SSPN launches CNY campaign

THE National Higher Education Fund Corporation (PTPTN) is all set to extend its outreach campaigns this year to increase awareness on the benefits of its education savings fund for Malaysians, especially among the rural communities.

With its latest Gong Xi Ang Pow SSPN 2021 campaign launched on Feb 8, PTPTN is attracting the interest of multi-racial Malaysians to save with the National Education Savings Scheme (SSPN), an education savings product under the PTPTN flagship.

Under this campaign themed “Gong Xi Save and Safe”, PTPTN is offering a RM88,888 cash angpow to be shared among 88 lucky winners.

The grand prize winner will get RM8,888, the second prize winner will receive RM6,888, the third winner RM3,888, while 85 consolation winners will each receive RM888.

“We want to spread the huge benefits of saving with SSPN. We will organise campaigns throughout the year to increase awareness on why every Malaysian family should have at least one SSPN account, ” said PTPTN chief executive Ahmad Dasuki Abdul Majid.

“We also want to change the public’s perception of PTPTN, that we are more than a loan provider.”

To reach out to the rural communities, Ahmad Dasuki said that besides TV advertisements, PTPTN deployed nearly 500 marketing executives from its 64 branches to spread the message via Facebook, Instagram and WhatsApp groups, school events and community activities.

He said the Gong Xi Ang Pow SSPN 2021 campaign is targetted at mothers aged 40 to 50 years as they play an important role in deciding on educational savings for their children.

Besides that, people aged below 30 are also the target group as PTPTN wants them to open SSPN accounts when they have children later on.

There are two types of SSPN savings plan – SSPN-i, and SSPN-i Plus with additional benefits.

Ahmad Dasuki reiterated that SSPN is open to all Malaysians, “and we want everyone to enjoy its benefits to the fullest.”

SSPN depositors will be eligible to enjoy various SSPN privileges such as tax relief incentive of up to RM8,000 per annum, competitive dividend payout, free matching grant incentive and also takaful protection. On top of that, all deposits in SSPN are guaranteed by the Government and shariah-compliance.

Parents can compare the various opportunities offered by SSPN with the savings schemes offered by other financial institutions in Malaysia.

“There is also a dollar-for-dollar benefit for SSPN-i depositors. For example, if an account holder deposits RM100,000 in the SSPN-i account, should anything happen to him, his beneficiary will get RM200,000 which is double the savings amount of RM100,000, and an additional RM2,000 in death benefits, ” he said, adding that RM100,000 in savings entitles the depositor to 1,000 chances of winning the angpow SSPN prizes offered by PTPTN.

“They can save as low as RM100 and still stand a chance to win under the Gong Xi Ang Pow SSPN 2021 campaign, ” he added.

Ahmad Dasuki disclosed that RM1.99bil was deposited in SSPN last year, which is the highest annual figure achieved.

Up till Dec 31,2020, the total accumulative deposits in SSPN amount to RM7.88bil, while 4.82 million SSPN accounts have been opened since the savings scheme was introduced in 2004.

The increasing deposits received by SSPN indicates that Malaysians are beginning to realise the importance of saving for their children’s education. It is hoped that with more savings in SSPN, future IPT students’ dependency on PTPTN loans will be reduced over time.

For parents who don’t have an SSPN account, they are encouraged to grab this golden opportunity by opening an account and depositing money during this campaign period and be automatically entitled to the lucky draw.

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