Yayasan Guru Malaysia Berhad

Name

Yayasan Guru Malaysia Berhad

Legal name

Yayasan Guru Malaysia Berhad

Website

https://ygmb.com.my

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Yayasan Guru Malaysia Berhad (YGMB) is a Malaysian foundation that runs a tiered membership welfare scheme — Platinum, Emas, Skim 18, Skim 16 and Seumur Hidup — for ~100,000 of the country's ~430,000 teachers, collecting monthly fees via the ANGKASA salary-deduction system.

Ownership category

akta.pro rank

Product category

Teacher Welfare Services

NAICS

Health and Welfare Funds (525120), Insurance and Employee Benefit Funds (5251), Other Insurance Funds (52519), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Life Insurance (6311), Accident & Health Insurance (6321), Hospital & Medical Service Plans (6324)

akta.pro primary industry

Retakaful (Life & Health) (FSAIANAM)

Keywords

• Teacher welfare foundation
• Educator insurance schemes
• Group welfare protection
• Membership welfare benefits
• Education sector takaful

Headquarters

HQ city

Putrajaya

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: YGMB generates revenue through monthly membership fees from its five tiered membership schemes. Fees range from RM10 to RM79 per month depending on the chosen scheme, collected via salary deduction (SPGA) for active educators.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Yayasan Guru Malaysia Berhad (YGMB) is a welfare foundation that operates tiered monthly membership schemes for Malaysian educators, delivering financial protection through death benefits (Khairat Kematian), permanent disability coverage, critical illness protection, hospital allowances, road accident benefits, education incentives, natural disaster relief, and legal aid. The foundation collects monthly subscription fees ranging from RM10 to RM79 via salary deduction (SPGA) and partners with Takaful Ikhlas for takaful-backed protection in the Gold tier.

Product overview

Yayasan Guru Malaysia Berhad (YGMB) is a welfare foundation for Malaysian educators offering a tiered membership system with five distinct schemes: (1) Ahli Skim Platinum - premium tier with 21 benefits at RM79/month for educators under 54; (2) Ahli Skim Emas - gold tier with 11 benefits at RM35/month for educators under 64 with lifetime coverage until age 79; (3) Ahli Skim 18 - 19 benefits at RM28/month for educators under 55, launched July 2018; (4) Ahli Skim 16 - 17 benefits at RM10/month, launched 2012; and (5) Ahli Seumur Hidup - original lifetime membership from 1994. All schemes provide death benefits, critical illness coverage, hospital allowances, and educational incentives with membership fees collected via ANGKASA Salary Deduction System (SPGA).

Differentiator

Problem solved

Functional benefit

Brands

• Ahli Skim Platinum: Premium membership scheme with RM79/month offering 21 benefits including 51 critical illness types, Special Child Assistance, Miscarriage benefit, and Ambulance Service.
• Ahli Skim Emas
• Ahli Skim 18
• Ahli Skim 16
• Ahli Seumur Hidup

Products and services

• Ahli Skim Platinum (Platinum Membership) Premium membership tier offering 21 comprehensive welfare benefits including critical illness coverage for 51 diseases, special child assistance, miscarriage benefits, and ambulance services, with maximum protection value up to RM132,000 at RM79/month for Malaysian educators aged 54 and below.
• Ahli Skim Emas (Gold Membership) Gold membership providing 11 welfare benefits with lifetime protection until age 79 for educators under 64 years old at RM35/month, including death benefits (RM52,000 normal, RM102,000 accident), total permanent disability (up to RM100,000), critical illness (RM50,000), and hospital allowance (RM50/day). Administered through Takaful Ikhlas Family Berhad partnership.
• Ahli Skim 18 (AS18) Membership scheme launched July 1, 2018 offering 19 welfare benefits for educators under 55 years at RM28/month, including death benefits (RM27,000 normal, RM52,000 accident), critical illness (RM25,000), hospital allowance (RM25/day), road accident coverage, education incentives, legal aid up to RM30,000, and Covid-19 treatment coverage. Maximum membership until age 60.
• Ahli Skim 16 (AS16) Entry-level membership scheme launched in 2012 offering 17 welfare benefits at RM10/month for educators, including death benefits (RM8,000), critical illness coverage, hospital allowance, education incentives, and disaster relief. Coverage ends at age 60.
• Ahli Seumur Hidup (ASH) - Lifetime Membership Original lifetime membership introduced at foundation establishment in 1994, providing welfare benefits to pioneer members throughout their lifetime including retirement rewards (RM200), education incentives (RM300 historically), and Covid-19 treatment benefit up to RM300.

