Owning a car is a necessity for many Malaysians, but what happens if an unexpected event prevents you from repaying your auto loan? That’s where Autolife Insurance comes in. Offered by AmMetLife, this unique credit-related insurance plan provides financial protection for both you and your loved ones — ensuring your outstanding car loan doesn’t become a burden.
What Is Autolife Insurance?
It is a credit-related life insurance policy designed to pay off the remaining balance of your car loan in the event of death or total permanent disability (TPD). It gives peace of mind to vehicle owners by ensuring their families aren’t left with debt linked to vehicle financing.
This type of insurance is especially relevant for anyone financing a vehicle through a bank or financial institution.
Quick Answer: Autolife insurance is a credit-related life insurance plan that covers your car loan, paying off the outstanding amount if you pass away or suffer total permanent disability.
Why Autolife Insurance Matters
Most car owners focus on loan approvals and interest rates — but few consider how their families would handle repayments if something were to happen. With Autolife Insurance, you get:
- Loan protection: Your outstanding vehicle loan is paid off
- Family security: Your loved ones are not financially burdened
- Peace of mind: Continue driving knowing you’re covered
- Simple enrolment: Often bundled during vehicle financing
- Affordable premiums: Based on loan amount and term
Whether you’re buying your first car or upgrading to a family vehicle, Autolife Insurance adds a crucial layer of financial protection.
AmMetLife Autolife: Tailored for Malaysian Car Owners
The Autolife Insurance plan from AmMetLife is designed to complement vehicle financing with coverage that lasts throughout the loan tenure. It’s ideal for individuals financing their cars through AmBank and offers:
- Coverage for death and TPD throughout the loan period
- Single premium payment (included in the loan)
- Immediate payout to the financier upon claim approval
- Eligibility for Malaysians aged 18 to 60
- No medical check-up required (subject to terms)
This plan ensures that your vehicle ownership journey is protected from life’s uncertainties — from day one.
Conclusion
Autolife insurance ensures your car loan won’t become a burden for your loved ones in times of crisis. With AmMetLife’s Autolife plan, you can enjoy peace of mind knowing your vehicle is covered — even when life takes an unexpected turn.
Explore Autolife coverage today with AmMetLife and protect your vehicle financing with a plan that puts your family first.