FAQs

About PIDM

PIDM provides automatic protection to financial consumers through Deposit Insurance System (DIS) and Takaful and Insurance Benefits Protection System (TIPS) in the event of a member institution failure, covering eligible deposits up to RM250,000 per depositor per member bank and eligible takaful and insurance benefits up to RM500,000 per insurer member. These protection limits cover at least 97% of depositors and policy owners in full.

PIDM carries out extensive public awareness activities to ensure that consumers are aware that our protection systems exist and understand their benefits and limitations. This provides them with clarity, reassurance and confidence towards our financial protection systems in times of stress or uncertainty and helps to mitigate the risk of runs on our member institutions.