23 February 2020

Insights into EPF 2019 Performance


The Employees Provident Fund (EPF) delivered a solid performance for 2019 in terms of both its operational and financial results, allowing it to declare a dividend of 5.45% with a payout amounting to RM41.68 billion for Simpanan Konvensional.




Meanwhile, EPF declared a dividend rate of 5.00% for Simpanan Shariah 2019, with a payout amounting to RM4.14 billion.





What did EPF say?
Why differing Dvididend Rate for Conventional & Syariah?
Outlook for the year 2020?

18 February 2020

[COVID-19] Extra Coverage from various Insurance Companies (Feb 2020)

Having a new official name as COVID-19, the deadly virus already infected more than 70,000 people and claimed more than 1,500 lives worldwide (and still counting...). It caused an extensive health scare and has since received wide media coverage.



Image result for COVID19 malaysia

And, one of the most common questions asked was "Is it covered by insurance?" Read our earlier article on "Health Insurance / Takaful Coverage for Novel Coronavirus (2019-NCOV)".

As of 18 Feb 2020, there are three insurance companies announcing that they are giving extra coverage / financial assistance for policyholders who diagnosed with COVID-19, on top of the medical/hospitalization coverage mentioned above.


Which Insurance Companies?
What kind of coverage provided?
Coverage is for policyholders only or family members?


Let us summarise for you here. (Hey, please give us a 'Like' 👦👧).




*** Update: Prudential extended their coverage to 30th April 2020 👍👍👍


Generally, for hospitalization benefit, the person MUST diagnose of COVID-19 and keep in quarantine at any of the Ministry of Health Malaysia designated hospitals. Not your own house. 😹😹😹



Is it chargeable to policyholders?
No. It's FREE and it's automatically covered !!!




Exclusions: (Pretty standard and it does make sense)

a)  Any sickness or disease other than those caused by Novel Coronavirus (2019-nCoV); or
b)  Any pre-existing conditions prior to the commencement date of the policy/certificate.

c)  Any group/employee benefits plans.




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Source:


Great Eastern


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08 February 2020

What is "SSPN-i Loyalty Rewards 2020" ???

On 5th Feb 2020, the National Higher Education Fund Corporation (PTPTN) announced a 4% dividend for 2019 for two of its savings plans, namely SSPN-i and SSPN-i Plus. How soon can we get the dividend? The answer is 8 Feb 2020. (very fast oh!!!)




On the same day, PTPTN also announced that SSPN-i account holders would receive 1% on top of the annual dividend, to reward those who had been consistently saving for their children’s education through the SSPN-i Loyalty Rewards program.



What is this "Loyalty Rewards"?

Should we grab it?
Am I qualify?


Let us brief you here:

05 February 2020

What is "Domestic Systemically Important Banks (D-SIB)"?

Bank Negara Malaysia (the Bank) today issued the policy document on Domestic Systemically Important Banks (D-SIB) Framework, which sets out the Bank’s assessment methodology to identify D-SIBs in Malaysia, and the inaugural list of D-SIBs.



Too-Big-To-Fail ???

02 February 2020

[UPDATE] Local and Foreign Banks Mortgage Loan Rate (as of 31 Jan 2020)

The following are the Base Rates, BLR and Indicative Effective Lending Rates of Financial Institutions as of 31 Jan 2020.


Source: Bank Negara Malaysia



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Other blog posts that you may not want to miss:
  • NEW Base Rate: Good or Bad? (Click here to read...)
  • Understanding the NEW Base Rate effective Jan 2015 (Click here to read...)