Premium of RM5 (inclusive of applicable taxes and 25% commission) for each 1month’s coverage under this Policy will be charged when you:
(a) opt-in to the Shopping Secure insurance before payment completion of your purchases on the Atome Platform; or
(b) select Shopping Secure insurance under the “Home” tab in the Atome Platform.
By opting-in, you agree to an automatic renewal of your coverage and to being charged a premium each month (“Renewal(s)”), unless you choose to opt-out/cancel the coverage. The premium for your renewals will be charged to your selected Payment Method on the Atome Platform 24 hours before the expiry of the current Period of Insurance for which premium is paid (“Renewal Payment Date”).
For example, if you purchase Shopping Secure on 5 Jan 2025, your Period of Insurance will be from 5 Jan 2025 to 4 Feb 2025. On the 4th of each subsequent months, the premium of RM5 will be charged and your coverage will be automatically renewed for the next month. This continues each month unless you choose to opt out or cancel the coverage.