2.7 million Malaysians have SSPN-i/SSPN-i Plus accounts

KUALA LUMPUR: A total of 2.7 million account holders under the National Education Savings Scheme (SSPN-i/SSPN-i Plus) have been recorded for the period between 2004 and Dec 31, 2016, with deposits totalling RM2.6 billion.
National Higher Education Fund Corporation (PTPTN) deputy executive director (Policy & Operations), Mastura Mohd Khalid said the figure showed the awareness among people of the savings schemes for education.
"SSPN-i and SSPN-i Plus are the best plans that incorporate education savings and takaful protection packages that are affordable and comprehensive.
"It is not burdensome as every ringgit saved is fully guaranteed by the government, in addition, the savings plans offered are with affordable packages that can be opened by all levels of the society," she said.
She was speaking to reporters after a corporate social responsibility (CSR) programme called 'Federal Territory Baby: Encouraging the Public to Save from the First Day of Life' at the Tung Shin Hospital, today.
She said the CSR programme aimed to raise awareness and encourage parents to begin saving for their children's education from the day they were born.
Earlier, Mastura handed out contributions in the form of SSPN-i Plus accounts credited with RM100, as well as hampers to two babies born at the hospital in conjunction with Federal Territories Day yesterday.
Meanwhile, Chong Wuan Yen, 26, a nurse who delivered one of the Federal Territory babies here said she would consider saving money in the SSPN-i Plus account for her child's education.
"I will discuss with my husband about it, as Bryson Ching is our first baby and we have not planned anything yet on savings," she said.
SSPN-i Plus is a scheme or a savings plan designed by PTPTN for higher education.
SSPN-i Plus is an upgrade from the existing SSPN-i Plan which adopts the concept of monthly savings commitments, depending on the package chosen. — Bernama