The protection afforded by the policy is very wide and embraces any accident or misfortune not expressly excluded. This cover is restricted to personal or domestic items only.
The property is insured against loss or damage by accident or misfortune within the Territorial Limits defined in the policy.
Go back to look at another type of insurance, or fill out our Information Request form.
1) Wear and tear
2) Mechanical derangement or defects
3) Scratching or denting
4) Cracking or breaking of brittle articles
5) Deeds, bonds, Bills of Exchange, promissory notes, cheques, money, medals, etc.
6) Burglary risks if premises are unoccupied for more than 60 days.
The policy covers three main areas:
1) Damage to boilers and pressure vessels
2) Damage to insured’s surrounding property (where the Sum Insured is sufficient)
3) Third party liabilities
The basic cover is limited to damage or liability solely due to sudden explosion or collapse (implosion) of those parts of the boiler (or vessel) which are under pressure.
Any vessels under steam or air pressure e.g. steam boilers, economisers, calorifiers, air receivers cylinders, superheaters.
The sum insured under (1) should include an allowance for damage due to a major explosion to surrounding property as well as the replacement value of the boiler or vessel if the indemnity is to be complete.
The replacement value should include freight, dues and customs duties and any additional cost of erection.
Strike, riot and civil commotion
overtime, night work and express freight
The policy is subject to a minimum amount of deductible.
1) Claims arising from boiler or pressure vessel explosion are often specifically excluded from fire and public liability policies. The fire policy “explosion extension” does not cover the boiler pressure vessel itself.
2) In these instances where the machinery breakdown policy is effected, boilers and pressure vessels can be and should preferably be included in the machinery breakdown cover.
3) A pre-acceptance survey is usually required.
Refer to Company
Minimum premium - RM100.00
Go back to look at another type of insurance, or fill out our Information Request form.
Bonding is a type of contract that normally comes in the form of either a:
a) Bank guarantee
b) Insurance guarantee
The guarantee is given by a surety to accept responsibility for the performance of a contractual obligation entered into by one party with another in the event of former’s default. Between principal/developer/owner and contractor/sub-contractor, to complete a specified project within specified terms and period.
The different types of bond used in connection with the construction industry are:
a) Tender bond
b) Performance bond
c) Advance payment bond
The main object of this type of bond is to guarantee that the contractor who is awarded the contract will enter into the contract at the terms that he has submitted to the principal. If the contractors are unable to maintain their quotation the bond will be liquidated and either the bank or insurance guarantee will have to indemnify (pay) the Principal for the damages sustained up to the amount of the Bond.
This type of bond is usually required by the principal to ensure that the contractor fulfills his contractual obligations within the period specified or in accordance with specification as outlined in the contract. The guarantee amount is based on 5% of contract value of the project.
This type of bond is issued when the principal requires the surety to guarantee that the Advance Payment paid to the contractor is invested in the pre-financing aspects of the contract. The amount guarantee is based on 15% of contract value of the project.
Bonding business is basically a very sophisticated one and it is important to know about the type of business, the proposes are in as well as to analyse objective all particulars and information received especially the financial statement and the contractor experience and capability in their works.
The set of questionnaire required to be submitted for each bond proposal is designed to elicit information for:
a) Assessment of the contractor (proposer) on their capability, experience
and their financial position.
b) Assessment on the project, works, period, principal etc.
c) Assessment on the third party guarantors.
Adequate parties shall stand as guarantors such that their total net worth is more than
the bond value.
Refer to Company
a) Where a bond guarantee insurance is issued, it must always be
accompanied with the relevant Contractor All Risks and Workmen’s Compensation
policies. This requirement may only be waived if the contract awarded is from Government
Department (Public Liability, Fire, WCI would be acceptable).
b) All documents should be submitted to the Underwriting Department for evaluation and
presentation for approval. No bond will be issued until all the required documents are
submitted for processing.
c) Payment Bonds are issued on a cash before cover basis.
d) Cash collateral must be provided by the Contractor (Proposer).
Cancellation of Bond
The proposer, upon completion of project, should write to the company (Underwriting Department) for the cancellation and to provide the following documents:
1) Letter from principal to the contractor confirming the completion of
the project.
2) Original Bank Guarantee/Insurance Guarantee to be returned to the insurance company.
