Royal Sundaram Bharat Griha Raksha

At a Glance

A home is your biggest investment in life and insuring your biggest investment is important.

Unlike cars, which depreciate the minute you drive them off the lot, houses typically increase in value over time. From a long-term perspective owning a home is a financial investment that can ensure your security in years to come. So, having an insurance policy in place to protect that investment should be at the top of your list of priorities.

Royal Sundaram ’Bharat Griha Raksha Home Insurance Plan' offers holistic home insurance solutions to every discerning customer.

Key Features of the coverage

RSGICL- Bharat Griha Raksha Policy covers both home building and home contents.

Features

• Coverage for building and additional structures against insured events  Coverage for home contents
• No sum insured limit
• No underinsurance ? Either coverage for home building or home contents or both can be opted.

Inbuilt coverages

• Escalation benefit
• Rent for alternate accommodation
• Loss of rent -General contents of your home equal to 20% of the sum insured for home

A - Building cover Optional coverage

• Personal accident cover
• Valuable contents cover

Description of building and additional structures Building, at, apartment, duplex apartment, bungalow or any dwelling place. Fittings and Fixtures are included. Additional structures like garages, domestic outhouses for residence, compound walls, fences, gates, retaining walls and internal roads, water tanks for residence, parking space, are also covered.

B - Home contents sum insured

General contents of your home equal to 20% of the sum insured for home building cover subject to a maximum of `10 lakhs (rupees ten lakhs) if you have opted for both home building and home contents cover. Higher sum insured can also be opted by giving section wise details and by paying additional premium. If you have purchased only home contents cover, you have to declare sum insured for general contents.

Escalation benefit Sum insured will increase by 10% each year in a long-term policy, up to 100% of the base sum insured. Sum insured will increase each day by 1/365th of 10% of the chosen sum insured in an annual policy.

No underinsurance This is a very special feature of this policy. Thus, if your sum insured calculated on the basis of the information that You have provided Us is less than the actual value at risk, the deference will not affect the amount We pay.

Key Notes

1. Either of home building or home contents section is mandatory. Minimum content sum insured has to be ` 1 lakh for availing cover under home content section.
2. Additional structures - garages, domestic outhouses for residence, compound walls, fences, gates, retaining walls and internal roads, water tanks for residence, parking space.
3. Maximum tenure of 3 years for rent for alternate accommodation and loss of rent.
4. Maximum tenure of 10 years for home building and home contents coverage.
5. Inbuilt home contents sum insured will be 20% of the sum insured of home building cover subject to a maximum of `10 lakhs, when both building and contents opted together.
6. Valuation certificate not needed up to a sum insured of `5 lakhs and per item limit of `1 lakh.
7. There is no under insurance under this product.
8. The per item limit option is applicable only when opted by the customer as below.

Eligibility and Fees

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. RSGICL, Bharat Griha Raksha Policy with UIN-IRDAN102RP0013V01202021 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-IRDAN102RP0013V01202021

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