Complete Protection and Education Plan

Secure your child’s future with a complete protection and education plan.

As a parent, you know that your children deserve the very best. You want to give your children a head start in life by giving them the best protection and securing their education future. Finding this balance between protection and education, however, can be challenging, especially with the unpredictable nature of life and the rising costs of higher education.

Now we can offers, the first-of-its-kind-plan that offers coverage during the crucial pregnancy and infancy periods, compared to most conventional child plans that leave the child without any protection during the early stages of infancy. Additionally, certain congenital abnormalities may not be covered under regular juvenile plans. With our plan, parents can now be rest assured that their baby will be well protected, even before he or she is born!

How then, do you safeguard your child’s education future? With our plan, you can take charge and guarantee* your child’s education fund as early as possible. You may also reap potentially higher returns over the long term by investing in any of the investment link education funds.

This is an innovative plan that combines investment, protection and flexible features.

Take your time to focus on what is truly important – your child!!

*With attachment of extra saving to the plan.

Below is a link to Malaysian Education cost of studying.
http://www.mohe.gov.my/educationmsia/education.php?article=study

Enquiry:-http://www.dennyinsurecom.com/form.htm

The Multiple Crisis cover

You want the best for you and your love ones. That means planning for the future. It also means planning for the unexpected.

Critical illnesses occur much frequently than we realize but fortunately, it is not always a terminal situation. In fact, due to advances in medical science, the survival rate for critical illnesses is rapidly improving and it improves even more if critical illnesses such as heart disease or cancer are treated at an early stage.

Yet the treatment for some illness may involve long periods of rehabilitation, not to mention the possible economic loss and financial burden arising from escalating medical expenses that can often be as debilitating as the illness itself.

So, does existing insurance give you and your loved ones sufficient protection against critical illnesses, especially if it happens again?

Recognizing the need for enhanced protection and peace of mind, we now introduce to you MULTIPLE CRISIS COVER, a unique plan that provides you with multiple critical illness and cancer claims, together with protection against death and disability.

Let us be there to support you all the way

Multiple Crisis cover gives you peace of mind by providing:-

>Critical illnesses claims up to 3 times

>Coverage for 2 instance of cancer

>WAIVE of PREMIUMS upon diagnosis of critical illness

>COMPREHENSIVE coverage for death, disability and critical illnesses.

Enquiry:-http://www.dennyinsurecom.com/form.htm

The Crisis

Most of us are totally unprepared for the financial trauma arising from a critical illness, especially when it strikes with little or no warning.

Should you, as a breadwinner, be stricken by a critical illness, your earnings are likely to cease or at best diminish. Few families are able to sustain any interruption of income for a long time.

Your financial commitments will still continue
…….the mortgage
…….the cost of your medical treatment
…….your children’s education

All these and more will cause stress, anxiety and upset at time when you are least able to cope.

You may own a life insurance policy but you cannot make a claim at all because you are still alive.

Life insurance, by itself, simply no longer provides the scope of protection that many people need.

Dread Disease Policy

Dread Disease policy is a level term which provides cover for death, total and permanent disability and diagnosis of a critical illness.

Sum assured of Dread Disease Policy is paid in the event of total or permanent disability before age 60, death or diagnosis of a critical illness during its term.

Dread Disease Policy is usually used to enhance protection and provide cover for a critical illness.

Dread Disease Policy also available to children below age 16.

Dread Disease Policy can be purchased for various terms but subject to maximum expiry age 70.

Travel Assist or Traveling Insurance

Travel Assist provides compensation for people traveling abroad from unexpected events like accidents, delayed flights, cancelled your trip due to covered reasons such as hospitalization, lost of travel documents and emergency medical treatment whilst you are on your trip. You will have immediate access to 24-hour worldwide assistance in case of an emergency situation when you are abroad.

The short term coverage is for domestic and overseas leisure travel.
Annual multi-trips coverage is available depending on the plan selected

Please note that:
i) the travel cancellation benefit does not apply if the policy is purchased within

24 hours from the date of departure;

(ii) the travel delay benefit does not apply if the policy is purchased after the
departure time for your flight has been rescheduled; and

(iii) the policy can only be purchased while you are in Malaysia.

10 Reasons why you need a Travel Insurance
There are hundreds of circumstances that could cause you to cancel your trip, return home early or force you to seek emergency medical treatment while traveling.

To demonstrate the importance of purchasing travel insurance, and emergency travel services, here are 10 common examples of what could go wrong.

1.You and your immediate family arrive at the airport waiting to board your flight scheduled at 10am, only to find that your flight has been delayed to 4pm. Who will pay for your inconvenience?

2.Your bag was lost with your prescription medication inside. You need help to locate your bag as soon as possible and have your emergency prescription filled. Who do you call?

3.On your first visit to Europe, your passport and wallet are stolen. Who do you turn to for assistance to locate the Malaysian Embassy to replace your passport?

4.You're involved in an accident and adequate medical treatment is not available. Who will help arrange and pay for a medical evacuation?

5.If your mother-in-law becomes seriously ill and you must cancel your trip, what happens to your non-refundable deposits or pre-payments?

6.You arrive in China and your luggage doesn't. If it's lost, who will assist to locate your luggage? If it's delayed, who will pay for your inconveniences? If it's stolen, who will pay for the replacement?

7.You're walking down a street in Paris and twist your ankle. Who can help you find an English-speaking physician?

8.2 days after your arrival in Australia, your son in Malaysia is diagnosed with high fever and hospitalized for 2 consecutive days and it requires your attention. Who will pay if you want to return to Malaysia?

9.You are hospitalized due to an accident in Bangkok and no one at your bedside is there to take care of you. Who will help arrange an immediate family member to visit you?

10.Your hospital expenses are up to RM 300,000 due to an accident in China. Who can help guarantee your hospital bill?

With Travel Assist, we will provide you 24 hours worldwide assistance to solve your problems.

