Here’s How You Can Use Your EPF Savings To Sign Up For Insurance/Takaful Protection

Here’s How You Can Use Your EPF Savings To Sign Up For Insurance/Takaful Protection

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As Malaysians, we should consider ourselves lucky due to the fact that our government provides us with universal healthcare coverage, which means that we can get access to affordable medical treatment when we need it.

However, medical treatment is only one part of the equation. For example, let’s say someone who is uninsured contracts a critical illness that robs them of their ability to work or worse, death and disability occurs during the process.

In 2020, it is reported by LIAM that less than half of Malaysians have life insurance. This is a very worrying picture, as this shows just how unprepared Malaysians are if something unfortunate happens. 

But insurance/takaful coverage payments may be the last thing on someone’s mind, especially if they’re struggling to make ends meet.

Which is why the i-Lindung scheme by the Employee’s Provident Fund (EPF) to allow members to withdraw from their EPF Account to sign up for insurance/ takaful protection can help you get the insurance protection you need.

What is EPF’s i-Lindung?

In the i-Lindung initiative, EPF has partnered with insurance and takaful operators to make insurance/takaful protection more accessible and affordable for Malaysians.

Under this initiative, EPF members will have the opportunity to sign up for insurance/ takaful protection by using their EPF savings. The insurance premium/takaful contribution will be automatically deducted from your EPF account, so it closes your protection gap, in case something unfortunate happens to you. 

Did You Know?

Prudential Malaysia is one of the insurance and takaful operators under EPF’s i-Lindung scheme.

Here’s what Prudential’s plans under the i-Lindung initiative offer:

  • Affordability. Prudential’s plan under EPF’s i-Lindung is very affordable. It offers up to RM100,000 protection with an affordable premium/contribution, which will be deducted straight from your EPF Account. You can find the best coverage according to your needs and budget, and the premium/contribution can be as low as RM8.40.
  • Accessibility. With the i-Lindung scheme, getting your life and critical illness coverage is simple, as all you have to do is log in to your EPF i-Akaun and sign-up your preferred plan!

All Prudential customers can also download the Pulse by Prudential mobile app to access their insurance/takaful details conveniently online. This health and wellness app offers health management tips and services designed to help you prevent, postpone, and protect against diseases, while also considering your financial resources to help you make better, informed decisions. 

How do I sign up for Prudential Malaysia’s plans under EPF’s i-Lindung?

Here’s a step-by-step guide to sign up for Prudential Malaysia’s protection plans via EPF’s i-Akaun:

You can choose from four affordable plans Prudential Malaysia’s i-Lindung Protection Plans :

  • PRUGuard Life/ PruBSN Lindung  a life protection plan that provides financial relief upon death or total and permanent disability from just RM10.40* per year.
  • PRUCare Life/PruBSN Cegah is a critical Illness protection plan that provides coverage for 43 critical illnesses and dengue fever from as low as RM8.40* for one-year coverage.

*Subject to terms and conditions

Get affordable insurance/takaful coverage now

EPF’s i-Lindung initiative ensures that Malaysians have the chance to get affordable protection. For more information, visit here.

Also, don’t miss the chance to join Prudential Malaysia’s My Rezeki contest when you sign up for our protection plans under EPF i-Lindung!

Stand a chance to win prizes worth over RM100,000* when you sign up for any Prudential Malaysia plans under EPF i-Lindung from 12 July 2022 to 30 September 2022..

Win prizes such as the latest iPhone 13 Pro Max, iPad Air, and Apple Watch Series 7 and Grab Pay credits worth RM100!

First 3,000 to sign up will also get an additional RM20 GrabPay credits (with minimum premium/contribution of RM50.

*Terms & Conditions apply.

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