Protect yourself and your loved ones from life's uncertainties with AIA's life insurance and takaful plans.
Type of Business
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A-Essential Business protects your business and the building where the operation takes place and acts as a financial safety net to help you cope with the impact should something unexpected happen to your business. A comprehensive protection is offered to you with flexibility to customise a plan that suits your business needs at an affordable premium.
Read more about A-Essential Business in Bahasa Malaysia.
This plan protects your business from any loss or damage to the building or content (due to fire and other perils), including breakage of glass or damage to signage and signboard fitted to the insured building within the premises. Besides, you will also receive an additional inconvenience allowance of up to RM 5,000 for any temporary closure or cessation of business operation due to fire or flood (if flood peril is insured). This allowance is complimentary under the Fire coverage.
Your business will be covered against financial loss due to theft, burglary or armed robbery, including loss of money in the premises or while in transit. Your business will also be protected from loss of money due to illegal interception during an authorised online transaction, and any loss of money or goods due to fraudulent act committed by your employees. In addition, you have the option to enhance your protection to cover loss of income and extended operating costs following business interruption as a result of fire and other perils.
This plan protects you against legal liability for third party bodily injury or property damage arising from your business, and your liability at law to pay compensation on bodily injury sustained by your employees in the course of employment.
This plan covers you and your employees against any accidents resulting in death or permanent disablement.
The machineries used in your business will be well protected against any unforeseen and sudden physical loss or damage caused by defects, faulty design, bad workmanship and etc. This plan also provides protection to your office equipments, computers and peripherals against loss or damage by any accidental causes unless such perils are specifically excluded.
If you wish to get the estimated rebuilding cost of your property to estimate the sum insured, you may use the Building Cost Calculator (BCC) on PIAM's website at the following link http://www.piam.org.my/consumer/industry/building-cost-calculator-bcc/ and complete the questionnaires provided. Please inform the Company if you wish to revise the sum insured. Any revision to the sum insured is subject to the Company's approval.
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 the JMB of the Property only.
You can click on the following link and complete the questionaires provided : http://www.piam.org.my/consumer/industry/building-cost-calculator-bcc/. If you are an AIA Life Planner, you may access the link via ALPP.
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.
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.
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