Group Hospitalisation & Surgical Coverage

We provides a tailor-made comprehensive health plan for any company/organisation who ensures that their employees are sufficiently protected. In certain instances, the Company may extend coverage to the employee's family for the benefit of the employees' welfare.

Policy Exclusions
1) Pre-Existing Illness shall mean :-

Disabilities that existed before the Effective date of Insurance that the Insured Person has reasonable knowledge of. An Insured Person may be considered to have reasonable knowledge of a pre-existing condition where the condition is one for which :-

a) the Insured Person had received or is receiving treatment;
b) medical advice, diagnosis, care or treatment has been recommended;
c) clear and distinct symptoms are or were evident; or
d) its existence would have been apparent to a reasonable person in the circumstances.

2) SPECIFIED ILLNESSES shall mean the following disabilities and its related complications occurring within the first 120 days of Insurance of the Insured Person :-

i) Hypertension, diabetes mellitus and Cardiovascular Disease
ii) All tumours, cancers, cysts, nodules, polyps, stones of any kind
iii) All ear, nose (including sinuses) and throat conditions
iv) Hernias, haemorrhoids, fistulae, hydrocele, varicocele
v) Endometriosis including disease of the female Reproduction System
vi) Vertebro-spinal disorders (including disc) and knee conditions

WAITING PERIOD
Eligibility for benefits starts 30 days after the Insured has been included in the Policy, except for a covered Accident occurring after the effective date of coverage.

Exclusions
This Policy shall not cover: -
1. Pre-existing illness.

2. Specified Illnesses occurring during the first 120 days of continuous cover.

3. Any medical or physical conditions arising within the first 30 days of the Insured Person’s cover or date reinstatement whichever is latest except for accidental injuries.

4. Care/treatment for which payment is not required or to the extent which is payable by any other insurance/indemnity covering the Insured and disabilities arising out of duties of employment or profession that is covered under a Workman’s Compensation Ins Contract.

5. Plastic/Cosmetic surgery, circumcision, eye examination, glasses and refraction or surgical correction of nearsightedness (Radial Keratotomy or Lasik) and the use or acquisition of external prosthetic appliances or devices such as artificial limbs, hearing aids, implanted pacemakers and prescription thereof.

6. Dental conditions including dental treatment or oral surgery except as necessitated by Accidental Injuries to sound natural teeth occurring wholly during the Period of Insurance.

7. Private nursing, rest cures or sanitaria care, illegal drugs, intoxication, sterilization, venereal disease and its sequelae, AIDS or ARC and HIV related diseases, any communicable diseases required quarantine by law.

8. Any treatment or surgical operation for congenital abnormalities / deformities including hereditary conditions.

9. Pregnancy, child birth (including surgical delivery), miscarriage, abortion and prenatal or postnatal care and surgical, mechanical or chemical contraceptive methods of birth control or treatment pertaining to infertility. Erectile dysfunction and tests or treatment related to impotence or sterilization.

10. Psychotic , mental and nervous disorders (including any neuroses and their physiological or psychosomatic manifestations).

11. Hospitalization primarily for investigatory purposes, diagnosis, x-ray examination, general physical or medical examinations not incidental to treatment or diagnosis of a Covered Disability or any treatment which is not Medically Necessary and any preventive treatments, preventive medicines or examinations carried out by a Physician, and treatments specifically for weight reduction or gain.

12. Costs/expenses of services of a non-medical nature such as television, telephones, telex services, radios or similar facilities, admission kit/pack and other ineligible non-medical items.

13. Sickness or injury arising from racing of any kind (except foot racing), hazardous sports such as but not limited to skydiving, water-skiing, underwater activities requiring breathing apparatus, winter sports, professional sports and illegal activities.

14. Suicide, attempted suicide or intentionally self-inflicted injury while sane or insane.

15. Private flying other than as a fare-paying passenger in any commercial scheduled airlines licensed to carry passengers over established routes.

16. War or act of war, declared or undeclared, criminal or terrorist activities, active duty in any armed forces, direct participation in strikes, riots and civil commotion or insurrection.

17. Ionising radiation or contamination by radioactivity from any nuclear fuel or nuclear waste from process of nuclear fussion or from any nuclear weapons material.

18. Expenses incurred for donation of any body organ by an Insured Person and costs of acquisition of the organ including all costs incurred by the donor during organ transplant and its complications.

19. Expenses incurred for sex changes.

20. Investigation and treatment of sleep and snoring disorders, and hormone replacement therapy and alternative therapy such as treatment, medical service or supplies, including but not limited to chiropractic services, acupuncture, acupressure, reflexology, bonesetting, herbalist treatment, massage or aroma therapy or other alternative treatment.

Claim Notification
http://www.bgi.com.my/pop_health_insurance_claimsform.htm

Claims Procedures

Notification of Loss

In the event of claims, you are to give notification in writing within 30 days of a Disability and to provide the policy number and the name of the insured/claimant.

Documentation to be provided to expedite the claim process:-
1. Claim Form

2. Original bills and receipts

3. Medical report

4. Any other relevant documents

Employer's Liability

Employers may purchase this insurance which indemnify them against their legal liability at law to pay compensation and claimant's costs and expenses in respect of bodily injury by accident or disease sustained by the insured employees in the course of employment with them. The coverage also includes all costs and expenses incurred with the consent of the Company. Employees to be covered include local employees who are not eligible for contribution to the SOCSO scheme.

Workmen's Compensation Insurance

Employers may purchase this insurance to cover all their workers falling within the definition of "workman" in the Workmen's Compensation Act 1952 against personal injury by accident or disease arising out of and in the course of their employment with them. In addition, this policy also indemnify the Employers being sued by their workers for negligence.
Note:
a) "Workman" is defined as any person who has, either before or after the commencement of this Act, entered into or works under a contract of service or of apprenticeship with the employer, whether by way of manual labour or otherwise, whether the contract is expressed or implied or is oral or in writing, whether the remuneration is calculated by time or by work done and whether by the day, week, month or any longer period.

b) It is mandatory under Section 26(2) of the Workmen's Compensation Act 1952 that employers must insure all their foreign workers under the approved insurance scheme known as "Foreign Workers Compensation Scheme".

