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Bajaj Allianz My Home Insurance

Safeguard your home from losses or damages suffered due to natural calamities and unforeseen events. With the right home insurance policy, you can minimise the financial loss or get coverage for replacing the damaged contents.

To help you secure your home, Bajaj Allianz General Insurance offers My Home Insurance Plan, which is suitable for all kinds of homes. This policy offers the accurate value of both your home and its contents at affordable premiums, thus securing your most valued asset.

Key Features And Benefits

Here are the key features and benefits of the policy:

  • Contents cover

    This policy covers losses/damages caused to your furniture and fixtures, electronics, kitchen items, clothing and personal belongings as well as other products that you have insured.

  • Portable equipment covers

    This policy covers any accidental loss or damage caused to portable equipment anywhere in India. You can also opt for a global coverage for portable equipment by paying an additional premium.

  • Jewellery and valuables cover

    This policy covers accidental loss or damage caused to the jewellery and valuables anywhere in India. You can also get a global coverage for the same by paying an additional premium.

  • Curios, works of art and paintings cover

    This policy covers accidental loss or damage caused to the curios, works of art and paintings that are stored or lying in your building. The valuation of the items will be done by a government-approved valuer and approved by the insured.

  • Burglary cover

    This policy covers the policyholder’s home against loss incurred from burglary and theft.

  • Building cover

    In case of any damage caused to your building, this policy offers coverage for emergency purchase of food, clothing, medicines, and daily essentials worth up to Rs. 20,000.

  • Worldwide cover

    This policy offers extensive coverage within India and across the globe. On payment of a nominally higher premium, the insured can get worldwide coverage for portable equipment jewellery and other valuables.

  • New for old basis

    New for old cover means that your insurer either provides you with a brand-new laptop that has the same specifications (e.g. memory and functionality) as your old one or gives you the cash value of the new version, so you can buy one.

  • Additional cover

    The policy offers the following add-on covers:
    • Loss of rent
    • Temporary resettlement cover
    • Keys and locks replacement cover
    • ATM withdrawal robbery cover
    • Lost wallet cover
    • Dog insurance cover
    • Public liability cover
    • Employee's compensation cover

Policy Details

Here are three clauses under the policy:

• On agreed value basis

Sum insured = Total sq. feet*price/sq. feet

• On reinstatement value basis

Area of the building (sq. feet)*present day cost of construction in the locality*(1+escalation % chosen)

• On indemnity value basis

Area of the building (sq. feet)*present day cost of construction in the locality*(1+escalation % chosen)*(1 – depreciation at 2.5% p.a multiplied by age of building, with final depreciation rate not exceeding 70% in aggregate).

Here are the details of sum insured under the three plans:

Sum insured for contents

On new for old basis

This represents replacement value of insured items by a new item of same kind and capacity (without allowance for wear and tear and depreciation).

Sum insured for jewellery and valuables

Get coverage for jewellery and valuables that are valued up to Rs. 2.5 lakh under gold plan, Rs. 5 lakh under diamond plan, and Rs. 10 lakh under platinum plan. The insured will have to provide a list of the items with full description and market value to the insurer.

Sum insured for works of art, painting and curios

The sum insured will be on agreed value basis, based on a valuation report from the valuer that has been approved by the insured.

Eligibility Details

Here are the eligibility criteria:

• Any owner/occupant/person having an insurable interest in flat/apartment/independent building which is not of a *kutcha construction can purchase this insurance policy for the building and/or contents and jewellery and valuables, works of art, curios and paintings.

• Any tenant and other non-owners of residential structure having an insurable interest can insure the contents and jewellery and valuables, works of art, curios and paintings in the flat/apartment/independent building occupied by them for residential purpose.

• Any organisation/entity/firm that has an insurable interest in a flat/apartment/independent building used for residential purpose of its own employees/business partners/contractors/invitees can purchase this insurance for building and/or contents (excluding portable equipment/portable items) and/or works of art, curios and paintings within the insured premises owned by such organization/entity/firm. The construction should not be a *kutcha construction.

*Kutcha construction means buildings having walls and/or roofs of wooden planks/thatched leaves and/or grass/hay of any kind/bamboo/plastic cloth/asphalt cloth/canvas/tarpaulin and the like.

How to Purchase the Policy

Here are the steps to purchase the policy:

  • Fill the proposal form with all the required details.
  • Ensure that the information given in the proposal form is complete, accurate and signed.
  • Submit all the documents which are mandatory such as proposal form, certificates related to possession of house etc.
  • To avail of the policy, the premium will have to be paid to the insurer before the commencement of the risk.

How To Process A Claim

Here how you can process a claim:

  • The insured can make a claim intimation by either calling BFL helpline number 08698010101 or by calling the insurer’s helpline toll-free numbers 1800-209-0144/1800-209-5858.
  • Post this, a surveyor is appointed who conducts a visit for loss of assessments.
  • The claim is registered in the insurer’s system and a claim number is issued to the customer.
  • A survey is conducted within 48-72 hours (case to case basis) and a list of required documents is provided to the customer. The customer then has 7-15 working days to arrange the same.
  • After the receipt of documents, the loss adjuster who assesses and evaluates the damages sustained will submit the report to the insurer.
  • On the receipt of the report and documents, the claim is processed within 7-10 days (depending on the type of loss) via NEFT.

Major Policy Exclusions

Here are some of the exclusions under the policy:

  • The deductible of the first 5% of every claim on portable equipment/portable items is subject to a minimum of Rs. 2,500 and applicable to all annual policies
  • Damages which are pre-existing in nature (applicable to contents and building)
  • Manufacturing defects in electrical, mechanical and electronic items for which the manufacturer is responsible
  • Loss or damage caused to firearms by rusting, bursting or any other cause
  • Loss or damage caused to contents due to burglary or theft where the insured or any of the insured’s family member is alleged to be concerned or implicated
  • Expenses incurred for maintenance of electronic and electrical equipment and domestic appliances
  • Loss, destruction or damage to the contents or items in refrigerator/fridge or similar type of cold storage caused by the change of temperature

Note: Refer to the policy brochure to know further exclusions in detail

Claim/Assistance Contact Details

For claim/assistance, you can contact the insurer/us through one of the following ways:

BFL Helpline Number: 08698010101

Bajaj Allianz General Insurance Helpline Number: 1800-270-7000

E-mail –

Mailing address:Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014.

*For claim related issues, please refer to your policy document or Certificate of Insurance (COI).


*Conditions apply. This product is offered under the Group Insurance scheme wherein Bajaj Finance Limited is the master policyholder. The insurance coverage is provided by our partner insurance company Bajaj Allianz General Insurance UIN: IRDAN113RP0002V03201415.

Bajaj Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. BFL does not hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage.

Please refer insurer's website for policy wordings. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third-party products.

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