Account 2 can be used to buy insurance for immediate family members, says EPF


PETALING JAYA: Employees' Provident Fund (EPF) contributors can now use funds from Account 2 to buy insurance for themselves and immediate family members.

In a statement on Monday (Feb 5), EPF said this included life insurance, critical illness insurance and takaful products under i-Lindung Phase 2.

Members may purchase insurance from EPF-approved companies and takaful operators via the platform within the EPF i-Akaun (member) mobile application.

ALSO READ: EPF offers members life, critical illness insurance option

"Since its launch in July 2022 until December last year, more than 102,301 members have purchased a total of 118,166 policies and takaful products through the i-Lindung platform at affordable premiums," EPF said.

In view of this encouraging response, EPF said it had introduced key upgrades focusing on policy and certificate management geared towards extended coverage exceeding one year.

"The platform offers features for streamlined policy management and recurring payments for long-term protection," it added.

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EPF , Contributors , Account 2 , Insurance , i-Lindung , i-Akaun

   

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