An example of how separate deposit insurance protection is applied for a depositor holding several accounts in a member bank is as follows:
Type of deposit
Protected by PIDM (RM)
Ahmad and wife
Ahmad, wife and daughter
Ahmad, Leong & Co. (legal firm)
Ahmad & Ali Sdn. Bhd.
Total deposits protected by PIDM
PIDM protects your deposits in the bank as well as your takaful and insurance benefits in the unlikely event of a failure of a member bank or a takaful operator / insurance company.