Malaysian freelancers are set to benefit from a new memorandum of understanding (MoU) between Life Insurance Association of Malaysia (LIAM) and Malaysian Digital Economy Corporation (MDEC).

In a press statement on Bernama, LIAM president, Anusha Thavarajah said: "It has been LIAM’s aspiration to provide the best-in-value insurance products for MDEC and its targeted communities.

"The Perlindungan Tenang initiative fits this aspiration as we offer six affordable, accessible and easy to understand protection plans for the Malaysian freelancers."

The MOU was signed by LIAM president, Anusha Thavarajah and MDEC’s Sharing Economy Ecosystem Division (SEED) director, Darzy Norhalim.

It was witnessed by Penang Chief Minister, Chow Kon Yeow, Communications and Multimedia Deputy Minister, Eddin Syazlee Shith and MDEC’s chief operating officer, Datuk Ng Wan Peng.

The MoU was signed in conjunction with the Sharing Economy Conference Penang 2018 organised by MDEC on Sept 6 at a hotel in George Town, Penang.

"The sharing economy initiative with MDEC will also open up more opportunities for the Malaysian freelancers to deliver digital and non-digital works to LIAM member companies and stakeholders from time to time. Hence, this collaboration will bring mutual benefits to LIAM and MDEC."