07 October 2013

UnTold EPF RM2500 Death Benefit?


Lately, there is a chain email spreading across social media regarding EPF Death Benefit as below:
" ATTENTION to everyone who has an EPF account !!! No matter how old are you, no matter how long you have held your EPF account, no matter how much money you have in you EPF account, and matter how long you have paid for your EPF, according to Government Law, EPF will need to pay RM 2500 to an EPF account holder's family when he/she died (family members need to claim the RM 2500 within 2 months). EPF never inform us about this, I reckon very few people's family did actually receive this RM 2500 when his/her family member died because not many people know about this. Where did this RM 2500 goes when the died's family did not claim for RM 2500? Someone's pocket ??? We don't know! So please bombarded this info to all your families, relatives, colleagues and friends, let them know about this info and remember to claim RM 2500 when his/her family die. Don't let this RM 2500 goes to someone's pocket !!! "
Is this true? Below is the respond from EPF:
The above email contained untruthful accusation. The EPF would like to inform its members that a Death Benefit payment of RM2,500 will be presented to the dependents of the deceased members as a gesture of compassion and to ease their financial burden. However, this benefit will only be given once and subject to the following conditions:
  • Malaysian citizen;
  • Member has not reached the age of 55 at time of death;
  • Application for Death Withdrawal is made within 6 months from the date of the demise of the member.

The Death Benefit is payable to the members’ dependent or next-of-kin when the application for Death Withdrawal is made. 

The EPF would also like to emphasis that the money for Death Benefit comes from EPF’s investment earnings and not from the members’ savings. If the dependent does not qualify under the conditions for Death Benefit, the money will still remain with the EPF to be distributed to all members as annual dividend.

Source: EPF

4 comments:

  1. This comment has been removed by the author.

    ReplyDelete
  2. how can i claim the death benefits of my husband died in kuala lumpur last nov.20 2012

    ReplyDelete
    Replies
    1. Hi, assuming that your case fulfilled all the above criteria, it was sad that it's too late to claim now because it's been more than 6 months time. Sorry.

      Delete
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