Overview of National Bharat Griha Raksha Policy

National Bharat Griha Raksha Policy is a comprehensive home insurance solution for both individual homeowners and corporate entities in India. This policy offers protection against fire and allied perils, safeguarding your home building and contents from unforeseen damages.

National Bharat Griha Raksha Policy

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


National 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 National Bharat Griha Raksha Policy

National Bharat Griha Raksha Policy is a comprehensive home insurance solution for both individual homeowners and corporate entities in India. This policy offers protection against fire and allied perils, safeguarding your home building and contents from unforeseen damages.

National 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 National Bharat Griha Raksha Policy

Here is a table highlighting all the inclusions of the National Bharat Griha Raksha Policy:

Sr. No. Inclusions Conditions
1. Fire Yes (caused by burning of insured property by public authority)
2. Explosion or Implosion Yes
3. Lightning Yes
4. Earthquake, volcanic eruption, or other convulsions of nature Yes (if opted with discount in premium)
5. Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Tsunami, Flood, and Inundation Yes

(if opted with discount in premium)

6. Subsidence of the land, Landslide, Rockslide Yes (except certain exclusions)
7. Bush fire, Forest fire, Jungle fire Yes
8. Impact damage Yes (certain exclusions applied)
9. Missile testing operations Yes
10. Riot, Strikes, Malicious Damages Yes (except certain exclusions)
11. Acts of Terrorism Yes (as per terrorism clause)
12. Bursting or overflowing of water tanks, apparatus, and pipes Yes
13. Leakage from automatic sprinkler installations Yes (except certain exclusions)
14. Theft Yes (within 7 days and certain exclusions apply)

*Disclaimer: The above inclusion table is for illustrative purposes only. To get a clear understanding, refer to the insurer's policy wording.

Exclusions of National Bharat Griha Raksha Policy

Here are the exclusions of the National Bharat Griha Raksha Policy:

  • Loss due to deliberate, willful, or intentional act or omission of anyone on your behalf or with your connivance.
  • War, invasion, act of foreign enemy hostilities, civil war, mutiny, civil commotion, rebellion, revolution, insurrection, or military or usurped power.
  • Ionising radiation or contamination by radioactivity from any nuclear fuel or nuclear waste.
  • Pollution or contamination, unless directly resulting from an insured event.
  • Loss, damage, or destruction to electrical/electronic machinery, apparatus, fixtures, or fittings due to specified causes.
  • Loss or damage to certain items such as bullion, manuscripts, plans, drawings, securities, vehicles, and explosive substances.
  • Loss of any missing property mislaid or without identifiable event.
  • Loss or damage to property was removed from your home and moved to any other place.
  • Consequential or indirect Loss or damage of any kind.
  • Reduction in market value of any property after repair or reinstatement.
  • Any addition, extension, or alteration to the building increases its area by more than 10% without paying an additional premium.
  • Costs, fees, or expenses for preparing any claim.

*Disclaimer:The above exclusions are for illustrative purposes only. To understand them clearly, refer to the insurer's policy wording.

Add-on Covers of National Bharat Griha Raksha Policy

Here are the two types of add-ons available with the National Bharat Griha Raksha Policy:

  1. Valuable Content Cover on Agreed Value Basis (under Home Contents Cover):

    A valuable content add-on protects valuable items such as jewellery, silverware, paintings, and works of art. With this cover, the insured and insurer agree upon the value of these contents based on a valuation certificate submitted by the insured and accepted by the insurer.
    If any insured event physically damages these valuable contents, the insurer will cover repairing the item. If the valuable contents are lost, the insurer will pay the sum insured for the item.

  2. Personal Accident Cover

    In case the insured peril causing damage to your home building and/or contents also results in the death of either the insured or their spouse, this add-on provides compensation of ₹5 lakh per person. Hence, this optional add-on cover ensures that the insured and their family get enough financial security in the unfortunate event of an accident resulting in death.

In-built Covers of the National Bharat Griha Raksha Policy

  1. Fees of Architect/Surveyor/Engineer

    Up to 5% of the claim amount will be used to pay the reasonable fees of architects, surveyors, and consulting engineers. This in-built add-on covers the expenses incurred in assessing damages, preparing estimates, and overseeing the repair/reconstruction process.

  2. Removal of Debris

    Get up to 2% of the claim amount to cover the costs of removing debris from the damaged site. After an insured event, there may be debris to clear, and this add-on covers the expenses incurred in removing it to expedite the restoration process.

Who Can Buy National Bharat Griha Raksha Plus Policy?

The Bharat Griha Raksha Policy is available for individual homeowners, tenants, and corporate entities covering building and contents.

Claim Process of National Bharat Griha Raksha Policy

Here are the steps for the claim process of the National Bharat Griha Raksha Policy:

Step 1: Raise a Claim

  • You must initiate a claim for the sum insured (the amount of cover).
  • The insurer will verify the claim and accept it if it aligns with the terms and conditions of the policy.

Step 2: Inform About the Loss or Damage

In case of Loss or damage to your home building or its contents, you must notify the insurer immediately and must provide the following details:

  • Policy number
  • Your name
  • Details of any reports made to the police or other authorities
  • Details of the insured event
  • A Brief Statement of the Loss
  • Particulars of any other insurance covering your home building or contents
  • Details of Loss or damage under any optional cover or add-ons
  • Submit photographs of the Loss or physical damage, if possible.

Step 3: Report to Authorities
Inform the respective authorities, such as police, fire authorities, and appropriate legal authorities, of the Loss.

Step 4: Prevent Further Damage
Take all the safety measures to prevent further damage to your home building and contents.

Step 5: Gather Evidence
Collect evidence, including taking photographs and shooting a video of the damaged items & buildings.

Step 6: Cooperate in Investigation

  • Assist your insurance provider by providing them with gathered evidence and information related to the mishap.
  • Additionally, provide documents, including books of accounts & other relevant documents.

Step 7: Submit the Claim Form
Fill out and submit the claim form as soon as possible but within 30 days from the date you first notice the Loss or damage.

Step 8: Prove Losses
Remember, as a homeowner or tenant, you must prove that the insured event has occurred at your place with the gathered evidence and demonstrate the extent of your Loss to the right payout amount.
The above-mentioned steps for the National Bharat Griha Policy are crucial. The insurer must investigate whether the policy's terms and conditions cover the Loss or damage. This ensures a smooth and efficient claims process for you.

FAQs About National 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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