KUALA LUMPUR (Oct 5): The Employees Provident Fund (EPF) has clarified that it was inviting tenders from Takaful service providers to provide general insurance coverage for its local properties and assets and not as reported.

It was responding to theedgemarkets.com's article titled "EPF’s rare tender invite to insurers for protection services" that was published on Monday, which has since been unpublished.

"[The report] had inaccurately stated that the EPF is looking for insurance companies to protect EPF members’ contribution. The tender notice that was referred to in the said article was in fact for the purpose of appointing a Takaful service provider for general insurance coverage for EPF’s local properties and assets," the retirement fund said.

The error is regretted.