund objectives and investment strategies.

Partial Withdrawal

You are free to utilise your money in your ProtectSecure Style+ in times of need. You may redeem your units for cash with a minimum withdrawal amount of RM1,000 subject to payment of a partial withdrawal charge of RM50 and a minimum of RM2,000 remaining Account Value after withdrawal.

SAVING FOR A BETTER FUTURE

Maturity

Upon maturity at age 99, the Account Value as at the Maturity Date is payable when the policy matures and has not been earlier terminated in accordance with the terms and conditions stated in the policy contract and provided if there is any value in the account upon maturity.

Surrender

The policy may be surrendered for the Account Value of the policy at anytime subject to payment of a surrender charge of RM100 or 10% of the surrender value**, whichever is lower.


** Surrender value here equals the Account Value as at the notice of surrender received by us. Total amount that you will receive upon surrender is surrender value less the surrender charge and any outstanding payment due to us, if any.


Allocation Rates

Policy Year 1 2 3 4 5 & above
Allocation Insurance Portion 70% 70% 75% 85% 100%
Investment Portion 95% 95% 95% 95% 95%

Top up premium allocation rates: 95%


Commission - Commission is borne by you and paid from your premium.

Policy Year 1 2 3 4-10 11 & above
Commission Rates Insurance Portion 25% 15% 15% 5% 0
Investment Portion 3.75% 3.75% 3.75% 3.75% 3.75%

Note: Commission rate of 25% in 1st policy year for insurance portion includes 5% of production bonus provided that sales representatives meet production requirement. Commission rate of 15% in 2nd and 3rd policy year for insurance portion include 10% of persistency bonus provided that sales representatives meet persistency requirement.


Fees & Charges
Insurance Charges A monthly insurance charge is deducted which is based on the Basic Sum Assured and the attained age, gender, occupational rating and medical rating of the Life Assured.
Switching Fee Two (2) free switches per policy year. Subsequent switches will be charged RM50 per switch within the same policy year.
Fund Management Fee Maximum 1.5% p.a. of NAV* (Except for Bond Fund in which the maximum is 1.0% p.a. of NAV*)
Policy Fee RM5 per month
Surrender Charge RM100 or 10% of the value of the units, whichever is lower, on full surrender.
Partial Withdrawal Charge RM50 per withdrawal

*NAV = Net Asset Value
All fees and charges are not guaranteed. The Company may vary the fees and charges by giving three (3) months' prior written notice to you before any variation; such variation, if any, will apply only from the following policy anniversary onwards.

Exclusions

  • Suicide – If death is due to suicide within one year from the effective date or date of any reinstatement of the policy, whichever may be later, the policy will pay the Account Value as at the date a claim is submitted to the Company.
  • Waiting period – if Critical Illness is diagnosed within thirty (30) days of the effective date or date of any reinstatement of the policy, whichever may be later, the policy will not pay any moneys for the Critical Illness benefit.
  • TPD shall not cover any disability caused directly or indirectly, wholly or partly, by any of the following occurrences:
  1. Self-inflicted injury or any attempted threat while sane or insane; or
  2. War declared or undeclared, participation in riots, strikes or civil commotion; or
  3. Military or naval service in time of declared or undeclared war or while under orders for war like operations or restoration of public order; or
  4. Entering, operating or servicing, ascending or descending from or with any aerial device or conveyance except while the Life Assured is in an aircraft operated by a commercial passenger airline on a regular scheduled passenger trip over its established passenger route or when the Life Assured is a passenger of a fully licensed aircraft or helicopter service operating in areas not serviced by a regular scheduled passenger aircraft; or
  5. If the Life Assured is found to be infected by any Human Immunodeficiency Virus (HIV) or Acquired Immune Deficiency Syndrome (AIDS), AIDS Related Complex (ARC) except if due to blood transfusion; or
  6. While under the influence of drugs or intoxicating liquor or while insane; or
  7. Disability sustained prior to effective date of the policy.

Note: This list is non-exhaustive. Please refer to the policy contract for the full list of exclusions under the policy.


