Property Insurance

We have a policy to protect your properties under various uncertainties. The policy includes all types of properties. The risk with this policy covers nearly almost all kinds of natural calamities along with Impact damage, aerial damage, RSD/MD/ST risk, theft/burglary, explosion/implosion damage, self-combustion, and Missile Testing Operation damage.

Main Risk Coverage:

  • Fire, Lightning
  • Earthquake
  • Storm, Typhoon, Hurricane
  • Water Damage, Snow, Frost, Hail Storm, Flood, Inundation
  • Landslide, Subsidence
  • Rockslide
  • Impact Damage
  • Aerial Damage
  • RSD/MD/ST Risk
  • Explosion/Implosion Damage
  • Self Combustion
  • Missile Testing Operation Damage
  • Theft (House Breaking), Dacoity

How to buy property Insurance?

Short Period Premium Rate:

  • Up to 1 month: 15%
  • Up to 3 months: 40%
  • Up to 6 months: 70%
  • Up to 9 months: 85%
  • Above 9 months: full premium applicable

Extra Coverage:

  • Architect, Engineer, and Surveyor’s Fee up to 3% of claim amount within the sum insured
  • Debris removal up to 10 lakhs or 10% of claim amount whichever is lower within the sum insured
  • GPA coverage for 5 persons within the insured house premises (under house insurance policy only)

Proposal Form:

  • The proposal form must be filled up properly by the insured with all details of the property to be insured
  • No blank space, no symbol, no sign to be used
  • The loanee should fill up the proposal on behalf of the financial institution
  • Site inspection is compulsory before issuing policy for valued policy and reinstatement policy

Download policy here.