EMPLOYEES FROVIDENT FUND. TIPS OF THE DAY. Believe in yourself. What others think won’t matter. OBJECTIVES. Membership of EPF EPF Accounts Contribution Benefits Penalties. MEMBERSHIP. Employer’s responsibility to register you with the epf within 7 days of employment
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What others think won’t matter
The member or member’s children have registered and paid the registration fees to enroll as a student for any academic/professional/vocational programs with any higher learning institution either locally or abroad. This withdrawal can be used to pursue one of the following programs namely; Diploma, Advance Diploma, Bachelor Degree, Post Graduate Diploma, Masters Degree, Phd or any of the equivalents; or
Terms & conditionsYou are qualified to apply for this scheme if you or your children do not receive any full scholarship from any organizations.
(A)Members or their family stated above are suffering from critical illness approved by the EPF Board as follows :
(B) Members or their family wish to cover the cost of purchasing medical aid or supply of prosthetic body parts such as wheelchair, prosthetic leg and other supplies approved by the EPF Board.
(C) Members can also make joint withdrawal with other family members stated above to cover the medical expenses (subject to the total cost of medical treatment).
(D) For joint withdrawal, the EPF will firstly process application from the first applicant and followed by application from other members (subject to the total cost of medical treatment).
All savings in Account IIIORThe cost of medical treatment which is not sponsored by the employer.
Total savings in Account III for all applicantsORThe actual cost of medical treatment.
This scheme enables EPF members to withdraw all their savings if they become physically or mentally incapacitated to continue to work to lessen the burden of members concerned.
TERMS AND CONDITIONSWithdrawal Eligibility
HOW TO APPLY
INCAPACITATION BENEFITS (RM5,000 for once)
How To Apply
- EPF Savings With Nomination
Has reached age of 18
The member's nearest next-of-kin such as widow/widower, children, parents and siblings can apply to withdraw the member's savings.