In­sur­ance pay­out en­ables grieving sib­lings to con­tinue stud­ies, says mum

New Straits Times - - News -


THE SSPN-i Plus scheme un­der the Na­tional Higher Ed­u­ca­tion Fund Cor­po­ra­tion (PTPTN) has, since its launch on June 8, 2015, recorded 60,655 ac­counts as of Jan 31.

The de­posits in the same pe­riod to­talled RM20.4 mil­lion, in­clud­ing in­sur­ance cov­er­age, with to­tal pro­tec­tion ben­e­fits of RM2.9 bil­lion.

As of March 15, 91 claims had been made, amount­ing to a pay­out of RM866,060.

With as lit­tle as RM1 a day, one will re­ceive com­pen­sa­tion if tragedy strikes.

This was the case for 20-yearold Chai Bao Yi, who lost her fa­ther to nose cancer ear­lier this year.

Bao Yi’s fa­ther, Chai Kwan Boon, 46, a me­chanic, had bought in­sur­ance cov­er­age un­der the Zam­rud pack­age of the SSPN-i Plus.

Un­der the pack­age, he paid RM200 monthly for ac­counts opened un­der the names of his three chil­dren — Bao Yi, Jing Min, 19, and Jun Chuen, 14.

Bao Yi, who holds a diploma in mu­sic, would like to pur­sue a de­gree in mu­sic.

She re­ceived com­pen­sa­tion of RM127,680 from PTPTN deputy chief ex­ec­u­tive Mas­tura Mohd Khalid at the Klu­ang PTPTN branch of­fice here yes­ter­day.

“My fa­ther did not tell me about the cov­er­age he bought for us,” said Bao Yi.

Of the RM200, RM180 went to sav­ings, while RM20 was for in­sur­ance cov­er­age.

Kwan Boon died on Jan 8. He was di­ag­nosed with cancer only af­ter buy­ing the sav­ings and in­sur­ance scheme.

Chai’s widow, Soo Boon Siew, 47, hav­ing seen the ben­e­fits of the scheme, has signed up as an on­line agent for SSPN-i Plus.

“My chil­dren can con­tinue their stud­ies with the amount we re­ceived,” Soo said.

Mas­tura said there were 4,000 on­line agents, in­clud­ing those work­ing part-time.

Be­sides the Zam­rud pack­age, there are also the In­tan, De­lima, Topas, Nilam and Ber­lian pack­ages, which were all launched in 2015.

The In­tan pack­age starts at RM30 per month, with RM20 go­ing to sav­ings and RM10 to in­sur­ance cov­er­age.

The most ex­pen­sive pack­age is the Ber­lian pack­age, which costs RM500 per month, where RM200 is al­lo­cated for sav­ings and RM300 for in­sur­ance cov­er­age.


Chai Bao Yi (third from right) with Na­tional Higher Ed­u­ca­tion Fund Cor­po­ra­tion (PTPTN) deputy chief ex­ec­u­tive Mas­tura Mohd Khalid dur­ing the han­dover of com­pen­sa­tion at the Klu­ang PTPTN branch of­fice yes­ter­day.

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