Did you know? The government has introduced two key initiatives aimed specifically at supporting women. This is in addition to the RM64 billion in cash subsidies, aid and incentives under the recently revised Budget 2023 to ease the cost of living burden for Malaysians.
Looking to secure your financial future and protect your family from unexpected events?
EPF’s i-Sayang facility
|You can receive medical coverage for domestic accidents and permanent disability benefits for accidents arising from domestic settings.
And that’s not all – by paying just RM120 upfront for a 12-month period, you can also receive additional benefits such as:
Plus, eligible dependents of a deceased insured housewife under the age of 55 can receive a one-time funeral benefit of RM2,000.
|Husbands can now transfer 2% of their monthly EPF contributions to their wives’ accounts through KWSP’s i-Sayang facility.
How is the 2% i-Sayang contribution calculated from the employee’s share?
💡 Your retirement savings will increase by RM480 in one year.
This initiative aligns with the government’s aim to broaden the scope of social protection to include families and encourage more Malaysians without access to official social protection schemes to save for retirement.
For more information on the i-Sayang facility, visit the website or contact EPF at 03-8922 6000.
|The scheme is available to:
Women below the age of 55
Both married and unmarried
Women who manage the household i.e. wives, mothers, divorcees, widows, or single mothers
|This facility is open to:
Malaysian wives (recipients) who are EPF members
Below the age of 75
Marriage registered under Malaysian law