Auto Increment of Sum Insured Under Bharat Griha Raksha Policy

Not everyone can buy a comprehensive home insurance plan due to high premium rates. To make sure that people can afford an insurance plan that can protect their homes in case of an unforeseen incident, IRDAI released guidelines to provide a standard home insurance policy, i.e. Bharat Griha Raksha policy.

Read more


App & Website

24X7 Support

Compare Features

15+ Insurers

Dedicated Team

Easy Claims Process

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*The premium of ₹ 9/month is for a pucca building with sum insured of ₹ 5 lakh at selected locations, for property age less than 40 years and policy term of 1 year. Additional premium is payable for the optional covers including contents opted.

Protect your house from calamities

cover starting just @ ₹9/month*

Step 1/2
By clicking on "" you agree to our
Privacy Policy and Terms of Use
Get Updates on WhatsApp

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*The premium of ₹ 9/month is for a pucca building with sum insured of ₹ 5 lakh at selected locations, for property age less than 40 years and policy term of 1 year. Additional premium is payable for the optional covers including contents opted.

The Insurance Regulatory and Development Authority of India has mandated all general insurers to offer Bharat Griha Raksha Policy at an affordable price from 1 April 2021. In this policy, instead of the current market value, the coverage under the policy considers the cost of reinstating or replacing the insured items.

Since the IRDAI has released the guidelines, several general insurers have come up with affordable premium rates. Here is a list of insurers and their annual premium rates to purchase the Bharat Griha Raksha policy.

Under Bharat Griha Raksha (BGR) Policy, premiums for Rs 1 Crore coverage

Insurer Name Annual Premium* (In ₹)
Digit 2,466
Bajaj Allianz 2,714
New India Assurance 3,000
Cholamandalam 4,180

*Disclaimer: Policybazaar does not endorse, rate, or recommend any particular insurer or insurance product of any insurer.

Due to inflation, the cost of replacing or reinstating the damaged building structure rises with time. Amid inflation, the BGR policy comes with an auto-escalation feature. Under this, the Sum Insured (SI) amount can be raised annually.

Moreover, there is a daily escalation of the sum-insured amount under the annual policy. The sum insured increases each day by 1/365th of 10% of SI from the policy commencement date.

To protect your house and purchase an affordable insurance plan, Bharat Griha Raksha (BGR) policy would be a good choice. In India, several insurance companies are offering this affordable plan & gradually, the policy has become popular. You can look it up online and learn about the inclusions & exclusions of the policy in detail.

Written By: PolicyBazaar - Updated: 01 March 2023
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Home Insurance Articles
Buying your dream house can be one of your most significant investments in life, for which you might avail of...Read more
21 Sep 2023 by Policybazaar 1250 Views
Have you ever wondered if the color of your room affects your moods and thoughts? Yes, this is true. Many research...Read more
02 Mar 2023 by Policybazaar 1081 Views
A home insurance policy plays a significant role in insuring the structure of your house,supporting structure, the...Read more
21 Apr 2022 by Policybazaar 1533 Views
The real estate market might be booming at a time or facing a dip at others – but what remains true at all times...Read more
08 Feb 2022 by Policybazaar 1577 Views
Vastu Shastra refers to the science of architecture. It uses techniques and rules to avail benefits of nature's...Read more
28 Feb 2023 by Policybazaar 820 Views
Buying your dream house can be one of your most significant...Read more
21 Sep 2023 by Policybazaar 1250 Views
Have you ever wondered if the color of your room affects your...Read more
02 Mar 2023 by Policybazaar 1081 Views
Vastu Shastra refers to the science of architecture. It uses...Read more
28 Feb 2023 by Policybazaar 820 Views
Bharat Griha Raksha Policy is a standard home insurance policy...Read more
27 Feb 2023 by Policybazaar 17 Views
The majority of the population in India does not understand the...Read more
17 Jan 2023 by Policybazaar 905 Views

Reviews & Ratings

4.4 / 5 (Based on 120 Reviews)
(Showing Newest 10 reviews)
Virendra
Bokaro, July 26, 2022
Coverage for natural calamity
I was looking for an insurance policy that provides me coverage for natural calamity. Since my house is located near a river and it floods my area in the rainy season. So i went on the Policybazaar website and particularly look for this coverage found the exact plan that provides this coverage.
Sunil
Bilaspur, July 26, 2022
Premium Calculation
I was looking for a home insurance policy online. I stumblled upon the Policybazaar website and it is one of the best online platforms to purchase home insurance policy. I learned about the insurance plan i wanted to purchase and after choosing the plan and add ons i could calculate the premium using their online premium calculator. Thanks Policybazaar.
Manish
Bikaner, July 26, 2022
Natural Calamity cover
I have recently purchased a flat and wanted to cover it with a home insurance policy. I was aware of the Policybazaar website so i thought i should give it a try. I went on their website and as i wanted to cover my flat with a natural calamity cover specifically i searched for it and without wasting a minute it showed me the natural calamity coverage.
Mohit
Amritsar, July 26, 2022
Enough coverage
I was looking for a home insurance plan online. I was fed up as i have to visit different websites to look for a single suitable insurance plan. However, i stumbbled upon Policybazaar website where i was able to find the right insurance plan that could provide me enough coverage.
Sahil
Bareilly, July 26, 2022
Nice customer service
I wanted to purchase a home insurance policy and a friend of mine suggested to purchase it from Policybazaar. I bought the policy and after that i had a confusion regarding exclusions so i called up Policybazaar customer care and they cleared out the confusion and i loved their customer service.
Jitendra
Ajmer, July 26, 2022
Qiuck claim
I purchased a home insurance policy recently. However, due to a natural calamity, my house was damaged as the pressure of the water because of flood broke the enterance door of my house. But the insurance plan that i bought got me covered and i as able to get the quickest claim possible.
Prashant
Delhi, July 26, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension free now.
Sharad
Kolkata, July 26, 2022
Wide coverage
The home insurance plan that i purchased from policybazaar's website is a great plan that provides me coverage for not only the structure but also cover several expensive content of the home such as paintings, mobile phones, laptops, television, etc.
Ravi
Ahmedabad, July 26, 2022
Suitable insurance plan
I purchased the group health insurance policy from Policybazaar website. First of all, i did not have to wander much online while lookig for a home insurance plan that fits my requirement and i found the suitbale home insurance plan by comparing different plans on the website.
Yashashvi
Amritsar, June 09, 2022
Natural calamities covered
I bought a home insurance policy recently. As i live near a river and in the rainy season, my area gets flooded so in order to protect my house and its contents, i purchased the insurance to get coverage for such natual calamities and i am tension-free now.
top