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Over 5,000 PTPTN Borrowers Enjoy Takaful Coverage

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PAGOH – A total of 5,420 borrowers of the National Higher Education Fund Corporation (PTPTN) have been enjoying takaful coverage benefits totalling RM79.14 million, since its inception in 1997 till Jan 31.

PTPTN chief executive Agos Cholan said during the same period, it had presented a total of RM8 million in death benefits to 5,329 debtors’ next-of-kin.

“The PTPTN loan and education financing scheme with group takaful protection is aimed at protecting the loan granted in the event of death or permanent disability to the borrowers,” he told reporters here today.

He said this after attending a tahlil prayer and presenting PTPTN loan debt settlement certification through the benefits of the takaful coverage scheme and death benefit to the heirs of MH17 victim, Mohd Ali Md Salim, here today.

Mohd Ali was on Flight MH17 which crashed in eastern Ukraine on July 17 last year, as it was flying from Amsterdam to Kuala Lumpur with 283 passengers and 15 crew on board. The Boeing 777-200 aircraft is believed to have been shot down but no party had admitted responsibility.

Agos said Mohd Ali’s PTPTN loan totaling RM24,529.17 was now wiped clean and based on the takaful scheme, Mohd Ali’s heirs were entitled to recieve RM1,500 in death benefits.

Meanwhile, he said, soon, PTPTN would be presenting the same coverage scheme benefits to four victims of MH370.

“However, details about the matter would be announced later after a few issues are settled,” he said.

Mohd Ali’s father, Md Salim Sarmo, 65, expressed gratitude that his son’s PTPTN debt had been successfully settled.

“I was informed that my son had overpaid than what he had to pay and Alhamdullilah, PTPTN paid back the surplus, besides the death benefit,” he said.

He said Mohd Ali received the loan when he studied at the International Islamic University, Malaysia from 2004 until 2009. – BERNAMA

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