PIDM collaborates with Lat!

PIDM collaborates with Lat 
on new public awareness campaign -

Advertising campaign to enhance understanding about financial consumer protection

FINANCE & LIFESTYLE
Kuala Lumpur-MALAYSIA
Thursday, 27th August 2015: 

Perbadanan Insurans Deposit Malaysia (PIDM) today launched its new advertising campaign for public awareness developed in collaboration with  famous Malaysian cartoonist Datuk Mohammad Nor Khalid, popularly known as Lat.

The nationwide campaign is part of PIDM’s ongoing initiatives to enhance public awareness and understanding about PIDM and the protection systems it administers, namely the Deposit Insurance System (DIS) and the Takaful and Insurance Benefits Protection System (TIPS). PIDM is also mandated to promote and contribute to the stability of the financial system in Malaysia.

“We want the public to know that PIDM is the financial consumer protection authority that administers sound protection systems for their bank deposits, insurance and takaful benefits,” said Encik Rafiz Azuan Abdullah, PIDM’s Executive General Manager.

“Knowing about this protection will give financial consumers added assurance that their funds are secure in the unlikely event of a member institution failure. This promotes confidence, and public confidence is key towards ensuring stability of the financial system in Malaysia,” he added.

He explained that PIDM expends considerable effort and resources towards enhancing public awareness and understanding of the financial consumer protection systems in place. Educating the public requires continuous effort that needs to be carried out over the long term for it to be effective.  

Since its inception in 2005, PIDM has embarked on various public awareness initiatives and previous advertising campaigns have provided valuable insights that the right communication channels and platforms are necessary to reach out to our target audiences and get this important message across.

“We are delighted to collaborate with Lat for our latest advertising campaign as his trademark black-and-white drawings have brilliant storytelling ability that can bring to life complex messages, which cut across all races and demographics. This is exactly what we were looking to employ for our campaign,” explained Encik Rafiz.

“I empathised with PIDM and understood the challenges in communicating about financial matters which can be daunting to many. I then felt compelled to do my part for the nation and its people as this information is important for every Malaysian to know,” said Lat.

The advertising campaign will kick off on 7 September and will be featured in traditional media channels through television, radio and print advertisements, as well as via online and social media platforms. PIDM will also utilise Lat’s work in its other communication materials planned for later this year, such as brochures, posters and the membership decal.

ABOUT PIDM

PIDM administers the statutory Deposit Insurance System and the Takaful and Insurance Benefits Protection System in Malaysia. Through these systems, eligible bank deposits and takaful and insurance benefits are protected under the law. As an integral part of the national financial safety net, we promote and contribute to the stability of the financial system.