Kuala Lumpur, May 15 – AmMetLife Insurance Berhad launched its first product lined up for 2017 – ProtectElite, a Regular Premium Investment-Linked Plan that offers protection for Death and Total & Permanent Disability (TPD) with coverage for Cancer embedded into the plan. ProtectElite offers High Non-Medical Limit Up to RM1.75 million.
The launch of ProtectElite was officiated by Ramzi Toubassy, Chief Executive Officer, AmMetLife Insurance Berhad and Tai Chee Ming, Chief Agency Officer, AmMetLife Insurance Berhad.
ProtectElite lessens the financial burden of loved ones when the primary bread winner is no longer able to care for them. 100% of Basic Sum Assured or the Account Value, whichever is higher will be payable in one lump sum to loved ones in the event of Death or TPD. Should there be an unfortunate diagnosis of Cancer, 20% of the Basic Sum Assured will be payable in one lump sum. This coverage for cancer is subject to the Survival Period of thirty (30) days.
ProtectElite also provides Additional Coverage for Accidental Death where an additional 100% of Basic Sum Assured is payable. As for Accidental Death in Public Conveyance, an additional 200% of Basic Sum Assured is payable.
Multiple Premium Payment Term Options are made available to enable Malaysians from all walks of life to benefit from the protection offered by ProtectElite. This plan offers customers the convenience of choosing the preferred premium payment term from a choice of five years, 10 years, 20 years or up to age 100 (next birthday).
As a Regular Premium Investment-Linked Plan, ProtectElite offers customers a variety of Investment-Linked funds to choose from depending on the individual’s risk appetite.
“Recognising that Cancer ranks as one of the highest causes of death, AmMetLife has embedded the Cancer benefit into the protection plan which is the uniqueness of ProtectElite making it a first of its kind Regular Premium Investment-Linked Plan in Malaysia. ProtectElite has all the prominent features to suit the protection needs of Malaysians who want a confident lifestyle and at the same time have the opportunity to leave a legacy behind for their loved ones. With our customers in mind, we are committed to provide the best options as we work towards being the preferred life insurer of choice for all Malaysians,” said Toubassy.