AmMetLife

{{Short description|Life insurance company}}

{{Infobox company

| name = AmMetLife Insurance Berhad

| logo = AmMetLife_logo.png

| type = Private limited company

| predecessor = AmLife Insurance Berhad

| foundation = {{Start date and age|df=yes|2014|4|30}}

| location_city = Menara 1 Sentrum
Jalan Tun Sambanthan, Kuala Lumpur

| location_country = Malaysia

| key_people = {{plainlist |

• Rangam Bir (CEO)
• Sathasivan Kunchamboo (Chairman)

}}

| industry = {{flatlist|

• Insurance

}}

| products = {{flatlist|

• Life insurance

}}

| revenue =

| net_income =

| assets =

| equity =

| parent = {{plain list |

• MetLife International Holdings Inc. (50% + 1 share) (MetLife)
• AMMB Holdings Berhad (50% – 1 share)

}}

| homepage = {{url|http://www.ammetlife.com/}}

}}

{{Infobox company

| name = AmMetLife Takaful Berhad

| logo =

| type = Private limited company

| predecessor = AmFamily Takaful Berhad

| foundation = {{Start date and age|df=yes|2014|4|30}}

| location_city = Menara 1 Sentrum
Jalan Tun Sambanthan, Kuala Lumpur

| location_country = Malaysia

| key_people = {{plainlist |

• Noor Azam Mohd Yusof (CEO)
• Azman Hashim (Chairman)

}}

| industry = {{flatlist|

• Takaful

}}

| products = {{flatlist|

• Family Takaful

}}

| revenue =

| net_income =

| assets =

| equity =

| parent = {{plain list |

• AMMB Holdings Berhad (50% + 1 share)
• MetLife International Holdings Inc. (50% – 1 share) (MetLife)

}}

| homepage = {{url|http://www.ammetlifetakaful.com}}

}}

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.

AmMetLife was formed when MetLife agreed to purchase stakes in AmBank Group's life insurance and family takaful businesses for RM812 million.{{cite news |title=MetLife to acquire AMMB's life insurance and family takaful arm for RM812m |url=http://www.thesundaily.my/news/910168 |newspaper=The Sun |last=Singh |first=Rupinder |date=2013-12-20 |access-date=2015-08-23 |archive-date=2015-04-19 |archive-url=https://web.archive.org/web/20150419182707/http://www.thesundaily.my/news/910168 |url-status=dead }} The deal closed in April 2014.{{citation |title=Annual Report 2015 |url=http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=170975&name=EA_DS_ATTACHMENTS |publisher=AMMB Holdings Berhad |date=2015-03-31 |access-date=2015-08-23}} MetLife has 50 percent plus one share in AmMetLife Insurance and 50 percent less one share in AmMetLife Takaful.{{cite news |title=AMMB banking on tie-ups with MetLife, Kurnia and MBf Cards to grow divisions |url=http://www.thestar.com.my/Business/Business-News/2014/07/31/AMMB-banking-on-tieups-Partnerships-with-MetLife-Kurnia-and-MBf-Cards-expected-to-grow-divisions/?style=biz |newspaper=The Star |date=2014-07-31 |last=Poo |first=Cheryl |access-date=2015-08-23}} 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 force of 1,100 and had the 10th highest market share among 14 life insurers in Malaysia.{{cite news |title=AmMetLife aims 5th position by 2019 |url=http://www.thesundaily.my/news/1368947 |newspaper=The Sun |date=2015-03-30 |access-date=2015-08-23}}