ELIGIBLE Malaysians aged between 18 and 60, including the disabled, who are recipients of Bantuan Prihatin Rakyat (BPR) can now claim the RM50 Perlindungan Tenang Voucher.
This can be used to redeem a one-year Merchantrade Insure Life policy coverage with a sum insured of up to RM20,000.
This covers death due to all causes, including Covid-19.
The sum doubles to RM40,000 for certain diseases such as Dengue, Chikungunya, malaria, Japanese encephalitis, avian influenza and the Zika virus.
The policy, underwritten by MCIS Life, has a simple fully online sign-up process and offers 24-hour worldwide protection.
There is no waiting period and no medical check-up is required.
Perlindungan Tenang is an initiative by Bank Negara Malaysia with insurance and takaful industry players, aimed at providing simple and affordable micro-insurance products to under-served segments in the country.
Under the 2021 Budget, the Federal Government announced that eligible BPR aid recipients would be given a RM50 voucher to buy affordable insurance and takaful plans from participating providers.
Merchantrade’s MInsure insurance department head Kueh Hong Ling welcomed the Government’s effort to increase the social safety net for those in the B40 and low-income groups.
“The pandemic has affected many people’s livelihoods.
“It is crucial that everyone is financially protected so they have peace of mind knowing that their family members will be taken care of in case of unforeseen circumstances,” she told a virtual media conference recently.
Penang social development committee chairman Chong Eng pointed out that many in the B40 group had lost jobs due to the prolonged closure of many businesses during the lockdown.
“Many families are really struggling to put food on the table. So purchasing insurance plans is not the immediate priority.
“This initiative gives families a financial safety net to allow them to continue their lives should anything happen to the main breadwinner,” she added.
Also participating in the virtual conference were Merchantrade northern region head Jerry Loo and MInsure northern sales executive Milly Chiang.
BPR recipients who are less tech-savvy can visit Penang government’s administrative office on Level Three of Komtar to sign up or find out more about the insurance plan.
Opening hours are from 8am to 5pm, Mondays to Fridays.
For those on the mainland, there will be a kiosk stationed at Bagan Jermal assemblyman Soon Lip Chee’s service centre.
To sign up online or learn about the Merchantrade Insure plan in detail, visit https://mtradeasia.com/insure/ptvms/. The site is available in multiple languages.
To check Perlindungan Tenang Voucher eligibility, visit www.myptv.my.