SHAH ALAM: The National Higher Education Fund Corporation (PTPTN) has urged its borrowers and their next-of-kin to inform the corporation, in the event of permanent disability or death, to enable the corporation to manage the study loans.
PTPTN Marketing and Strategic Communications Department senior general manager Abdul Ghafar Yusop said this was because there were borrowers and next-of-kin who were not aware of the PTPTN Takaful Coverage Scheme.
"The financing amount disbursed to recipients will be fully covered in the event of death or total permanent disability of the borrowers and at the same time the next-of-kin will also receive funeral benefit of RM1,500," he said.
He spoke to reporters after handing over loan settlement certificates to the family of the late Muhammad Taufeq Hassan and Azrul Hisham Azman here today.
Muhammad Taufeq, 22, was killed in an amok incident in Bertam, Melaka on Aug 25, 2016, while Azrul Hisham, 27, drowned in an incident at Batu 16 Gombak on Oct 3, last year.
Elaborating, Abdul Ghafar said the next-of-kin are entitled to make the claim by filling in the application form, which is available on PTPTN’s official portal.
A total of 6,682 borrowers have been enjoying takaful coverage benefits totalling RM107.64 million, since its inception in 1998 till Dec 31, 2016, he said.
During the period, he added that the PTPTN had handed over funeral benefits to 6,073 next-of-kin totalling RM7.52 million.