PIDM scholarships supports 21 students to further their studies

Kuala Lumpur, 20 August 2018: Twenty-one Malaysians were recently awarded scholarships from Perbadanan Insurans Deposit Malaysia (PIDM) to pursue their undergraduate studies locally.

Academic merit and financial background form the most important criteria for selection with nearly all the recipients coming from households with incomes below RM2,000.

“The PIDM Undergraduate Scholarship Programme supports deserving young people by providing the necessary financial support to pursue and complete their higher education. Through this programme, we recognise and invest in their potential as the nation’s future leaders and ambassadors of PIDM,” said Rafiz Azuan Abdullah, Chief Executive Officer of PIDM.

More than 120 students have received a scholarship from PIDM to date.

Universiti Sains Malaysia student, Chong Siew Choo, said with the scholarship she can now fully focus on her studies instead of working part-time to support herself. Her father is unable to work full time due to poor health. He also has two other children to support.

“My late mother emphasised on the importance of balancing studies with extracurricular activities. I’m happy that I have time to participate in sports and volunteer work,” said Chong, who is pursuing a Bachelor honours degree in Management.

Mohd Azreen Bin Ariffin, an aspiring economist who is pursuing a Bachelor honours degree in Science Economy at Universiti Utara Malaysia, said that getting the scholarship motivated him to do his best academically.

“I had to depend on the university library or my friends because I didn't have access to resources like a laptop previously. I now have the convenience of completing my assignments on my own laptop thanks to the financial support from PIDM,” he said.

Aside from financial support, PIDM employees with relevant professional experience will mentor scholars and provide them with guidance and coaching throughout their study duration.

“I am excited for the mentorship opportunity as it would enrich my experience as a PIDM scholar,” said University Malaya accounting undergraduate, Mathana Raj a/l Muniandy. He added that he looked forward to interning with PIDM.

Established in 2010, the PIDM Undergraduate Scholarship Programme is a bond-free scholarship covering tuition fees, living expenses and study-related materials. Scholars are selected based on academic and extracurricular achievements, communication skills, maturity and potential leadership qualities, and access to financial support.
For more information about this press release, kindly contact:
Masami Mustaza, Manager, Communications and Public Affairs Division
(Tel: 03 2265 4622; Email:

PIDM is a statutory body that provides protection against the loss of deposit and insurance or takaful benefits with its member institutions in the event of a 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, PIDM promotes and contributes to the stability of the financial system.
For further information:
  • Call 1-800-88-1266, 8.30am to 5.30pm on Mondays to Fridays (excluding public holidays)
  • Email:
  • Visit: 
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