Bharat Griha Raksha Insurance Policy Online starting ₹530/year*
What is Bharat Griha Raksha policy?
Bharat Griha Raksha policy is meant to cover residential properties at affordable premiums. The policy was introduced in April 2021 after the Insurance Regulatory and Development Authority of India (IRDAI) issued guidelines to insurers to offer a standard home insurance plan to individuals.
Why is the policy needed?
A policy of Bharat Griha Raksha is needed for a variety of reasons like theft, damage caused due to nature’s fury in the form of storm, flood, earthquake, etc. The policy will ensure that you are covered for any loss or damage caused to your house and belongings.
Who should buy Bharat Griha Raksha policy?
The standard house insurance policy should be brought by home owners as well as those who have rented a place to stay. The policy will ensure that you have peace of mind knowing that your house and its belongings are covered against any damage caused by perils like fire, storm, flood, earthquake, etc.
What’s covered under Bharat Griha Raksha policy?
What’s not covered
Bharat Griha Raksha policy does not cover damages caused by the reasons mentioned below:
- Deliberate damage to the house.
- Damage caused due to factors like war, invasion, and war-like operations.
- Losses incurred due to contamination or ionizing radiation.
- Damage caused to bullion or unset precious stones, manuscripts, vehicles, and explosive substances are not covered by the policy.
- The cost incurred for preparing any claim.
- Expenses incurred for any alteration to the house (more than 10% of its carpet area
Type of plans available
There are three types of Bharat Griha Raksha policy. They are -
Only Building Cover
Building + Content Cover
Only Contents Cover
The policy will cover the damage caused to the building under this type of the policy. It means the damage incurred to the structure of the building.
Under this type, the policy covers both the building and the things and articles located in it.
The third type of the policy covers all the home content which is declared irrespective of the sum insured
Types of houses covered
The Bharat Griha Raksha policy is designed to suit different types of houses. They are -