Benefits * You are given 11 options of funds to choose from:
AmMetLife Equity Fund Mainly invest in a diversified portfolio of equity and equity-related securities
AmMetLife Bond Fund Invest in a portfolio of fixed income securities
AmMetLife Balanced Fund Invest in a balance portfolio consisting of equities, equity related securities and fixed-income securities
AmMetLife Dana Teguh* Invest in a diversified portfolio of Syariah-approved equities, equity related securities and fixed income securities
AmMetLife Dividend Fund Invest primarily in equities and/or equity related securities of companies that offer sustainable dividend payments and attractive yields.

* This investment-linked plan is not a Syariah-compliant product. However, investments of these funds are in Syariah-approved securities.


Benefits * You are given 11 options of funds to choose from:
AmMetLife Tactical Bond Fund Achieve moderate capital appreciation over the medium to long-term horizon through investing mainly in a Target Fund,
AmMetLife Asia Pacific REITS Funds Achieve moderate capital appreciate over the medium to long-term horizon, investing mainly in a Target Fund, where the Target Fund aims to provide regular income and to a lesser extent, capital appreciation by investing in real estate investemnt trusts (REITs).
AmMetLife Oasis Islamic Fund* The Fund seeks to achieve capital appreciation over the medium to long term via investments.
AmMetLife Global Emerging Market Fund The Fund seeks to achieve capital appreciation over the long-term hoirzon through investments.

* This investment-linked plan is not a Syariah-compliant product. However, investments of these funds are in Syariah-approved securities.


Benefits * You are given 11 options of funds to choose from:
AmMetLife Global Agribusiness Fund The Fund seeks to achieve capital appreciation over the long-term horizon through investing mainly in a Target Fund.
AmMetLife Precious Metal Funds* The Fund seeks to achieve capital appreciation over the medium to long-term horizon through investing mainly in a Target Fund.

* This investment-linked plan is not a Syariah-compliant product. However, investments of these funds are in Syariah-approved securities.

AmMetLife Lifestyle

There are many types of investment plans in the market today. That is a reflection of the growing awareness among people to plan their future and protect themselves in times of need. Most plans are either strictly investment plans that aim to generate income/returns or merely provide protection. Plans that offer a combination of both savings and protection are often one part heavier than the other.

At AmMetLife Insurance Berhad, we believe that every individual deserves the best we can offer.

*This is an insurance product that is tied to the performance of the underlying assets, and are not pure investment products such as unit trusts.

This is an Agency product.

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Enjoy the benefits of both worlds at an affordable premium in just one unique plan

Introducing AmMetLife Lifestyle, a Non-participating Open-End Regular Premium Investment Linked Plan designed to provide the perfect balance between investment and protection in a single comprehensive plan.

A plan that plans for your needs throughout the vital stages of your life

Your needs constantly change as you progress in life. The need for savings, protection, funding your childrens’ education, wealth creation as well as retirement are important phases that requires adequate financial planning. With AmMetLife Lifestyle, you can fulfil your life’s ambitions and meet every life stage’s priorities.

Death or Total & Permanent Disability (TPD) In the event of death or TPD at any time when the policy is in force, the Guaranteed Basic Sum Assured PLUS the current value of units at unit price is payable. TPD benefits are payable only up to age 65. The maximum TPD limit is RM 1 Million.
Critical Illness In the event of critical illness at any time when the policy is in force, the Basic Sum Assured is payable. The policy will remain in force until a claim is made for death or TPD. Critical illness coverage is provided up to the age of 99. The maximum limit for this benefit payout is RM1 million.
Partial Withdrawal You may make partial withdrawal from the policy at any time. A partial withdrawal charge of RM50 per withdrawal, subject to a minimum withdrawal amount of RM1,000 and minimum investment balance of RM2,000 across all funds.
Maturity Upon maturity, the current value of units at unit price is payable.
Premium Top Ups Choose to top up your investment at any time to accommodate you needs. Topping up of premium will help boost your policy's maturity value. Minimum top up amount is RM50.
Switch Investment Funds You have the flexibility to switch funds within our selected group of managed funds to maximise your fund value. The fund processing fees for the first two switches in every policy year is free, while subsequent switches are charged RM50 each.

Investment-Linked Fund Management

Funds will be managed by AmMetLife Insurance Berhad or any fund management organisation as determined by AmMetLife which:

  • is professionally managed by a group of fund managers who invest in a wide range of funds
  • is committed to secure your financial future by optimising returns on investments within acceptable risk boundaries.

