Insurance scheme for private sector workers to kick off with RM70mil


Out in force: Some of the workers waving the Jalur Gemilang during the 2017 Workers Day celebrations in Putrajaya. — MOHD SAHAR MISNI/The Star

PUTRAJAYA: Workers who lose their jobs in the private sector will be protected by the country’s first Employment Insurance Scheme (SIP) which takes off next year with a RM70mil government injection.

The money will fund the Social Security Organisation’s (Socso) financial benefits under the scheme.

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Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

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Government , socso , najib tun razak , labour day

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