PERKESO’s Lindung 24: Should You Opt Out?
Malaysian employees have until August 31st to make an important financial choice: whether to remain in or opt out of PERKESO’s new 24-hour accident protection scheme, Lindung 24 Jam.
While regular SOCSO deductions cover workplace-related incidents and invalidity, this new 0.75% salary deduction (rising to 1% in 2028 and 1.25% in 2031) extends income replacement to non-work-related accidents. But if you already hold personal accident, life, or medical insurance, are you simply paying twice for the same coverage?
Licensed financial planner Ian Wong, Founder & CEO of Uno Advisers, joins BFM’s…
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