FWD Insurance and BSN’s Camp Millionaire champions financial literacy
December 31, 2024
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Nationwide initiative culminates in a transformative financial education camp, equipping primary school students with essential financial management skills and fostering a financially inclusive Malaysia.
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KUALA LUMPUR, Malaysia, Dec. 31, 2024 /PRNewswire/ — FWD Insurance Berhad (“FWD Insurance”) and Bank Simpanan Nasional (“BSN”) have reached a significant milestone in their transformative mission to enhance financial literacy among Malaysia’s youth. Launched on 6 December, the Camp Millionaire programme culminated in a grand finale on 7 December, marking the successful conclusion of the first phase of this nationwide initiative aimed at empowering primary school students with essential financial knowledge and skills.
Camp Millionaire, an advanced financial education camp developed by Little Tauke, brought together 100 participants, selected as top achievers from their respective schools. The programme offered an immersive experience to deepen their understanding of financial management, empowering them to apply their knowledge practically and become ambassadors of financial literacy within their communities.
FWD Insurance and BSN collaborated with Little Tauke, the financial education experts to deliver the “Know Your Money” programme which has already empowered over 1,000 students across 20 schools nationwide, reaching both urban and rural communities.
This initiative underscores FWD Insurance’s unwavering commitment to financial inclusion, aligning with Bank Negara Malaysia’s (BNM) mandate to enhance financial literacy across the nation. By leveraging BSN’s strong school networks and Little Tauke’s educational expertise, the programme imparts crucial financial knowledge to primary school students aged 10 to 12, laying a robust foundation for their future financial well-being.
“FWD is dedicated to empowering individuals with the knowledge and tools they need to thrive and celebrate living,” said Mak See Sen, Chief Executive Officer of FWD Insurance. “This partnership with BSN and Little Tauke exemplifies our forward-thinking approach, where financial literacy is not just a skill but a gateway to a brighter future. Our collaboration with BSN has significantly accelerated our efforts to promote financial literacy among Malaysian youth, building strong momentum towards a financially inclusive future.”
“Financial literacy goes beyond merely learning how to accumulate wealth. It encompasses the ability to make informed decisions about spending, saving, investing, and managing debt. These are essential life skills that have a profound and long-lasting impact on an individual’s financial well-being. By instilling these skills at a young age, we empower the youth to navigate the complexities of the financial world with confidence and responsibility,” he added.
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