“The TTT programme forms part of our strategy to reach out to more segments of the public. Certified trainers will be able to conduct briefings to their employees or agents. The employees or agents will in turn help inform financial consumers about PIDM and the protection PIDM provides,” said Ms Lim Yam Poh, PIDM Executive General Manager and General Counsel.
“In particular, employees from our member banks who open accounts for their customers must advise customers about whether or not the account is insured by PIDM before the account is opened. This is to ensure that customers are informed before deciding to open the account and it is a requirement under PIDM’s Information Regulations,” she added.
There are now a total of 57 trainers certified under the TTT programme since its introduction in 2013. The training programme covers topics on the financial consumer protection systems administered by PIDM, namely, the Deposit Insurance System (DIS) and the Takaful and Insurance Benefits Protection System (TIPS).
“The programme is accredited by MII and serves to confirm that it has met with the stringent standards required by the Institute. We are pleased that MII continues to partner us in this important initiative,” she pointed out.
At the ceremony held in Kuala Lumpur, Ms Lim and PIDM Executive General Manager En Rafiz Azuan Abdullah presented certificates to the trainers witnessed by MII Chief Executive Officer (CEO), Dato’ Haji Syed Moheeb Syed Kamarulzaman. The banks and insurance companies represented at the event were Affin Bank Berhad, Affin Islamic Bank Berhad, AmMetLife Insurance Berhad, Bank Muamalat Malaysia Berhad, BNP Paribas Malaysia Berhad, CIMB Bank Berhad, RHB Bank Berhad, Sumitomo Mitsui Banking Corporation Malaysia Bhd, Sun Life Malaysia Assurance Bhd, Standard Chartered Bank Berhad, The Royal Bank of Scotland Bhd and United Overseas Bank (Malaysia) Berhad.
Apart from the TTT programme, this is the fifth year that PIDM has been collaborating with MII to organise and support industry briefings on its financial consumer protection system.
For more information about this press release, kindly contact:
Hasina Mohamed, Acting General Manager, Communications and Public Affairs Division
(Tel: 03-2173 7462; 012-347 5014 Email: email@example.com)
Juli Murshidah, Manager, Communications and Public Affairs Division
(Tel: 03-2173 7465; Email: firstname.lastname@example.org)
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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.