Small Bonds (RM75,000 and below)
Prevents monetary loss as a result of breach of contract, at a smaller scale.
Bonding is a kind of contract which normally comes in the form of either a Bank Guarantee or Insurance Guarantee. The guarantee is given by a Surety to accept responsibility for the performance of a contractual obligation entered into by one party with another in the event of former’s default.
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The benefit(s) payable under this product is (are) protected by PIDM up to limits. For more information, please refer to PIDM's Takaful and Insurance Benefits Protection System brochure on Zurich General Insurance Malaysia's website or PIDM's website.