Bajaj Allianz General is one of the leading Insurance Companies in India. Top Management and Mid-Management BA Staff is customer focused with passion to bring new products into Indian market. The testimony to this fact is array of innovative retail products, particularly in Travel Insurance / Health Insurance / Motor Insurance and Home Insurance space.

The Bajaj Allianz House Holders' Insurance policy is designed to cover various Risks faced by a policyholder. It provides for protection of property i.e. building or structure and its contents along with the interests of the insured and family members who permanently reside with the insured. The USP of Bajaj Allianz (BA) Householder's policy is that it has very competitive premium rates, first loss basis option for burglary and jewelry and flexible rating for personal accident of the insured.

BA Householder's Insurance cover protects you against

1. Burglary (Force break-in)
2. Damage to plate glass (declared)
3. Breakdown of gadget and electronic equipments (declared)
4. Damage of domestic appliances due to electrical/mechanical breakdown (declared)
5. Loss of Jewelry and valuables by accident or misfortune or theft (declared)
6. Personal accident and baggage loss on trips (the unique feature)
7. Third party liability
8. Hospital Confinement Allowance (the Unique feature)
9. No valuation certificate required for jewellery upto Rs.2 lacs
10. Assembled computers can also be covered under EEI
11. Fire and Allied perils (common feature)

12. Un-Occupancy Cover for up-to 120 Days (the USP)

The allied perils which are included in the insurance plans assumed to be the direct cause for loss/damage to building. Its contents are Lightning, Explosion/Implosion, Aircraft damage, Impact damage from rail/road vehicle or animal, riot, strike, malicious and terrorist damage, Storm, cyclone, tempest, hurricane, tornado, flood and inundation. Under general conditions the Householder's policy does not cover loss or damage caused by war, nuclear radiation and allied peril.

The insured amount given against the perils for building or structure and its contents is assessed either on Reinstatement Value (RV) basis - that is the value for replacing the item with a new item of same type and make; or on Market Value (MV) basis - that is the reinstatement value less depreciation depending on the age of the item. The policy excludes 5% of the claim amount for each and every claim arising out of natural calamities.

Bajaj Allianz Householder's Policy also has group discount plan too depending on the number of sections opted for; offering discounts up-to 20% on the premium. But this offer may exclude the section covering Fire Peril, which is a body and soul of a House Policy.

What I have presented above is the Broad Policy features. It is always advisable for InsuranceMall customers to read the Fine Print on Policy Coverage / Exclusions before the Purchase. Bajaj Allianz Home Policy could be your choice.

 

Buy Insurance. Stay Safe.

Manish Jaiswal

for - www.insurancemall.in/blog/