About Perbadanan Insurans Deposit Malaysia (PIDM)

Perbadanan Insurans Deposit Malaysia (PIDM) is a Government agency established in 2005 under Akta Perbadanan Insurans Deposit Malaysia (Akta PIDM).

Our role under Akta PIDM is to administer the Deposit Insurance System (DIS) and the Takaful and Insurance Benefits Protection System (TIPS) to protect bank depositors and owners of takaful certificates and insurance policies in the event of a member institution failure.

PIDM is also mandated to provide incentives for sound risk management in the financial system, as well as promote and contribute to the stability of the financial system.