Malaysian policemen to be covered by mandatory group insurance next year

Head cop orders all 120,000 members of the force to enrol in the police cooperative’s group insurance scheme

Malaysian policemen to be covered by mandatory group insurance next year

Insurance News

By Gabriel Olano

The chief of the Royal Malaysian Police has announced that all police personnel will be included in a mandatory group insurance scheme, beginning next year.

According to Inspector-General of Police Tan Sri Khalid Abu Bakar, the group insurance coverage will benefit all employees and their family in the case of any untoward incident. The cover will be provided by the police force’s own cooperative, the Koperasi Polis Diraja Malaysia (KPDRM) Bhd.

Currently, only around 74,300 of the over 120,000 police personnel are currently part of the group insurance scheme.

“The insurance is not burdensome as it costs only MYR11 (US$2.60) per month for a single unit and members can benefit from it,” he told reporters after launching the 82nd annual KPDRM general delegates’ meeting in Kuala Lumpur on Friday.

Khalid, who is also the president of KPDRM, said that the cooperative will pay out a dividend of 12% for the financial year 2016.

“After a long period of time, this is a high dividend rate and indicating that the cooperative is on the right track,” he told Bernama. The police cooperative is ranked seventh among the top 100 cooperatives in Malaysia for 2016, going up three spots from the previous year’s tenth place.

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