Growing Trees Insurance

Allianz Growing Trees Insurance is designed specifically to cover Plantation Risks, i.e. Rubber Plantation, Oil Palm Plantation and Cocoa Plantation. 

Benefits / Covers:

1. Covers loss or damage to plantation due to Fire and Lightining
2.  Extended Coverage:
• Flood
• Windstorm
• Animal Damage (domestic and wild mammal only)
• Aircraft damage
• Riot, Strike and Malicious Damage
• Deliberate burning

Duration of cover:
1 year and you need to renew annually

Allianz Fire Consequential Loss Insurance

The fire policy only covers physical loss or damage to the property insured but does not cover loss of profit arising from such physical damage. As a result of the loss or damage to the physical assets, the Insured is unable to carry out its planned level of business, thus leading to a fall in gross profits.

The policy is designed to cover during the period of interruption:

• CONTINUING OVERHEAD EXPENSES - which have to be met out of reduced earnings such as rent, taxes, interest on debentures, mortgages and loans
• INCREASE IN COST OF WORKING - necessarily incurred to overcome or to minimise the effects of damage upon the business such as renting of temporary premises, hiring of machinery or extra labour costs
• LOSS OF NETT PROFIT
• WAGES of employees not gainfully employed during the interruption period and payments to employees whose services are no longer required

Apart from the policy period, there is also the indemnity period which is the maximum length of time likely to elapse before the loss or damage can be reinstated and the earnings of the business restored to their pre-loss situation.

The sum insured should represent the estimated annual gross profit and correspondingly be increased if the indemnity period is more than twelve months giving due consideration for variations and trends.

To encourage adequate cover at all times, up to 50% rebate of premium is allowed if the estimated profit levels are not achieved.

Allianz Fire Insurance

Allianz Fire Insurance provides you with coverage for your property against loss or damage by fire, lightning and explosion caused by gas used for domestic purposes.

Benefits:
1. Loss or damage to your property due to fire, lightning and explosion caused by gas used for domestic purposes

2. You may extend coverage to the following risks by paying additional premium:

• Aircraft damage
• Earthquake and volcanic eruption
• Storm, Tempest
• Flood
• Explosion
• Impact Damage
• Bursting or Overflowing of Water Tanks Apparatus or Pipes
• Bush / Lalang
• Subsidence and landslide
• Spontaneous Combustion
• Riot Strike and Malicious Damage
• Damage by Falling Trees or Branches and Object

 Duration of Cover:
One Year and you need to renew annually.

Exclusion:

1. Loss / Damage due to theft during or after the occurance of a fire
2. Loss / Damage to property occasioned by its own fermentation, natural heating or spontaneous combustion
3. Loss / Damage due occasioned by order of any Public Authority
• The burning of property by order of any Public Authority
• Subterranean Fire
4. Loss or destruction or damage caused by pollution or contamination
5. War, Civil war and any Act of Terrorism
6. Radioactive and Nuclear Energy Risks
7. Date recognition
8. Property Damage to data or software

Allianz Domestic Workers Insurance Scheme

Allianz Domestic Workers Insurance Scheme provides the Employer with financial compensation for accidental bodily injury or death to the servant. In addition, it also pays for repatriation expenses, hospitalization and surgical expense and also weekly benefit.

 Benefits:

1. Personal Accident Insurance  

•  Accidental Death & Permanent Disablement - RM 25,000
•  Medical Expenses (Excess RM 50) - RM 1,000

2. Repatriation Expenses - up to RM 5,000
3. Hospitalization & Surgical - up to RM 5,000
4. Weekly Benefits (max 15 weeks) - RM 105

Premium:

The total premium that you pay varies depending on the no of the years (1 years or two years)

• 1 years - RM 63
• 2 years - RM 126 

Subject to minimum premium of RM 25 per policy issued.
In addition to the premium you have to pay RM 10 of Stamp Duty

Foreign Worker Hospitalization and Surgical Insurance Scheme (SKHPPA)

This Foreign Workers Hospitalization and Surgical Insurance Scheme (FWHS) or better known as SKHPPA is specially designed in view of increasing Hospital and Surgical charges and to reduce financial burden of the Employers of foreign workers in the event of hospital admission of their foreign workers due to accident or illness. Coverage is required before work permit is issued by Immigration Department for both new and renewal applications.

