KUALA LUMPUR: The Employees Provident Fund (EPF) today announced that it is allowing members to use funds in their Account 2 to buy life and critical illness insurance and takaful products for immediate family members.
An inititiave under i-Lindung Phase 2, members who wish to purchase insurance and participate in takaful products offered by EPF-approved insurance companies and takaful operators for themselves or their immediate family members can do so via the i-Lindung platform within the EPF i-Akaun (Member) mobile application.
Since its launch in July 2022 until December 2023, more than 102,301 members have purchased a total of 118,166 policies and takaful products through i-Lindung platform, covering life and critical illness insurance protection at affordable premiums.
Capitalising on this encouraging response, the EPF has introduced key upgrades, focusing on policy and certificate management, geared for extended coverage exceeding one year.
The upgraded platform offers features such as streamlined policy management, convenient recurring payments for long-term protection.