He said that until Dec 31 last year, almost 4.9 million recipients with an insurance value of RM354 million had participated in the initiative. theSun thesundaily BNM DewanRakyat PerlindunganTenangVoucher
: Bank Negara Malaysia is reviewing the Perlindungan Tenang Voucher programme after the scheme, which was introduced in 2021 recorded low claim rates, the Dewan Rakyat was told today.said the programme was discontinued after a study conducted by BNM found that out of the 8.7 million people who should have received the voucher, only 0.01 per cent or 490 benefited from the programme, which involved RM354 million in insurance value.
He said this in reply to a question from Pang Hok Liong on whether the government plans to extend social protection to the B40 group and allocate vouchers for recipients of the Rahmah Cash Aid so that they can participate in protection plans such as PTV. PTV was implemented in 2021 and 2022 when the country was hit by the Covid-19 pandemic to provide insurance and takaful protection for certain groups, especially the B40 group.
He said that until Dec 31 last year, almost 4.9 million recipients with an insurance value of RM354 million had participated in the initiative.
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