We've learned about PIDM, and we've gotten to know how they go about protecting our money in the bank. But do you know that they also insure our insurance and takaful through something called Takaful and Insurance Benefits Protection System or TIPS? This means that we don't have to worry about the premium we pay monthly going to waste, in case something bad happens to our insurance companies. Afiza Abdullah, General Manager of the Policy and International Division at PIDM joins us to help break TIPS down. More information about Perbadanan Insurans Deposit Malaysia (PIDM) can be found at its website www.pidm.gov.my

--

Image source: Shutterstock

Produced by: Haniff Baharudin, Othniel Ting

Presented by: Arvindh Yuvaraj

This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories:  Personal Finance,  Investments,  Financial Literacy,  Young Finance,  Business Analysis,  Trends and Forecasts,  Markets,  Politics,  Social Issues,  Health Policy,  Diseases & Conditions,  Mental Health,  Healthy Living,  Fitness,  Medical Innovation and Technology,  law & legal matters,  Science

Tags:  PIDM,  Deposit Insurance System,  Takaful and Insurance Benefits Protection System,