Professional Indemnity Insurance

This insurance provides indemnity to professionals e.g. engineer, lawyer, surveyor etc. for bodily injury and material damage arising from a negligent act, negligent error or negligent omission committed, or omitted or alleged to have been committed or omitted (as the case may be) by the Insured in the ordinary course of the performance of their professional services.

Product Liability Insurance

This insurance is designed to cover the legal liability of the Insured against bodily injury and property damage to users of the insured products arising out of anything harmful or defective in the insured products (or the container thereof) which are sold or supplied by the Insured. The coverage includes expenses of litigation recoverable by claimant against the Insured or incurred with the consent of the Company.

Glass Insurance

This insurance covers accidental breakage of glass in the insured premises.

Note:

a) Sum Insured can be arranged on First Loss basis, if required

Fidelity Guarantee Insurance

The Company will reimburse the Employer for all direct pecuniary loss sustained by the Insured arising out of any act of fraud or dishonesty committed by the employees as insured under the policy:

a) during the Period of Insurance;
b) during the uninterrupted continuance of employment of such employee;
c) in connection with the occupation and duties of such employee and
d) discovered during the aforesaid Period of Insurance or within 6 months thereafter or within 6 months after the death, dismissal or retirement of such employee whichever shall happen first.

Burglary Insurance

This insurance is designed to cover loss or damage to property contained in the trade premises against theft consequent upon actual forcible and violent entry upon the insured premises or committed by any person or persons (other than employees) feloniously concealed thereon.The policy also cover damage to the insured property or to the premises falling to be borne by the Insured due to such theft or any attempt thereat.

Note:
a) The insured premises shall not include any yard, garden, outbuilding or other appurtenances unless specifically stated in the schedule.

b) Sum Insured can be arranged on First Loss basis, if required.

Money Insurance

This insurance is designed to cover business establishments against loss of money whilst kept within the insured premises and/or in transit.

The policy may be extended to cover unnamed employees of the Insured against death and permanent disablement caused by assailant in an attempt to rob whilst carrying the money on behalf of the Insured.

Money means coin bank and currency notes cheques money orders postal orders current unused stamps revenue stamps and bills of exchange all belonging to the Insured or for which the Insured has accepted liability.

Equipment Insurance

This insurance is specially designed to cover against loss or damage to mobile equipment such as excavator, tractor etc. used beyond the Insured's premises e.g. at contract sites. Provided always that the said equipment is not licensed for road use and for which a certificate of Motor Insurance is not required.

The standard policy covers the insured equipment and its standard accessories and parts whilst thereon by -

a) accidental collision or overturning or collision or overturning consequent upon mechanical breakdown or consequent upon wear and tear;
b) fire external explosion self-ignition or lightning;
c) burglary housebreaking or theft.

In addition, if the equipment is disabled by reason of loss or damage insured under the policy, the Company will bear the cost of not exceeding RM500.00 reasonably incurred for its protection and removed to the nearest repairers and for its delivery within the country where the loss or damage was sustained

All Risks Insurance

This is a comprehensive insurance protection for your office equipment, plant and machinery including portable items such as cameras, laptops against the risk of fire, theft or any other accident or misfortune subject to the terms, exceptions and conditions of the policy.

Commercial Motor Insurance

Motor Insurance is a contract purchased by the owner of a vehicle from an authorised insurer to protect the policyholder (owner of the vehicle) against loss or damage to his vehicle and or against loss or damage which the policyholder might cause to another person's vehicle or property and or death or bodily injury to a third party.

Vehicle Classification

Commercial Vehicle - Goods Carrying Vehicle ('C' permit)

• Use in connection with the Policyholder's business.
• Use for the carriage of passengers (other than for hire or reward) in connection with the Policyholder's business.
• Use for social domestic and pleasure purposes.

Does not covered:-
• Use for hire or reward.
• Use for racing pace-making reliability trial or speed testing.
• Use whilst drawing a trailer except the towing of any one disabled mechanically propelled vehicle.

Type of Covers

• Comprehensive
The cover offers protection against financial loss because it covers fire, theft and accidental damage to the Insured's vehicle in addition to the protection against the legal liabilities to third party for death and bodily injury and damage to property that may arise through the negligence of the driver.

• Third Party
The cover offers protection against financial loss as a result of damage the driver of the vehicle may cause to the property of a third party. It also provides protection against any claims that may arise because of the death of or injury to another person through the negligence of the driver.

Goods In Transit Insurance

This insurance provides coverage for goods being transported over land only from one place to another. The scope of coverage is restricted to Fire, Theft or Accidental Means and subject to Express Exclusions of the Policy.

Cover commences from the time goods leave the place of warehouse continues during the ordinary course of transit and terminates upon delivery at destination. Temporary storage during ordinary course of transit and the process of loading and unloading are also covered.

Notes on Policy arrangement

There are three methods of issuing a Good In Transit Policy :

1. A voyage policy may be issued for a single transit. Premium is charged for the insured transit and cover terminates upon delivery at destination.

2. A time policy may be issued specifying the limit anyone transit/conveyance. Provisional premium is charged at inception based on rate applied to total estimated carryings. This provisional premium will be adjusted at end of period of insurance at rate on actual total carryings as declared by Insured. The Insurers maximum liability would be the actual loss or specified limit anyone carrying on the policy.

