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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.[1]
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| Company type | Private limited company |
|---|---|
| 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 |
| Company type | Private limited company |
|---|---|
| Industry | |
| Predecessor | AmFamily Takaful 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 |
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]
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