The Malaysia Deposit Insurance Corporation, known domestically as Perbadanan Insurans Deposit Malaysia (PIDM), is a Malaysian government agency established on August 15, 2005 under the Malaysia Deposit Insurance Corporation Act 2005 to administer the country's Deposit Insurance System. Its mandate expanded on December 31, 2010 to also administer the Takaful and Insurance Benefits Protection System, covering owners of takaful certificates and insurance policies, and it serves as Malaysia's resolution authority for member banks and insurer members, protecting depositors up to 250,000 Malaysian ringgit per depositor per member bank and reimbursing them within three months of a winding-up order.
Facts
Founding Year Founding Date Headquarters Geography
Country or Jurisdiction Served Sources
1. Malaysia Deposit Insurance Corporation (Wikipedia)
2. About PIDM, Perbadanan Insurans Deposit Malaysia
About PIDM FAQ, first answerQuote, About PIDM FAQ, first answer
PIDM was set up in 2005 to administer the Deposit Insurance System (DIS) aimed at protecting depositors.
3. PIDM's journey as a financial consumer authority, Perbadanan Insurans Deposit Malaysia
Article body, opening paragraphQuote, Article body, opening paragraph
PIDM was established on 5 September 2005 under the PIDM Act to administer the Deposit Insurance System (DIS)
4. Contact Us, Perbadanan Insurans Deposit Malaysia
Physical office addressQuote, Physical office address
Level 9, Bangunan AICB, 10, Jalan Dato' Onn, 50480 Kuala Lumpur
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