3. A policy may be issued based on Limit of Liability representing the total/aggregate value of transits during the period of insurance. After a claim, the Limit of Liability is diminished by the amount of claim made until the total Limit of Liability is exhausted.. The Insured may choose to include a reinstatement of loss clause to maintain for the full Limit of Liability after a loss. The Insured shall be liable to pay an additional premium at the rate of the policy calculated on the amount of loss on a pro-rata basis from the date of such loss to the expiry of the current period of insurance.

Major Policy Exclusions

1. War risks and Nuclear risks

2. Wear, tear and depreciation

3. Temporarily housed in the course of transit for the purpose of storage making up packing or processing .

4. Specific Goods as listed in the policy.

5. Dishonest act, theft or pilferage by any employee of the Insured.

Marine Cargo Insurance

This insurance covers the risks of loss, damage, expenses and liability to goods insured during transportation from one place to another, anywhere in the world. Coverage is usually effected on a "per voyage" basis i.e. from the time the goods leave the premises of the seller till the time they finally arrive at the buyer's premises. There is no period specified in the policy. Coverage can either be effected by the buyer or the seller depending on the Contract of Sales.

The process of transportation includes air freight, ocean freight and overland carriage. The marine cargo insurance is to indemnify the cargo owner and or the financiers such as banks against financial loss arising as a result of physical loss, damage, expenses incurred or liability from the transportation process.

Loss can arise from the perils of the sea such as rough weather, sinking, stranding and collision of the ocean vessel and from fire explosion. Loss can also arise from mishandling, theft, pilferage, non-delivery at the ports or as a result of overturning, collision of and or theft from overland transports.

The insurance policy form and coverage are based on the internationally accepted London wordings. For general cargo by sea, three sets of clauses are available known as the Institute Cargo Clauses 'A' 'B' and 'C', descending in scope of cover and a brief summary is below:-

http://www.bgi.com.my/marine.htm

Group Personal Accident Insurance

Group Personal Accident cover a group of persons in one policy e.g. employer on the lives of employees. Our policy provides payment of benefits for bodily injury caused directly and solely by accidental means.

It offers protection 24 hours a day, 365 days a year and anywhere in the world. Coverage is extended whether the employee at work, at home or on holiday.

The Benefits of our Policy

• Benefit A/B - Accidental Death and Permanent Disablement (PD) occurring within 12 months from the date of injury.
http://www.bgi.com.my/pop_PD_scale.htm

• Benefit C1/C2 - Weekly benefits for temporary total disablement and temporary partial disablement.

• Benefit D - Medical Expenses

• Benefit E - Weekly Hospital Income

General Exclusions
This policy does not cover

• Any person below 16 years and above 60 years of age at the date of effecting the policy.

• War risks

• Existing physical or mental defect

• Suicide or self injury

• Pregnancy or child-birth

• Hernia, HIV bacterial or viral infections, any disease or sickness

• Participation in a criminal act

• Professional sports

• Racing or any kind (other than on foot), caving, parachuting, hang gliding, hunting, mountaineering requiring ropes or guides, water-ski jumping, underwater activities involving the use of breathing apparatus.

*This is a summary only. Please refer to the Insurance Policy for complete detai

Loss of Profit following Machinery Breakdown Insurance

Damage to machinery will cause interference to the production. In cases where critical machineries are affected, the factory can suffer severe stoppages. This will result in loss of earnings whilst standing charges continue to be incurred. This form of insurance provides cover against loss of gross profit following indemnifiable damage to machinery. In the majority of cases, the loss of gross profit out of damage to machinery far exceeds the cost of repair or replacement.

Cover

The policy covers loss of Gross Profit following an indemnifiable accident (the cover usually follows that of the machinery breakdown policy) and is measured on the reduction in turnover compared to the same period in the last twelve months and applying the Rate of Gross Profit. Cover also extends to include Additional Expenditure reasonably incurred to minimise the loss of Gross Profit. The costs of non productive wages can be included either as treating them as a standing charge, or taking out more specific covers such as Dual Wages. Professional accountants' charges to produce certified details for the Insured's presentation of a claim can be included.

Major Exclusions

a. Loss or damage due to fire and extraneous perils.

b. Loss or damage due to the imposition of abnormal conditions directly or indirectly from testing, intentional overloading or experiments.

c. Loss or damage for which a supplier, contractor or repairer is responsible either by law or under contract.

d. Loss or damage caused by any faults or defects existing at the time of commencement of this policy with in the knowledge of the Insured or his representatives, whether such faults or defects were known to the Insurers or not.

e. War and kindred risks

f. Wear and tear

g. Others

Machinery Breakdown Insurance

All plants and machineries are susceptible to breakdowns or extraneous damages regardless of the care taken during operation or the standard of maintenance. Breakdown or extraneous damage can result from defective material or design of machinery, bad workmanship, carelessness, short circuit or other fortuitous causes. These damages are costly to repair and in exceptional cases, a major breakdown may result in a total loss. For some high technology or heavy machinery of high value, the potential loss can amount to millions of ringgit.

Cover

This form of cover protects against unforeseen and sudden physical loss or damage to machineries from cause such as defects in casting and materials, faulty design, faults at workshop or in erection, bad workmanship, lack of skill, carelessness, shortage of water in boiler, physical explosion, tearing apart on account of centrifugal force, short circuit or from any other cause not specifically excluded from the policy. The cover is operative whilst the machineries are working, or at rest, or being dismantled for cleaning or overhauling. Machineries will only be insured after successful completion of their performance acceptance test.

Machineries Commonly Insured under Machinery Insurance
This form of cover is suitable for machinery that have moving parts or which stores or transmits large amount of energy. The following are examples of such machineries:- working.

