Machinery Breakdown Insurance

Machinery Breakdown Insurance provides comprehensive protection to your business equipment and machine

Provide compensation for any "unforeseen and sudden" physical loss or damage to your machinery.

Product Information

Sometimes, "unforeseen and sudden" physical loss or damage to your machinery may happen. In order to protect your machinery, Machinery Breakdown Insurance provide compensation for any "unforeseen and sudden" physical loss or damage to your machinery in accordance with the terms and conditions of our policy.

Features

• Provide indemnity according to the maximum limit stated at the policy to against your financial loss of machinery breakdown caused by accident.
  

Major Exclusion

• War, radiation contamination and business interrupt.

Governing Law of Policy: Hong Kong Special Administrative Law

For enquiries, please contact our customer service hotline 398 95559.

Note:

1. The above information is supplied by China BOCOM Insurance Co., Ltd. and is for reference only. Please refer to the full wording of the policy provisions published by China BOCOM Insurance Co., Ltd. for detailed terms & conditions and exclusions.
2. The insurance plan is underwritten by China BOCOM Insurance Co., Ltd. which is authorized by the Insurance Authority to provide general insurance business. Bank of Communications Co., Ltd. Hong Kong Branch is an appointed insurance agent of China BOCOM Insurance Co., Ltd.

Insurance Authority Premium Levy

Pursuant to the Insurance (Levy) Order and Insurance (Levy) Regulation, Insurance Companies will collect IA Premium Levy on insurance premiums from your insurance policies effecting from 1-Jan-2020 onwards. This is the legal obligation of policyholders to pay a levy when premium is paid. The levy will be collected by Insurance Companies and then remit to Insurance Authority as required by the law.

Details of levy can be referred to table below. For further information, please visit Insurance Authority Official Web https://www.ia.org.hk/.

Underwritten By

China BOCOM Insurance Co., Ltd.

Please visit the website of China BOCOM Insurance Co., Ltd. (www.cbic.hk) for more information about the China BOCOM Insurance Co., Ltd. or download the form which is applicable to this insurance plan.

Important Notice:
The insurance plan is a product of China BOCOM Insurance Co., Ltd. but not Bank of Communications Co., Ltd. Hong Kong Branch (the “Bank”). In respect of an eligible dispute (as defined in the Terms of Reference for the Financial Dispute Resolution Centre in relation to the Financial Dispute Resolution Scheme) arising between the Bank and the customer out of the selling process or processing of the related transaction, the Bank is required to enter into a Financial Dispute Resolution Scheme process with the customer; however any dispute over the contractual terms of the product should be resolved between directly China BOCOM Insurance Co., Ltd. and the customer.