New India Bharat Griha Raksha Policy

New India Bharat Griha Raksha Policy is a standard home insurance policy introduced by IRDAI to protect residential buildings and household contents against loss, damage or destruction caused by fire and allied perils. The policy provides comprehensive protection for homeowners, tenants and occupants of residential properties.

Key Features

• Standard IRDAI Home Insurance Policy.
• Coverage for Home Building and Household Contents.
• Protection against Fire and Allied Perils.
• No Underinsurance Clause.
• Earthquake Cover Included.
• Flood and Storm Cover Included.
• Terrorism Cover Included.
• Optional Valuable Contents Cover.
• Optional Personal Accident Cover.

Who Can Purchase?

• Homeowners.
• Flat Owners.
• Independent House Owners.
• Tenants.
• Lessees and Licensees.

Types of Coverage

1. Home Building Cover

• Residential Building Structure.
• Permanent Fixtures and Fittings.
• Garages and Outbuildings.
• Boundary Walls and Gates.

2. Home Contents Cover

• Furniture and Furnishings.
• Television and Electronic Equipment.
• Home Appliances.
• Kitchen Equipment.
• Personal Household Articles.

Where Home Building Cover is taken, General Contents are automatically covered for 20% of the Building Sum Insured, subject to a maximum of ₹10 Lakhs unless a higher content value is declared. :contentReference[oaicite:0]{index=0}

Perils Covered

• Fire and Spontaneous Combustion.
• Lightning.
• Explosion and Implosion.
• Earthquake.
• Volcanic Eruption.
• Storm, Cyclone, Typhoon and Hurricane.
• Flood and Inundation.
• Tsunami.
• Landslide and Rockslide.
• Bush Fire, Forest Fire and Jungle Fire.
• Impact Damage.
• Missile Testing Operations.
• Riot, Strike and Malicious Damage.
• Terrorism.
• Bursting of Water Tanks and Pipes.
• Leakage from Automatic Sprinklers.
• Theft within 7 days of an insured event.

The policy covers a wide range of natural and man-made perils, including theft arising directly from an insured event. :contentReference[oaicite:1]{index=1}

In-Built Covers

• Architect and Surveyor Fees up to 5% of Claim Amount.
• Debris Removal Expenses up to 2% of Claim Amount.
• Loss of Rent Cover.
• Alternative Accommodation Rent.

Additional expenses such as professional fees, debris removal, loss of rent and rent for alternate accommodation are automatically included. :contentReference[oaicite:2]{index=2}

Optional Covers

• Valuable Contents Cover on Agreed Value Basis.
• Jewellery Cover.
• Silverware Cover.
• Paintings and Works of Art Cover.
• Personal Accident Cover.

Personal Accident Benefit

If an insured peril causing damage to the home building or contents also results in the death of the insured or spouse, compensation of ₹5 Lakhs per person is payable under the optional Personal Accident Cover. :contentReference[oaicite:3]{index=3}

Special Benefits

• No Underinsurance Penalty.
• Simple and Standardized Policy Wording.
• Automatic Contents Cover.
• Protection against Natural Disasters.
• Affordable Premium.
• Suitable for Home Loan Requirements.

Major Exclusions

• War and War-like Operations.
• Nuclear Risks.
• Normal Wear and Tear.
• Willful Damage.
• Consequential Losses.
• Bullion and Unset Precious Stones unless specifically insured.

Why Choose Bharat Griha Raksha Policy?

• IRDAI Standard Home Insurance Product.
• Comprehensive Protection for Home and Contents.
• Coverage against Fire, Flood, Earthquake and Terrorism.
• No Underinsurance Clause.
• Easy Claim Settlement Process.
• Affordable and Transparent Coverage.

Disclaimer

The above information is for general reference only. Coverage, exclusions, premium rates, claim settlement terms and policy conditions are subject to the latest policy wording issued by New India Assurance and IRDAI guidelines.