3) Upon the completion, the cash collateral will be refunded. A confirmation letter from
the Principal and/or the return of the original Bond Guarantee is required as proof of
completion.
Standard Requirements for Bond
The following documents and information are for the assessment of the Contractor and Project:
1) Proposal form to be executed, stamped and signed
(all questions must be
answered) {to enclose any related documents as proof}.
2) Third Party Guarantor Form to be executed.
3) Joint and several undertaking, indemnity and guarantee forms to be completed and
executed in the following manner:.
a) Signed by the company
b) Signed by the owner/director (as individual)
c) Signed by all third party guarantors
d) Witnessed and signed by Commissioner of Oath
e) Company seal to be affixed (if body corporate)
4) Supplier Letter confirming the supply and credit limit.
5) Resolution of Board of Directors (To be typed on Company letterhead and to signed by
all authorised signatories).
6) Latest balance sheet or statement of current asset and liabilities duly audited .
7) Bank statements for the last three months.
8) Latest Form 24 and 49.
9) List of completed projects (To be attached).
10) List of underway projects (To be attached).
11) Latest income tax return of the company and directors
12) Identity card of directors and Third Party
13) Letter of Acceptance
14) Preliminary report (breakdown of contract value)
15) Business registration form
16) Payment for cash collateral
17) Payment for the bond premium
18) Latest income tax returns of the third party
19) Proof of asset of the third party (sale and purchase agreement, grant title etc.)
20) Certified copy of Memorandum and Articles of Association or Partnership Deed.
Go back to look at another type of insurance, or fill out our Information Request form.
All business concerns need burglary insurance in respect of their merchandise, (whether raw materials or finished goods) plant, furnishings, etc. However, the moral hazard is very important and risks should not be canvassed unless supported by other business (e.g. workmen’s compensation, fire and public liability)
1) Theft accompanied by actual forcible and violent entry or committed by
any person or persons (other than employees) illegally concealed in the premises or
2) In the case of private residence and/or residential flats only, by being wrongly taken
or carried away from the premises with illegal intent.
3) Resulting in damage to the property insured
4) Resulting in damage to the premises due to such theft or any attempt thereof
1) Market value at time of loss less profit
2) Net cost of repairing such damage to premises - limited to 5% of total sum insured
1) Loss or damage by theft or attempted theft by a member of the
insured’s family, business or domestic staff or by any person lawfully on the
premises.
2) War risks etc. riot strike etc. confiscation or destruction.
3) Medals, coins, curiosities, sculptures, manuscripts, rare books, plans, patterns,
models, moulds, designs, deeds, bonds, bills of exchange, promissory notes, money,
securities for money, stamps, documents of title or business books.
4) Loss arising from unoccupancy for a period exceeding 30 consecutive days.
5) Recoverable under fire or plate glass insurance policy.
6) If there be any material alteration in the premises whereby the risk is increased.
Go back to look at another type of insurance, or fill out our Information Request form.
This insurance is designed specifically for civil engineering projects/works that are under construction. The policy covers ‘the work site’ from all damages which could affect the property constituting the future construction. It is an ‘All Risk’ insurance to indemnify the insured party/parties against any damage which might affect the property insured during the period of insurance. Third party liability coverage is usually required and included on a limit selected by the contractor or principal (as stipulated in the project contract).
Dwelling houses, multi-story buildings, business premises, offices, warehouses, hospitals, schools, theatres, factories, bridges, dams, canals, tunnels, irrigations and water supply systems, drainage and sewer systems, roads, railways, airports, etc.
Principal or the owner
Financial Institutions/Banks
Main contractors
Sub-contractors under main contractors
Third parties: Any person other than those related to or working for the above.
1. All the works to be performed under the contract whether they are preparatory provisional or final, together with all the material and equipment constituting them.
2. Provisional installations such as barracks, warehouses, site offices, etc.
3. Plant machinery and equipment
4. Removal of debris
5. Professional fees
| Natural Perils | Fire, lightning, water damage, flood, storm and tempest, subsidence, land-slide, cyclone, hurricane, earthquake and volcanic eruption |
| Social Misc. | Burglary and theft |
| Chemical Misc. | Explosion, spontaneous combustion, heating, fermentation |
| Misc. | Impact and aircraft damage |
| Others Misc. | Accidental damage, e.g. due to faulty manipulation, collapse, collision, consequences of defective materials, castings, defective workmanship. |
Consequential losses and liquidated damages
Cessation of work whether total or partial
Wilful act
War and nuclear risks
Non-observance of trade rules
Faulty design
Riot and strike
Overtime and express freight expenses
Cross liability
Extended maintenance
Visit maintenance
Cover for consultants as third parties
Cover for damage to structures caused by vibration and/or removal or weakening of support.