 Schedule of Benefits:

FAQ:
Q1 What does the SKHPPA cover?
A It covers hospitalization & surgical charges incurred by the foreign worker in the event of hospital admission to a Non-Corporatised Malaysian Government Hospital due to an Accident or Illness

Q2 Is the SKHPPA a compulsory scheme?
A Yes

Q3 My foreign workers are insured under the FOREIGN WORKERS COMPENSATION SCHEME (FWCS), do they need to be insured under SKHPPA?
A Yes. The SKHPPA and the FWCS are two different schemes and both are compulsory.

Q4 Can the premium deducted from the foreign workers salary?
A Yes, the employer can advance the payment for the required premium and then subsequently deduct the same from the foreign worker's salary.

Q5 How much is the premium and when will cocverage take effect?
A The annual premium is RM 120.00 per worker per annum and coverage will take effect upon registration with premium duly paid.

Q6 Is medical check-up required?
A Not necessary as long as the foreign workers are legally working in  Malaysia and have passed the medical examination administrated by Fomema Sdn. Bhd. (FOMEMA)

Q7 Any restriction to hospital admission?
A Yes, admission to Non-Corporatised Malaysian Government Hospital only.

Foreign Workers - Plus

The Foreign Workers Plus is specially designed to give an additional cover on top of the Compulsory Foreign Workers Compensation Scheme (FWCS). 

Eligibility
Employers who are employing foreigners who are:
1. Having a valid work permit
2. Age between 18 to 50 years
3. Free from physical deformity

Highlights of the cover
1. 24 hours worldwide coverage
2. Valid claims will be paid to employer
3. High Medical and Surgical benefits
4. Extended to cover:

• Strike, Riot and Civil Commotion
• Hijacking
• Food and Gas Poisoning
• Drowning
• Unprovoked Murder and Assault
• Insects, Snakes and Animal Bites
• Disappearance
• Natural Disaster
• Exposure to Natural Elements
• Motorcycling

Table of Benefits
Death / Permanent Disablement (Accidental) - RM 10,000
Medical and Surgical Expenses (Accidental) - RM 2,000

Premium:
RM 50 per worker. Subject to 5% service tax & RM 10 stamp duty per policy
Use of woodworking machinery: 25% loading

Exclusions:
This policy does not cover:

1. Death or Disablement or any loss casued directly or indirectly
• War, invasion, act of foreign enemy, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, mutiny or usurped power, military or popular uprisings
• Insanity, suicide (whether sane or insane) or any attempt threat, intentional self-inflicted injuries
• Any form of disease, infection, parasites
• Intoxication by alcohol or drugs (other than those prescribed by a qualified medical practitioner)
• Childbirth, miscarriage, pregnancy or any complications thereof
• Acquired Immune Deficiency Syndrome (AIDS) or AIDS Related Complex (ARC), howsoever this syndrome has been acquired or may be named
• Provoked murder or assault
2. Death or Disablement or any other loss sustained by Life insured
• While traveling in an aircraft as a member of the crew except only as fare-paying passenger in an aircraft licensed for passenger service. For the purpose of this exclusion, the Life Insured would not be covered if he/she is involved in any technical operation or navigation whilst in the aircraft
• While committing or attempting to commit any unlawful act
3. Death or Disablement or any other loss consequent upon the Life insured engaging in hunting, mountaineering, ice-hockey, polo-playing, steeple chasing, winter sports, rugby, parachuting, racing of any kind other than on foot, yatching, water-ski jumping, underwater activities involving the use of breathing apparatus, professional sports, logging activities and using woodwork machinery driven by mechanical power.
4. Death or Disablement directly caused by or contributed or arising from:
•  Ionization, radiation or contamination by combustion of nuclear waste from the combustion of nuclear fuel. For the purpose if this exception, combustion shall include any self-sustaining process of nuclear fusion
• Nuclear weapons material

Foreign Workers Compensation Scheme (FWCS)

Employers who are employing foreign workers must comply with the statutory requirement Under Section 26(2) of the Amended Workmen’s Compensation Act 1952 to purchase this insurance to protect their foreign workers.

Benefits:
This policy indemnifies you under the Act in respect of compensation for employment injury as well as non-employment injury sustained by your foreign workers.
Duration of cover is for one year. You need to renew your insurance policy annually.