What is Money insurance?

In essence, it covers you for the loss of your money

  • While it is in transit
  • Within the premises

What it covers

The policy provides two forms of cover. You can choose to insure either one or both.
 

  • Transit Risk (Loss of money outside the premises)
    You are covered for the loss of money by
    • its actual destruction
    • disappearance
    • wrongful abstraction

while being handled by authorised personnel. You have to assess the highest amount carried, as this represents the limit of liability for any one event.
 

  • Premises Risk (Loss of money inside the premises)
    You are covered for the loss of money:
    • within the described premises
    • for money kept in a locked safe, strong room and other receptacles

You have to assess the highest amount of money kept in the premises at any one time as this represents the limit of liability for any one event.

In addition, you are also covered for the cost of repair or replacement of the safe, strong room or other receptacles – for an amount up to RM1,000 associated with such theft or attempted theft.

Key coverage

Here is an overview of your coverage

Money Insurance

Money Insurance

  • Transit Risk
    You are covered for the loss of money by : - its actual destruction
    • disappearance
    • wrongful abstraction (robbery)
    • whilst in transit by you or your authorised personnel. 
  • Premises Risk
    You are covered for the loss of money kept within the premises and in locked safe, strong room and other receptacles due to theft or robbery 

How much is my premium?

Your premium may vary, depending on

  • The limit of liability
    For transit risk, you have to assess the highest amount carried at any one time and as for premises risk, you have to assess the highest amount of money kept in the premises at any one time
  • Risk exposure
  • Our underwriting requirements


Download our brochures under the Product Literature

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What we don’t cover

  • War and related risks
  • Strike, riot and civil commotion
  • Any act of terrorism
  • Confiscation or destruction by or under the order of any Government or Public Authority
  • Forged bank or currency notes
  • Shortage due to error, omissions or accounting errors
  • Unattended vehicles
  • Use of duplicate keys unless they are obtained by threat or violence
  • Depreciation in value
  • Any consequential loss whatsoever
  • Losses arising from ionizing radiations or contamination by radioactivity from any nuclear fuel, nuclear waste or any nuclear weapons material
Note:
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under the policy.
Important information

This plan is underwritten by Tokio Marine Insurans (Malaysia) Berhad. All benefits and features mentioned herein are subject to terms and conditions of the policy. It is In your best interest to refer to the Policy Contract for the precise terms and conditions of this insurance plan. The information shown here is for reference only and is accurate as at 30 June 2012.

Note: Take confidence in the fact that this policy will deliver the coverage that best serves your needs. You should read and understand the insurance policy and discuss it with your agent. Or, feel free to contact us directly for more information.