1. Boilers, heat exchangers, condensers

2. Pumps and compressors

3. AC and DC motors

4. Diesel and petrol engines

5. Steam and gas turbines

6. Alternators, motor generators

7. Switchgears, transformers, capacitors

8. Overhead cranes, lifts, escalators

9. Process equipment such as paper mill, plastic extruder, cement mil, screw press, agitated tank, etc

Major Exclusions

a. Damage due to fire and extraneous perils. These perils are more appropriately covered under Fire policy.

b. Damage to exchangeable tools, machinery parts which suffer a high rate of wear and tear or damage as a direct consequence of the continual influence of operation. These losses are in the nature of trade risks and maintenance cost, associated with the proper operation and care of machineries and should be borne by the Insured.

c. Loss or damage for which a supplier, contractor or repairer is responsible either by law or under contract.

d. Consequential loss or liability of any kind

e. War and kindred risks

f. Others

Electronic Equipment Insurance

This class of insurance is specially designed to cover the computer systems and is divided into 3 main sections namely Section I (Material Damage), Section II (External Data Media) and Section III (Increased Cost of Working).

Cover

• Section I (Material Damage)
The Insurer will indemnify the Insured against any unforeseen and sudden physical loss or damage to the interest insured from any cause, other than those specifically excluded from the policy.

• Section II (External Data Media)
The Insurer will indemnify the Insured if the external data media entered in the Schedule inclusive of information stored thereon shall suffer any material damage covered by Section I, the cost of restoring the Insured external data media by replacing lost or damaged data media by new material and reproducing lost information.
Subject to special exclusions to Section II.

• Section III (Increased Cost of Working)
The Insurer will indemnify the Insured for any additional expenditure incurred for the use of substitute EDP equipment not covered under this policy up to an amount not exceeding the agreed sum insured entered in the Schedule provided cause of damage/lost is indemnifiable by Section I of the policy.

Interest Insured

• Section I: On all computer systems

• Section II: External data media

• Section III: Increased cost of working

Major Exclusions

a. Wilful act or wilful negligence of the Insured or his representatives

b. War and kindred risks

c. Wear and tear

d. Loss or damage for which the manufacturer or supplier is responsible either by law or under contract

e. Others

Contractor's All Risk Insurance

Buildings, Plant and Machinery have to be erected/installed before commercial production could take place. During the construction/installation period, insurance protection is needed until the buildings/ plant and machinery are finally handed over to the Principal by the contractor.

Insured

The Principal/ Main Contractors/ Sub-contractors f.t.r.r.& i.

Cover

• Section I - Material Damage

This section of the insurance covers the contract works (Buildings, Plant and Machinery) of the Insured against any unforeseen and sudden physical loss or damage from any cause e.g. fire, lightning, collapse, collision, impact, malicious damage, theft/ burglary, flood, windstorm and most form of accidental damage unless specifically excluded.

• Section II - Third Party Liability
This section of the insurance covers the liability of the Insured against any liability in respect of third party bodily injury or property damage arising out and in the course of the construction works.

In case of plant and machinery, the policy can be extended to cover testing and expires after the first test operation or test loading is completed, or after taking over or expiry date of the policy whichever shall be earlier

Duration Of Cover

The cover commences directly upon commencement of work or after the unloading of the property insured at the contract site and expires for parts of the insured contract works taken over or put into service or expiry date of the policy whichever shall be earlier

Major Exclusion (Section I & II)

a. The deductible stated in the Schedule to be borne by the Insured in any one occurrence

b. Consequential loss of any king or description whatsoever including penalties, losses due to delay, lack of performance, loss of contract

c. Loss or damage due to faulty design

d. The cost of replacement, repair or rectification of defective material and/or workmanship, but this exclusion shall be limited to the items immediately affected and shall not be deemed to excluded loss of road damage to correctly executed items resulting from an accident due to such defective material and/or workmanship

e. Wear and tear, corrosion, oxidation, deterioration due to lack of use and normal atmospheric conditions

f. Mechanical and/or electrical breakdown or derangement of construction plant, equipment and construction machinery

g. Loss of or damage to vehicles licensed for general road use or water borne vessels or aircraft

h. Loss of or damage to files, drawings, accounts, bills, currency, stamps, deeds, evidences of debt, notes, securities, cheques

i. Loss or damage discovered only at the time of taking inventory

j. Any accidents caused by vehicles licensed for general road use or by waterborne vessel or aircraft

k. Any agreement by the Insured to pay any sum by way of indemnity or otherwise unless such liability would have attached also in the absence of such agreement

l. Others

Interest Insured

a. Section I - Material Damage
Contract works which consists of the full value of the contract works (Buildings, Plant & Machinery) at the completion of the construction/ installation. This valuation would include freight, customs dues and construction costs. It is common practice for the principal to supply the contractor with material on "free issue" to be built into the contract works. The value of such materials would not be reflected in the contract price and so the sum insured should be appropriately increased.

b. Section II - Third Party Liability
Liability to third party bodily injury or property damage claim.

Special Points

a. Constructional plant and equipment such as site offices, site power generating equipment, scaffolding, air compressors, welding equipment, concrete silos and mixers may be included, in a separate sum insured representing the new replacement value of such equipment.

b. Construction Machinery. Defined as all "plant and machinery" which renders its service only when moving and under control of an operator e.g. cranes, bulldozers, excavators, graders, loaders, pile driving & pile extracting units, trucks/lorries, site railways, concrete pumping plant. When on site, construction machinery may be insured under the policy. In such cases a complete list of these items showing the new replacement values is to be appended to the policy.

c. Debris clearance. The cost of debris removal following an accident is part of the claim under the policy to the extent that it is necessary before repairs may be put in hand. General debris removal costs for site clearance may be insured as a separate item under the policy.

d. Expediting. The insurance may be extended for additional premium to cover the extra cost of overtime rates of wages, express delivery, air freight, etc. in connection with repairs or replacements indemnifiable under the policy.

e. Insured's surrounding property. When the insurance includes the interest of the purchaser and involves extensions to or work adjoining existing premises, there is a risk of such premises and their contents being damaged as a result of accidents arising out of the construction operations.

f. Temporary works. Works constructed by the Insured on site to facilitate construction of the permanent contract works including coffer dams, shuttering, temporary diversions of waterways, etc. are exposed to the same hazards as the contract works. These temporary works may also be insured and the sum insured should be suitably increased to include their value.

g. Third Party liability. Where the contract wording stipulates that the insurance is to be for joint interests (principal, contractor and subcontractors) the third party insurance is granted to each party separately. This allows one insured party to take action against another and seek indemnity under the policy. However, persons occupied on the construction site are not covered under the policy against accidents at work if they are or could have been insured under Workmen's Compensation and/or Employer's Liability insurance.

h. Maintenance. Section I of the policy can be extended to cover, to a certain extent, loss of or damage to the construction/erection works occurring during this period.

