We offer a host of coverages for example loss of cash and personal valuables, medical reimbursement and personal accident, to name a few. This policy provides 24 hours worldwide coverage regardless whether you are on holiday or working.
2. What are the covers/benefits provided? This policy covers the following:
a) ATM Protection Subject to a formal police report being lodged, we will reimburse you for: i) cash withdrawn; or ii) cash you are forced to withdraw as a result of a robbery at the ATM; provided such loss took place within 15 minutes immediately after the withdrawal.
b) Loss of Cash & Valuables due to Theft. We will reimburse you for a maximum of 2 incidents per period of insurance for loss due to theft that has happened outside your private residence. E.g.: Snatch Theft
c) Accidental Death & Disablement Compensation for death or disablement within 12 months from the date of accident.
d) Medical Reimbursement Medical treatment reimbursement for bodily injury due to snatch theft, robbery or assault for a maximum of 2 incidents in every 12 months. This includes in-patient and out-patient treatment.
3. How much premium do I have to pay? The annual premium you pay is RM100. Total of 3 years premium will be collected at the point of application being premium for cover for years 1, 2 and 3. Your benefits under ATM Protection and Accidental Death and Disablement will be increased in Year 2 and Year 3 as shown in the schedule below. Please note that renewal is at our discretion. In the event renewal is not granted, premium will be refunded accordingly as shown in Item No. 7.
Coverage
Sum Insured (RM)
Year 1
Year 2
Year 3
ATM Protection (Reimbursement Basis)
3,000
4,000
5,000
Loss of Cash and/or Personal Valuables due to Theft (Reimbursement Basis)
3,000
3,000
3,000
Accidental Death or Disablement (Lump Sum)
10,000
11,000
12,000
Medical Reimbursement for Injury due to Theft (Reimbursement Basis)
500
500
500
Please refer to the premium printed on the schedule attached to the policy.
4. What are the fees and charges that I have to pay? Commissions paid to the insurance agent 20% Stamp duty NIL
5. What are some of the key terms and conditions that I should be aware of? Who can purchase this cover any individual who is a customer of Bank Simpanan Nasional between the age of 18 and 65 years old. Importance of disclosure - you must disclose all material facts such as your occupation and your personal pursuits which would affect the risk profile. 1
PRODUCT DISCLOSURE SHEET Read this Product Disclosure Sheet before you decide to take out the BSN CASH SHIELD policy. Be sure to also read the general terms and conditions.
BANK SIMPANAN NASIONAL BSN CASH SHIELD
Date:
PL/Cash Shield_BSN/PDS/V1_25062012
6. What are the major exclusions under this policy? This policy does not cover loss or death or injury caused by the following events: War risks; Suicide and insanity; Self inflicted injury; AIDS; Provoked murder or assault; Loss due to the use of fraudulent cards, unauthorised use of your card by your family members or friends and any debt arising from the unauthorised use of any supplementary card issued to your family members or friends in respect of the ATM Withdrawal protection; Loss as a result of being pick-pocketed in respect of the loss of cash and personal valuables benefit; Where such payment would violate any prohibition or regulation or sanction that has been imposed by the Malaysian Government, the American Government or the United Nations.
Note: This list is non-exhaustive. Please refer to policy contract for the full list of exclusions under this policy.
7. Can I cancel my policy? You may cancel your policy by giving us 30 days written notice. We also have the discretion to cancel your policy by giving you 30 days written notice or not renew the policy for Year 2 or 3. You will be entitled to a refund upon cancellation or non-renewal (where applicable), provided you have not made any claim. Your refund will be as follows:
Cancellation in:
Refund based on: Year 1
- Pro-rated for year 1; and - Full refund for year 2 and 3. Year 2
- No refund for year 1; - Pro-rated for year 2; and - Full refund for year 3. Year 3
- No refund for year 1 and 2; and - Pro-rated for year 3.
8. What do I need to do if there are changes to my contact/personal details? It is important that you inform us of any change in your life profile including your occupation and personal pursuits which would affect the risk profile.
9. Where can I get further information? Should you require additional information about BSN Cash Shield insurance, please contact our Customer Service Representative at our telephone number as indicated below.
If you have any enquiries, please contact us at:
Chartis Malaysia Insurance Berhad (795492-W)
Wisma Chartis No. 99 Jalan Ampang 50450 Kuala Lumpur
Telephone: 1-800-8888-11 Fax: 603-20813696
Email: CMIcare@chartisinsurance.com
Website: www.chartisinsurance.com.my
10. Other types of insurance cover available. Please refer to our website at www.chartisinsurance.com.my
IMPORTANT NOTE:
YOU ARE ADVISED TO NOTE THE BENEFITS FOR LOSS OF CASH AND PERSONAL VALUABLE AS WELL AS THE DEATH AND DISABLEMENT IN YOUR INSURANCE POLICY. YOU MUST NOMINATE A NOMINEE AND ENSURE THAT YOUR NOMINEE IS AWARE OF THE PERSONAL ACCIDENT POLICY THAT YOU HAVE PURCHASED. YOU SHOULD READ AND UNDERSTAND THE INSURANCE POLICY AND DISCUSS WITH THE AGENT OR CONTACT THE INSURANCE COMPANY DIRECTLY FOR MORE INFORMATION.
The information provided in this disclosure sheet is reviewed and updated as at 25/06/2012. 2