Type | Private limited company |
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Industry | |
Predecessor | AmLife Insurance Berhad |
Founded | 30 April 2014 |
Headquarters | Menara 1 Sentrum , Jalan Tun Sambanthan, Kuala Lumpur Malaysia |
Key people |
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Products | |
Parent |
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Website | www |
Type | Private limited company |
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Industry | |
Predecessor | AmFamily Takaful Berhad |
Founded | 30 April 2014 |
Headquarters | Menara 1 Sentrum , Jalan Tun Sambanthan, Kuala Lumpur Malaysia |
Key people |
|
Products |
|
Parent |
|
Website | www |
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. [1]
AmMetLife was formed when MetLife agreed to purchase stakes in AmBank Group's life insurance and family takaful businesses for RM812 million. [2] The deal closed in April 2014. [3] MetLife has 50 percent plus one share in AmMetLife Insurance and 50 percent less one share in AmMetLife Takaful. [4] As part of the deal, AmMetLife has an exclusive 20-year agreement to sell insurance and takaful products through AmBank and AmIslamic Bank. [2]
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. [1]
Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the Asean countries and ranked 70th among the world’s most valuable bank brands.
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AIA PUBLIC Takaful Bhd. is a Malaysian takaful company, jointly owned by AIA Group Limited and Public Bank Berhad.
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