House Holder

Damage to the building or its contents by Fire is covered, however the following are not covered:

• Damage due to Fermentation, Natural Heating, Spontaneous Combustion
• Damage due to Heating or Drying Process
• Burning of Property by any Public Authority
• Spontaneous combustion results from internal heating which takes place in certain substances (e.g. hay, coal) when stocked or stored in bulk.
• Heating or drying process is not an accidental loss but rather an inevitable loss.
• Lightning, Explosion, Implosion, Aircraft Damage

Damage caused by Riot, Strike and Malicious Damage (RSMD) is covered, however the following are not covered:

• Total or partial stoppage of work because of RSMD.
• Dispossession or prevention of access to a building due to unlawful occupation by any person
• Dispossession or prevention of access to a building due to confiscation by the Government
• Burglary or Theft

Damage to the building or its contents by Storm, Cyclone, Tempest, Hurricane, Tornado, Flood, Inundation, Earthquake, is covered, however the following are not covered:

• Damage caused on account of volcanic eruption and other uncertainties of nature

Damage to the building or its contents by Subsidence, Rockslide & Landslide is covered, however the following are not covered:

• The normal cracking or bedding down of structures
• costal or river erosion
• defective design or construction

Loss or damage caused to property due to impact by any Rail/Road vehicle or Animal is covered, however the following are not covered:

• If the damage is caused by the occupant of the property that is damaged
• if the damage is caused by the Insured or any member of his family.
• If the damage is caused by the employees of the Insured in the course of their employment.

Bursting and/or overflowing of Water Tanks, Pipes & Leakage from Automatic Sprinkler Systems

Loss or damage caused to property due to Missile Testing Operations are covered.

Loss or damage caused to property due to a Bush Fire is covered, however Forest Fire is not covered

If there is an accidental loss or damage to contents which are temporarily removed from the insured’s premises and taken by the insured to another temporary residence, it is covered under the policy, however the following is not covered:

• If the contents are removed from the insured premisis for a period exceeding 120 days in one policy period
• The value of the contents, if exceeding 10% of the Sum Insured are not covered.

Burglary & Theft

• Any loss or damage attributable to Burglary and or Theft is covered
• If there is a burglary or theft and the contents are temporarily removed from the insured’s premises and taken by the insured to another temporary residence, the contents are insured against loss or damage, however the following is not covered:
• If the contents are removed from the insured premises for a period exceeding 120 days in one policy period
• The value of the contents if exceeding 10% of the Sum Assured are not covered.

Jewellery & Precious Items

• Accidental loss or damage to jewellery anywhere in India.
• Jewellery kept in specified bank lockers can be covered too.
• A list of items along with their values is to be provided (Description required such as make and type, no of diamonds , weight, etc... )
• Valuation certificate is required : if the individual value of the item exceeds Rs. 50000/-
• For items valued at less than Rs. 50,000 the Insured to submit Signed document stating the complete description of Jewellery including Weight in Grams and Value

Breakdown of Domestic Appliances
Under this section, the insurance company will either replace or pay for the repairs arising from the mechanical or electrical breakdown of Domestic Appliances.

Damage to Electronic Equipment

Public Liability

• Under this section, the Insurance Company will either replace or pay for the repairs of any Electronic Equipment that is damaged.
• The policy also covers all sums that the Insured may become legally liable to pay due to injury, accidental death or damage to property of a third person.
• The injury, death or damage should have arisen on account of the breakdown or defect in Electronic Equipment.
• The maximum liability is restricted to Rs. 25,000/- for all claims.

Personal Accident

• In case of an accident resulting in the death of the insured within 12 months of the accident, the sum insured under the Personal Accident section will be paid
• An additional amount of 2% of the sum insured or Rs. 5,000/- whichever is lower will be paid to transport the remains of the insured from the place of death to the hospital or burial ground.

Permanent Total Disability

• In case of an accident resulting in the permanent total disability of the insured within 12 months of the accident, 125% of the sum insured under the Personal Accident section will be paid

A Permanent Total Disability is an injury where the insured suffers from either:

• Loss of the sight of both eyes. OR
• Physical separation of or the loss of ability to use both hands or both feet. OR
• Physical separation of or the loss of ability to use one hand and one foot. OR
• Loss of sight of one eye and the physical separation of or the loss of ability to use either one hand or one foot.

Temporary Disability

• A Temporary Disability occurs when the insured is injured and is temporarily unable to engage in his/her usual occupation. E.g. A cashier in a bank fractures his right hand. He is therefore unable to count and dispense money for a temporary period. This is a Temporary Disability.
• In case of a Temporary Disability, 1% of the Sum Insured under the Personal Accident section or Rs. 5,000/- (whichever is lower) will be paid to the Insured for every week he/she is uable to engage in his/her normal profession.