Partial/total cessation of work
Cover for existing structures and/or surrounding property
Principal’s existing property or property belonging to or held in care
Cover for designer’s risk
Plan and document
Special conditions concerning fire - fighting facilities
Warranty concerning underground facilities
The sum insured or the Contract Value should represent the amount estimated in constructing the project and take into account the new replacement value of the works via:
Labour cost
Cost of materials
Expenses concerning constructional plant and equipment
General expenses
Profit margin
Taxes and duties
1) Name of proposer and principal
2) Name of Contractor, his previous work experience and his reputation
3) Details of worksite
4) Nature of contract/type and method of construction/title of contract
5) Breakdown in value of contract
a) Contract works
b) Construction equipment
c) Construction plant and machinery
d) Clearance of debris
e) Professional fees
6) Limit of third party liability
7) Period of insurance
8) Maintenance period
The policy is subject to a minimum amount of deductible both for material damage and third party property damage.
Minimum premium - RM250.00
Go back to look at another type of insurance, or fill out our Information Request form.
For those categories of employees not protected by the Workmen’s Compensation Acts or SOCSO, liability at law still exists and the Employer can obtain indemnity under the Employer’s Liability Policy.
The policy indemnifies the insured against liability at law to pay compensation and claimant’s cost and expenses in respect of injury for which he is liable and in addition to pay all cost and expenses with the company’s written consent.
Employees of sub-contractors
Compensation to pay under Workmen’s Compensation Laws
War risks
‘Workman’ means any person who has entered into or works under a contract of service or of apprenticeship with an employer whether by way of manual labour or otherwise.
Non-manual workers whose earnings exceed RM500
Casual workers
Domestic servants
Armed and Police forces personnel
Any member of the family of the employer who lives with him
Employees of sub-contractors
The rate is 25% of the WCI tariff rate subject to a minimum rate of 0.10%.
Note: The current WCI rate has been reduced by 15% across.
Minimum premium - RM35.00
Go back to look at another type of insurance, or fill out our Information Request form.
Equipment insurance is available for any self-propelled vehicle and equipment not used on public roads.
Covering movable and mobile equipment such as tractors, cranes, forklifts, bulldozers, caterpillar, etc. (vehicles used for contract works at contract sites)
The policy covers loss or damage to the vehicle or equipment including accessories and spare parts whilst thereon caused by:
1) Accidental collision or overturning, consequent upon mechanical breakdown or wear and tear.
2) Fire, external explosion, self-ignition or lightning.
3) Housebreaking and theft
4) Costs not exceeding RM500.00 reasonably incurred for protection and removal of property to its nearest repairers within the country.
1) Use on public roads
2) Use beyond territorial limits
3) Whilst in transit (including loading and unloading)
4) Use by unauthorised operator
5) Electrical and mechanical derangement
6) Loss of accessories or spare parts or damage to tires or wheels unless vehicle or equipment is stolen or damaged at the same time.
7) Loss or damage to canopy unless caused by or resulting from the overturning of the vehicle or equipment.
8) Loss or damage caused by overloading or straining.
9) Perils of nature, nuclear risk and warlike risks.
10) Tin mining and quarry works.
11) Dump Trucks (Refer Risk)
1) Strike and riot
2) Perils of nature
| Property insured | Rate | Excess | |
| 1) | New to 5 years (under HP) | 1.25% | |
| 2) | 6 to 10 years | 1.50% | 5% of the sum insured |
| 3) | 11 years and above | Refer |
Note: Rate applied should not be less than fire & perils rate
Minimum premium - RM75.00
Go back to look at another type of insurance, or fill out our Information Request form.
Erection All Risks policies are commonly sought by Contractors when they are awarded contract jobs for erection, installation, testing and commissioning work for electromechanical equipment (e.g turbines, transformers, boilers). In general, erections are made inside buildings.
