PIDM scholarship programme benefits over 100 deserving Malaysians since 2010

Kuala Lumpur, 6 September 2017: Since its inception in 2010, the Perbadanan Insurans Deposit Malaysia (PIDM) Undergraduate Scholarship Programme has given 101 individuals the opportunity to set themselves up in life with further studies. This year, PIDM has awarded 21 new scholarships to deserving young Malaysians.

 “A key criteria of PIDM’s Undergraduate Scholarship Programme, other than academic achievements and potential, is that the scholars must come from financially challenged backgrounds. The programme is intended to give them with the opportunity to focus on their studies here in Malaysia without financial worries. The programme also offers mentors, drawn from PIDM’s senior management, to help counsel and advise scholars,” said PIDM Chief Executive Officer, Rafiz Azuan Abdullah. There is also now an alumni group of graduates from among its scholars who also help support PIDM’s current scholars.

These scholars have expressed the appreciation for the ability to further their education, and for the opportunity to focus on their studies, achieve their aspirations and ultimately contribute back to society.

“My dream is to inspire children to seek education and stay in school no matter what background they come from. Receiving this scholarship will help me to continue my studies and pursue my ambition to work in the financial services industry. I hope to give back to society after graduating,” said Niveetha Subramaniam, 19, a business administration student at Universiti Pendidikan Sultan Idris.

“Growing up in a poor family is not an obstacle for me to excel in my studies. My financial situation and belief that education is the key to a better future are what drove me to work harder. Thanks to the opportunity given by PIDM, I can now fully concentrate on doing my best to become an auditor one day,” said Wong Yong Sheng, 19. He will enrol as an accounting student at University Malaya next month.

Meanwhile, another recipient, Siti Nuraini Sofiya Samad has her late father to thank for her success thus far. The student from Jitra, Kedah, shared that, despite being bedridden for many years prior to his passing away, her late father had made sure that education was a top priority for all of his children.

“My love for mathematics coupled with my late father’s encouragement gave me the drive to pursue my ambition of becoming an actuary. This scholarship will give me the support I need to complete my degree in actuarial science at Universiti Teknologi MARA,” she said.

Recipients of the PIDM Undergraduate Scholarship Programme are selected based on academic and extracurricular achievements, communication skills, maturity and potential leadership qualities, as well as access to financial support. The PIDM scholarship comes without bonding and provides for funding of tuition fees and living expenses as well as books and equipment. The scholarship recipients are pursuing programmes in a wide spectrum of disciplines including Accounting, Actuarial Science, Business Management and Law.


For more information about this press release, kindly contact:

Sarina Ariffin, Acting General Manager, Communications and Public Affairs Division
(Tel: 03-2173 7457; 012-3475014; Email:

Masami Mustaza, Manager, Communications and Public Affairs Division
(Tel: 03-22654622; Email:


PIDM is a statutory body that provides protection against the loss of deposits and insurance or takaful benefits with its member institutions in the event of failure. PIDM is entirely funded by premiums or levies assessed on its member institutions and does not receive public funds to operate. It has the means under the PIDM Act to borrow or raise such funds as may be needed to fulfil its statutory obligations to protect financial consumers of its member institutions. As an integral part of the national financial safety net, the Corporation promotes and contributes to the stability of the financial system.

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