This plan protects the building your business operates from if there is a fire, explosion, damages caused by burst water pipes, malicious acts and other unexpected events.
COVERAGE FOR DAMAGES CAUSED BY THEFT
Your business will be covered if a theft or forced entry into/exit from the building causes loss or damage to items such as equipment, furniture and stock kept within the property.
Your business will be covered if a theft or burglary attempt causes financial loss or damage to the building. This includes money stolen from a safe, strongroom, cash register or while in the midst of being brought into or out of the property.
This covers you and your employees if an accident within the building results in death or injury. You may receive an additional payout of RM10,000 if a robbery in the building causes the death of an employee or forces any one of them to lose a limb or lose use of their limbs.
Like what you've read? This is purely a product summary. If you want more information about this product, please refer to our Product Disclosure Sheet or speak to an AIA Life Planner.
Duty of Disclosure - You must give all the facts in your application form and during renewal, fully and faithfully.
Limitation of Cover : Acceptance of type of risk trade/occupational class is as shown in the brochure. Sum Insured - Amount of sum insured is according to the Table of Benefits provided except for Fire must not exceed RM2,000,000. Group Personal Accident - limited to 5 employees only, age between 18 to 65 years.
Underinsurance - You must ensure that the sum insured is adequate, otherwise, average condition will apply for under insurance at the time of loss. You will deem to be self-insuring for the difference.
Excess - is the amount of loss that you have to bear in the event of a claim.
Making a claim: You must notify the Company immediately; For fire claim, you must notify the fire brigade immediately; You must make a policy report for theft, liability, and money claim; For liability claim: a) You must not discuss compensation or issue of liability if a third party and/or representative make an approach for settlement, without the consent of Company. b) You must submit all correspondence received from third party and/or his representative or the claimant or his solicitor unanswered to the Company. You must submit your claim with all supporting documents to the Company; You should cooperate fully with the adjuster/investigators appointed by the Company to asess your claim; For Personal Accident claim: Death certificate, police report and post mortem report (if required), for death claim and other injury claim, you must submit the medical report & medical bills to support your claim.
What's required for your application to be approved
This plan is available to individuals aged between 18 years old and 70 years old.
Things that you won't be able to claim from this policy
Exclusions to Fire:
Theft during or after occurrence of fire;
Own fermentation, natural heating or spontaneous combustion;