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. “We 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." 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. 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. It is intended to standardise baseline coverage across insurers and takaful operators, improving portability and price transparency.
