Overview of ICICI Lombard Bharat Griha Raksha Policy

ICICI Lombard Bharat Griha Raksha Policy is a type of property insurance that offers coverage to Indian households. The policy provides financial protection against several unforeseen risks, such as loss or damage due to natural calamities, burglary, fire, and more. Hence, it is an ideal solution, ensuring peace of mind for the homeowners by providing coverage for the building structure and contents available in the house.

ICICI Lombard Bharat Griha Raksha Policy

4.4 (120 reviews)
Get insurance for Home loan or Personal security in just 5 minutes.


ICICI Lombard Bharat Griha Raksha Policy

4.4 (120 reviews)
Get insurance for Home loan or Personal security in just 5 minutes.
What’s covered?
Violent disturbance
Fire
Natural disasters
Policybazaar advantages
365 days support system
Easy claim process
Instant online policy issuance

**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.

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**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.

Overview of ICICI Lombard Bharat Griha Raksha Policy

ICICI Lombard Bharat Griha Raksha Policy is a type of property insurance that offers coverage to Indian households. The policy provides financial protection against several unforeseen risks, such as loss or damage due to natural calamities, burglary, fire, and more. Hence, it is an ideal solution, ensuring peace of mind for the homeowners by providing coverage for the building structure and contents available in the house.

ICICI Lombard Bharat Griha Raksha Policy: Key Benefits

Categories Features
Policy Term 1-10 years available
Eligibility Both homeowners & tenants can buy
Key Features*
  • Fire & Special Perils Coverage
  • Auto escalation of sum insured
  • Underinsurance not applicable
  • Home contents covered at 20% of SI
In-built Covers*
  • Loss of rent
  • Up to 5% claim amount for fees of architect/surveyor/engineer
  • Up to 2% claim amount for removing debris
Add-on Covers*
  • Valuable Content Cover
  • PA Cover
Policy Cancellation Available

*Disclaimer: Refer to the policy wordings on the insurer's official website for exact coverage and benefits information.

Inclusions of ICICI Lombard Bharat Griha Raksha Policy

ICICI Lombard Bharat Griha Raksha (BGR) Policy protects the insured home structure and its content against losses from several risks. Here is the general inclusion of ICICI Lombard BGR policy:

  • Coverage against natural calamities such as earthquakes, floods, cyclones, storms, typhoons, hurricanes, tempests, floods, tornados, and inundations.
  • Protection against fire and allied perils, including fire, lightning, explosion or implosion.
  • Burglary and theft coverage for household contents within 7 days of any insured event mentioned in the policy documents.
  • Coverage for impact damage caused by an external object, such as a falling tree or motor vehicle.
  • Coverage against the damage caused by bursting or overflowing water tanks, pipes, and apparatus.
  • Coverage against man-made calamities, such as riots, malicious activities, and terrorism.

Exclusions of ICICI Lombard Bharat Griha Raksha Policy

Here are some common exclusions of ICICI Lombard BGR policy:

  • Losses due to war, nuclear perils, acts of terrorism (unless specifically included), foreign enemy hostilities, etc.
  • Loss or damage arising due to breach of law with criminal intent.
  • Damage to property due to radioactive substances, explosives, and toxic substances.
  • Losses incurred due to any willful negligence or misconduct.
  • Exclusion of specific high-risk items or activities not covered by the standard policy terms.

*Disclaimer: The inclusions and exclusions mentioned in the ICICI Lombard Bharat Griha Raksha Policy are indicative. For a detailed list, kindly refer to the policy wording available on the insurance provider's official website.

Add-on Covers of ICICI Lombard Bharat Griha Raksha Policy

Here are the two types of add-on covers or optional covers that you can buy with your ICICI BGR policy by paying a little extra premium:

  1. Valuable Content Cover (On Agreed Value Basis)

    As the name suggests, this add-on provides extra protection for high-value items, such as jewellery, antiques, artwork, etc., that may not be adequately covered under the standard policy. It extends the coverage limit for these valuable contents, ensuring compensation in case of theft, damage, or loss.

  2. Personal Accident (PA) Cover

    The Personal Accident (PA) Cover add-on offers financial security to the insured or their spouse in the event of accidental injury, disability, or death. It provides compensation of ₹ 5 Lakh per person. Therefore, a PA cover add-on ensures comprehensive protection for the individuals residing in the insured property/building.

In-Built Add-ons of ICICI Lombard Bharat Griha Raksha Policy

The following table highlights the in-built coverage or add-ons of ICICI Lombard BGR policy:

In-Built Covers Coverage Limit
Fees of architect, surveyor, or consulting engineer Up to 5% of the claim amount
Cost of removing debris from the insured site Up to 2% of the claim amount
Loss of rent cover Sum insured and the number of months
Rent for alternate accommodation cover Sum insured and the number of months

Who Can Buy ICICI Lombard Bharat Griha Raksha Policy?

ICICI Lombard Bharat Griha Raksha (BGR) Policy is available for purchase by Indian residents who own residential properties. Homeowners, landlords, or tenants residing in houses, apartments, or flats can buy this policy to protect their dwellings and belongings against a series of risks and perils. Hence, a ICICI Bharat Griha Raksha policy is a standard home insurance policy, which landlords & tenants both can purchase.

Claim Process of ICICI Lombard Bharat Griha Raksha Policy

Here are the steps to raise claims under ICICI Lombard Bharat Griha Raksha Policy in India:

  • Step 1: Notify the insurance provider about the incident as soon as possible, either by phone or by visiting their website, and get the claim number.
  • Step 2: Download, complete, and submit the claim form along with any required documents, such as an FIR (First Information Report), police report, or other supporting evidence.
  • Step 3: The surveyor will be appointed to assess the extent of loss or damage and design a report accordingly.
  • Step 4: The insurance provider adjudicates the case as acceptable or unacceptable according to the policy terms & conditions.
  • Step 5: Depending on the nature of the claim and policy T&C, you may receive compensation, repairs, or replacement costs through NEFT.
  • Step 6: Connect with ICICI Lombard General Insurance Company Limited for updates and assistance regarding the home insurance claim process.

FAQs About ICICI Lombard Bharat Griha Raksha Policy

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 120 Reviews)
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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.
  • Disclaimers+

    #Savings of 28% are based on the comparison between the highest and lowest premiums for a pucca building with sum insured of >₹ 1 crore at Delhi, for property age less than 5 years and policy term of 11 years.

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