My Home Insurance Policy

We protect what you love

Top-up health protection for extra coverage

Why Bajaj Allianz My Home Insurance?

Home is where your heart belongs. Your house is the centre of your world, a priceless investment and a vault for a thousand memories, all bundled into one. This makes your home an unrivalled asset. However, there could be times when your abode would be vulnerable to many a risk and contingency.

At Bajaj Allianz, we understand the need to safeguard your home and have accordingly come up with the unique My Home Insurance All Risk Policy that is specially designed to provide formidable coverage to your house, the contents inside it and other valuables.



As your preferred home insurance solutions provider, protecting your home is our priority. And that is why; we bring you the simple yet extensive insurance cover you deserve that is also affordable at the same time.

What about renewal?

Renewing your home insurance policy is a necessity, for this simple step of yours will restore the sum insured and kickstart comprehensive coverage all over again. However, it’s good to know the little nitty gritty of it.

Renewing your home insurance policy is a necessity, for this simple step of yours will restore the sum insured and kickstart comprehensive coverage all over again. However, it’s good to know the little nitty gritty of it.

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We offer a whole lot when it comes to My Home Insurance policy

Key Features

My Home Insurance policy is applicable for all home owners, landlords, and tenants of a rented house with its range of features:

Contents cover

Portable equipment cover

Jewellery and valuables cover

Curios, works of art and paintings cover

Burglary cover

Building Cover

Worldwide Cover

To know more about our top-up health insurance plans, watch this video:.

To register the claim

Claim intimation through Call

LET’S SIMPLIFY HOME INSURANCE, SHALL WE?

Who is eligible to buy My Home insurance policy?

How to assess the value of my home structure and its contents?

What is My Home Insurance?

What is property insurance?

What are the exclusions under My Home insurance policy?

What are the documents needed to file a claim for My Home Insurance?

The documents needed for home insurance claims depends on the peril due to which the damage was caused since that can be presented as evidence. If there was a fire, you would need to present a fire brigade report along with the claim form duly filled and signed, whereas, if there was a theft, an FIR would need to be lodged and its details should be provided to us. In any case, the claim form is required to process the claim.

How do I calculate my sum insured?

You can calculate the sum insured for your home and its contents either on an agreed value basis, reinstatement basis or an indemnity basis.

Can I increase my sum insured (SI)?

Yes, you may increase the sum insured for your home during the tenure of the policy by opting for an escalation clause at an extra premium not exceeding 25%. For example, the SI is Rs 10 lakh and you opt for an escalation clause of 25%. The SI increases day by day and on the last day of the policy, the SI will be Rs 12.5 lakh.

Note: Escalation clause is available only on building SI chosen on the basis of reinstatement and indemnity basis.

How do I cover jewellery, curios and works of art?

The sum insured for jewellery, curios and works of art shall be decided based on the valuation of the items be done by a government-approved valuer and approved by us.

Can I cover curios if I travel with them?

No, curios can only be covered when they are stored or present in your building.

Can I cover my entire building or society under My Home Insurance policy?

No, an entire society or building cannot be covered under My Home Insurance plan.

What is the type of properties that aren’t usually covered by home insurance policies?

The following type of properties are not covered under our My Home Insurance policy:

  • Under construction property
  • Land and plots
  • Shops and other commercial spaces
  • Kutcha’ constructions
  • Residences that also double up as offices and vice-versa

OUR HAPPY CUSTOMERS!

Radha Ganesan

It was good experience with sales manager while purchasing the product.

KARTHIK S

Sales executive was very informative, suggested the best policy for my home. Excellent support received.

RATTAN KOTWAL

Very Efficient service and back-up of Home Insurance.

Securing your house is just a click away.

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Get additional protection for your home and its contents with our wide range of add on covers.

Your home is special and we want to add value to its protection with our various add-on covers:

Important points to note before buying my home insurance

Sum Insured for Building

On Agreed Value Basis
Sum Insured = Total sq. feet (as mentioned in the Sale Deed) * Price/sq. feet (for specified location)

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 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).

On Indemnity Basis
This figure is based on the Replacement Value of insured items as New (without allowance for modification, wear and tear, and depreciation).

Sum Insured for Jewellery and Valuables
For jewellery and valuables that are valued up to Rs. 2 lakh 50 thousand for Gold Plan, Rs. 5 lakh for Diamond Plan, and Rs. 10 lakh for Platinum Plan, you will have to provide a list of the items with full description and market value.

You will have to furnish a valuation report from the valuer that has been approved by Bajaj Allianz. Sum Insured will be on two bases: Full sum insured and loss limit basis.
Loss limit options include:
1. 25% of total sum insured
2. 40% of total sum insured

Sum Insured for works of art, painting and curios
Sum insured will be on Agreed Value Basis, based on valuation report from the valuer that has been approved by Bajaj Allianz.

Amid a range of other policies that are doing the rounds in the market, there are features to our policy that set us apart from our peers and rivals alike. After all, your need for safety (read insurance) is our command.

✓ My Home Insurance All Risk Policy provides coverage to your house, and the contents inside it that you deem valuable for a period.

✓ You may have a penchant for jewellery. Or maybe you are an art aficionado. Whatever the need, we have got you covered through thick and thin. With our All Risk Insurance Policy, get coverage for your jewellery, works of art, paintings, curios and other personal valuables under a single cover.

