PTPTN Launches New Product To Help Parents Save For Children's Future Education

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Sporting a new look and feel, Simpan SSPN Plus maintains all the existing benefits of the previous Skim Simpanan Pendidikan Nasional (SSPN) i-Plus. This includes competitive dividends, tax assessment relief, and Shariah-compliant savings, as well as being guaranteed by the government.

According to PTPTN's chief executive officer, Ahmad Dasuki Abdul Majid, what sets this new education savings plan apart is the upgraded benefits that depositors get to enjoy.

"Of course, various privileges and attractive benefits will be enjoyed by depositors, including takaful benefits up to RM1.2 million and protection for depositors until they are aged 69 years," said Ahmad Dasuki, at today's virtual launch.

This is an improvement from the previous takaful coverage, which was only up until 65 years old.

On top of that, depositors will get to benefit from:
- Up to RM200,000 terminal illness coverage
- Up to RM10,000 for funeral arrangements
- Up to RM3,000 for outpatient treatment due to accidents

There are six different education saving plans to choose from, starting at RM30 a month.

"The launch of Simpan SSPN Plus offers the community the best platform to save for higher education, while enjoying more privileges and benefits. After all, parents are the ones who can realise their children's aspirations, while PTPTN continues to help along the journey of success," Ahmad Dasuki added.