Eligibility:

Life Assured: Minimum Age - 30 days, Maximum Age - 60 years.
Policy Owner: Minimum Age - 18 years, Maximum Age - 60 years


Benefits * You are given 11 options of funds to choose from:
AmMetLife Equity Fund Mainly invest in a diversified portfolio of equity and equity-related securities
AmMetLife Bond Fund Invest in a portfolio of fixed income securities
AmMetLife Balanced Fund Invest in a balance portfolio consisting of equities, equity related securities and fixed-income securities
AmMetLife Dana Teguh* Invest in a diversified portfolio of Syariah-approved equities, equity related securities and fixed income securities
AmMetLife Dividend Fund Invest primarily in equities and/or equity related securities of companies that offer sustainable dividend payments and attractive yields.

* This investment-linked plan is not a Syariah-compliant product. However, investments of these funds are in Syariah-approved securities.


Benefits * You are given 11 options of funds to choose from:
AmMetLife Tactical Bond Fund Achieve moderate capital appreciation over the medium to long-term horizon through investing mainly in a Target Fund,
AmMetLife Asia Pacific REITS Funds Achieve moderate capital appreciate over the medium to long-term horizon, investing mainly in a Target Fund, where the Target Fund aims to provide regular income and to a lesser extent, capital appreciation by investing in real estate investemnt trusts (REITs).
AmMetLife Oasis Islamic Fund* The Fund seeks to achieve capital appreciation over the medium to long term via investments.
AmMetLife Global Emerging Market Fund The Fund seeks to achieve capital appreciation over the long-term hoirzon through investments.

* This investment-linked plan is not a Syariah-compliant product. However, investments of these funds are in Syariah-approved securities.


Benefits * You are given 11 options of funds to choose from:
AmMetLife Global Agribusiness Fund The Fund seeks to achieve capital appreciation over the long-term horizon through investing mainly in a Target Fund.
AmMetLife Precious Metal Funds* The Fund seeks to achieve capital appreciation over the medium to long-term horizon through investing mainly in a Target Fund.

* This investment-linked plan is not a Syariah-compliant product. However, investments of these funds are in Syariah-approved securities.

AmMetLife Mega

Most of us recognise the need for some kind of financial plan to help us live the life we want. Be it to build a dream home, pursue a desired lifestyle or lead a carefree retirement, being financially prepared for every stage of our life is important. While you work hard towards achieving your financial goals, it is wise to ensure that you and your family are protected in the event of any unexpected calamity.

This is a Bancassurance product.

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About AmMetLife Mega

AmMetLife Mega is a Non-Participating Single Premium Whole Life Plan that offers both Insurance Coverage and Guaranteed Cash Value. This unique plan provides you Insurance Coverage up to the age of 85 with Basic Sum Assured that as high as 5 times* of the Single Premium. What’s more, it generates Guaranteed Cash Value to help meet your financial needs at different stages of your life.

With AmMetLife Mega, it is wonderful to know that a Single Premium is all it takes to enjoy uninterrupted protection and growing Cash Value for many years to come.

* Basic Sum Assured is 5 times of the Single Premium when the Life Assured’s entry age is between 16 and 20 years old.

Guaranteed benefits … giving you peace of mind

Death or Total and Permanent Disability (TPD) - Basic Sum Assured or Guaranteed Cash Value, whichever is higher, will be payable upon Death or TPD**.
**TPD benefits are payable up to age 65. The amount payable is limited to RM2,000,000 per life basis.

Surrender - Guaranteed Cash Value is payable upon surrender of the policy.

Maturity - You will receive Guaranteed Cash Value upon policy maturity at age 85.

How it Works

Planning your insurance coverage for uninterrupted protection

The Basic Sum Assured is determined by the Life Assured’s* entry age and Single Premium amount.

Age Next Birthday Basic Sum Assured as a Multiple of Single Premium
16 - 20 5 times
21 - 30 4 times
31 - 40 2.5 times
41 - 50 2 times
51 - 55 1.75 times
56 - 65 1.5 times
66 - 70 1.25 times

* For standard life only

Disclaimer: The information, statement and/or descriptions contained herein are strictly meant to be general information for quick reference and illustration purposes only and are not intended to be the complite description of all terms and conditions applicable to any products mentioned herein. Please refer to the Product Disclosure Sheet (PDS) for more information.

For further clarification and information, you may contact our Customer Care Centre at 1300 88 8800.