That’s because insuring them preserves your legacy for the next generation.

✓ Over a period of time your home takes on a distinct identity that reflects your taste and personality. Choosing to protect one household item over the other can become a difficult proposition. That’s why we do not ask for a list of contents from you, in case the sum insured exceeds Rs. 5 lakh.

✓ Travel might suddenly feature on your priority list, be it for business or leisure. We know how unnerving it can be if you lose or end up damaging precious valuables or equipment. The agony just piles faster if the damage is caused while you are still on foreign shores. Keeping this thought in mind, we have designed our policy to provide worldwide coverage for your jewellery, valuables and portable equipment upon payment of a nominally higher premium.

So the next time you think of travel, think of Bajaj Allianz.

✓ We will restore the entire sum insured for contents in a policy year it gets exhausted because of a claim. All you need to do is let us know. We will take care of the rest.

✓ Should your contents, jewellery, paintings, works of art, curios and other valuables have been insured for less than their true value on Agreed Value Basis, we will be happy to waive off the Condition of Average.

We love to go the extra mile to secure your belongings!
Our All Risk Policy is tailored to suit your needs. Exactly why you can sign up for it for anywhere between a day to 5 years.

My Home Insurance BUILDING INSURANCE (STRUCTURE)
Agreed Value Basis
(Flat/ Apartment)
Reinstatement Value Basis
(Flat / Apartment / Independent Building)
Indemnity Basis
(Flat / Apartment / Independent Building)
CONTENTS INCLUDING PORTABLE EQUIPMENTS New For Old Basis (Excluding Jewellery and Valuables, Painting, Works of Arts and Curios) PLATINUM PLAN -I
Flat/Apartment Insurance - Agreed Value Basis + Contents - New For Old
DIAMOND PLAN -I
Flat/Apartment/Building- Reinstatement Value Basis + Contents - New for Old Basis
GOLD PLAN -I
Flat/Apartment/Building - Indemnity Basis + Contents- New for Old Basis
Indemnity Basis (Excluding Jewellery and Valuables, Painting, Works of Arts and Curios) PLATINUM PLAN -II
Flat/Apartment Insurance - Agreed Value Basis + Contents - Indemnity Basis
DIAMOND PLAN -II
Flat/Apartment/Building - Reinstatement Value Basis + Contents - Indemnity Basis
GOLD PLAN -II
Flat/Apartment/Building - Indemnity Basis + Contents - Indemnity Basis
Portable Equipments Coverage Inbuilt Coverage : India Coverage Extension On Payment of Additional Premium :Worldwide
JEWELLERY, VALUABLES, CURIOS Etc. Jewellery, Valuable, Curios, Paintings & Work of Arts For Jewellery & Valuables: Inbuilt Coverage : India Coverage Extension On Payment of Additional Premium :Worldwide
ADDITIONAL BENEFIT Rent for Alternate Accommodation and Brokerage i) Rent for Alternate Accommodation
a) 0.5% of the Flat/Apartment Sum Insured or
b) Actual Rent whichever of (a) and (b) is less subject to a maximum of Rs.50,000 per month, for the period until the Completion of Reconstruction or 24 months whichever is less
ii) Actual Brokerage payable not exceeding one month rent
i) Rent for Alternate Accommodation
a) 0.3% of the Flat/Apartment Sum Insured or
b) Actual Rent including Brokerage whichever of (a) and (b) is less subject to a maximum of Rs.35,000 per month, for the period until the completion of Reconstruction or 24 months whichever is less
ii) Actual Brokerage payable not exceeding one month rent
-
Emergency Purchases Rs.20,000 or actual amount whichever is lower
NOTE Options To Insure Insured has the Option to insure either Flat/Apartment/Independent Building Only OR Contents Only OR Both.
POLICY PERIOD Options For Policy Period i) Short Term Policy up to 15/30/60/90/120/150/180/210/240/270 days
ii) Annual Policy of 1 Year/2 Years/3 Years/4 Years/5 Years
(Note: For all policies Policy Period for all opted covers shall be identical)
ADD ON COVERS Add On Cover For All Plans 1) LOSS OF RENT
2) TEMPORARY RESETTLEMENT COVER
3) KEYS & LOCKS REPLACEMENT COVER
4) ATM WITHDRAWAL ROBBERY COVER
5) LOST WALLET COVER
6) DOG INSURANCE COVER
7) PUBLIC LIABILITY COVER
8) EMPLOYEE'S COMPENSATION COVER
Standalone Cover for Jewellery & Valuables and / or Curios, Paintings & Work of Arts cannot be Opted unless Contents are Insured.

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Disclaimer

I hereby authorize Bajaj Allianz General Insurance Co. Ltd. to call me on the contact number made available by me on the website with a specific request to call back at a convenient time. I further declare that, irrespective of my contact number being registered on National Customer Preference Register (NCPR) under either Fully or Partially Blocked category, any call made or SMS sent in response to my request shall not be construed as an Unsolicited Commercial Communication even though the content of the call may be for the purposes of explaining various insurance products and services or solicitation and procurement of insurance business. Furthermore, I understand that these calls will be recorded & monitored for quality & training purposes, and may be made available to me if required.