There are two sections dividing the risks as follows:
A) Section 1 - Material damage
B) Section II - Third party liability (property and bodily injury)
The insurance covers loss of, or damage to, the insured machinery from any cause while it is on contract site from:
1) During erection
2) To completion of testing or take-over by the purchaser, whichever is later
3) From completion of unloading
4) During construction
1) Fire, lightning, water damage, flood, storm and tempest, subsidence, landslide, cyclone, hurricane, earthquake, volcano, explosion, spontaneous combustion, heating, fermentation.
2) Burglary, theft, impact damage, aircraft damage.
3) Accidental damage during assembly, e.g. dropping or falling or breakage of slings, collapse and collision, electrical breakdowns.
1) War, invasion, civil war, rebellion, revolution, mutiny or act of war declared or otherwise.
2) Nuclear reaction, nuclear radiation or radioactive contamination.
3) Wilful act or wilful negligence.
4) Cessation of works
The following is special exclusion on the policy:
1) Consequential losses and liquidated damages
2) Wilful act or wilful negligence of any official of the insured
3) Corrosion (consequences of it are covered)
4) Non-observance of trade rules
5) Loss of, or damage to, surrounding property
6) Defective material, lasting, bad workmanship
1) Riot and strike
2) Land transit
3) Overtime and express freight expenses
4) Cross liability
5) Extended maintenance
6) Visit maintenance
7) Surrounding property clause
The machinery to be erected should be insured for its new replacement value which would include freight, custom rules, erection and testing cost. Thus, the safest way to ensure that property is fully insured is to insure for the contract price.
Subject to an excess to claims for all perils, natural hazards and for loss or damage to third party property damage.
The premium is calculated at a rate applied to the sum insured, i.e. contract value . The premium is charged for the full period of the contract and the period of commissioning or testing is usually regarded as target risk.
Thus, the rate would be applied differently due to their risk to the property and duration of completion, based on the following:
1) Erection period
2) Testing period
3) Commission period
4) Plant (per annum)
1) Name of proposer and principal
2) Nature of contract
3) Work site
4) Breakdown in value of contract
a) Property to be erected and the value
b) Construction plant and the value
c) Clearance of debris
5) Limit of third party
6) Period of insurance
a) Erection period
b) Testing period
c) Commissioning period
7) The contractor’s experience in the installation
8) The process of works involved.
Minimum premium - RM 250.00
Refer to the Company
Go back to look at another type of insurance, or fill out our Information Request form.
All employers who entrust money, securities, goods, etc., to their employee, will suffer financial loss in the event of an employee committing a fraudulent or dishonest act (i.e. larceny, embezzlement, fraudulent conversion of money and /or stock and forgery). Employers can protect themselves against such losses by taking out a Fidelity Guarantee Policy on the employee (s) who are entrusted with money, securities, goods etc.
The company will make good to the employer all such direct and pecuniary loss as the employer shall sustain by any act of fraud or dishonesty committed by the named employee:
during the period of indemnity
during the uninterrupted continuance of Employment of the employee in connection with the occupation and duties of the employee.
1) any act committed by the Employee which is not discovered within 6
months after the period of indemnity, or within 6 months of the death, dismissal or
retirement of the Employee (which ever happens first)
2) if there is any change in the business of the Employer, or if the duties or conditions
of employment be changed, or if the Employee remuneration be reduced, or if the system of
check be altered.
Go back to look at another type of insurance, or fill out our Information Request form.
This insurance is a tariff class of business with rates, commissions, policy wordings and extension endorsements controlled by PIAM. Effective date of revised fire tariff: April 1, 1992
Examples of property which may be covered
1) Building
2) Machinery, equipment & utensils
3) Business, furniture fixtures and fittings
4) Household goods and personal effects
5) Stock-in-trade
6) Rent
7) Removal of debris
8) Architect’s, surveyor’s & consulting engineer’s fees
9) Others
The basic policy provides cover to the insured in the event of loss or damage to the insured property caused by:
1) Fire
2) Lightning
3) Explosion of gas used for domestic purposes
1) Perils as outlined above. (Unless policy is extended and an additional premium paid).
2) Loss by theft during or after occurrence of a fire.
3) War & civil commotion
4) Radioactive contamination.
5) Arson by the insured.
