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

4.7 (99 reviews)
Get insurance for Home loan or Personal security in just 5 minutes.


ICICI Lombard Bharat Griha Raksha Policy

4.7 (99 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 ₹ 18/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 ₹18/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: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
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Reviews & Ratings

4.7 / 5 (Based on 99 Reviews)
(Showing Newest 10 reviews)
Surendra
Delhi, February 05, 2025
Good Price
I had purchased Bajaj Allianz home insurance, and when there was damage to home equipment due to an electric spark, these damages were covered by the insurance. Got insurance at a good price.
Naresh
Muzaffarnagar, February 02, 2025
Best Deal
I never thought home insurance could be affordable. With Policybazaar, I could compare multiple insurance plans on a single platform. I am glad I got the best insurance plan at a very good deal.
Nalin
Begusarai, January 30, 2025
Easy Renewal
I renewed my home insurance through Policybazaar. Initially, I was unsatisfied with my previous insurer, but my experience with Policybazaar has been good. Very satisfied with their services.
Abhimanyu
Gridi, January 29, 2025
Good Experience
PolicyBazaar has made comparing policies easy, and its agent explained the features clearly. Really happy with my experience of getting a home insurance policy.
Prateek
Patna, January 27, 2025
Expenses Covered
With HDFC ERGO home insurance, I could cover my expenses when our building caught fire. Luckily, no one was hurt.
Dhruv
Jamshedpu, January 24, 2025
Easy Process
Thank you, Policybazaar, for helping me to get the claim approved for my home insurance. Your process was very easy.
Vihan
Etawa, January 21, 2025
Big Help
I had purchased a new flat by taking a home loan. However, after paying the second EMI, there were some issues with the water pipeline, and it burst. The house's walls were damaged, and home insurance through Policybazaar helped me get a claim for my loss.
Ishaan
Lucknow, January 20, 2025
Stress-free process
Exploring different home insurance options felt overwhelming, but PolicyBazaar simplified everything. Their platform helped me compare plans quickly. The team answered all my queries, making the process stress-free.
Kshitiz
Lucknow, January 18, 2025
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Thank you, Policybazaar, for helping me to get the claim approved for my home insurance. Your process was very easy.
Rahul
Patna, January 17, 2025
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  • 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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