MSIG Malaysia

We understand that your business is an expression of your independence and entrepreneurial spirit. That's why we go above and beyond with Retail SafeGuard Insurance to provide coverage to your business risks at an affordable premium. At MSIG, you and your business are at the heart of all we do.

To understand this product better, you may click here to view the video or refer to the benefits at a glance as below:

  • Affordable
  • Complimentary* Additional Coverages for Fire Insurance. NEW

> Assistance Allowance of RM5,000

> Professional Consultation Fees up to RM20,000

> Good Claims Experience Discount

  • E-Risk in Digital World. NEW

> Electronic Funds Transfer

> Digital Cover

   a) Social Media Reputation Risk

   b) Restricted Cyber Risk Allowance

  • Terrorism and Sabotage Coverage. NEW
  • One simple proposal form.
  • One common expiry date.

* With combined purchase of at least Section A: Fire Insurance and Section C(I): Money, Burglary and Robbery, (II)Fidelity Guarantee, (III)Public Liability, (IV)Employer's Liability, (V)Plate Glass, Signboard and Signage.

Note:

Service Tax implementation effective 1 September 2018

Please be informed that a 6% Service Tax will be charged with effect from 1st September 2018 for all taxable general insurance policies with period of insurance commencing on or after 1st September 2018 or policies spanning across 1st September 2018 (pro-rated charge).

You are obligated to pay any applicable taxes (which include but not limited to service tax and stamp duty) imposed by the Malaysian tax authorities in relation to this Policy.

We are in the midst of updating our brochures and product materials to reflect the Service Tax. The materials will be ready in due course.

For simple shop houses and shop offices:

The Building Cost Calculator (BCC) is intended to use as a guide to help you in determining the estimated sum to be insured for your shop house or shop office.

You should review your sum insured and estimate the likely cost of rebuilding your shop house or shop office to its current specification.  This is to minimize the problem of under-insurance so that you will not be inadequately compensated in event of a loss.   

If you are buying a new shop house or shop office, it’s just as important that you estimate the potential cost of rebuilding it as this amount probably different from the price you had paid for the property. The estimated cost of rebuilding would be the Sum Insured on your policy.  

You are advised to consult an expert in rebuilding cost such as a registered valuer, quantity surveyor or licensed builder if your shop house or shop office has been extensively renovated and /or have unique non standard designs.

Please click to below link to PIAM website for the BCC calculator:

http://www.piam.org.my/consumer/industry/building-cost-calculator-bcc/

Customer Service Hotline

Our dedicated Customer Service Officers and staff will be happy to assist with your queries.