Insurance
General Insurance
My Home Insurance All Risk Policy

At a Glance

To Keep Your Home and Its Contents Safe, Invest in a Home Insurance Policy.

My Home Insurance All Risk Policy: Homes are forever, this plan offers a risk cover for the building, contents, jewellery and valuables, works of art, curios and paintings under one single policy.

Sum Insured-

4 plans under Bajaj Allianz Home Insurance. They are as follows:

  1. Indemnity Basis Plans: This implies that damage or loss to the insured property or item is compensated after a deduction for wear and tear.
  2. 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.
  3. New for Old Basis Plans: The replacement cost is paid in full for items damaged beyond repair.
  4. 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.

Plans

BASIS OF INSURANCE

BULIDING (STRUCTURE) 

Agreed Value Basis (Flat/Apartment)

Reinstatement Value Basis (Flat/Apartment/ Independent Building)

Indemnity Basis (Flat /Apartment /Independent Building)

New For Old Basis (Excluding Jewellery and Valuables, Painting, Works of Arts and Curios) including portable equipment.

PLATINUM PLAN –I

DIAMOND PLAN –I

GOLD PLAN -I

Flat/Apartment - Agreed Value Basis + *Contents on New for Old basis

Flat/Apartment/Building- Reinstatement Value Basis + *Contents on New for Old Basis

Flat/Apartment/Building - Indemnity Basis + * Contents on New for Old Basis

*(Portable Equipment’s not older than 5 Years (excluding mobile phones), Mobile phones not older than 3 years and other contents not older than 10 years.)

Indemnity Basis (Excluding Jewellery and Valuables, Painting, Works of Arts and Curios)

PLATINUM PLAN –II

DIAMOND PLAN –II

GOLD PLAN -II

 

 

 

 

Cover

Buildings
  • No Condition of Average Applicable for Policies on Agreed Value Basis
  • Inbuilt Cover for “Additional Expenses of Rent for An Alternate Accommodation “
  • Long Term Policy Provision up to 5 Years
  • Discount on Opting Excess.
  • Expenses incurred by the Insured towards Emergency Purchases of food, clothing, medicines and similar daily essentials up to Rs 20,000 during the Policy Period.
  • This cover will trigger only in case of an admissible claim under “Building” section.

Contents
  • Separate Sum Insured needs to be declared for “Portable Equipment” & “Other Contents”
  • Automatic Reinstatement of “Sum Insured” for “Contents”.
  • Waiver of Condition of Average for “Contents” &” Jewellery, Valuables, Painting, Curios & Works of Art on Agreed Value Basis”

Jewellery & Valuables
  • Sum Insured Options for “Jewellery & Valuables”:
    1. Market Value Basis (Up to Specific Sum Insured)
    2. Agreed Value Basis (Subject to Submission of Valuation Report).
  • We may opt for coverage for “Jewellery and Valuables” either on full Sum Insured basis or on a loss limit basis 25% & 40% of the total Sum Insured for “Jewellery & Valuables” subject to (a) and (b) above.
  • Worldwide Coverage Extension for “Jewellery & Valuables” available on Payment of Additional Premium.
  • Waiver of Condition of Average for Jewellery & Valuables on Agreed Value.

Work of Art & Paintings
  • Sum Insured for “Paintings/Works of Art/Curios” strictly on “Agreed Value Basis” subject to submission of Valuation Report.
  • Waiver of Condition of Average for Painting/Curios/Work of Art on Agreed Value” basis.

Portable Equipment Cover

Inbuilt Coverage: India, On Payment of Additional Premium: Worldwide

Jewellery, Valuables, Curios, Paintings & Work of Arts

For Jewellery & Valuables: Inbuilt Coverage: India

Coverage Extension on Payment of Additional Premium: Worldwide

Rent for Alternate Accommodation and Brokerage

(Additional Benefit)

1) Rent for Alternate Accommodation only on the Agreed Value Basis

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

 

2) Rent for Alternate Accommodation only on Reinstatement Value

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 (Additional Benefit)

Rs. 20,000 or actual amount whichever is lower only on the Agreed Value Basis & Reinstatement Value

 

Options to Insure

Insured has the Option to insure either Flat/Apartment/Independent Building Only or Contents Only or Both

Options for Policy Period

i)Short Term Policy up to 15/30/60/90/120/150/180/210/240/270 days or

ii. Annual Policy of 1 Year to 5 Years

(Note: For all policies Policy Period for all opted covers shall be identical)

My Home Insurance All Risk Policy Add-ons

Add-On Cover

Details of Add-On Cover

Loss of Rent

Actual Monthly Rent for unoccupied period due to any insured peril subject to maximum of 24 months

Temporary Resettlement Cover

 Cost paid towards packing and transportation

Keys & Lock Replacement Cover

Actual Cost of replacing a Key, Lock & Key               

ATM Withdrawal Robbery Cover

1. ATM Robbery Limit: AOA Rs 10,000; AOY Rs 30,000                                                                                                   2. Bodily Injury: Actual medical expenses during the robbery subject to maximum AOY limit Rs 10000.

Lost Wallet Cover

AOA limit Rs 2500 for obtaining lost personal papers/cards if wallet is stolen or subject to AOY Limit of Rs 5000

Public Liability Cover

As per the coverage of Public Liability Act 1991

Dog Insurance Cover

As per the coverage mentioned in policy schedule

Long Term Discount

Years

Building, Contents and Portable Equipment

Jewellery and Work of Art

2 Years

5%

7%

3 Years

6%

11%

4 Years

7%

15%

5 Years

8%

18%

Disclaimer

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Royal Sundaram General Insurance Company Limited (IRDA of India Regn.No.102) CIN: U67200TN2000PLC045611 having the Registered office address at No.21, Patullos Road, Chennai - 600002. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. My Home Insurance All Risk Policy with UIN-IRDAN113RP0009V01202021 is a Home Insurance product underwritten and issued by Royal Sundaram General Insurance Co. Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. ISNP registration valid.

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change.

Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

UIN: IRDAN113RP0002V03201415

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