Your insurance cover starts from the commencement date indicated by you in the proposal form or receipt of premium by us, whichever is later.

Rs. 70 per lack for fire & special peril and Rs. 240 per lack for burglary & theft.

Property valuation is done by multiplying the built up area of the property with the cost of construction per square feet.
Currently the cost of construction is taken as 700 /800 depending on the location of the property. This multiplier is arrived at by the experts in the field after conducting a market survey.

If you have a policy with two insurance companies, at the time of a claim both the insurance companies will pay on proportionate basis.

Yes, an entire society can be covered. However, if the contents are to be covered a separate policy will have to be bought from us .

Renewal notice for a home insurance policy is sent 30 to 45 days in advance of the expiry of the policy.

Yes it is covered only while it is within the residential premises.

Any resident Indian who is the owner and / or occupant of the property can purchase a Home Insurance Policy.

No there is no age limit to buy a home insurance policy

If you have financial interest in the property as owner or lesser then you can insure the property.

The following are the properties not covered under the Policy

• Property Under construction
• “Kutcha” construction
• Resident cum offices
• Land

FIR is mandatory in case of Malicious Damage Riot and Strike Terrorism
However it is not necessary in cases of:

• Flood
• Storm
• Earthquake
• Lightning
• Subsidence
• Impact Damage due to Aircraft Losses.

From the time the transfer of owner ship becomes effective, the policy stands cancelled & the insured ceases to be an insured under the policy. We will then refund the premium for the balance of the insured period.

The discounts available are:

• 24 hour security guard -5%
• Burglary alarm -5%
• Both -15%

A police FIR is mandatory in cases of:

• Burglary
• Theft
• Malicious Damage
• Riot and Strike
• Terrorism

Surveyor contacts the customer in 48 hours time. Claim form is sent to customer correspondence address within 7 working days time.

Yes, the company will pay a maximum of 1% of the total claims amount for debris removal.

Burglary is said to take place when there is a forceful entry in the premise in order to rob.
Theft is said to take place when there is a robbery without any evidence of a forceful entry in the premise.
Larceny is said to be when a known person in the premise has robbed or stolen the insured’s belongings.