3.1 Crore+
Happy Customers
Covers Home Structure
Worth upto ₹10 crore
Attractive Discounts
Up To 45%* Off
Covers Home Belongings
Worth upto ₹50 lacs
Bharat Griha Raksha Policy is a standard home insurance policy that offers long‐term protection for both the structure and contents of your home for up to 10 years. It safeguards your house and belongings against financial losses arising from fire, theft, natural calamities, and other unforeseen risks, ensuring comprehensive protection for your residential property.
Introduced by the Insurance Regulatory and Development Authority of India (IRDAI) on 4th January 2021, Bharat Griha Raksha is an affordable and transparent home insurance solution. From 1st April 2021, IRDAI mandated all general insurance companies in India to offer this standard home insurance policy, making it easily accessible to homeowners across the country.
With the Bharat Griha Raksha Policy, you can opt for coverage for both your home structure and contents or choose a contents‐only cover based on your needs. The policy also includes protection against terrorism‐related damages and offers additional benefits such as loss of rent and rent for alternate accommodation, ensuring uninterrupted financial support during difficult times.
Bharat Griha Raksha Policy is one of the most affordable home insurance policies introduced by the IRDAI (Insurance Regulatory and Development Authority of India). This standard home insurance policy was introduced on 4th January 2021, and the IRDAI made it mandatory for all general insurance companies to offer Bharat Griha Raksha to all their customers from 1st April 2021. Continue reading, to know all about Bharat Griha Raksha Policy coverage and how it helps protect your home.
A home insurance policy has certain limitations, and so, a few conditions remain out of coverage. These are known as the exclusions of the plan. Here are the exclusions of the Bharat Griha Raksha Policy:
a. Any intentional damage or loss to the home or due to wilful negligence
b. Damages or losses due to war
c. Damage to manuscripts, unlisted precious stones, etc.
d. The expense of the claim procedure
e. Damages are caused to electronic items due to short circuits or excessive pressure.
Bharat Griha Raksha policy is available for everyone, be it a rented house or your own home. Bharat Griha Raksha Policy premium is quite affordable as compared to various other home insurance plans. So, all those people looking to purchase low-premium home insurance can go for Bharat Griha Raksha. The plan also gives you the option to invest in a content-only insurance policy. So, as a renter, you can purchase the plan to secure the valuable contents of your home against calamities, theft, or fire.
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1
There are three types of coverages offered under the Bharat Griha Raksha Policy:
• Building structure
• Valuable contents of the house
• Optional covers for portable contents
2
One can purchase Bharat Griha Raksha for up to 10 years of the policy period.
3
No, as holiday homes and lodging do not come under the category of a residence/ home, they cannot be covered under home-building insurance.
4
No. The Bharat Griha Raksha policy does not have the feature of automatic renewal of the policy. So, to continue services, you must renew the policy before its expiry.
5
Due to several reasons, the renewal of the Bharat Griha Raksha policy may be rejected:
• Wrong information about the insured building and contents of the home
• Not disclosing the material used in construction.
• Fraudulent activities
• Not cooperating with the insurer.
6
Anyone who wants to purchase a standard home insurance policy can invest in Bharat Griha Raksha. Tenants can purchase the cover to secure the contents of the house, and homeowners can purchase it to cover either the building structure, contents, or both.
