Digital Financial Inclusion Challenge 2021

Fun(d) for Life 2021

How might we provide enough information & support for B40 to subscribe & maintain their protection’s monthly contribution in their lifetime?

Prizes totalling more than RM10k!

Consolation prizes: RM500 x 2 teams Third prize: RM2,000 Second prize: RM3,000 First prize: RM5,000

What is DFIC 2021?

DFIC is an innovation design competition to address financial inclusion specifically in the understanding, access & uptake of microtakaful amongst the marginalised communities.

Who can join?

Malaysian students aged 18-30 studying in any field.

Passionate about financial inclusion.

Be in a team of 3 students.

How to join?

Fill up this form:

You will need to 

-have the details of all 3 team members

-answer two short essay questions, and

-make a simple video recording (under 2 minutes, no editing).

Participants’ Journey

8 Nov 2021
21 Nov 2021
24 Nov 2021
26 Nov - 2 Dec 2021
3-4 Dec 2021
10-11 Dec 2021
12 Dec 2021

Frequently Asked Questions

The DFIC2021 is an innovation design competition to address financial inclusion specifically in the understanding, access and uptake of microtakaful amongst the marginalised communities.

In short, we would like to get your ideas on how we can get more disadvantaged people to protect themselves with microtakaful!

The FFL Financial Inclusion Challenge is organised by Fun(d) for Life (a partnership between FWD Takaful and Arus Academy) as well as the Financial Inclusion Youth Committee (FIYC).

Solutions can be focused on the following but not limited to:






We are offering cash prizes of up to RM5,000. You will also be able to meet other like-minded people who are passionate about improving the lives of all Malaysians. Besides, you may also be prioritised for internship positions with one of the organisers.

If selected to go into the next round, you are expected to be present and participate actively during the online sessions on the following dates:


Part 1: Ideating through understanding

3 Dec 2021 (evening)

4 Dec 2021 (morning)


Part 2: Mentorship

10 Dec 2021 (evening)

11 Dec 2021 (morning)



12 Dec 2021

Fill up the application form here:

You must submit your application as a team of 3 students. Only 1 submission is needed per team.

No, you may make your submissions in either Bahasa Malaysia or English. Your submissions will be judged based on merits and not the language used.


Do note that the live sessions will be primarily conducted in English, although you are allowed to use Malay throughout your participation.

Of course! As long as you are a Malaysian student or working professional aged 18-30 studying at a higher institution of learning on the date of application.

No, it doesn’t. We’re looking for young individuals who are passionate and creative about wanting to build a more equitable world for all.

All your submissions, photos/videos and other necessary information related to the event may be used in our social media and communication with external parties for the purpose of event promotion and reporting.

You may directly message DFIC2021’s official Instagram account, @finfutureleaders.

Follow the DFIC2021’s official Instagram!