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Haniza/DPB5013/PMM

General Insurance :
The Characteristics
Haniza/DPB5013/PMM

The Products
Haniza/DPB5013/PMM

Compulsory insurance
Regulated by the Road Transport Act 1987
Part IV : every motorist must insure any liability which he may incur
in respect of the death or bodily injury to a third party
caused by or arising out of the use of motor vehicles, with an
authorised motor insurer

Types of vehicle:

Private cars
Commercial vehicles
motorcycles

Haniza/DPB5013/PMM

Types of cover

Haniza/DPB5013/PMM

Third Party Cover

Haniza/DPB5013/PMM

Haniza/DPB5013/PMM

Haniza/DPB5013/PMM

Consequential loss, depreciation, wear and tear, mechanical

breakdowns, failures of breakages
Damage to tyres unless the vehicle is damaged at the same
time
loss., damage, liability occurring outside the geographical area
The vehicle is used other than in accordance with the limitation
as to use
Vehicle is being driven by person other that specified in the
policy
Flood, typhoon
Volcanic eruption
Riot, strike
Nuclear risk
Haniza/DPB5013/PMM

 Covers

loss of or damage to property caused

by fire and other specified perils
Main types are:

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fire insurance,
houseowners insurance,
householders insurance

Haniza/DPB5013/PMM

Standard Fire Insurance

RISK COVERED
Loss/damage to buildings, contents
PERILS COVERED
- caused by :
-

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fire,
lightning,
explosion of gas used for illuminating and
domestic purposes only
Haniza/DPB5013/PMM

The Extensions
Special

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perils

Riot, strike
Earthquake, volcanic eruption
Explosions
Lalang fire
Storms, tempest
Aircraft damage
Impact damage by road vehicle,
horses and cattles
Bursting or overflowing of water
tanks, pipes
Subsidence or landslip
Spontaneous combustion
Flood
Electrical installation

Coverages

Loss of rent
Other losses
Removal of debris
Architects and
surveyors fees
Sprinkler leakage

Haniza/DPB5013/PMM

Loss/damage caused by (directly or indirectly):

Loss/damage caused proximately by :

Burning of property by order of public authority

Subterranean fire
Explosion other than explosion of gas used for illuminating; burning of forest, clearing
of land by fire

Loss/damage to the following specified property :

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earthquake, volcanic eruption, convulsion nature

Typhoon, hurricane
War risks
Nuclear risk

Goods held in trust

Unset precious stone
Curiosity or work of art exceeding RM500
Manuscripts, plans, models, moulds
Securities, business books, computer system records
Coal against loss by its own spontaneous combustion
Explosives
Loss by theft during or after fire
Loss/damage to property caused by own fermentation, natural heating

Haniza/DPB5013/PMM

Houseowners Insurance (houses,

flats or apartments)

Coverages :

Loss / damage to home

building

Loss of rent

Not exceeding 10% of total

sum insured

Liability of insured as the

owner

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Fire, lightning, explosion,

overflowing of water tank,
theft, earthquake, flood

Maximum of RM10,000
plus legal costs

Exclusions

Loss/damage due to:

war, riot & kindred risks;
contamination by radioactivity
Hurricane, cyclone, typhoon
to:
Any building under
construction,
reconstruction or repair
Awnings, blinds, signs,
outdoor fixtures gates
and fences
Loss/damage caused by
subsidence and landslip

Haniza/DPB5013/PMM

Houseowners Insurance (houses,

flats or apartments)
The

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extensions :

Riot, strike and

malicious damage
Subsidence and
landslip
Plate glass
exceeding RM500
per piece

Additional

perils
extended shall be
subjected to
additional premium

Haniza/DPB5013/PMM

Householders Insurance
(contents)

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Loss or damage to contents

furniture, furnishings,
household goods, personal
effects, valuables
Caused by : fire/lightning,
explosion, impact damage
by road vehicles, busting or
overflowing of water tanks,
theft, hurricane, earthquake,
flood

Loss of rent
Breakage of mirrors
Fatal injury to the insured
caused by violence by
thieves or fire
Loss damage to the servant
Legal liability to the public
up to RM50000

Haniza/DPB5013/PMM

The exclusions & extensions

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Loss/damage caused by :
War, riot
Order of the government
Nuclear risks
Subsidence or landslip
Loss due to own
fermentation, natural
heating

Full theft
Riot, strike
Plate glass exceeding
RM500 per piece

Haniza/DPB5013/PMM

Liability Insurance
Haniza/DPB5013/PMM

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Employers Liability
Haniza/DPB5013/PMM

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Public Liability

Haniza/DPB5013/PMM

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Products Liability
Haniza/DPB5013/PMM

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Theft Insurance
Haniza/DPB5013/PMM

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Burglary Insurance
Haniza/DPB5013/PMM

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Money Insurance
Haniza/DPB5013/PMM

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Goods in Transit Insurance

Haniza/DPB5013/PMM

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Insurance Products
Life Assurance

Haniza/DPB5013/PMM

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Life Assurance :
The Characteristics
Haniza/DPB5013/PMM

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The Policies
Haniza/DPB5013/PMM

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Term Assurance

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Decreasing Term Insurance

Haniza/DPB5013/PMM

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The uses of term assurance

Haniza/DPB5013/PMM

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Endowment
Haniza/DPB5013/PMM

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Ordinary Whole-life assurance

Haniza/DPB5013/PMM

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Limited Payment Whole-life

Haniza/DPB5013/PMM

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Whole-life endowment
Haniza/DPB5013/PMM

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Annuities

Haniza/DPB5013/PMM

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Medical & Health Insurance

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The Policies
Haniza/DPB5013/PMM

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