PACIFIC & ORIENT INSURANCE CO.

BERHAD
Registration No. 197201000959 (12557-W)
A Member Of The Pacific & Orient Group

11th Floor, Wisma Bumi Raya, No. 10, Jalan Raja Laut, 50350 Kuala Lumpur.
P. O. Box 10953, 50730 Kuala Lumpur. Website: www.poi2u.com
Telephone: 03-2698 5033 Fax: 03-2693 8145 Toll Free: 1 800 88 2121
SST Registration No: W10-1808-31021805

PRODUCT DISCLOSURE SHEET

(Read this Product Disclosure Sheet before you decide to
take out the Comprehensive Motorcycle Insurance Policy.
Comprehensive Motorcycle Insurance
Be sure to also read the general terms and conditions.) Policy
Date:

1. What is this product about?

This policy provides insurance against loss or damage to your motorcycle, liability to third parties for bodily injury
or death and damage to third parties’ property.

2. What are the covers / benefits provided?

This policy covers:

 Loss or damage to your motorcycle due to collision or overturning (accidental or due to mechanical breakdown
or wear and tear), impact damage caused by falling object not resulted from convulsion of nature, fire,
explosion or lightning, burglary, housebreaking or theft, malicious act or when in transit;
 Third party bodily injury or death; and
 Third party property damage.

The benefits provided under this policy are as follows:

 The total liability for third party bodily injury and death is unlimited, however the total liability is limited to
RM3 million for third party property loss or damage in respect to one claim or series of claims arising out of
one event;
 This policy will cover for the person’s legal representatives for liability covered following the death of the
person; and
 This policy will cover for the legal cost up to maximum of RM2,000 for defense of any charge including the
charge of causing death by driving the vehicle.

NOTE: It is an offence under the laws of the Republic of Singapore to enter the country without extending
passenger liability cover to your motor insurance.

Duration of cover is for one year. You need to renew the insurance cover annually.

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3. How much premium do I have to pay?

The total premium that you have to pay consist of the standard coverage premium amount and additional coverage
requested and may vary depending on the no-claim-discount (NCD) entitlement and the underwriting requirements
of the insurance company.

The standard coverage premium amount is calculated in accordance with the De-Tariff pricing factors which among
others include the following:

 Insured Age  Vehicle Use

 Cubic Capacity  Vehicle Age
 Sum Insured*  Vehicle Make
 Gender  NCD
 Postal Code

*This sum insured is based on the current market value of the vehicle.

4. What are the fees and charges that I have to pay?

Type Amount

 Commissions paid to the insurance agent  10% of premiums

 Stamp duty  RM10
 Services Tax (SST)  6% of premiums

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

 Duty of Disclosure:

a) 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 (or
when you apply for this insurance). You must answer the questions fully and accurately.
- Failure to take reasonable care in answering the questions may result in avoidance of your contract of
insurance, refusal or reduction of your claim(s), change of terms or termination of your contract of
insurance.
- The above duty of disclosure shall continue until the time your contract of insurance is entered into,
varied or renewed with us.
- In addition to answering the questions in the Proposal Form (or when you apply for this insurance),
you are required to 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.
- 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 in the Proposal Form (or when
you applied for this insurance) is inaccurate or has changed.

b) 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 a purpose 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 your contract of insurance, refusal or
reduction of your claim(s), change of terms or termination of your contract of insurance.

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 - The above duty of disclosure shall continue until the time your contract of insurance is entered into,
varied or renewed with us.
- 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 in the Proposal Form (or when
you applied for this insurance) is inaccurate or has changed.

 You must disclose all material facts such as previous accidents and modification to engines.
 You must ensure that your vehicle is insured at the appropriate amount.
 The excess, that is the amount of loss you have to bear will stated in your policy schedule.

Note: This list is non-exhaustive. Please refer to the policy contract for the full terms and conditions under this
policy.

6. What are the major exclusions under this policy?

This policy does not cover certain losses, such as:

 Your own death or bodily injury due to a motor accident;

 Your liability against claims from passengers in your vehicle;
 Loss, damage or liability arising from an act of nature i.e. flood, storm or landslide;
 Consequential loss of any nature; and
 The loss of use of your vehicle.

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

7. Can I cancel my policy?

 You may cancel your policy at any time by giving written notice to us;
 You shall within seven days from the date of cancellation under the above paragraph, surrender the certificate
of insurance to us or if it has been lost or destroyed, to provide us with a statutory declaration to that effect;
 Upon cancellation, you are entitled to a refund of the premium based on short-period rates, where any
minimum premium paid (exceeding 8 months) under the policy is not refundable;
 We may also cancel this policy by giving you 14 days written notice by registered post to your last known
address; and
 In the case of cancellation by us, you shall be entitled to a pro-rata refund of the unexpired premium calculated
from the date of receipt by us of the certificate or statutory declaration in the event that the certificate is lost or
destroyed.

8. What do I need to do if there are changes to my contact details?

It is important that you inform us of any change in your contact details to ensure that all correspondences reach you
in a timely manner.

9. Where can I get further information?

Should you require additional information about motor insurance, please refer to the insurance info booklet on
‘Motor Insurance’, available at all our branches or you can obtain a copy from the insurance agent or visit
www.insuranceinfo.com.my.

If you have any enquiries, please contact us at:

Pacific & Orient Insurance Co. Berhad

11th Floor, Wisma Bumi Raya,
No. 10, Jalan Raja Laut,
50350 Kuala Lumpur.
Tel : 03-2698 5033
Fax : 03-2693 8145
E-mail : [email protected]

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10. Other types of motor insurance cover available:

 Third Party cover

IMPORTANT NOTE:
YOU MUST ENSURE THAT YOUR MOTORCYCLE IS INSURED AT THE APPROPRIATE
AMOUNT AS IT WILL AFFECT THE AMOUNT YOU CAN CLAIM. IN THE EVENT OF AN
ACCIDENT, YOU ARE ADVISED TO DEAL WITH APPROVED WORKSHOPS. IF YOU
HAVE A COMPREHENSIVE COVER AND YOU ARE NOT AT FAULT, YOU ARE ADVISED
TO SUBMIT YOUR CLAIMS TO YOUR INSURANCE COMPANY. 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 a brief summary for quick and easy reference. The exact terms and condit ions that
apply are stated in the policy contract.

Pacific & Orient Insurance Co. Berhad is licensed under the Financial Services Act 2013 and regulated by Bank Negara Malaysia.

The information provided in this disclosure sheet is valid as at 14.02.2019.

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