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Privileges:
- The premium is paid by PTPTN.
- Dollar to dollar coverage to a maximum of RM50,000 (general insurance) and RM100,000 (trust insurance)
- Death compensation for depositors (RM1,000) and beneficiary (RM500).
Terms:
- Age limit of depositors is up to 65 years.
- Age limit of beneficiary is up to 28 years.
- The depositor has an account balance of a minimum of RM1,000 at any time.
Note:
- General Insurance – beneficiary who stays with the parents/guardian and whose SSPN account is opened by the parents/guardian.
- Trust Insurance –beneficiary is an orphan who stays in an orphanage and the SSPN account is opened by the head/representative of that orphanage.
- This insurance coverage is subject to the PTPTN group insurance regulations.
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