PTV insurance initiative for B40 group discontinued due to low claim rates, says Ahmad Maslan

Photo: Bernama

KUALA LUMPUR: The RM75 Perlindungan Tenang Vouchers (PTV) initiative has been discontinued due to the low claim rates compared to the allocation provided under the scheme, says Datuk Seri Ahmad Maslan (pic).

The Deputy Finance Minister said the PTV scheme, implemented in 2021 and 2022 during the Covid-19 pandemic, aimed to extend insurance and takaful protection for certain groups, especially in the B40 income group, was currently being reviewed by the Bank Negara Malaysia.