Bajaj Allianz My Home Insurance

Buying the home of your dreams may seem like a happy ending but it’s complete when you have it covered against natural calamities and unforeseen losses. Renting or owning a home with broken or damaged belongings may not be easy on your pockets and be a major cause to drain your finances. The best home insurance plan offers the accurate value of both your home and its contents with affordable premium rates thus securing your most valued asset.

To help you protect your dream home, Bajaj Allianz General Insurance offers My Home Insurance Plan which is suitable for all kinds of homes with reasonable premium rates.


Key Features and Benefits

The Bajaj Allianz General Insurance My Home Insurance Policy comes with the following features and benefits:

  • Contents cover

    This policy covers losses/damages to your furniture and fixtures, electronic items, 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 to ‘portable equipment’ anywhere in India. This cover can be extended globally by paying an additional premium.

  • Jewellery and valuables cover

    This policy covers accidental loss or damage to ‘jewellery and valuables’ anywhere in India. This cover can be extended globally by paying an additional premium.

  • Curios, works of art and paintings cover

    This policy covers accidental loss or damage to ‘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 from burglary and theft.

  • Building cover

    This plan consists of building cover that offers benefit for emergency purchase of food, clothing, medicines, and daily essentials worth up to Rs. 20,000.

  • Worldwide cover

    This plan offers extensive coverage within India and tries to minimize your losses. On payment of a nominally higher premium, the insured can enjoy 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 source your own.

  • Additional Cover:

    The Bajaj Allianz General Insurance My Home Insurance Plan comes with the additional cover as follows:
    • Loss of rent
    • Temporary resettlement cover
    • Keys & locks replacement cover
    • ATM withdrawal robbery cover
    • Lost wallet cover
    • Dog insurance cover
    • Public liability cover
    • Employee's compensation cover

Policy Details

There are three plans under Bajaj Allianz General Insurance My Home Insurance Policy:
Sum insured of each of these plans are given below:
• Agreed Value Basis:
On Agreed Value Basis
Sum Insured = Total sq. feet * Price/sq. feet
• Reinstatement Value Basis
On Reinstatement Value Basis
Area of the building (sq. feet) * Present-day cost of construction in the locality * (1+Escalation % chosen)
• Indemnity Basis
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 x Age of building, with final depreciation rate not exceeding 70% in aggregate).
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
For jewellery and valuables that are valued up to Rs. 2,50,000 for Gold Plan, Rs. 5 lakh for Diamond Plan, and Rs. 10 lakh for Platinum Plan, the insured will have to provide a list of the items with full description and market value.
Sum Insured for works of art, painting and curios
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

The My Home Insurance Policy is eligible for the below:

• Any Owner Occupant of/ Person having an insurable interest in Flat / Apartment / Independent Building which is not of *Kutcha Construction can purchase this insurance policy for the Building and/or Contents and Jewellery & 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 & Valuables, Works of Art, Curios and Paintings” in the flat/Apartment/Independent building occupied by them for residential purpose.
• Any Organization/Entity/Firm which is the owner of/ has an insurable interest in, Flat / Apartment / Independent Building used for residential purpose of its own employees/business partners/contractors/invitees which is not of *Kutcha Construction 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

*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?

To buy the Bajaj Allianz General Insurance My Home Insurance Policy please follow the below steps:

  • Fill the Proposal Form stating all required details.
  • Ensure that the information given in the Proposal Form is complete, accurate and sign the Proposal Form.
  • Submit all documents which are mandatory such as Proposal Form, Certificates related to possession of house etc.
  • To avail my home insurance cover, the premium will have to be paid to the insurer before the commencement of the risk.

The process to register the claims

  • The insured can make a claim intimation by either calling BFL helpline number 08698010101 or call 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 is to the customer. The customer then has 7-15 working days to arrange the same.
  • After the receipt of documents, the loss adjuster submits 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

The Bajaj Allianz General Insurance My Home Policy does not cover loss or damage to the insured property by or due to or arising from:

  • The deductible of First 5% of every claim about the Portable Equipment/Portable Items subject to a minimum of Rs.2,500 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 to Firearms by Rusting, Bursting or any other cause
  • Loss or damage 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.
  • Refer to the policy brochure to know further exclusions in detail.

Claim/Assistance Contact Details

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 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.