Protection

Why Choose SME Flexi-Cover Plus?

SME Flexi-Cover Plus offers a ’perfect fit’ for your business!

Unique flexibility
Unlike traditional ’one size fits all’ protection packages, SME Flexi-Cover Plus gives you the freedom to pick and mix your core coverage from a range of protection sections offered.^ This unique flexibility also enables you to customize your coverage to suit your budget or protection needs.

Value for money
If your business has a low risk profile or is located in a modern building with superior security and fire protection, you pay a lower contribution with SME Flexi-Cover Plus.

Convenience and peace of mind
It can be difficult to remember when your coverage is up for renewal or to increase your coverage during seasonal or high-risk periods.

SME Flexi-Cover Plus relieves you of these burdens by:

• Automatically renewing your certificate(s) so you’re always covered
• Providing an automatic 25% increase in the Sum Covered to protect your stocks during festive periods
• Providing a simple, hassle-free signing-up process

Key Features And Benefits

Enjoy comprehensive protection for common misfortunes that a business is likely to face, such as:

• Damage caused by fire, thunderstorms, or earthquakes
• Damage or losses due to theft (burglary), personal assault, loss of money or glass breakage
• Legal liabilities from customers or employees who may sustain accidents on your premises

+ Fire Protection is an optional benefit. By choosing to take up Fire Protection as part of your package, you will stand to enjoy savings on your contribution for other coverage.

^ The Liability Protection section must be selected with the Crime and Asset Protection section upon signing-up. The Liability Protection section is not available as a stand-alone section.

Eligibility And Exclusions

SME Flexi-Cover Plus is designed for HSBC’s SME customers.

However, the SME Flexi-Cover Plus contract has some exclusions* and is not suitable for certain businesses. Full exclusion details are available in the actual Takaful Certificate.

* Full details are available upon request.

Additional Information

DISCLAIMER: This web page brochure is for general information only and is not to be construed as a Takaful contract. No consideration has been given to the particular circumstances or needs of any person. The exact terms, conditions, exclusions and definitions of the SME Flexi-Cover Plus Takaful Scheme are specified in the Takaful Certificate.

HSBC Amanah Takaful (Malaysia) Sdn. Bhd. manages the SME Flexi-Cover Plus Takaful Scheme and all claims and liabilities arising from the Scheme should be made to HSBC Amanah Takaful (Malaysia) Sdn. Bhd.

HSBC Bank Malaysia Berhad ('HSBC') is acting as an intermediary in the arrangement of this Scheme.

The information contained in this web page is not intended to provide professional advice. Any interested party should obtain appropriate professional advice when necessary. Whilst every care has been taken in preparing the information and materials contained in this online brochure, such information and materials are provided on an “as is” basis without warranty of any kind, either expressed or implied, in particular, no warranty regarding non-infringement, security, accuracy and fitness for a purpose is given in connection with such information and materials.

To the fullest extent permitted by law, in no event will HSBC or HSBC Amanah Takaful (Malaysia) Sdn. Bhd. be liable for any damages, losses or expenses, including without limitation to direct or indirect, special, incidental or consequential damages, losses or expenses howsoever arising from or in connection with this online brochure or its use thereof.

TAKAFUL SCHEME: Your contribution will be credited into a General Risk Fund (“Fund”), which HSBC Amanah Takaful (Malaysia) Sdn. Bhd. will invest and manage for the benefit of its participants according to Shariah principles. HSBC Amanah Takaful (Malaysia) Sdn. Bhd. will pay Takaful benefits subject to the Takaful Certificate, laws and Bank Negara Malaysia’s requirements.

HSBC Amanah Takaful (Malaysia) Sdn. Bhd. will be paid a Wakalah (agency) fee of 35% of the contribution amount and if, at the end of each financial year, there is a surplus, HSBC Amanah Takaful (Malaysia) Sdn. Bhd. will receive 80% of the surplus as incentive, with the balance of the surplus being reserved for distribution to participants of the fund subject to the Takaful Certificate, laws and Bank Negara Malaysia’s requirements.