Information /Details Required For Quotation Purpose

a. Contract Value together with its breakdown details (Buildings, plant & machinery)

b. Period of Insurance

c. Period of Maintenance Cover

d. Name of Main Contractor

e. Third Party Limit of Liability

f. Work Schedule

g. Details surrounding property

h. Location map

h. Tender documents

Industrial All Risk Insurance

A company with total value of risks of at least RM50 million has an alternative to protect its insurance needs with the Industrial All Risks (IAR) Insurance as compared to the traditional Fire Insurance and its related Consequential Loss Insurance

Cover
As the name suggests, IAR policy is an "all risks" form of insurance which cover not only all the "named perils" of Fire Insurance but also extend to cover "accidental damage" which could not be covered under the fire insurance, subject only to specific exclusions of the policy.

Examples of Coverage in the IAR

• Theft of equipment, plant & machinery and all contents including stocks of every description kept at Insured's premises can be covered under the IAR policy instead of a separate Burglary Insurance.
• Equipment of plant & machinery in transit within the premises is covered under the IAR policy.
• Accidental damage to plate glass or any fragile item or to movable equipment e.g. forklift, hoist, crane etc by collision or overturning or impact is covered under the IAR policy (but not the Fire Policy).
• Other accidental damage not specifically excluded from the Policy.

Fire Consequential Loss Insurance

Whilst the material damage Fire Policy provides protection and compensation to an Insured against physical loss or damage to the property, it does not provide any protection against the "after effects" of such loss; namely, the loss or reduction of the ability of the Insured to maintain business at its pre-damage level due to the fact that his buildings and/or machinery have been lost or damaged, thus restricting or possibly halting the operations of the company.

Cover

The Fire Consequential Loss policy covers loss of Gross Profit following an indemnifiable peril (the perils usually follow that of the Fire policy) and is measured on the reduction in turnover compared to the same period in the last twelve months and applying the Rate of Gross Profit. Cover also extends to include Additional Expenditure reasonably incurred to minimise the loss of Gross Profit. The costs of non productive wages can be included either as treating them as a standing charge, or taking out more specific covers such as Dual Wages. Professional accountants' charges to produce certified details for the Insured's presentation of a claim could be included.

Interest Insured
• Gross Profit
• Wages/ Salaries
• Rental
• Auditors' Fees

Indemnity Period
The indemnity period is the maximum period during which the policy is to provide an indemnity following any damage and is selected by the policyholder. It should be sufficient to allow for the premises to be rebuilt and re-equipped and for the premises to be restored fully to normal conditions in every way. The indemnity period of 6 months, 12 months, 18 months, and 24 months or higher can be selected.

Information Required for Quotation
Rate applicable on Fire Consequential Loss follows rate of the Fire Insurance
Sum Insured of interest insured and the indemnity period selected are the major factors affecting premium costs

Fire Insurance

Fire Insurance
In usual circumstances the major part of a commercial company's assets are vested in their buildings, machinery, stocks and the like. Therefore it is imperative that adequate insurance be effected on such assets to protect against the possibility of physical damage to the property in question. The standard coverage in the Fire Insurance covers Fire, Lightning and Explosion of gas used for domestic purposes. Extraneous perils can be arranged as follows:

Extraneous Peril

• Aircraft Damage
• Earthquake and volcanic eruption
• Storm Tempest
• Flood
• Explosion
• Aircraft and other aerial devices and/ or articles dropped therefrom
• Impact Damage (Own & Third Party Vehicles)
• Bursting or overflowing of water tanks, apparatus or pipes
• Electrical Installations
• Riot Strike and Malicious Damage
• Damage by Falling Trees or Branches and Objects Therefrom
• Sprinkler Leakage Damage

Minimum Information Required for Quotation
• Name of Insured
• Nature of Risk Occupation
• Location of Risk
• Construction of Building
• Sum Insured
• Claims History

Golfer Insurance

This is a package insurance specially designed for GOLFERS playing and/or practising on any recognised Golf Course. This insurance covers -
• Liability to Public including costs and expenses of litigation recoverable by claimant against the Insured or incurred with the consent of the Company;
• Death, Permanent Disablement, Medical and Surgical treatment to insured golfer;
• Loss or damage to Golfing Equipment including accidental damage to or breakage of golf clubs during play and/or practice;
• Loss or damage to Personal Effects (excluding watches, jewellery, trinkets, money, securities or stamps) by fire, burglary, housebreaking, larceny or theft;
• Hole-in-one

Householders

This insurance covers Private Dwellings against Fire and other perils as listed hereunder. The Householders policy is designed to cover the Household Contents contained in the Private Dwelling.

