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null LIAM: PTV records 1.9 mln vouchers worth over RM140.7 mln redeemed

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LIAM: PTV records 1.9 mln vouchers worth over RM140.7 mln redeemed

20 May 2022 | Friday Source: Bernama

The Perlindungan Tenang Voucher (PTV) programme extended by the goverment in collaboration with the insurance and takaful industry has been extended for another year effective Jan 1, 2022 with the voucher value increased to RM75 from RM50, said the Life Insurance Association of Malaysia (LIAM).

As of May 14, 2022, over 1.9 million vouchers worth more than RM140.7 million under the RM75 PTV were redeemed.

LIAM chief executive officer Mark O'Dell said the big driver for the PTV programme was the subsidy, or the government helping out. The other things that spurred the programme were the many general and life insurance companies, among others, who were able to partner with organisations or busineses to serve the low income group.

"It shows that they can be reached if the right partner, the right channels are used," he told the media after hosting a Hari Raya Open House at AICB Building here today.

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