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.