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Bharat Griha Raksha Policy
Jan 9, 2024

Know These Policyholder Obligations When Buying The Bharat Griha Raksha Policy

Securing your home with insurance is paramount for safeguarding one of your most significant investments and ensuring financial stability in the face of unforeseen events. Home insurance provides a crucial safety net, covering damages from perils like fire, natural disasters, theft, or vandalism. In the event of a disaster, the financial burden of rebuilding or repairing your home can be overwhelming, making insurance a vital tool in mitigating these costs. Moreover, home insurance not only protects the physical structure but also extends coverage to personal belongings within the home. Beyond the tangible benefits, the peace of mind that insurance brings allows homeowners to navigate life's uncertainties with confidence, knowing they have a reliable financial fallback in times of need. Ultimately, securing your home with insurance is a prudent and responsible step towards ensuring long-term security and resilience. If you are a homeowner, it is crucial for you to consider the right sort of insurance for your property. This will allow you to have some peace of mind when it comes to securing your property. The Bharat Griha Raksha Policy offered by Bajaj Allianz General Insurance Company Ltd. is designed to provide comprehensive coverage for homeowners, safeguarding their property and belongings. However, being a policyholder comes with certain obligations to ensure a smooth and transparent insurance relationship. In this guide, we will delve into the specifics of the Bharat Griha Raksha Policy, its key clauses, and the responsibilities policyholders need to fulfil.

What is the Bharat Griha Raksha Policy?

The Bharat Griha Raksha, a policy designed for homeowners, is a contract between the policyholder and the general insurance provider. It covers the policyholder, their home building, and home contents against various perils, providing financial protection in the event of unforeseen circumstances. The policy comprises the Policy Document, Policy Schedule, Endorsements, Add-ons, and declarations made by or on behalf of the policyholder.

Policyholder Obligations of the Bharat Griha Raksha Policy

Duty of Disclosure:

  1. Full and True Disclosure: The policyholder is obligated to make full and true disclosure in the proposal and related documents. This includes providing all relevant information about themselves, their family, home building, and home contents. Failure to do so may mean having to face consequences at the later stages.
  2. Basis of Contract: The insurance coverage is provided based on the information disclosed in the proposal, statements, and other declarations. The policyholder must ensure the accuracy and completeness of the information, as it forms the basis of the insurance contract.

Obligation to Take Care:

  1. Maintenance of Property: The policyholder is required to keep the home building and home contents in good condition and well-maintained. It is essential to prevent visible and material faults or defects in the structure that could aggravate loss or damage in the event of an insured peril.
  2. Preventive Measures: Taking adequate care to prevent theft, loss, or damage to the property is the responsibility of the policyholder.
  3. Occupancy Control: The policyholder must ensure that unauthorised persons do not occupy the home building.

Inform Change in Circumstances:

  1. Address Change: The policyholder is obligated to inform the insurance company immediately if there is a change of address.
  2. Structural Changes: Any addition, alteration, or extension to the structure of the home building must be promptly communicated to the insurer.
  3. Change in Occupancy: If the home building is let out or no longer solely occupied by the policyholder, this change in use should be reported.

Allow Inspection and Investigation of Claim:

  1. Cooperation with Survey/Investigation: The policyholder must allow and cooperate with the survey and investigation of any claim. This includes permitting the inspection of the home building and home contents, taking photographs, and, if necessary, allowing scientific testing of affected items.
  2. Truthful Answers: During the claim process, the policyholder is obligated to answer all questions truthfully and completely. This includes submitting all relevant documents required by the insurer.

Make True Statements in the Claim:

  1. Truthful Information: The policyholder must provide true and full information in the claim and submit genuine documents. False information or the withholding of information may result in the insurer refusing the claim and potentially cancelling the policy. Claims are subject to terms and conditions set forth under the homeowner’s insurance policy.
The Bharat Griha Raksha Policy serves as a valuable shield for homeowners, offering protection against unforeseen events. To maintain a robust insurance relationship, policyholders must fulfil certain obligations, including the duty of disclosure, taking care of the insured property, promptly informing about changes, and cooperating during the claims process.* Understanding and adhering to these policyholder obligations ensures a transparent and effective insurance partnership. Additionally, for businesses falling under the Micro, Small, and Medium Enterprises (MSME) category, exploring specialised insurance coverage, such as MSME insurance, can provide tailored protection.   *Standard T&C Apply Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.

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