6) Collapse of buildings
7) Where the building insured and/or containing the property insured becomes unoccupied and remains so for a period of more than 30 days.
8) Loss occasioned by self-destruction, natural heating, subterranean fire on the burning of property by order of any public authority.
9) Precious stones, artworks, plans, drawings, explosives and the like
Go back to look at another type of insurance, or fill out our Information Request form.
All golfers run the risk of injuring members of the public whilst playing or practising golf. An act of negligence may result in a substantial claim against the golf player and this gives rise to the need for such insurance.
The Golfer's policy has the following benefits:
1) Third Party Legal Liability
Accidental bodily injury to third parties or accidental damage to property caused whilst playing golf on any recognised golf course and for which you are legally liable.
Limit of indemnity RM 100,000
2) Personal Accident
For your death or injury sustained by accidental violent external and visible means on any golf course we pay in the event of,
Death RM 10,000 Loss of two limbs or eyes or Loss of one limb and one eye RM 10,000 Loss of one limb or one eye RM 5,000 Total disablement from engaging in or giving attention to profession or occupation limited to 26 weeks RM50 per week
3. Loss of or damage to golf equipment in the course of playing
Limit of indemnity RM 1,500
4. Loss or damage to personal effects
Loss of or damage to personal effects (excluding watches, jewelry, medals, money) caused by fire or theft whilst in any golf club house or golf professional’s shop.
Limit of indemnity RM 1,500
5. Hole-In-One Expenses
Limit RM 200
An insured who is insane or intoxicated.
Playing or practising on an unrecognised golf course.
A golfer who is aged below 16 and above 65 years old.
Wear and Tear of golf clubs, etc.
Minimum premium - RM75.00
Go back to look at another type of insurance, or fill out our Information Request form.
This policy Indemnifies the insured against loss or damage to goods during transit anywhere, within the territorial limits specified in the policy.
Loss or damage to goods by:
1) Fire
2) Theft
3) Accidental means
whilst being loaded or unloaded from any road vehicle or passenger or goods train or whilst temporarily housed in the ordinary course of transit whether on or off the said conveyance.
1) Delay, loss of market and consequential loss of any kind, deterioration
of goods or losses due to defective packing.
2) Loss or damage caused by weather or atmospheric condition.
3) Confiscation by any public authority
4) Theft or pilferage by an employee
5) Armed robbery or hijacking unless specifically insured.
A policy covering property carried by specified vehicles. This method is used where it is genuinely not possible to estimate the total carryings for the period. Thus, the proposals may be accepted on a flat rate applied against the sum insured, i.e. the limit of liability for any one transit.
A rate is used on the sum insured representing an estimate of the aggregate value of consignments to be despatched during a chosen period (usually 12 months). The policy also contains the company’s limit of liability for any one transit. In this method the claim has the effect of reducing the sum insured and may be reinstated with additional premium payable on pro-rate basis on the sum required for reinstatement.
A policy covering a single transit.
Riot & strike (5%)
Armed robbery and/or hijacking (15%)
Entry into Thailand border (15%)
| Property Insured | Scheme 1 | Scheme 2 | Scheme 3 | |
| 1. | Palm oil/bitumen | Refer to Company | 0.015% | 2.0% |
| 2. | Motor spare parts/accessories | Refer to Company | 0.03% | 3.0% |
| 3. | Electrical goods | Refer to Company | 0.05% | 3.5% |
| 4. | Animal feed/rice products | Refer to Company | 0.025% | 2.5% |
| 5. | General merchandise | Refer to Company | 0.04% | 3.0% |
| 6. | Others | Refer to Company | Refer to Company | Refer to Company |
Excess: 5% of the sum insured on each and every claim:
1) 5 - 10 vehicles (10%)
2) 11 - 15 vehicles (15%)
3) 16 and above (refer to Company)
Note: Policy would be issued strictly based on specified vehicle numbers only
Minimum premium - RM75.00
Go back to look at another type of insurance, or fill out our Information Request form.
This is a unique hospitalisation plan to cover both motorcycle owners and occupants of private cars or vans.