Quantifiable outcome

• RM17 million in welfare contributions distributed since 1994
• +4 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Takaful Ikhlas Family BerhadcoreStrategic or Co-development Partner · 9 April 2021MoU signed for the development and administration of Skim Emas (Gold Scheme). Takaful Ikhlas provides the takaful (Islamic insurance) framework for the Gold tier membership, enabling YGMB to offer enhanced protection benefits to retired and older educators without requiring health examinations.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Etiqa Family Takaful Berhad: Major Malaysian insurance and takaful operator with comprehensive life and health coverage products. Comparable as a broad-incumbent takaful competitor targeting similar demographic segments including civil servants and educators.
• Syarikat Takaful Malaysia Keluarga Berhad (Takaful Malaysia): Malaysia's largest takaful operator offering family and general takaful products nationwide. Directly comparable as a broad-incumbent takaful/insurance player competing for similar life-and-health premium pools, including with potential educator customers.
• Pekerja Sosial Malaysia / Pertubuhan Keselamatan Sosial (SOCSO / PERKESO): Malaysia's national social security organization administering statutory employment injury, disability, and survivor benefits for all workers. Functionally comparable in administering welfare benefits via payroll deductions, including for public-sector employees.
• Kumpulan Wang Persaraan (Diperbadankan) (KWAP): Malaysia's federal government Retirement Fund managing pension obligations for public-sector employees including teachers. Comparable as the statutory welfare counterpart for the same educator customer base YGMB serves through supplementary schemes.
• Kumpulan Wang Simpanan Pekerja (KWSP / EPF): Malaysia's Employee Provident Fund providing mandatory retirement savings for all workers including teachers. Comparable as the foundational welfare/savings vehicle using employer-salary-deduction mechanics that YGMB layers supplemental coverage on top of.

Others

• Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat): Malaysia's largest cooperative bank serving civil servants and cooperatives with payroll-deduction based personal financing. Adjacent enabler/peer sharing the cooperative-banking distribution rails and customer demographic that YGMB accesses via ANGKASA.

Direct peers

• Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA): Malaysia's national cooperative apex body that operates the SPGA (Sistem Potongan Gaji) salary-deduction rails YGMB depends on for membership fee collection. Provides overlapping welfare/cooperative distribution infrastructure for Malaysian civil servants and is the closest functional channel/ecosystem peer.
• Takaful Ikhlas Family Berhad: YGMB's strategic MoU partner for the Skim Emas (Gold) tier, supplying the underlying takaful (Islamic insurance) framework for life and health benefits to educators. Comparable as the underwriting engine behind YGMB's premium-tier offering.

Emerging players

• Muhammadiyah Malaysia / Islamic Welfare Foundations: Malaysian Islamic welfare organizations operating membership-based khairat (death-benefit) and welfare funds for specific communities. Comparable as emerging player in the membership-driven Islamic welfare fund space that intersects with YGMB's takaful-backed educator welfare offerings.
• Persatuan Guru-Guru Sarawak / State Teacher Welfare Associations: Malaysian state-level teacher associations (Persatuan Guru Sarawak, etc.) that provide supplementary welfare, advocacy, and member services for educators. Comparable as emerging/community-based welfare providers operating in adjacent segments of the same educator customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/yayasan-guru-malaysia-berhad

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yayasan Guru Malaysia Berhad