SOCSO (PERKESO) Coverage
Someone told me that Socso pays after a person died of disease, for the benefits of the disease family and the payment goes to the wife. All along I thought (and I believe it is to many of us belives as well) Socso pays on occupational harzard.
So I decided to check on them and true enough I found the info at their website at http://www.perkeso.gov.my/. When you log into it, go check out “Services” and under “Introduction” you will find the following:-
SOCSO administer two types of protection schemes ie Employment Injury Scheme (EIS) and Invalidity Pension Scheme (IPS) . The EIS provides protection to employees who are involved in accidents arising from out of employment, occupational diseases, and also commuting accident. PIS provides 24 hours coverage for workers from invalidity or dies irrespective of the cause of death. The other objective is to ensure payments are made to workers and dependants when an unexpected incident occurs.
How about that? Sounds interesting? Especially PIS is super attractive!! Yippie!