Malayan Insurance Negosyo Insure
Negosyo Insure is an insurance product designed especially for small business owners to protect them and their business from unexpected events such as accidents, fire, loss of money, and loss/damaged property.
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- Coverage
- Eligibility
- Purchase Malayan Travel Master with COVID-19
- Claims and Cancellation
- Contact Malayan Insurance
Coverage
Under Negosyo Insure Insurance, you and your negosyo are covered from the following:
| Coverage | Limit |
| Accidental Death | PHP 50,000 |
| Total Permanent Disability - Accidental Cause | PHP 50,000 |
| Disablement and Dismemberment* - Accidental Cause | PHP 50,000 |
| Medical Reimbursement - Accidental Cause | PHP 50,000 |
| Fire Cash Assistance | PHP 10,000 |
| Money, Securities and Payroll (Inside Premises only) | PHP 10,000 |
| Burglary and Housebreaking | PHP 10,000 |
*Subject to the schedule of benefits relative to the extent of the injury
**Money inside the premises only covers coined or physical money. This cover is for the loss of money or securities stored within the Insured’s business premises due to burglary or robbery.
Eligibility
You are eligible for Negosyo Insure if you are:
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A Filipino or legal Philippine resident
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18-64 years old
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A small business owner who owns a physical store. You are a small business covered by Negosyo Insure if you have:
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Less than 10 employees
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A business with a physical location that customers can visit
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Sample of Small Businesses include:
| Sari-sari stores | Water Refilling Station |
| Computer shop | Barbershop or Salon |
| Market Vendors with stall | |
Purchase Malayan Insurance Negosyo Insure
Note: You can buy Malayan Insurance Negosyo Insure for someone else but you cannot buy more than one policy per person.
The insurance cover will start at 12:00 PM Philippine Standard Time the day following the date of purchase and expire based on the coverage chosen thereafter. Depending on the period of coverage you have chosen, your coverage is renewable thereafter.
Negosyo Insure has a period of coverage of one (1) month, three (3) months, six (6) months, and one (1) year. Maximum of 1 COC per person at any given time and maximum of one (1) COC per household*
Claims and Cancellation
Claims
In the event of a claim, the insured shall notify the Company as soon as possible and the written notice of any possible claim must be given to the Company within thirty (30) days after the date of the incident. In the event of accidental death, loss of money inside the premises, and burglary and housebreaking, immediate notice thereof must be given to the Company. Malayan Insurance shall not be liable for any loss of which written notice has not been received by Malayan Insurance within one (1) month of the occurrence thereof, subject to the terms of the policy.
On your GInsure homepage, tap My Insurance and select your Negosyo Insure insurance. You will be redirected to the Malayan website’s "Claims Form” page. Attach all the necessary documents and submit the Claims Form.
General Requirements:
| Confirmation of Cover (Filled-out and signed) | Government-issued I.D./Company or School I.D. showing complete home address and signature of Insured, with photo |
Requirements for Accidental Death
| Affidavit of incident or notarized police report | NSO Death Certificate (original and authenticated) |
| NSO Marriage Certificate – if the beneficiary is the spouse | NSO Birth Certificate of the claimant – if the beneficiary is parent/child |
| NSO Birth Certificate of claimant and beneficiary – if the beneficiary is brother/sister | |
Requirements for Accidental Dismemberment and/or Disablement / Total Permanent Disability
|
Medical Certificate from a physician (if total disability) |
Picture of the claimant with the affected part |
Requirements for Medical Reimbursement
| Incident Report | Medical Certificate from hospital/ attending physician |
| Original Official Receipt | Hospital Billing Statement if confined |
Requirements for Fire Cash Assistance
| Barangay Certification* | Photos of damages or affected insured property |
*Barangay Certification must clearly indicate the address of the damaged property, the cause of loss or damage, and that the Insured is a resident of the damaged property.
Requirements for Money Inside Premises and Burglary and Housebreaking
| Barangay Certification* | Affidavit of Loss / Police Report |
| Valid I.D. of the claimant | Photos of damaged or affected insured property |
*Barangay Certification must clearly indicate the address of the damaged property, the cause of loss or damage, and that the Insured is a resident of the damaged property.
Upon submission of complete and accurate claim documents, Malayan Insurance will settle within ten (10) working days.
The amount for reimbursement is subject to the submitted official receipts for reimbursement and the limit of coverage. Items excluded from the policy will not be reimbursed.
Should you encounter issues or concerns, you may contact Malayan Insurance.
Cancellation of Policy
To cancel your Negosyo Insure policy, please contact Malayan Insurance. Please take note that your request is subject to review and approval.
Contact Malayan Insurance
To contact Malayan Insurance, please check out their available channels below:
- Hotline: +632-8628-8628 or +632-8242-8888 local 8628
- Email: csc@malayan.com
- Malayan Insurance Support form