Commercial Insurance

A-Essential Business

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A-Essential Business

A comprehensive, flexible and affordable business protection plan. Offers property and content, financial, liability, accident, and equipment protection.

Coverage Period
1 year, renewable annually


Frequently Asked Questions

The BCC is introduced to address under-insurance of building Fire and House Owner policies so that policyholders would not be inadequately compensated due to changes on their property value.

The BCC is a tool which provides estimated rebuilding cost based on the information provided by the home owners to estimate the sum insured.

The BCC can be applied to property such as residential properties and simple shop houses/offices. However, the BCC is not meant for use by individual unit owner of a non-landed property. For properties such as flat, apartment, service apartment, condominium, the BCC is available for use by Joint Management Body of the Property only.

Click here to access the BCC.

You may contact your AIA Life Planner or simply write in to the Company to revise the sum insured. However, please take note that the BCC only provides estimated figures and it does not guarantee the actual amount that your property would be insured for.

Terms & Conditions

  • This product comes with Fixed Plan and Flexi Plan that provides up to 11 comprehensive coverage. 
  • For Fixed Plan, all sections are mandatory except for (I) Machinery Breakdown, (J) All Risks and (K) Fire Consequential Loss Sections. 
  • For Flexi Plan, all sections are optional except for (A) Fire Section which is a mandatory cover. You are required to select a minimum of 3 sections among Section B to K and to determine the desired sum insured amount. 
  • Duty of Disclosure - You must provide all the facts in your application form and during renewal, fully and faithfully. 
  • Limitation of Cover:
    • Sum Insured - Amount of sum insured is according to the Schedule of Benefits except for Fire (sum insured must represent the Full Value of the property insured), Fire Consequential Loss, and All Risks, and all sections in Flexi Plan.
    • Group Personal Accident - limited to 15 persons only (applicable to Fixed Plan) or limited to the number of persons as specified in the Policy Schedule for a maximum of 30 (applicable to Flexi Plan), aged between 18 to 70 years old. 
    • 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. 
  • If there is a loss or damage, please:
    • Notify us immediately.
    • Submit all supporting documents to us.
    • Co-operate with the loss adjuster appointed by us to assess your claim.
  • For liability claims:
    • Do not discuss compensation or admit any liability and negotiate settlement with the third party or his/her solicitor. 
    • Submit all correspondences received from third party and/or his representative which are unanswered, to us. 
  • Eligibility:
    • This plan is only available for businesses occupied in premise of Class 1A construction.


  • Exclusions to Section A & K - Fire & Fire Consequential Loss
  • Theft during or after the occurrence of Fire; 
  • Own fermentation, natural heating or spontaneous combustion (otherwise if insured); 
  • Burning property by way of public authority; 
  • Earthquake, volcanic eruption, typhoon, hurricane, flood; 
  • Ionizing radiations or contamination by radioactivity from any nuclear fuel or nuclear waste; 
  • War invasion, act of foreign enemy, hostilities or war-like operations; 
  • Act of terrorism. 
  • General Exclusions applicable to Section B to J (Burglary, Money, Public Liability, Plate Glass, Signage and Signboard, Employer's Liability, Group Personal Accident, Fidelity Guarantee, Machinery Breakdown, and All Risks)
  • Loss or damage resulting or arising from any consequential loss; 
  • Ionizing radiations or contamination of radioactivity from any nuclear fuel or nuclear waste;
  • War invasion, act of foreign enemy, hostilities, or war-like operations; 
  • Act of terrorism.

Member of PIDM

The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact AIA or PIDM.

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