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

This education savings plan also provides takaful coverage up to RM1.2 million.

Cover image via Houston Chronicle

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The National Higher Education Fund Corporation (PTPTN) today unveiled the all-new Simpan SSPN Plus, an education savings plan with the benefits of takaful protection

Image via PTPTN

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.

By collaborating with Hong Leong MSIG Takaful, Great Eastern Takaful, and Takaful Ikhlas Family, PTPTN will be offering depositors takaful coverage up to RM1.2 million

"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

The great thing about Simpan SSPN Plus is that you can sign up for it easily online, without requiring a medical examination

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

Image via PTPTN

All in all, PTPTN is hopeful that this unique product will encourage more Malaysian parents to start saving for their children's education

"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.

To find out more about PTPTN's Simpan SSPN Plus, visit their website today

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