Business : Beneficiaries Should Be Aware Of I-BR1M Merit

By Zairina Zainudin

KUALA LUMPUR, Sept 17 (Bernama) — The beneficiaries of the 1Malaysia People’s Group Takaful Insurance Scheme (i-BR1M) should be aware of its merit so that their welfare is rest assured after the death of the head of the family.

Takaful Ikhlas Bhd Senior Vice-President and Head of Family Operations, Rozhan Yusof said many beneficiaries were still unaware of the i-BR1M benefits as deduced from the number of claims filed against the number of policies taken.

“The beneficiaries were not informed by the head of the family about it, so they did not file a claim upon his death,” he told BERNAMA.

Four million BR1M recipients are eligible for i-BR1M, a protection plan for BR1M recipients under the households/families category in the event of death or permanent disability due to accident.

Upon the death of a BR1M recipient or he has been involved in any incident that caused the person to be unable to go to work, their families are entitled to a RM30,000 financial aid.

The contribution of i-BR1M is borne by the government throughout the period of coverage from Jan 1, to Dec 31, 2014.

Takaful Ikhlas has so far received nearly 15,000 i-BR1M claims worth RM36 million, made up of seven per cent for deaths due to accidents, and 93 per cent for ordinary deaths.

Rozhan said Takaful Consortium planned to carry out a nationwide campaign to help the government disseminate information on i-BR1M, particularly on the payout in the event death or permanent disability due to accident.

The consortium is analysing requests made by people if i-BR1M were to be continued next year, he said, adding that these include hospitalisation benefits and a higher payout in the event of natural death.

For any enquiries, the public can contact the i-BR1M hotline at 03-27162716 or email to i-BR1M@takaful-ikhlas.com.my.

–BERNAMA

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