• MOTORCYCLE PLUS POLICY WORDING (ENGLISH)

• MOTORCYCLE PLUS POLICY WORDING (BM)

Read this Product Disclosure Sheet before you decide to take out the Motorcycle Plus insurance. Be sure to also read the general terms and conditions

Financial Service Provider : Allianz General Insurance (Company) Malaysia Berhad (“We”/“Us”/”Our”) 

Product Name : Motorcycle Plus

• What is the product about? 

Motorcycle Plus provides the following coverage:

• • Comprehensive Cover

This Policy provides insurance against accidental or fire damage or theft of your vehicle, liabilities to other parties for bodily injury or death, damage to other parties’ property, special peril, hospital income and death/permanent disablement benefits.

• Third Party Cover

This Policy provides insurance against liabilities to other parties for bodily injury or death, damage to other parties’ property,andadditionalcoveragetoyoufordeath/permanentdisablementandhospitalincome.

• What are the covers/benefits provided?

  • Motorcycle Comprehensive

1. Loss/damage to own vehicle due to accident, fire /theft

2. Third Party Bodily Injury and Death

3. Third Party Property Loss or Damage

• Motorcycle Plus Comprehensive

• 1. 1. Loss/damage to own vehicle due to accident, fire /theft

     2. Third Party Bodily Injury and Death

     3. Third Party Property Loss or Damage

     4. Special Perils (for motorcycles 250cc and below only)

     5. *Death/Permanent Disablement Benefit (for motorcycles 250cc and below only)

     6. *Hospital Income (for motorcycles 250cc and below only) *Only applicable where registered owner of the motorcycle is an individual person and not a body corporate.

• Comprehensive Cover

  1. Loss or damage to your own vehicle due to accident, fire or theft;

  2. Third Party bodily injury and death;

  3. Third Party Property loss or damage;

  4. Special Peril (for motorcycle with 250cc and below only) - for expenses incurred to repair your motorcycle due to special perils such as flood, typhoon, hurricane, storm, tempest, volcanic eruption, earthquake, landslide, landslip, subsidence or sinking of the soil/earth or other convulsions of nature;

  5. *Hospital Income (for motorcycle with 250cc and below only) - if you are hospitalised for injury sustained due to an accident involving your motorcycle;

  6. *Death/Permanent Disablement benefit (for motorcycle with 250cc and below only) – if you suffer death or bodily injury due to an accident while riding your motorcycle;

  7. *Hospital income and death/permanent disablement benefits (for motorcycles 250cc and below only) to your pillion rider for injury sustained while travelling on your motorcycle.

• Third Party Cover

1. Third Party bodily injury and death;

2. Third Party Property loss or damage;

3. *Hospital Income for you (for motorcycle with 250cc and below only) - if you are hospitalised for injury sustained due to an accident involving your motorcycle;

4. *Death/Permanent Disablement benefit for you (for motorcycle with 250cc and below only) – if you suffer death or bodily injury due to an accident while riding your motorcycle;

5. *Hospital income and death/permanent disablement benefits (for motorcycles 250cc and below only) to your pillion rider for injury sustained while travelling on your motorcycle.
   
   

Note: Please refer to the policy contract for the full features, benefits and scale of benefits.
Optional benefits (if applicable) that you may wish to purchase by paying additional premium:

Comprehensive Cover

• SRCC;

• Legal Liability to Pillion;

• Extension to Thailand and Kalimantan.

Third Party Cover

• Legal Liability to Pillion;

• Extension to Thailand and Kalimantan.
  This list is non-exhaustive. Please refer to Our branches and/or insurance intermediary for all other optional covers that are available.

NOTE:
(i) It is an offence under the law of Republic of Singapore to enter the country without extending your motor insurance to include coverage for Legal Liability to Pillion;
(ii) Duration of cover is for 1 year. You need to renew the insurance cover annually.

• How much premium do I have to pay?
  The total premium that you have to pay may vary depending on the cubic capacity of the vehicle, sum insured, no-claim-discount (NCD) entitlement, optional benefits required and the underwriting requirements of the insurance company.

Standard Cover : RM________________ premium for sum insured of RM_________________.

Additional cover : RM_________________.

The estimated total premium that you have to pay is RM_________________ .

• What are the fees and charges that I have to pay?
  *The Service Tax (“ST”) amount herein may be subject to change as the ST rate applied shall be based on the prevailing rate(s) in accordance with the laws of Malaysia.