Cover
• Fire, lightning, thunderbolt, subterranean fire.
• Explosion
• Aircraft and other aerial devices and/ or articles dropped therefrom.
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.
• Bursting or overflowing of domestic water tanks, apparatus or pipes, excluding:a) in respect of each and every loss the amount stated in the policy schedule
b) destruction or damage occurring while the Private Dwelling House is left untenanted.
• Theft but only if accompanied by actual forcible and violent breaking into or out of a building or any attempt thereat.
• Hurricane, cyclone, typhoon, windstorm.
• Earthquake, volcanic eruption.
• Flood but excluding loss or damage caused by subsidence or landslip

Additional Protection in addition to Perils above

• Rent (Up to 10% of the Total Sum Insured on Contents)
The Company will indemnify the Insured for the undermentioned loss actually incurred by the Insured in consequence of the premises specified in the policy schedule being so damaged as to be rendered uninhabitable but only in respect of the period necessary for reinstatement.
• Liability to the Public (Up to RM50,000 any one accident)
The Company will indemnify the Insured against all sums for which the Insured may be held legally liable as a Private Householder occupying the Private Dwelling House in respect of accidents in respect of accidents in or about the Private Dwelling House, occurring during the Period of Insurance and resulting in:
i) Bodily injury to any person not being a member of the Insured's family or household nor at the time of sustaining such injury engaged in the Insured's service
ii) Damage to property not belonging to or in the charge of or under the control of the Insured or of a member of his family or householder or of a person in his service.

Ratings (Minimum Policy Premium RM60.00)

The rates shown hereunder are Annual Premium rates per cent, applicable to contents in Private Dwelling Houses constructed of brick or concrete walls, roof of tiles or concrete or other non-combustible materials and floors of reinforced concrete (classified as construction class 1A).

Type of Dwelling Rate Illustration of Premium Due for Sum Insured of RM100,000 (in RM)
Detached and non-detached dwelling; 0.398%   398.00

Houseowners Insurance

This insurance covers Private Dwellings against Fire and other perils as listed hereunder. The Houseowners policy is designed to cover the building.

Cover
• Fire, lightning, thunderbolt, subterranean fire
• Explosion
• Aircraft and other aerial devices and/ or articles dropped therefrom
• 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.
• Bursting or overflowing of domestic water tanks, apparatus or pipes, excluding:a) in respect of each and every loss the amount stated in the policy schedule
b) destruction or damage occurring while the Private Dwelling House is left untenanted
• Theft but only if accompanied by actual forcible and violent breaking into or out of a building or any attempt thereat.
• Hurricane, cyclone, typhoon, windstorm.
• Flood but excluding loss or damage caused by subsidence or lanslip.
• Earthquake, volcanic eruption

Additional Protection in addition to Perils above

• Rent (Up to 10% of the Total Sum Insured on Buildings)
The Company will indemnify the Insured for the undermentioned loss actually incurred by the Insured in consequence of the premises specified in the policy schedule being so damaged as to be rendered uninhabitable but only in respect of the period necessary for reinstatement.

• Liability to the Public (Up to RM50,000 any one accident)
The Company will indemnify the Insured against all sums for which the Insured may be held legally liable as owner of the Private Dwelling House in respect of accidents caused by a defect in the Buildings of the Private Dwelling House or in the Landlord's fixtures and fittings or in the walls, gated, fences and trees around and pertaining thereto, occurring during the Period of Insurance and resulting in:

i) Bodily injury to any person not being a member of the Insured's family or household nor at the time of sustaining such injury engaged in the Insured's service

ii) Damage to property not belonging to or in the charge of or under the control of the Insured or of a member of his family or householder or of a person in his service.

Ratings (Minimum Policy Premium RM60.00)


The rates shown hereunder are Annual Premium rates per cent, applicable to Private Dwelling Houses constructed of brick or concrete walls, roof of tiles or concrete or other non-combustible materials and floors of reinforced concrete (classified as construction class 1A).

Type of Dwelling Rate Illustration of Premium Due for Sum Insured of RM100,000 (in RM)
Detached and non-detached dwelling; 0.106%    106.00
Flats & Apartments 0.109%    109.00

Motor Insurance

Motor Insurance
Motor Insurance is a contract purchased by the owner of a vehicle from an authorised insurer to protect the policyholder (owner of the vehicle) against loss or damage to his vehicle and or against loss or damage which the policyholder might cause to another person's vehicle or property and or death or bodily injury to a third party.


Vehicle Classification

PRIVATE CAR
Use only for social domestic and pleasure purposes and for the Policyholder's business
Does not cover:-
Use for hire and reward
- Use for racing pace-making reliability trial speed testing
- Use for the carriage of goods other than samples in connection with any trade or business
- Use for any purpose in connection with the Motor Trade.

PRIVATE MOTOR CYCLE

Use for social domestic and pleasure purposes and in connection with the Policyholder's business for profession
Does not cover:-
Use for hire and reward
- Use for racing pace-making reliability trial speed testing
- Use for the carriage of goods other than samples in connection with any trade or business
- Use for any purpose in connection with the Motor Trade.

Type of Covers

• Comprehensive
The cover offers protection against financial loss because it covers fire, theft and accidental damage to the Insured's vehicle in addition to the protection against the legal liabilities to third party for death and bodily injury and damage to property that may arise through the negligence of the driver.

• Third Party
The cover offers protection against financial loss as a result of damage the driver of the vehicle may cause to the property of a third party. It also provides protection against any claims that may arise because of the death of or injury to another person through the negligence of the driver.

HEALTH INSURANCE

Importance of Health insurance

HEALTH is a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity as defined by WHO (World Health Organisation).

Nowadays, it is necessary that you and your loved one have a health insurance policy to protect against any serious and financially disastrous losses that arises from an accident or illness. The escalating health care costs due to inflation and medical advances should alert everyone on the importance and significance of health insurance.
Although we try to live a healthy lifestyle, however, illnesses do not discriminate between healthy or unhealthy, young or old, male or female. Furthermore, companies may only cover their employee only and do not extend coverage to the employee's family. Therefore, it is imperative that each individual should take health care covers seriously to ensure that one is adequately covered in times of need.
Thus, there is a need for HEALTH INSURANCE coverage that provides for the payment of benefits as a result of accident and illness. As the proverb say "An ounce of prevention is better than a pound of cure".


