Features

  • Peace of mind
  • Easy to apply
  • Superior service of a Bancassurance Specialist and RM
  • Eligible for protection by PIDM

How It Works

We offer a wide range of business insurance products: (please refer to product disclosure sheets and/or policy contracts for more details)

BIL Assist Plan Insurance (BAP) / Medical and Health Insurance (MHI)

This policy ensures your Outstanding Business Instalment Loan with the Bank (up to the maximum loan amount as specified in the Certificate of Insurance) is taken care of in the cases of Accidental Death, Permanent Disablement, Involuntary Unemployment and Critical Illness.

Commercial Assist Plan Insurance (CAP) / Medical Health Insurance (MHI)

This policy ensures your Outstanding Commercial Mortgage Loan with the Bank (up to the maximum loan amount as specified in the Certificate of Insurance) is taken care of in the cases of Accidental Death, Permanent Disablement, Involuntary Unemployment and Critical Illness.

Marine Cargo Insurance

This policy protects goods in transit by sea, air or land against loss of or damage caused by a wide range of perils.

Fire Insurance

Fire insurance is required to safeguard buildings owned by the business and their contents such as machinery, equipment, stock, furniture against damages caused by Fire and/or Lightning.

Burglary Insurance

This provides cover against theft of property e.g. stock-in-trade, office equipment, furniture, fixtures, fittings etc.

All Risk Insurance

All Risks Insurance provides cover for commercial property e.g. office furniture, fixtures and fittings. However, building and stock-in-trade are strictly prohibited.

Public Liability Insurance

Public Liability Insurance policy provides indemnity to you, up to the limit of liability, against all sums which you may become legally liable to third party due to accidents arising from the course of business occurring within territorial limits.

Machinery and Equipment Insurance

This policy provides cover for static machines / equipment for industrial use. However, building and stock-in-trade are strictly prohibited.

Equipment Insurance

This policy provides cover for mobile equipment that is not licensed for road use e.g. forklifts, excavators, mobile cranes, tractors.

Workmen's Compensation Insurance

This policy provides indemnity to you in respect of your liability to pay compensation to employees under Common Law or the Workmen's Compensation Act 1952 (Act 273) and its subsequent amendments, for death or injury at work.

Employer's Liability Insurance

This policy indemnifies you against legal liability in respect of any bodily injury or disease by accident sustained by your employees caused during the Period of Insurance and arising out of and in the course of employment by you in the business.

Foreign Worker Insurance Guarantee

Foreign Worker Insurance Guarantee is required by the Immigration Department under Regulation 21 of the Immigration Regulations from Employers as a security deposit for the employment of foreign workers in various sectors. In the event that any of the foreign workman(men) is/are to be repatriated to their home country, this insurance serves as a guarantee to the Director General of Immigration Department up to the maximum aggregate sum of the guarantee value. The Insurance Guarantee offered under this scheme does not include foreign maids.

Foreign Worker Compensation Scheme (FWCS)

This policy provides protection to all your foreign workers required by Section 26(2) of the Amended Act 1996 of Workmen's Compensation Act 1952.

Foreign Worker Hospitalization & Surgical Insurance Scheme (SKHPPA)

This policy is a yearly renewable hospital and surgical insurance scheme designed to reduce the financial burden of the employer of foreign workers in the event of hospital admission of their foreign workers to a Non-Corporatized Malaysian Government Hospital due to an accident or illness.

Group Personal Accident Insurance

Group Personal Accident provides coverage for accidental death or bodily injury and/or medical expenses of your employees, on a 24-hour worldwide basis.

Insurance for your Key Man

This policy covers the company against financial losses when it loses a key person within the company. The insurance coverage will depend on the type of insurance selected for their key man: Life Insurance, Medical and Health Insurance, or Personal Accident Insurance.

How To Apply

Contact 1300 888 111 and our Sales Executive / Relationship Manager or member of the SCB Bancassurance Team will contact you shortly.

Call Us

Call our hotline for further information.

1300 888 111

Get in touch

Alternatively, please complete our contact form and we will be in touch as soon as possible.

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Locate Us

Visit the branch that is nearest to you.

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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