KUALA LUMPUR: Discussions are ongoing with the Employees Provident Fund (EPF) to explore whether withdrawals from the retirement fund can be allowed to purchase the new Base Medical and Health Insurance\/Takaful (MHIT) product, says Datuk Seri Amir Hamzah Azizan.<\/p>\n
\u201cCurrently, the EPF\u2019s Akaun Sejahtera, also known as Account 2, can be used for the i-Lindung scheme, whereby critical illnesses are covered under i-Lindung,\u201d the Finance Minister II told the Dewan Rakyat on Thursday (Jan 29) during Minister\u2019s Question Time.<\/p>\n
\u201cWe are discussing with EPF to see whether the Base Plan concept can be accepted as part of the i-Lindung products where withdrawals are allowed.”<\/p>\n
\u201cWe expect that with the approaches we have taken and the support we have received from everyone, we will have a better system which will support the government\u2019s healthcare system,\u201d he added.<\/p>\n
He was responding to a supplementary question by Khoo Poay Tiong (PH-Kota Melaka) on whether the government will allow EPF withdrawals to purchase the Base MHIT.<\/p>\n
The Base MHIT framework, released by Bank Negara on Jan 22, introduces a standardised, voluntary insurance product for Malaysians who are uninsured or facing steep premium increases.<\/p>\n
It is intended to standardise baseline coverage across insurers and takaful operators, improving portability and price transparency.<\/p>\n
The product was developed as part of the Reset framework.<\/p>\n
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