People Welfare Insurance Scheme Malaysia

The People’s Welfare Insurance Scheme (SIKR) 3.0, launched today, offers enhanced coverage to protect low-income. Finance Ministry had approved the scheme with an initial allocation of RM20 million, effective from Oct 1, 2025, to Sept 30, 2026.

For SIKR 3.0, the sum insured has been increased to RM13,500 for natural death, RM26,500 for accidental death, and RM13,500 for permanent disability resulting from accidents. The Coordination Unit of the Prime Minister’s Department will formalize the scheme through a memorandum of understanding with Prudential BSN Takaful Berhad.

SIKR is a complimentary syariah-compliant annual group term takaful plan sponsored by the government, providing protection for 300,000 heads of households from the hardcore poor and poor categories registered with the eKasih database.

The first SIKR was launched in 2022 with RM13.4 million in government-paid contributions, covering 268,887 household heads.

Under SIKR 2.0, coverage was RM10,500 for natural death, RM25,500 for accidental death and RM10,500 for permanent disability from accidents.