AmMetLife Insurance Berhad launched a new insurance plan called i.Am Wealth Builder, a limited premium paying investment-linked insurance plan, which allows customers to build wealth and stay protected up to age 85 with only three years of premium payment.
In a recent statement, the Employees Provident Fund (EPF) indicated that those retiring in 20 to 30 years will need to have retirement savings of at least RM900,000 to RM1 million. This would be the “bare minimum” after factoring in inflation and medical bills, amongst others. With this in mind, i.Am Wealth Builder has been designed to help Malaysians increase
their retirement savings and secure a legacy for their loved ones.
According to Rangam Bir, CEO AmMetLife, “We are excited to introduce i.Am Wealth Builder which addresses the pressing need for robust retirement planning solutions in Malaysia. In the current high-inflation environment our customers need to set aside more for their future retirement needs. We are committed to helping our customers achieve financial security while staying protected well into their twilight years.”
The plan is tailored to cater to the unique financial goals and aspirations of the emerging high-net-worth and mass-affluent Malaysians. Customers will receive a loyalty bonus at the end of every five years*, rewarding their commitment to building long-term wealth. Besides the potential financial returns, this plan also provides protection for death and total and permanent disability.
AmMetLife said he plan is available to individuals aged 30 days up to 70 years (next birthday), with a minimum annual premium of RM25,000. However, as an added impetus to kick start their retirement savings, customers can avail of this plan from RM15,000 per annum, from now till December 31, 2023.