• Commission paid to the insurance intermediary (if any): 10% of gross premium

• Stamp Duty: RM10.00

• Service Tax: 8% of premium

• What are some of the key terms and conditions that I should be aware of?

  • Importance of Disclosure

●  Consumer Insurance Contract
Pursuant to Paragraph 5 of Schedule 9 of the Financial Services Act 2013, if you are applying for this Insurance wholly for purposes unrelated to your trade, business or profession, you have a duty to take reasonable care not to make a misrepresentation in answering the questions in the Proposal Form and/or all the questions required by the Company fully and accurately and disclose any other matter that you know to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied, otherwise it may result in avoidance of contract, claim denied or reduced, terms changed or varied, or contract terminated.

●  Non-Consumer Insurance Contract
Pursuant to Paragraph 4(1) of Schedule 9 of the Financial Services Act 2013, if you are applying for this Insurance for purposes related to your trade, business or profession, you have a duty to disclose any matter that you know to be relevant to Our decision in accepting the risks and determining the rates and terms to be applied and any matter a reasonable person in the circumstances could be expected to know to be relevant, otherwise it may result in avoidance of contract, claim denied or reduced, terms changed or varied or contract terminated.
This duty of disclosure for Consumer and Non-Consumer Insurance Contract shall continue until the time the contract is entered into, varied or renewed. You also have a duty to tell Us immediately if at any time after your contract of insurance has been entered into, varied or renewed with Us, any of the information given is inaccurate or has changed.

• • You must ensure that your vehicle is insured at the appropriate amount;

  • Compulsory Excess and other Excess is the amount to be borne by you in the event of a claim;

  • Cash Before Cover – The premium due must be paid and received by Us before cover commences. This insurance is automatically null and void if this condition is not complied with.
    What are the major exclusions under this policy?
    This policy does not cover certain losses such as:

• Legal liability to Pillion;

• Your liability against claims from Pillion riders travelling on your vehicle;

• Non Authorised Rider;

• Provoked murder or assault.
  Note: This list is non-exhaustive. Please refer to the policy contract for the full list of exclusions under this policy.

• Can I cancel my policy?
  You may cancel your policy at any time by giving written notice to Us. Upon cancellation, you are entitled to a refund of the premium based on pro-rata if your vehicle has been insured continuously for more than 12 months or short period rates if vehicle has not been continuously insured for more than 12 months within the same Company. Any minimum premium paid under the policy is not refundable. Refund premium is allowed provided no claim has arisen during the then current Period of Insurance.
  There will not be any refund of premium for any cancellation of policy by you if the policy is cancelled after 8 months as illustrated as per below.

  • • • Not exceeding 1 week: 87.5% of the total premium

      • Not exceeding 1 month: 75.0% of the total premium

      • Not exceeding 2 months: 62.5% of the total premium

      • Not exceeding 3 months: 50.0% of the total premium

      • Not exceeding 4 months: 37.5% of the total premium

      • Not exceeding 6 months: 25.0% of the total premium

      • Not exceeding 8 months: 12.5% of the total premium

      • Exceeding 8 months: No refund of premium allowed

• Other types of motor insurance cover available:

• Motorcycle Comprehensive Cover;

• Motorcycle Third Party Cover.

• Where can I get further information?
  Should you require additional information about motor insurance, you can contact Us at:
  If you have any enquiries, please contact Us at:
  Allianz Authorised Agent : 014-257 9874 (Namreet Bains)
  Email: bavarianresources@gmail.com
  EasyPayInsurance.shop

IMPORTANT NOTE:
YOU MUST ENSURE THAT YOUR VEHICLE IS INSURED AT THE APPROPRIATE AMOUNT AS IT WILL AFFECT THAT AMOUNT YOU CAN CLAIM. YOU SHOULD READ AND UNDERSTAND THE INSURANCE POLICY AND DISCUSS WITH THE INSURANCE AGENT OR CONTACT THE INSURANCE COMPANY DIRECTLY FOR MORE INFORMATION.

The benefit(s) payable under eligible product is (are) protected by PIDM up to limits. Please refer to PIDM’s TIPS Brochure or contact Allianz General Insurance Company (Malaysia) Berhad or PIDM (visit www.pidm.gov.my).

The information provided in this disclosure sheet is valid as at 01/03/2024.