Step 1 of 3

    NEXT Skip


    Step 2 of 3


    Step 3 of 3



Looking For a Home Insurance Policy? Choose From These 7 Options

  • Highlights

  • Coverage against losses due to man-made and natural calamities

  • High interest coverage ratio projecting greater financial strength

  • Payment for temporary accommodation

Home insurance covers your house against losses incurred due to burglary, fire, floods, earthquake and other natural or man-made calamities. Valuables like jewellery, cash, artworks, electronics, etc., are also protected. Additional benefits like rent for alternate accommodation, temporary resettlement, keys and lock replacement, liability cover, loss of rent, etc., are also provided.

Below is a list of the 7 best home insurance policies available in India selected on the basis of Incurred Claim Ratio (ICR) provided by IRDAI for the period of 2016-17.

1. Oriental Insurance Householder Policy

A public sector general insurance provider Oriental Insurance has a ICR of 112.11%. The Householder Insurance Policy offers coverage against fire, earthquake, burglary, and electrical and mechanical breakdown of gadgets. A total of 10 sections, it offers discounts of 15% and 20% for taking coverage under more than 4 and 6 sections respectively.

2. Shriram General Home Insurance

Shriram has a 102.57% ICR and is offering dwelling insurance covering the structure as well as anything attached to it like a garage, deck, or porch. It also covers built-in appliances and offers up-to 50% no claim bonus.

3. Bajaj Allianz My Home Insurance Policy

With an ICR of 70.41% Bajaj has emerged as one of the trusted brands in home insurance. Bajaj offers three home insurance plans - my home insurance, householders package policy, and easy householders package policy. Multiple covers are also available along with the mentioned plans to provide comprehensive coverage against major potential risks.
Additional Read: Consider These Things Before Buying Home Insurance

4. Reliance General Insurance

Reliance provides coverage for owned as well as rented house and personal property including jewellery, furniture, and electrical goods against fire, theft, flood, etc. Backed by ICR of 92.23% Reliance offers a host of complimentary services such as plumbing, pest control, and electronic goods repair assistance.

5. ICICI Lombard Home Insurance

ICICI home insurance secures your home against losses arising out of earthquake, floods, cyclones, storms, water seepage, burglary, terrorism, theft, etc. They are also offering a 50% discount on availing a long-term 10-year structure cover. According to an IRDAI survey ICICI has an ICR of 80.38%

6. Bharti AXA Home Insurance

Bharti AXA has an 86.84% ICR. Their home insurance policy provides cover against losses due to natural calamity or man-made events like fire, strike, malicious and terrorism damage (optional cover), explosion, etc. The policy also covers legal liability arising due to injuries/death of third parties and workmen, arising out of and during the course of employment.


IFFCO Tokyo offers two home insurance plans - Home Suvidha policy and Home Family Protector policy. They mainly provide cover against - natural calamities, personal accident, foundation and structural damages, electrical and mechanical damages to appliances. IFFCO Tokyo has a ICR of 81.96%.

To know how to select the best home insurance plan for you, contact Bajaj Finserv.

Disclaimer - *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 Finance Limited does not underwrite the risk. IRDAI Corporate Agency Registration Number CA0101. The above mentioned benefits and premium amount are subject to various factors such as age of insured, lifestyle habits, health, etc (if applicable). BFL does NOT hold any responsibility for the issuance, quality, serviceability, maintenance and any claims post sale. This product provides insurance coverage. Purchase of this product is purely voluntary in nature. BFL does not compel any of its customers to mandatorily purchase any third party products.”

Please enter your full name as per PAN
Enter your 10-digit mobile number
Please enter your pin code
Please enter city
Please enter your State

How would you rate this article

 Please let us know why?

What did you dislike?

What did you dislike?

What did you like?

What did you like?

What did you like?

Next up


Consider These Things Before Buying Home Insurance