AmMetLife

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AmMetLife Insurance Berhad
Company type
Private limited company
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Headquarters
Menara 1 Sentrum
Jalan Tun Sambanthan, Kuala Lumpur
,
Malaysia
Key people
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  • Wan Saifulrizal Wan Ismail (CEO)[1]
  • Sathasivan Kunchamboo (Chairman)
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Number of employees
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Websitewww.ammetlife.com

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AmMetLife Takaful Berhad
Company type
Private limited company
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Headquarters
Menara 1 Sentrum
Jalan Tun Sambanthan, Kuala Lumpur
,
Malaysia
Key people
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  • Family Takaful
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Websitewww.ammetlifetakaful.com

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AmMetLife is the name of Malaysian life insurance company, AmMetLife Insurance Berhad, and family takaful operator, AmMetLife Takaful Berhad. The companies are joint ventures between AmBank Group and New York-based MetLife. They offer a range of insurance and wealth protection products through AmBank's branch offices.[3]

AmMetLife was formed when MetLife agreed to purchase stakes in AmBank Group's life insurance and family takaful businesses for RM812 million.[4] The deal closed in April 2014.[5] MetLife has 50 percent plus one share in AmMetLife Insurance and 50 percent less one share in AmMetLife Takaful.[6] As part of the deal, AmMetLife has an exclusive 20-year agreement to sell insurance and takaful products through AmBank and AmIslamic Bank.[4]

As of March 2015, AmMetLife had an agency force of 1,100 and had the 10th highest market share among 14 life insurers in Malaysia.[3]

References

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