When it comes to home insurance, India has traditionally lagged behind. However, buying a home insurance policy is something that should be on top of your list as soon as you have settled into your new home. After all, you’d want nothing but the best home insurance policy in India to ensure that your new home remains secure for many years to come.
After all, the safety of your family is at stake, not to mention the lakhs and crores of rupees you have invested in your dream home. House insurance gives you a measure of certainty in an otherwise uncertain world.
Here’s how Bajaj Allianz Home Insurance gives your home long lasting protection:
Fires, earthquakes, floods, landslides- things that mere boundary walls and barricades cannot hold at bay- have the potential to wipe out entire neighbourhoods. Even if the intensity of such natural disasters is less, a slight tremor or short spell of heavy rain can damage expensive electronic devices and other appliances in your house permanently.
The risk of riots, theft or burglary cannot be fully discounted, either. A home insurance policy can be a silver lining in every adversity, whether natural or manmade.
Whether you’re a tenant in a major metro or a small town, a house insurance policy can help you protect your belongings against a whole gamut of eventualities. Even if you prefer a minimalist lifestyle, with house insurance, your personal property such as laptops, televisions, furniture and other appliances are in safe hands.
If you cannot make up your mind whether to insure your home or its contents, cover both. This gives you the benefit of comprehensive coverage in an emergency and gives you complete peace of mind. Of course, if you’re a tenant, you also have the option of insuring your contents.
Do you worry about whether your doors are safely locked when on vacation? We understand. The thought of burglars sneaking into your home can ruin the holiday mood. With Bajaj Allianz Home Insurance, you can get instant freedom from these compulsive thoughts. Bajaj Allianz Home Insurance secures your home and belongings from a variety of risks, even when you’re travelling away from home for an extended period of time.
‘’Is the price right?” is a fair question to ask. After all, it determines whether a purchase is justified or not. Well, we have taken special care to ensure that our Home Insurance coverage is affordable while providing comprehensive coverage for your needs. You can safely tick off the ‘cost’ checkbox on your list of key attributes for house insurance. Our Home Insurance premium is competitive and value for money.
Let’s face it. There are a lot of due dates that you have to keep up with at any given point in time. You might have a dozen reminders set up to remind you of those. We’re sure home insurance premium and renewal and premiums are on the list too. But, times have changed and so should you. At Bajaj Allianz, we’ve done away with the need for constant renewals. You can choose Bajaj Allianz My Home Insurance Policy for upto 3 years and bid goodbye to the old fashioned way of renewing annually.
We give you unmatched convenience at an unbeatable price. Our competitive home insurance premium rates will leave you pleasantly surprised.
Actions, they say, speak louder than words. We know you like good deals and we don’t want to disappoint you either! Comprehensive house insurance with deep discounts gives you the best of both worlds. With Bajaj Allianz, you can avail up to 20% discount on total home insurance premium, relieving the pressure on your wallet.
Owning your own home is both a privilege and a responsibility. Signing the purchase deed is just the beginning. Before you can call your home a home, there’s a lot of work to be done. It is a process that can be as gratifying as it is back breaking. Poring through interior design magazines, consulting painters and designers, buying distinct art pieces from near and far and finally putting it all together into a wholesome ensemble can take many weeks, if not months.
Of course, no plan survives first contact with reality. You may still have to move the furniture around and tweak the lighting a few more times to get that perfect ambience before you are ready to throw open the doors to family and friends.
And a cause for celebration, it well and truly is! After all, you’ve brought a space that you can finally call your own; a matter of pride for most people. Considering the risks involved, you’d want to buy house insurance as soon as possible.
All you need to know about your home insurance policy.
Secure your home and the contents inside it
Losing something valuable is always followed by a bout of sadness and despair. After the initial stage of shock wears off, you may have to do some strong willed stock taking of the loss incurred. With Bajaj Allianz House Insurance, you’re assured of total peace of mind in terms of the financial impact of such losses. You might wonder as to the basis on which the extent of coverage is determined. After all, you’d expect good returns on the home insurance premium that you pay.
We offer 4 plans under Bajaj Allianz Home Insurance. They are as follows:
Indemnity Basis Plans: This implies that damage or loss to the insured property or item is compensated after a deduction for wear and tear.
Reinstatement Value Basis Plans: Here you get an identical replacement for the damaged article. Note, however, that the value and specifications of the replacement will essentially be equal to the one damaged, not any higher.
New for Old Basis Plans: The replacement cost is paid in full for items damaged beyond repair.
Agreed Value Basis Plans: Agreed value basis means the loss will be settled by us on the value of the property or content agreed by the insured at the time of purchasing the insurance policy.
|My Home Insurance||BUILDING INSURANCE (STRUCTURE)|
|Agreed Value Basis
|Reinstatement Value Basis
(Flat / Apartment / Independent Building)
(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.|
Just like a fresh coat of paint that protects the exterior of your home from the elements, our all-in-one Home Insurance cover gives your home and its contents, lasting protection. With Bajaj Allianz Home Insurance, you can live stress-free knowing that in an emergency; your expenses will be taken care of.
Whether due to a bolt of lightning or a stray cigarette butt, a fire is perhaps one of the biggest threats to your home and family. Within hours, a raging inferno can ravage property worth lakhs of rupees despite concerted efforts by fire-fighters to put it out. Bajaj Allianz Home Insurance covers the costs of repair and/or reconstruction of such property.
