i-Lindung is a withdrawal insurance scheme launched by KWSP, which aims to expand the scope of the insured group.
According to the official website of the Employees Provident Fund Board (KWSP), anyone who is a Malaysian citizen and has a KWSP i-Akaun online account and has savings in their provident fund account is eligible for i-Lindung.
Through the i-Lindung program, people can choose from two types of insurance, namely life insurance and critical illness insurance. Under the whole scheme, people do not have to pay the premiums themselves, as the CPF Board will be responsible for using the savings in the CPF member’s second account to pay for the premiums.
People can only purchase insurance for 1 year and can only use it to purchase insurance in their own name, not for their wife’s or children’s insurance. Citizens are not required to undergo a medical examination to purchase insurance under i-Lindung and are entitled to personal income tax deductions.
If you are also interested in purchasing insurance through the i-Lindung program, here are the detailed steps for you.
How to purchase i-Lindung insurance
Step 1: Login to your i-Akaun account and select i-Lindung.
Step 2: Click on Get a Quote Now.
Step 3: Select the type of insurance you want to purchase, the amount of coverage, and the insurance company.
Step 4: Select the policy you are interested in.
Step 5: Learn about the insurance product you have selected.
Step 6: Make sure you understand the terms and conditions and the system will bring up the insurance company’s website.
Step 7: Fill in personal information and answer health questions.
Step 8: The system will link back to the KWSP website for payment.
