KUALA LUMPUR, July 15 (Bernama) — Starting 15 July 2022, eligible BKM recipients can redeem their RM75 Perlindungan Tenang voucher (PTV) for only RM5 while the balance of RM70 will be borne by the Government to enable recipients to enjoy the benefits of insurance/takaful coverage that provides financial protection in the event of death, fire or other unfortunate events. The RM5 contribution is part of the recipient’s insurance premium or takaful contribution for the Perlindungan Tenang Protection Plan.
The RM5 contribution for the redemption of the RM75 PTV is a new requirement to further enhance BKM recipients’ understanding of the Perlindungan Tenang protection plan and to ensure that BKM recipients are fully aware of the insurance/takaful plan that they are purchasing or participating in.