AIR MEET LIABILITY INSURANCE

PRODUCT DISCLOSURE SHEET

AUGUST 2015

IMPORTANT NOTE
Read this Product Disclosure Sheet before you decide to take out the Air Meet Liability Insurance Policy. Be sure to
also read the policy wording for full terms and conditions.

1) What is this product about?

This policy protects against bodily injury or property damage arising out of an air meet event sponsored or
organised by you.

2) What are the cover / benefits provided?

This policy will pay for damages for bodily injury or property damage due to an accident arising out of an air meet
event sponsored or organised by you.

3) What is the premium I have to pay?

The premium is noted on the quotation documents. It is calculated according to various factors, of which the main
factors are:
Limits of Indemnity (including sub-limits);
Values Insured/Exposed (including aggregate limitations);
Level of Deductible;
Level of Acquisition costs/Tax;
Loss/Incidents;
Other risks factors may also be taken into consideration:
Turnover;
Passenger loading / through put / profile;
Operational Changes;
Management including other general factors that may affect the risk profile

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

Type
GST (when applicable)
Stamp Duty
Commission paid to the insurance agent (when applicable)

Amount
6% of Gross Premium
RM 10.00
Up to maximum 25%

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

Importance of Disclosure: You should disclose to the best of your knowledge all material facts and confirm all
the declarations are true and correct; otherwise your policy may be invalidated
Variation in risk: You must notify us of any material change in the circumstances or nature of the risks; if not
any claim arising under such change will not be recoverable.
No Admission of Liability: You should not admit liability, offer, promise or pay to claimant without our written
consent
Premium Warranty: The premium due must be paid and received by the insurer within 60 days from the
inception date of the policy / endorsement / renewal certificate
If you fail to pay the premium within the period, your policy will be automatically cancelled and AIG is
entitled to the pro rata premium on the period you have been on risk.

AIG Malaysia Insurance Berhad (795492-W), Level 16, Menara Worldwide, 198, Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia.
www.aig.my
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6) What are the major exclusions under this policy?

(This list is non-exhaustive; please refer to the policy wording for full terms and conditions.)
Bodily Injury to any person who at the time of sustaining such Bodily Injury is engaged in the service of you or
liability for which you or your insurer may be held liable under any employers liability, workers
compensation, unemployment compensation or disability benefits or any similar law.
Liability assumed by you by agreement under any contract unless such liability would have attached to you
even in the absence of such agreement.
Property Damage to property owned, rented, leased or occupied by or in the care, custody or control of you
but this exclusion shall not apply to Property Damage to vehicles not owned, rented or leased by you whilst in
the your care, custody or control.
Bodily Injury or Property Damage caused by the use of any vehicle on the road in such a manner as to require
insurance or security under any domestic or international law governing road traffic or, in the absence of any
applicable law, to liability arising from the use of any vehicle on the public highway.
This exclusion shall not apply to liability arising from Occurrences within the confines of any airport if there is
no such applicable law to the liability of you to pay any amount which is in excess of
any prescribed limit that is required to be insured where insurance may be effected to comply with the
law whether you effect an insurance policy in respect of such liability or not
the limit of liability of the insurance policy effected by you in respect of such liability
whichever is greater.
Bodily Injury or Property Damage caused by any participant in the Air Meet or by any participating aircraft,
vehicle or device.
Bodily Injury or Property Damage arising out of any goods or products manufactured, constructed, altered,
repaired, serviced, treated, sold, supplied or distributed by you, after such goods or products have ceased to
be in the possession or under the control of you but this exclusion shall not apply to liability arising out of the
supply, by you, of food or drink at the location specified in the Policy Schedule.
Bodily Injury or Property Damage caused by any aircraft owned, chartered, used or operated by or on
account of you.
Bodily Injury or Property Damage arising out of the use of pyrotechnics.

7) Can I cancel my policy?

You may cancel your policy by giving us 10 days written notice. Refund of premium shall be at our discretion. No
refund of premium is allowed if there is a claim under the policy. If we cancel the policy, we will refund a pro rata
portion of the premium in respect of the unexpired period of the policy.

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 this insurance, please contact us at:
AIG Malaysia Insurance Berhad (795492-W)
Level 16, Menara Worldwide,
198, Jalan Bukit Bintang,
55100 Kuala Lumpur,
Malaysia
Tel:
1800 88 8811
Fax:
+60 3 2118 0388
Email: AIGMYCare@aig.com
Web: www.aig.my

AIG Malaysia Insurance Berhad (795492-W), Level 16, Menara Worldwide, 198, Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia.
www.aig.my
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10) Other types of similar insurance cover available?

None
IMPORTANT NOTE
YOU SHOULD SATISFY YOURSELF THAT THE POLICY WILL BEST SERVE YOUR NEEDS. 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 valid as of the date shown.

AIG Malaysia Insurance Berhad (795492-W), Level 16, Menara Worldwide, 198, Jalan Bukit Bintang, 55100 Kuala Lumpur, Malaysia.
www.aig.my
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