This policy gives you a daily cash benefit whenever you are hospitalised, up to maximum of 150 days per year as a result of an accident in the vehicle mentioned in the policy. A Benevolent Allowance is also payable in the event of an accidental death.
| 1. | Injury | Accidental bodily injury to a covered person whilst travelling as the driver, rider or passenger boarding or alighting from the vehicle as mentioned in the Schedule during the currency of this policy. |
| 2. | Hospital | A legally qualified institution which has 24 hours a day nursing service by registered graduate nurses, one or more physicians available at all time and or organize facilities for diagnosis and major surgery. In no event, however shall such word include any institution or part thereof which is used principally as a place for drug addicts, a place for rest or custodial care, a place for the aged, as a nursing home or as a convalescent home. |
| 3. | Territory | Location within Malaysia, Negara Brunei Darussalam and The Republic of Singapore |
| 4. | Benevolent Allowance | An allowance will be paid to the Insured’s next of kin or legal representative in the event of an accidental death of the covered person involving the vehicle mentioned in the Schedule. |
1. Household members are not excluded.
2. Compensation for death or permanent disablement remains payable when occurring not later than 12 months from the date of accident.
3. Coverage includes injury caused by falling objects and the breakage of any glass in the windscreen or windows of the vehicle.
4. Coverage includes riot, strike and civil commotion.
5. Pregnant women are covered other than for injury caused by childbirth or miscarriage.
6. Payment will be made in addition to any other Hospital Income Plan or Personal Accident Insurance already effected.
7. Payment will be made irrespective of negligence of the driver/rider.
The insurance with respect to the following hazards shall not apply:
1. To injuries and death caused directly or indirectly, wholly or partly:
a) by bacterial infections (except pyogenic infections which shall occur through an accidental cut or wound);
b) by any other kind of diseases;
c) by medical or surgical treatment (except such as may be necessary as a result by injuries covered by this policy and performed within the time provided in the policy);
d) by childbirth or miscarriage
e) while the driver is under the influence of liquor or drugs (unless administered under the orders of a hospital or qualified medical practitioner).
f) while the driver is in a state of insanity
g) while the vehicle is used for illegal business pursuit or as an unlicensed common carrier;
2. to any bodily injury which shall result in hernia
3. to suicide or any attempt thereat (sane or insane)
4. to injuries and death occasioned by war , invasion, act of foreign enemy, hostilities or warlike operations (whether war be declared or not), civil war, rebellion, revolution, military or usurped power, urban guerrilla activities, act of terrorism, martial law, or state of siege.
5. to injuries and death occasioned while the vehicle is used for hire, racing, road rally, pace-making, speed-testing or use for any purpose in connection with motor trade.
6. This insurance does not cover death, injury, illness, charges or expenses of an insured person or provide any indemnity against liability attributable directly or indirectly to HIV (Human Immune-deficiency Virus) and/or HIV related illness including AIDS (Acquired Immune Deficiency Syndrome) and/or any mutant derivatives or variation thereof.
| Individual/Named Rider | Company Owned/All Riders | |||
| Plan | Maximum Liability |
Annual Premium |
Maximum Liability |
Annual Premium |
| A | RM 7,500.00 | RM 30.00 | RM 15,000.00 | RM 60.00 |
| B | RM15,000.00 | RM 50.00 | RM 30,000.00 | RM100.00 |
Notes:
1. These benefits shall be payable for RM50.00 per day per person from the 2nd day of hospital confinement up to a maximum of 150 days per year for each covered person whilst the insurance is in force.
2. This benefit is paid in addition to all other policies subject to 1 day excess.
In the event of an accidental death or dismemberment of the covered person involving the above said motorcycle, the Sum Insured as shown in the Schedule will be paid to the Insured Person, next of kin, or legal representative of the insured person upon receipt of Police Report and Death Certificate.
Plan A and B
| Individual or Named Rider | RM5,000.00 only (for one (1) person only, maximum liability RM5,000.00) | |
| Company owned/All Riders | RM5,000.00 each (for two (2) persons including owner, maximum liability RM10,000.00) | |
| Schedule of Benefits: | Accidental death | 100% |
| Loss of one or both hands | 100% | |
| Loss of one or both sights | 100% | |
| Loss of one or both feet | 100% | |
| Total and Permanent Disablement from engaging in or attending to employment or occupations of any and every kind | 100% |
Loss of hand or foot means complete severance through or above the wrist or ankle joint, and loss of sight means the entire and irrecoverable loss of sight. No payment will be made under more than one of the benefits listed above. The aggregate of all payments in respect of any one accident shall not exceed the sum insured as above for any one person.
