EPF launches new scheme of RM30 per annum with RM10,000 coverage

KUALA LUMPUR - The Employees Provident Fund (EPF) launches i-Lindung platform under the Members Protection Plan to facilitate the purchase of insurance and takaful products consisting of life and critical illness protection at affordable premium from Account 2.

EPF Chairman Tan Sri Ahmad Badri Mohd Zahir said the total coverage offered for i-Lindung is RM10,000 for a premium as low as RM30 annually.

It was understood thaat EPF was aiming for 300,000 members over one year to purchase the protection plan, which can be made through the i-Lindung platform in the EPF portal.

"Protection through insurance and takaful is one of the key components of financial well-being which we highly encourage our members to obtain in order to be protected against financial uncertainties.

"The i-Lindung facility is beneficial especially to EPF members where EPF works together with the insurance companies and takaful operators to offer the most affordable rate to our members," he said after the launch of EPF i-Lindung today.

Members who wished to purchase the products offered by EPF (approved insurance companies and takaful operators) can do so via the i-Lindung platform within the EPF i-Akaun (Member) portal.

The participating insurance companies and takaful operators are FWD Takaful Berhad, Prudential Assurance Malaysia Berhad, Prudential BSN Takaful Berhad, Etiqa Life Insurance Berhad and Etiqa Family Takaful Berhad.

The i-Lindung self-service platform gives members an opportunity to obtain information on the available products and prices, get a quick quotation before purchasing the preffered product anytime, anywhere.

Members below age 55 with sufficient balance in Account 2, Malaysian and registered i-Akaun users were eligible to purchase the products under i-Lindung.

Those aged 55 and above can also purchase products under i-Lindung provided they are within eligible entry of the related products and maintain a minimum RM100 in their Account 55 or Akaun Emas.

For more information on the Members Protection Plan i-Lindung, please refer to the EPF's official communicate channels via its website at www.kwsp.gov.my, or call the EPF Contact Management Centre at 03-8922 6000.