PIDM strengthens safety net for depositors, policy owners

KUALA LUMPUR:  Perbadanan Insurans Deposit Malaysia (PIDM) has strengthened its safety net for bank depositors, insurance and takaful policy owners from Deposit Insurance System (DIS) as well as Takaful and Insurance Benefits Protection System (TIPS).

The statuary body on Thursday said that DIS and TIPS provided guarantee for the deposits and the benefits of insurance and takaful policies underwritten by member institutions.