{"id":53537,"date":"2022-11-21T09:42:49","date_gmt":"2022-11-21T01:42:49","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=53537"},"modified":"2024-02-06T11:45:04","modified_gmt":"2024-02-06T03:45:04","slug":"prudential-ilindung-scheme","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/prudential-ilindung-scheme","title":{"rendered":"Here\u2019s How You Can Use Your EPF Savings To Sign Up For Insurance\/Takaful Protection"},"content":{"rendered":"

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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.<\/span><\/p>\n

However, medical treatment is only one part of the equation. For example, let\u2019s say someone who is uninsured<\/span>,<\/span> contracts a critical illness that robs them of their ability to work or worse, death and disability occurs during the process. If something unfortunate like this happens, how would their loved ones cope with their living expenses?<\/span><\/p>\n

In 2020, it is reported by <\/span>LIAM<\/span><\/a> 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.\u00a0<\/span><\/p>\n

But insurance\/takaful coverage payments may be the last thing on someone\u2019s mind, especially if they\u2019re struggling to make ends meet.<\/span><\/p>\n

Which is why the i-Lindung scheme by the Employee\u2019s Provident Fund (EPF)<\/span>, that<\/span> allows members to withdraw from their EPF Account to sign up for insurance\/ takaful protection can help you get the insurance\/takaful protection you need.<\/span><\/p>\n

<\/span>What is EPF\u2019s i-Lindung?<\/b><\/span><\/h2>\n

In the i-Lindung initiative, EPF has partnered with insurance and takaful operators to make insurance\/takaful protection more <\/span>accessible<\/b> and <\/span>affordable<\/b> for Malaysians.<\/span><\/p>\n

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

Did You Know?<\/em><\/div>
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Prudential Malaysia is one of the insurance and takaful operators under EPF’s i-Lindung scheme, offering life and critical illness coverage.<\/span><\/p>\n

Here’s what Prudential’s plans under the i-Lindung initiative offer:<\/span><\/p>\n