Predicting natural disasters like earthquakes is best left to the experts, however, with Bajaj Allianz Home Insurance you can hedge against the risk of damage to property. The costs of rebuilding a home can be prohibitive, all things considered. From obtaining the necessary municipal approvals to buying construction material and labour, you might need to spend many times more to rebuild a house than it cost originally. For a nominal home insurance premium, you can secure your home from such losses.
Bajaj Allianz House Insurance is your trusted ally when it comes to rebuilding your home and life by mitigating the financial impact of a tragic earthquake.
In the dead of the night, your home may be at risk of theft or burglary. Even if you always bolt the doors and secure the windows of your home, its security cannot be left to chance. Bajaj Allianz Home Insurance Policy covers your home against loss from burglary and theft, adding an extra layer of protection that you and your family truly deserve.
If you’ve been putting off your vacation because of fears about the safety of the high value contents of your home, you can finally relax! Bajaj Allianz Home Insurance covers items such as home entertainment systems, computers and their peripherals and a host of other household appliances.If you have an enviable collection of paintings, sculptures or even professional equipment such as cameras, we’ve got you covered.
Family jewellery and other valuables carry a lot of sentimental value. They represent a legacy handed down over many generations and deserve to be cherished and treasured for the aesthetic beauty and grace they embody. Choose Bajaj Allianz House Insurance to protect those priceless works of art that you may have carefully preserved away from the gaze of the world!
Let’s face it! The odds of a natural or man-made disaster can be beaten only a certain number of times. If you have to temporarily evacuate your insured house or residential property due to an emergency, Bajaj Allianz Home Insurance add-ons takes care of the costs incurred on alternate accommodation as well.
One size does not fit all, we know! That’s why with Bajaj Allianz House Insurance you get a range of customizable add-on covers that ensure foolproof protection for your home. In an emergency, you can count on us to offer more than just comforting words; our add-ons make sure that the cost of any stolen or damaged valuables is made good for a slightly higher home insurance premium.
Owner or tenant, our House Insurance plans are a snug fit for your needs. If you’re living in your own house, choose our comprehensive plan to secure your home and its contents from a variety of threats, both natural and man-made. If you’re quite the nomad, don’t worry! You can opt for our contents-only Home Insurance cover and breathe easy.
Easy and hassle free, convenient way to buy home insurance online.
Very professional, fast and simple claim process of home insurance!
I had a word with Bajaj Allianz executive and he explained me everything about the Home insurance which is appreciated.
Flexibility of opting for a cover from 1 day to 5 years
Sum Insured Reinstatement for Contents
At its most basic, a home insurance policy covers your home and its contents against natural and man-made calamities such as earthquakes, floods, fire, theft, burglaries and any other risks your residential area might be prone to. A home insurance policy provides a veritable shield of protection to your home and everything in it, that you hold dear.
Property insurance gives you the best of both worlds, coverage for your property structure as well as its contents, Fire, burglary, flood, theft, etc. have now lost their power over you! Ofcourse, you can also cover just the contents of the house that you have rented as well.
Rain or shine, your house goes through a lot of wear and tear over the years. From electrical fittings to accidents involving furniture, My Home Insurance policy covers you against a variety of risks to your property and/or content such as fire, burglary, theft, accidental damage and natural calamities.
If you glance at your safe furtively every time a stranger visits your house, you’re not alone. Bajaj Allianz house insurance covers high value works of art, jewellery and other valuable items in your home. If your property is unliveable for a certain period due to any damage sustained, our home insurance add-on covers the costs of renting an alternate accommodation until the property is fixed again.
Well, it really depends on how the damage was caused, as per the findings of our assessors. Documents required may include a fire brigade report along with the claim form duly filled and signed. As is obvious, in case of a theft, an FIR would need to be lodged and provided to us. In any situation, the claim form is a mandatory document to process the claim under the terms of the Home Insurance Policy
Great question! Since we’ve discussed the basis for calculating sum insured in the aprevious section, let’s see how it works in practice. The Sum Insured (SI) for the structure can opted for on the following basis:
1. Flats/Apartments - Agreed Value basis or Reinstatement basis or Indemnity basis
2. Individual Buildings/Bungalows - Reinstatement basis or Indemnity basis
SI for Content can be opted for on New for Old or Indemnity basis.
Of course, if you need to increase the Sum Insured for your home under your existing Home Insurance policy, all you need to do is exercise the Escalation clause whereby at an additional premium not exceeding 25%, your coverage can be boosted. For E.g. the SI is INR 10L and you opt for an Escalation clause of 25%. The SI increases as each day passes by and on the last day of the policy the SI will be 12.5L.
Note: Escalation clause is available only on Building SI chosen on the basis of RIV and Indemnity basis.
What’s precious to you is precious to us. We leave nothing to chance in securing your jewellery, curios and works of art. Coverage is based on the valuation report provided by a government approved valuer and approved by us.
Unfortunately, curios can only be covered when they are stored or present in your building.
Thank You for Your Interest in Bajaj Allianz Insurance Policy, A Customer Support Excecutive will call you back shortly to assist you through the Process.
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