KUALA LUMPUR (Feb 5): The Employees Provident Fund (EPF) has launched i-Lindung Phase 2, enabling members to utilise funds from Account 2 for the acquisition of insurance and takaful products, thereby offering comprehensive life and critical illness protection for their immediate family members.

In a statement on Monday, the EPF reported that, since the inception of i-Lindung in July 2022, over 102,301 members have purchased a total of 118,166 policies and takaful products through the i-Lindung platform. This coverage encompasses life and critical illness insurance protection at affordable premiums, extending up to December 2023.

Encouraged by this overwhelming response, the EPF has recently introduced key upgrades to the i-Lindung platform, with a primary focus on policy and certificate management. These enhancements aim to extend coverage beyond one year, enabling EPF members to enjoy long-term protection for themselves and their immediate family members.

Furthermore, the upgraded platform now features enhanced user-friendly features, facilitating streamlined policy management and offering convenient recurring payments for those seeking extended protection.

According to the EPF, members interested in purchasing insurance and participating in takaful products provided by EPF-approved insurance companies and takaful operators for themselves or their immediate family members can do so via the i-Lindung platform within the EPF i-Akaun (Member) mobile application.

The i-Lindung platform was inaugurated in July 2022 by then finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, with participating insurance companies and takaful operators including FWD Takaful Bhd, Prudential Assurance Malaysia Bhd, Prudential BSN Takaful Bhd, Etiqa Life Insurance Bhd, and Etiqa Family Takaful Bhd.

Eligibility criteria state that members below the age of 55, possessing a sufficient balance in Account 2, and registered i-Akaun users are qualified to purchase products under i-Lindung.

Additionally, those aged 55 and above can also purchase products under i-Lindung, provided they fall within the eligible entry age of related products and maintain a minimum RM100 in either Akaun 55 or Akaun Emas.