Kuala Lumpur, Feb 12 – AmBank Group today launched AmPower Cash, a limited premium endowment plan, underwritten by AmLife Insurance Bhd.
Managing Director (Retail Banking) Paul Lewis said the plan, open to customers aged between 16 and 60, will help them grow their wealth with added protection benefits.
He said the plan guarantees capital protection if the policy is held until maturity and provides customers with cash payment for eight years over a shorter premium term of three years.
“AmPower Cash customers will enjoy a guaranteed cash payment of 4.0 per cent of the total premiums paid at the end of every policy year for eight years.
“It also provides insurance coverage that pays 105 per cent of the total premium in the event of death or total and permanent disability,” he said in a statement.
– Bernama