Plan A & B - For Motorcycle
1. The Covered Person (s) age shall not be less than 16 years and not more than 65 years of age.
2. Individual Owner or Named Rider - Single Rider
Accidental Coverage is for 24 hours per day whether motorcycling or not. However, hospitalisation is only while riding the particular vehicle mentioned in the policy schedule. If there is a named rider than the registered owner is not covered.
3. Individual Owner and All Riders
Individual/named rider is covered as above. All other riders are covered only whilst riding the motorcycle mentioned in the Schedule. The owner can opt for an all riders policy even if he is above 65 years old, however the owner will not be covered.
4. Company owned.
Covered persons shall be the authorised riders of the company and the benefits are only applicable whilst riding the motorcycle mentioned in the policy.
5. Pillion rider is not covered unless he/she is the registered owner of the motorcycle and is covered under the policy.
Plan A and B
| Individual or Named Rider | RM5,000.00 only (for one (1) person only, maximum liability RM5,000.00) | |
| Company owned/All Riders | RM5,000.00 each (for two (2) persons including owner, maximum liability RM10,000.00) | |
| Schedule of Benefits: | Accidental death | 100% |
| Loss of one or both hands | 100% | |
| Loss of one or both sights | 100% | |
| Loss of one or both feet | 100% | |
| Total and Permanent Disablement from engaging in or attending to employment or occupations of any and every kind | 100% |
Loss of hand or foot means complete severance through or above the wrist or ankle joint, and loss of sight means the entire and irrecoverable loss of sight. No payment will be made under more than one of the benefits listed above. The aggregate of all payments in respect of any one accident shall not exceed the sum insured as above for any one person.
Plan A & B - For Motorcycle
1. The Covered Person (s) age shall not be less than 16 years and not more than 65 years of age.
2. Individual Owner or Named Rider - Single Rider
Accidental Coverage is for 24 hours per day whether motor cycling or not. However, hospitalisation is only while riding the particular vehicle mentioned in the policy schedule. If there is a named rider than the registered owner is not covered.
3. Individual Owner and All Riders
Individual/named rider is covered as above. All other riders are covered only whilst riding the motorcycle mentioned in the Schedule. The owner can opt for an all riders policy even if he is above 65 years old, however the owner will not be covered.
4. Company owned.
Covered persons shall be the authorised riders of the company and the benefits are only applicable whilst riding the motorcycle mentioned in the policy.
5. Pillion rider is not covered unless he/she is the registered owner of the motorcycle and is covered under the policy.
Notes:
1. Pays RM100.00 per day per person upon confinement in a licensed hospital.
2. These benefits shall be payable from the 2nd day of hospital confinement up to a maximum of 150 days per year for each covered person whilst the insurance is in force.
3. In the event of an accidental death of the covered person involving the above said vehicle, a benevolent allowance of RM1,000 per person will be paid to the insured’s next of kin or legal representative upon receipt of police Report and Death Certificate.
1. Covered persons shall be the occupants of the motor vehicle as mentioned in the schedule on an unnamed basis, maximum number of occupants covered under:
a) Plan C (Private Car) - Driver + 4 Passengers only
b) Plan D (Private Van) - Driver + 7 Passengers only
2. Persons from the age of 3 to 65 are covered.
3. Passengers aged between 3 to 15 are entitled to only 50% of all benefits provided under
Section I.
4. In the event the actual number of passengers exceed the number allowed in the policy,
the company’s limit of liability per person will be to the number stated as per No. 1
above.
Go back to look at another type of insurance, or fill out our Information Request form.
Homeowners insurance is a tariff class of business with rates, commissions, policy wordings and extension endorsements controlled by PIAM. Effective date of revised fire tariff: April 1, 1992.
Building occupied as private dwellings which also includes flats against a comprehensive range of perils.
Private dwelling house or flat includes:
Domestic offices
Stables
Garages
Outbuildings
Landlord’s fixture and fittings therein
Walls, gates and fences
1. Fire, lightning, thunderbolt, subterranean fire
2. Explosion
3. Aircraft and other aerial devices and/or articles dropped therefrom
4. Impact with any of the buildings by any road vehicles or animals not belonging to or under the control of the Insured or any member of his family.
