Bank Deposits Insurance to be Raised to RM250,000
(via Business Times) From next year, the limit of bank deposits insured by Malaysia Deposit Insurance (PIDM) will be raised to RM250,000 per depositor per member bank from RM60,000 now. Prime Minister Datuk Seri Najib Razak also announced yesterday a plan to introduce an explicit insurance compensation scheme (ICS) for insurance and takaful policyholders. According ...