AmMetLife is the name of Malaysian

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

company, AmMetLife Insurance Berhad, and family

takaful Takaful ( ar, التكافل, sometimes translated as "solidarity" or mutual guarantee) Khan, ''What Is Wrong with Islamic Economics?'', 2013: p.403 is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic ...

operator, AmMetLife Takaful Berhad. The companies are joint ventures between AmBank Group and New York-based

MetLife MetLife, Inc. is the holding corporation for the Metropolitan Life Insurance Company (MLIC), better known as MetLife, and its affiliates. MetLife is among the largest global providers of insurance, annuities, and employee benefit programs, wi ...

. They offer a range of insurance and wealth protection products through AmBank's branch offices. AmMetLife was formed when MetLife agreed to purchase stakes in AmBank Group's life insurance and family takaful businesses for RM812 million. The deal closed in April 2014. MetLife has 50 percent plus one share in AmMetLife Insurance and 50 percent less one share in AmMetLife Takaful. As part of the deal, AmMetLife has an exclusive 20-year agreement to sell insurance and takaful products through AmBank and AmIslamic Bank. As of March 2015, AmMetLife had an

agency Agency may refer to: Organizations * Institution, governmental or others ** Advertising agency or marketing agency, a service business dedicated to creating, planning and handling advertising for its clients ** Employment agency, a business that ...

force of 1,100 and had the 10th highest market share among 14 life insurers in Malaysia.

References

External links

Official Website - AmMetLife Insurance

Official Website - AmMetLife Takaful
Insurance companies of Malaysia Takaful companies of Malaysia Companies based in Kuala Lumpur Financial services companies established in 2014 2014 establishments in Malaysia Privately held companies of Malaysia {{Malaysia-company-stub