Corporate Terms of Services

The terms "Lyndung", "We", and “Us” under these Terms of Services relate to Lyndung Sdn. Bhd. The terms “SMEs”, “Business Owners”, “Corporate”, “Corporation”, “You” and “Your” relate to the user(s) of this website.

The following Terms of Services give you access to Lyndung Sdn. Bhd.'s website and services. By accessing this website and/or utilising any of the given services, you have unconditionally agreed to be bound by these Terms of Services. If you disagree with the Terms of Services, you are strictly not permitted to use the website or participate in the Lyndung Community Sharing Programme (“the Programme”).

We may occasionally update the Terms of Services. Any amendments made will be notified through the Lyndung website. The revised Terms of Services are considered final.

1. Condition of Use

1.1. Access to this website and the Programme is always subject to Lyndung’s Programme Guidelines, Members Manual and all applicable laws, regulations and statutes of Malaysia.

1.2. The content of this website is not an invitation to a contract. Members will receive a legally binding and enforceable agreement upon signing up for the Programme.

1.3. This website's content is not intended for dissemination or use in any jurisdiction or country where doing so would be illegal or contrary to the regulation (i.e. without prior written consent from Lyndung).

1.4. By using this website, you agree not to abuse or misuse it or the Programme in any manners, such as assisting someone in hacking or gaining unauthorised access or interfering with the access and usage of the others.

1.5. This Programme applies the Wakalah (Agency) concept. By accepting this Term of Services, you agree to appoint Lyndung to act on your behalf to invest and manage the fund.

2. Warranty and Liabilities

2.1. Lyndung makes no warranties or claims regarding the accuracy, adequacy, or completeness of the content on this website, whilst we shall take whatever necessary steps to guarantee the accuracy of this website. However, the use of information on this website is at your own risk.

2.2. Lyndung may provide links to external websites that are not within our control but have safely gone through with our checking. We offer no representations or warranties and assume no liability or responsibility for the content, opinions, products, or services of these websites. Your access to the linked websites is at your own risk.

2.3. Lyndung is not responsible and/or guarantees nor warranty that this website or any of the content is free from any viruses or malware. We shall not be liable for your access to the website or any downloads from the website.

2.4. Lyndung shall not be held liable for any damages, losses, or causes of action that exceed the amount paid by you for or during accessing the website or apps solely to the extent of relevant regulation stated in the Programme Guidelines and Members Manual except in the event of Lyndung misconduct, negligence or breach of specified terms that results in damages and losses mentioned herein.

3. Intellectual Assets

3.1 This website and the Programme are owned and administered by Lyndung.

3.2. All trademarks, copyrights, logos and other intellectual assets featured on this website are the property of Lyndung Sdn. Bhd.

3.3. The use, downloading, duplication or alteration of these intellectual assets is restricted to personal use only. However, all copyrights and notices must remain unchanged on any content that is used herein.

4. Links and Third Party Content

4.1 Links and content from third parties are provided only for your convenience and information. Links leading to websites operated by third parties are not controlled by Lyndung. Therefore, we are not responsible for other websites' content. Their opinions do not represent Lyndung as an organisation.

4.2. These links are not endorsements, invitations, offers or advertisements for the linked website. When browsing or using the attached links, you do so at your own risk. We are not responsible for any damages related to the links.

5. Sharing Contribution and Fees

5.1 Sharing Contributions made on behalf of employees are regarded as Tabarru’, which is used for mutual aid and assistance among Lyndung members.

5.2 Membership fees collected on an annual basis will be regarded as Wakalah fees and are utilised to cover the management and expenses incurred during hospitalisation process, such as Third Party Administrator (TPA) and eKYC for Lyndung.

5.3 SMEs and/or business owners are required to pay RM100 Initial Sharing Contribution and RM120 membership fees per employee.

5.4 The corporation is required to renew the employees' membership annually and top-up employees’ Pocket (Sharing Contribution) balance to RM100 if the balance falls to RM50 or below.

5.5. The corporation is responsible for any fees and taxes linked with Lyndung Community Sharing Contributions, such as payment gateway fees (if any) and Government Service Tax.

5.6. After joining the Programme, in the event that SMEs and/or business owners have new employee(s), he/she may be added to the Programme through the admin page.

5.7. The membership fee for a new employee is prorated based on the balance of the remaining month(s) of the corporate’s joining month. You, however, will still be charged RM100 Initial Sharing Contribution for each new employee.

5.8. An employee may opt to continue their membership by choosing the individual programme even after his/her employment with the company has ended. All fund balances will be carried forward.

5.9. Sharing Contributions and membership fees are non-refundable. Any members who withdraw from the Programme after continuing their membership when their employment with the company has ended will not receive refunds of the Sharing Contribution and membership fees.

5.10. SMEs and/or business owners are bound to Section 9 of Programme Guidelines, if you are ever found to have failed to pay Sharing Contribution top-up or membership fees.

5.11. Lyndung reserves all rights to amend the Annual Membership Fee and/or impose an additional fee, such as payment gateway fees (if any), as it deems fit, necessary and reasonable, which the amendment would be informed to prior imposition and mutual consent by both parties.

5.12. The membership fees will be imposed on Wakalah bil Ujrah principle whereby SMEs and/or business owners will appoint Lyndung as their agent to manage the Sharing Contribution Pool and Lyndung earns Membership fees based on service rendered.