Money Insurance

Product information

Money Insurance Disclosure Sheet (English)

Money Insurance Disclosure Sheet (BM)

The benefit(s) payable under eligible policy is protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact TMIM or PIDM (visit www.pidm.gov.my).

Why Money
Insurance

Benefits at a glance.

Varied types of cover

You can choose to insure the loss of your money for either, or both:

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.

1. Transit risk (loss of money outside the premises)

You are covered for the loss of money by its:

actual destruction,
disappearance,
wrongful abstraction (robbery),

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.

2. Premises risk (loss of money inside the premises)

You are covered for the loss of money due to theft or robbery:

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 theft or attempted theft.

Key coverage

Here is an overview of your coverage

1. 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.

2. 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

More product
information

Money Insurance Proposal Form

PDF, 206.19 KB

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 ionising radiations or contamination by radioactivity from any nuclear fuel, nuclear waste or nuclear weapons material.

Note:
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this 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 of 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.