New Insurance Products for Home and Business Protection

Providing comprehensive coverage against fire, allied perils, and terrorism, the Bharat Griha Raksha Policy offers a range of in-built and optional covers for homes and small businesses. With features like automatic escalation and innovative add-ons, this policy ensures financial security and peace of mind. The Bharat Sookshma Udyam Suraksha caters to office, hotel, shop, and industrial risks in India, offering protection for properties with a total value at risk not exceeding 5 Crore. Stay safeguarded with these insurance options effective from April 1, 2021.

• Insurance
• Protection
• Fire
• Business
• Home

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Uploaded on Feb 27, 2025 | 0 Views

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1. FIRE NEW PRODUCTS

2. BHARAT GRIHA RAKSHA POLICY This proposal is for covering Home Building and/or Home Contents against Fire and Allied Perils. Replacing SFSP for Dwellings cover for General Contents of Home for Sum Insured equal to 20% of the Sum Insured for Home Building Cover subject to a maximum of 10 Lakh Effective 01stApril 2021 Standard wordings , proposal form, special clause, Key feature documents duration shall not be more than 10 years.

3. BHARAT GRIHA RAKSHA POLICY In-built covers Home Building (including additional structures Home Contents Loss of Rent Rent for Alternative Accommodation Removal of Debris Architect s, Surveyor s and Consulting Engineer s fees. Optional Covers Cover for Valuable Contents on Agreed Value Basis (under Home Contents cover) (No Certificate if SI is <5 lakhs and individual item is less than 1 lakh Personal Accident cover for insured and spouse (Whilst in Insured building) (upto 5 lakh)

4. BHARAT GRIHA RAKSHA POLICY Terrorism as per POOL Basis of Sum Insured Reinstatement/Replacement value basis carpet area of the Home Building cost of construction per unit carpet area The Sum Insured for Reinstatement/Replacement value, as applicable, can be higher than the defined cost of construction at the policy commencement multiplied by carpet area but NOT lower.

5. BHARAT GRIHA RAKSHA POLICY auto escalate @10% per annum New innovative add-ons allowed upto 5 (50% of Base premium)

6. -BHARAT SOOKSHMA UDYAM SURAKSHA Offices, Hotels, Shops, industrial/Manufacturing risks, Utilities located outside the compound of Industrial/Manufacturing risks, Storage risks outside the compound of Industrial/Manufacturing risks and Tank farms/Gas holders outside the compounds of Industrial/Manufacturing risks in India where the total value at risk does not exceed 5 Crore Value at Risk at any one location means the value of all property in that location including Buildings, Fittings and Fixtures, Plant and Machinery, Stocks, other contents etc where the proposer has insurable interest. Policy will continue even if midterm the VAR exceeds

7. -BHARAT LAGHU UDYAM SURAKSHA Offices, Hotels, Shops, industrial/Manufacturing risks, Utilities located outside the compound of Industrial/Manufacturing risks, Storage risks outside the compound of Industrial/Manufacturing risks and Tank farms/Gas holders outside the compounds of Industrial/Manufacturing risks in India where the total value at risk does not exceed 50 Crore Value at Risk at any one location means the value of all property in that location including Buildings, Fittings and Fixtures, Plant and Machinery, Stocks, other contents etc where the proposer has insurable interest. Policy will continue even if midterm the VAR decreases

8. COVERS In-built Covers MICRO SMALL Additions, alterations or extensions Temporary removal of stocks Cover for specific contents Start-up expenses Professional fees Removal of debris Costs compelled by Municipal Regulations Floater Cover for Stocks (Available) Declaration Policy for Stocks