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MSIG Insurance (Malaysia) Bhd is a member of PIDM. The benefit(s) payable under eligible product is protected by PIDM up to limits. Please refer to PIDM's TIPS Brochure or contact MSIG Insurance (Malaysia) Bhd or PIDM (visit www.pidm.gov.my).
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Safe Deposit Locker Insurance (Excess Layer Policy) which is underwritten by MSIG Insurance (Malaysia) Bhd (“the Company”) provides cover for the loss of property of Hong Leong Bank Berhad (“HLBB”)’s customers contained in safe deposit lockers leased to the customers by HLBB and lodged in the safe deposit vaults of the premises and while such property or articles or lockers are in the said premises but temporarily outside the safe deposits vaults.
Benefits
Benefits
This is an Excess Layer insurance which will pay for loss and damage in excess of the Primary Insurance Policy maintained by HLBB at all times during the Period of Insurance. The maximum sum insured of the Primary Insurance Policy is RM10,000 for one deposit locker.
This insurance covers loss or damage to your HLBB safe deposit box by:
- Burglary and/or Robbery
- Fire Damage
- Water Damage
- Flood
This is an Excess Layer insurance which will pay for loss and damage in excess of the Primary Insurance Policy maintained by HLBB at all times during the Period of Insurance. The maximum sum insured of the Primary Insurance Policy is RM10,000 for one deposit locker.
This insurance covers loss or damage to your HLBB safe deposit box by:
- Burglary and/or Robbery
- Fire Damage
- Water Damage
- Flood
Premium
Premium
Duration of cover is for one (1) year.
The premium that you have to pay may vary depending on the plan selected.
Sum Insured / Premium (RM)
Top-Up Cover In Excess to HLBB’s Primary Insurance Policy
10,000
40,000
90,000
Premium Payable
35.00
100.00
225.00
Less 25% Rebate
(8.75)
(25.00)
(56.25)
Plus 8% Service Tax
2.10
6.00
13.50
Plus Stamp Duty
10.00
Total Premium
38.35
91.00
192.25
| Sum Insured / Premium (RM) | |||||
| Top-Up Cover In Excess to HLBB's Primary Insurance Policy | |||||
| 10,000 | 40,000 | 90,000 | |||
| Premium Payable | |||||
| 35.00 | 100.00 | 225.00 | |||
| Less 25% Rebate | |||||
| (8.75) | (25.00) | (56.25) | |||
| Plus 8% Service Tax | |||||
| 2.10 | 6.00 | 13.50 | |||
| Plus Stamp Duty | |||||
| 10.00 | |||||
| Total Premium | |||||
| 38.35 | 91.00 | 90,000 |
Note: It may be renewed on each anniversary of the inception date of the Policy by payment of the premium as determined by the Company at the time of renewal.
Learn More
Safe Deposit Locker Insurance (Excess Layer Policy) is from Hong Leong Bank Berhad which covers losses of items in rented lockers within the bank’s premises, including when items are temporarily outside the vaults.
Download the coverage details below to learn more.