On top of home contents and houseowner coverage, you will be covered for worldwide coverage for personal belongings with the option to extend coverage to include worldwide personal liability and worldwide personal accident at additional premium. This Policy also provides 24-hour Home Assist Programme at no additional charges.

The cover under your mortgage fire insurance usually relates to the building structure, permanent fixtures and fittings. Improvements and additions to your home, your household contents and personal belongings may not be covered.

Valuables refer to precious metals or precious stones, jewellery, watches, curios and works of art. Each article or item is covered up to RM3,000 and in aggregate is up to 1⁄3 of the total Sum Insured on contents.

You do not need to do so. There are however specific limits applicable. 

Yes, you will be paid on top of your other personal accident policies.

Nomination ensures that your loved ones receive the protection you intended and allows insurers to pay out policy moneys without delay.

If no nomination is made, the policy moneys will be paid to:

• your lawful executor (if you have a Will), or
• your lawful administrator (if no Will has been made).

This process may take time.

If there is no lawful executor or administrator, policy moneys will be paid to the rightful recipients in accordance with applicable distribution laws.

You may nominate any individual(s). However, not all nominations allow the nominee(s) to receive the policy moneys for their own use.

The outcome of a nomination depends on:

• your marital status;
• who you nominate; and
• whether you are a Muslim or non-Muslim policy owner.

For non-Muslim policy owners, nominations may result in either:

• a trust policy, or
• a non-trust policy.

To ensure your nominee(s) receive the policy moneys beneficially, a trust policy must be created.

A trust policy is created when:

• the nominee is your spouse or child; or
• the nominee is your parent, provided there is no living spouse or child at the time of nomination.

If you nominate individuals other than your spouse, children, or parents, a non-trust policy is created.

In this case, the nominee(s) will receive the policy moneys as executor only and must distribute them according to:

• your Will, or
• applicable distribution laws if there is no Will.

If you intend for such nominee(s) to receive the policy moneys for their own use, you must assign the policy benefits to them.

In short, if you nominate persons other than your spouse, children, or parents, consider assigning the policy benefits to avoid unintended outcomes. Please contact MSIG for further assistance.

For Muslim policy owners, nominee(s), regardless of their relationship to the Insured Person, may only receive the policy moneys as executor.

The policy moneys must be distributed in accordance with Islamic laws.