Secure your financial well-being. Safeguard your money wherever it goes.
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
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.
Here is an overview of your coverage
Transit Risk You are covered for the loss of money by : - its actual destruction
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
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
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
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under the policy.
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.