Page 34 - LIAM Annual Report 2021

Life insurance association of MaLaysia 32

rePort of tHe ManageMent coMMittee

enHancing sociaL Protection BPR recipients are required to check their eligibility for the RM50
aMong tHe coMMunity and voucher via the PTV portal at www.myptv.my. Upon confirmation
insurance aWareness of the eligibility and issuance of the voucher number, they are
advised to visit www.mycoverage.my to check the features
and benefits of the Perlindungan Tenang products, which are
PerLindungan tenang VoucHer linked to the participating insurers’/takaful operators’ websites,
PrograMMe for LoW-incoMe grouPs before completing the purchase of the product that suits their
needs. Alternatively, BPR recipients can walk in to any branch
The Perlindungan Tenang Voucher (PTV) Programme, a national of participating insurance companies/takaful operators or
initiative by the Government of Malaysia in collaboration with authorised Perlindungan Tenang agents/distributors to check
the Life Insurance Association of Malaysia (LIAM), Malaysian on their eligibility and purchase the insurance/takaful product
Takaful Association (MTA) and Persatuan Insurans Am Malaysia of their choice.
(PIAM), was officially launched
on 30 September 2021, offering The Perlindungan Tenang
social protection to about 8.4 initiative, which was introduced
million eligible Bantuan Prihatin by Bank Negara Malaysia in
Rakyat (BPR) recipients. 2017, brings together the
insurance and takaful industry
Under the first phase of the PTV to develop insurance and takaful
Programme, a RM50 voucher products that meet the needs
was allocated to 3.6 million BPR of the underserved segments,
recipients under the household particularly the low-income
category to purchase a population. It provides basic
Perlindungan Tenang protection protection plans against key risks
plan from participating licensed in life such as death, accidents,
insurers and takaful operators. fire, or other unfortunate events
and must meet the criteria of
Subsequently, this initiative affordability, easily accessible,
was made available to 3.6 provide good protection value,
million recipients from the easy to understand as well as easy
singles category and 1.1 million to purchase and make claims.
recipients from the senior citizen
category from 15 November
2021.