AVIATION FUELLING LIABILITY INSURANCE

PRODUCT DISCLOSURE SHEET

AUGUST 2015

IMPORTANT NOTE
Read this Product Disclosure Sheet before you decide to take out the Aviation Fuelling 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 your aircraft against loss or damage arising out of an accident involving the fuelling of an
aircraft.

2) What are the cover / benefits provided?

This policy will pay for damages due to bodily injury or property damage caused by an accident arising out of or in
connection with your business as suppliers of aviation fuel, including the fuelling and/or defuelling of aircrafts at
designated locations.

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;
Measures taken during fuelling and/or defuelling of aircrafts;
Level of Acquisition costs/Tax;
Loss/Incidents;
Other risks factors may also be taken into consideration:
Turnover;
Type of aircrafts handled;
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%

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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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
Non-Payment of Premium:
In the event of non-payment of premium by you this policy may be cancelled by or on our behalf
provided 10 days notice is given to you at your last address.
If this policy is cancelled us or our authorised agents, we reserve the right to demand payment of
premium from you for the period this policy has been in force calculated at pro rata of Premium as set
out in the schedule.

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.)
This policy does not cover the following:
Property damage to property owned by, rented to, occupied by or in the care custody or control under you
Liability under any applicable law governing road traffic
Bodily injury or property damage caused by any ships, vessels, craft or aircraft owned, chartered, used or
operated by or on account of you
Liability under any employers liability or workmens compensation law
Any legal liability assumed by you under any contract or agreement
Bodily injury or property damage which at the time of the occurrence causing such bodily injury or property
damage is insured

7) Can I cancel my policy?

You may cancel your policy by giving us written notice. If you cancel this policy, we shall retain the short rate
premium for the period that this policy has been in force, calculated in accordance with the customary scale. If we
cancel this policy, we shall retain the pro-rata premium for the period that this policy has been in force. Our
notice of cancellation shall be effective even though we do not make payment or tender of return of premium.

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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