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.
Here are the key features and benefits of the policy:
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.
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.
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.
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.
This policy covers the policyholder’s home against loss incurred from burglary and theft.
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.
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 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.
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
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.
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.
Here are the steps to purchase the policy:
Here how you can process a claim:
Here are some of the exclusions under the policy:
Note: Refer to the policy brochure to know further exclusions in detail
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 – firstname.lastname@example.org
Mailing address:Ground Floor, Bajaj Finserv Corporate Office, Off Pune-Ahmednagar Road, Viman Nagar, Pune – 411014.
*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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