EPF improves ability to gain insurance coverage

PETALING JAYA: The Employees Provident Fund (EPF) has launched i-Lindung Phase 2 under the Members Protection Plan, allowing members to use the funds in their Account 2 to buy life and critical-illness insurance and takaful products for their immediate family members.

In a statement yesterday, the EPF said since its launch in July 2022 until December 2023, more than 102,301 members have purchased a total of 118,166 policies and takaful products through the i-Lindung platform, covering life and critical illness insurance protection at affordable premiums.

Based on the encouraging response, the nation’s largest pension fund introduced key upgrades focusing on policy and certificate management, geared for extended coverage exceeding one year.

Members who wish to purchase insurance and participate in takaful products offered by EPF-approved insurance companies and takaful operators for themselves or their immediate family members can do so via the i-Lindung platform within the EPF i-Akaun (Member) mobile application.