5. Bursting or overflowing of domestic water tanks, apparatus or pipes excluding:a) in respect of each and every loss the amount stated in the Schedule
b) Destruction or damage occurring while the private dwelling house is left untenanted.6. Theft but only if accompanied by actual forcible and violent breaking into or out of a building or any attempt thereat.
Provided that in the event of the private dwelling being left without an inhabitant therein for more than ninety (90) days whether consecutively or not in any one period of insurance the insurance against this peril shall, unless otherwise agreed by endorsement thereon, be entirely suspended in respect of any period or periods during which the private dwelling may be unoccupied in excess of the aforesaid ninety (90) days.
7. Hurricane, cyclone, typhoon, windstorm subject to the excess clause (refer to policy)
8. Earthquake, volcanic eruption subject to the Excess Clause (refer to policy)
9. Flood but excluding loss or damage caused by subsidence or landslip; subject to the excess clause (refer to policy).
| Section I: | Loss or damage to the buildings |
| Section IIIA: | Loss of rent - not exceeding 10% of total sum insured on building (e.g. expenses incurred for alternative accommodation if dwelling made uninhabitable by insured peril) |
| Section IIIB: | Public liability in respect of legal liability as owner of the private dwelling up to RM50,000.00 |
1) War and kindred risks
2) Consequential loss or damage of any kind
3) Loss or damage by confiscation, commandeering, destruction of property by order of
Government.
4) Liability for injury or damage arising out of or incidental to the Insured Business or
Profession.
5) Loss or damage by hurricance, cyclone, typhoon, windstorm to metal smoke stacks,
awnings, blinds, signs and other outdoor fixtures or fittings including gates and fences.
6) Loss or damage caused by subsidence or landslip except when this is occasioned by
earthquake or volcanic eruption.
7) Unoccupied risks exceeding ninety (90) days.
1) Riot, strike and malicious damage
2) Subsidence and landslip
3) Liability to the public may be included up to a limit of RM250,000.00
4) Plate glass damage
5) Additional Rent up to a limit of 20% of the total sum insured on building and/or
contents.
Should be the market value of the building in the event of its total destruction.
Go back to look at another type of insurance, or fill out our Information Request form.
This policy is specially designed to cover office equipment and household appliances used in offices, shops and homes.
The basic policy provides cover to the insured in the event of loss or damage to the insured property caused by:
1) Fire
2) Lightning
3) Theft
4) Accidental Damage
1) Handheld mobile phone
2) Immovable equipment such as copying machines, typewriters, fax machine, accounting
machine, internal telephone systems, laundrette machines, hair dressing apparatus,
printing machines, televisions, radios, hi-fi equipment, sewing machines, washing
machines, video recorders, pianos, organs, plant and machinery in a manufacturing concern.
1) Wear and tear, gradual deterioration, any process of cleaning,
repairing , restoring and renovating or dismantling.
2) Electrical and mechanical derangement.
3) Scratching, denting, overloading or straining
4) Theft not accompanied by forcible and violent entry.
5) Consequential loss
6) Natural Perils
1) Strike, Riot and Civil Commotion
2) Reinstatement Value Clause
3) Natural Perils
| Property Insured | Rate | Excess | |
| 1) | Handheld mobile phones | 4% | 10% of Total Sum Insured subject to minimum of RM50.00 |
| 2) | Immovable equipment | ||
| a) New to 5 years (under HP) | 1.25% | ||
| b) 6 to 10 years | 1.50% | 3% of the Sum Insured | |
| c) 11 years and above | Refer |
Note: Rate applied should not less than Fire and Perils Rate
Minimum Premium - RM 75.00
Go back to look at another type of insurance, or fill out our Information Request form.
Copyright ©
2001 by Pacific & Orient Berhad
Company Privacy
Statement
Pacific & Orient Insurance Co. Berhad
(No. 12557-W)
11th Floor, Wisma Bumi Raya
No 10, Jalan Raja Laut
50350 Kuala Lumpur, Malaysia
Teleinsurance: 1-800-88-2121
Telephone Number: 03 2698 5033 Fax Number : 03 2693 8145 (General)
Fax: 03 2692 6700 (Marketing) Fax: 03 2693 8490 (Finance) Fax: 03 2694 0936
(Claims)
Email: poi@pacific-orient.com