We offers Hospitalisation and Surgical products that are affordable and comprehensive with extensive coverage for the Insured and their loved ones to assure them of the protection against unforeseen circumstances.

Ultima V2 P.A. Insurance

Ultima V2 PA is an accident insurance plan comes with extra benefits, so you can have total peace of mind. There are many plans you can choose from, depending on your needs.


Extra Features
• Provides extra 50% Renewal Bonus
• Double Indemnity cover
• Personal Liability cover
• Optional cover for Temporary Total Disablement Benefit
• Free Terrorism cover of RM20,000
• Optional additional cover for Terrorism up to RM200,000

Special Features
• Death and Permanent Disablement Benefit is payable over and above all other benefits.
• Definition of accident does not include the words “violent external and visible”.
• Loss of use of limb is treated as loss of limb.
• Reimbursement for Traditional Treatment of RM50 per visit subject to maximum RM500 per accident.
• Reimbursement for hospital room and board, clinical and medical as a result of Dengue Fever, Malaria or Japanese Encephalitis.
• Reimbursement for Medical Equipment necessary to assist in the mobility.
• Reimbursement for Medical Report or Postmortem Report.
• Service Tax on Medical Expenses incurred is payable.
• Higher limit for Funeral Allowance.

Free Extensions
• All natural disasters
• Disappearance
• Drowning, suffocation by smoke or poisonous fumes
• Exposure to the elements as a result of an accident
• Food poisoning
• Hijacking not arising from war like action
• Hunting
• Insect bites, snake bites and animal bites which cause immediate injury
• Intoxication (except drunken driver as governed by the law)
• Most games and sports (as amateur only)
• Motorcycling
• Mountaineering (not involving the use of ropes)
• Murder and assault
• Riot strike and civil commotion

Table Of Benefits And Premium
http://www.bgi.com.my/pop_table_benefit.htm

Table Of Benefits
Benefits
 
• Death
Pays lump sum in the event of accidental death.
• Permanent Disablement
Pays lump sum as specified in Permanent Disablement Scale in the event of permanent disablement as a result of an accident
(click here to view PD scale )http://www.bgi.com.my/pop_PD_scale.htm
• Temporary Total Disablement Benefit (Optional Cover)
Pays up to 52 weeks if Life Insured is totally unable to attend to his/her work due to injury caused by an accident as certified by a qualified and registered medical practitioner.
• Medical Expenses
Reimbursement for the actual, necessary and reasonable medical, clinical, medical equipment necessary to assist in the mobility of the Life Insured, traditional medical treatment incurred for injuries resulting from an accident or illness due to dengue, malaria or Japanese Encephalitis (JE). The fee for medical report and/or postmortem report is also payable provided it is specifically required by the Company.
• Hospital Income
A weekly benefit is payable for the period of hospitalization not exceeding 52 weeks and as a result of an accident requiring hospitalization in a registered hospital or government hospital.
• Funeral Allowance
Pays lump sum to the Insured or Life Insured’s next-of-kin or legal personal representative in the event of death benefit is payable.
• Hospital Visitation Allowance
Pays RM20 per day for the period of hospitalization not exceeding 50 days provided hospital income benefit is payable.
• Ambulances Fees
Pays ambulance fees incurred consequent upon an accident up to RM500 per accident.
• Home Nursing Care Charges
Pays up to RM500 per week subject to maximum 4 weeks for any nursing care services rendered by a qualified and registered nurse which are medically necessary for the Life Insured who is totally disabled as a result of an accident and who would otherwise be confined as a bed patient in a hospital.
• Repatriation Expenses
In the event of accidental death of the Life Insured whilst he/she is travelling outside his/her country of residence, the Company shall reimburse the Insured or Life Insured’s next-of-kin or legal personal representative the actual, necessary and reasonable expenses incurred for the transportation of the mortal remains from the place where such death occurs to the first point of entry into country of residence.
• Dental Correction And/Or Corrective Cosmetic Surgery
Pays up to RM5,000 for any additional expenses incurred for corrective dental and/or corrective surgical operation to the neck, head or chest (navel up) as a result of an accident.
• Renewal Bonus
10% yearly increase on the original sum insured for death and permanent disablement benefits as renewal bonus up to a maximum of 50% if no claims are made. Once a claim is made, all renewal bonuses already granted will be forfeited and the sum insured for death and permanent disablement shall revert to the original sum insured on renewal. Renewal Bonus will again be granted at the same rate in the subsequent years.
• Double Indemnity
Pays double the original sum insured for death or permanent total paralysis or permanent total loss/loss of use of 2 limbs if accident occurs whilst the Life Insured is travelling as a fare-paying passenger on any mode of public transport.
• Personal Liability
Subject to the limit of liability, the Company will indemnify the Life Insured in respect of all sums he/she shall become legally liable to pay to third parties in respect of accidental bodily injury or accidental damage to property. The territorial limit of this benefit is within Malaysia only.

Classification of Occupations
• CLASS 1
Professions and occupations involving non-manual, administrative or clerical work, solely in offices or similar non-hazardous places.
• CLASS 2
Professions and occupations involving work of a supervisory nature or traveling outside office for purposes but not engaging in manual work.
• CLASS 3
Professions and occupations involving manual work and/or the use of tools or machinery.

Click here for list of occupations
http://www.bgi.com.my/pop_list_occ.htm

General Exclusions
The policy does not cover war risks, existing physical or mental defect, suicide, self-injury, pregnancy or child-birth, hernia, HIV bacterial or viral infections, any disease or sickness, participation in a criminal act, professional sports, racing of any kind (other than on foot), caving, parachuting, hang gliding, hunting, mountaineering requiring ropes or guides, water-ski jumping, underwater activities involving the use of breathing apparatus.

This brochure is not a contract of insurance. The descriptions of the available cover are only a brief summary for quick and easy reference. The precise terms and conditions that apply are stated in the policy.