baby stories, money

Awesome benefit for Malaysian babies born in January 2018 onwards

1   ADAM50 (Amanah Dana Anak Malaysia 2050)

For Malaysia babies born from the year 2018 until the year 2022, they will receive a FREE RM200 worth of unit trust incentive. According to ASNB (Amanah Saham Nasional Berhad), the main objective of ADAM50 is to encourage savings and investment of Malaysians from the early age, by distributing free incentive units as initial investment capital.

This RM200 free unit trust incentive will be credited to ASB (Amanah Saham Bumiputera) for Bumiputera babies or AS1M (Amanah Saham 1Malaysia) for non-Bumiputera babies once registration is completed.

The good thing is parents can make additional units to the babies’ account until reaching the maximum limit set by ASNB.

ADAM50
Amanah Dana Anak Malaysia 2050

For more information, please visit the ASNB website.


2   Skim Insentif Kelahiran Anak for babies from Kedah

This scheme consists of a financial aid amounting to RM100. To qualify for this scheme, your babies must

  • Be a Malaysia citizen who is born in Kedah.
  • The parents must be born in Kedah and reside in Kedah.
  • A parent who is not originally from Kedah but has resided for more than 5 years and is registered voter who is voting district is in Kedah.

For more information, please visit the Kedah government website.


3   Program Anak Emas Pulau Pinang for babies from Penang

This program promises a one-off help of RM200. In order to qualify for this, your babies must

  • Be born as a Malaysian citizen.
  • One of the parents must be a registered voter who is voting district is in Penang.

For more information, please visit the Penang government website.


4   TAWAS for babies from Selangor

Babies from Selangor will be eligible for RM1500 upon reaching the age of 18 years old. There are 3 ways that your babies can qualify for TAWAS:

Condition 1

  • Be a Malaysia citizen that born in or outside of the Selangor from 1st January 2008.
  • Have a mother or father who was born in Selangor or KL before 1st February 1974.

Condition 2

  • Be a Malaysia citizen that born in or outside of the Selangor from 1st January 2008.
  • Parents who are not born in Selangor but have been residing in Selangor for a minimum of 5 years.
  • Have been officially certified as Selangor resident.

Condition 3

  • Be a Malaysia citizen that born outside Selangor but within the same district that borders the Selangor state from 1st January 2008.
  • Parents are certified a permanent resident of Selangor by the official certification from the Ketua Kampung, Penghulu and Pengerusi Taman Perumahan of the area.

For more information, please visit the TAWAS website.


In conclusion, I hope you have found some useful information for your future baby’s planning. For me, I don’t live in any of the states mentioned above, thus I’m only entitled to the ADAM50. The best thing I can do right now is to create a saving account for my baby to provide them a better financial future.

Are there any benefit schemes for your baby in your country? Share with me your thoughts and ideas in the comment section below.

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