Overview of National Insurance Householder’s Policy

It is a packaged insurance policy that offers a wide range of covers which are required by a common householder. The company does the property valuation by multiplying the built up area of the property with the cost of the construction per square feet. The company insures the household contents as per the market value, while electrical items are insured on the replacement value. Even if you are living in a rented place, you can get it insured against fire & allied perils.

National Insurance Householder’s Policy

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


National Insurance Householder’s 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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cover starting just @ ₹9/month*

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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 Insurance Householder’s Policy

It is a packaged insurance policy that offers a wide range of covers which are required by a common householder. The company does the property valuation by multiplying the built up area of the property with the cost of the construction per square feet. The company insures the household contents as per the market value, while electrical items are insured on the replacement value. Even if you are living in a rented place, you can get it insured against fire & allied perils.

Coverage Available Under the Policy

There are mainly ten sections which are covered under Householder insurance policy by National General-

Section  I : Fire & Allied Perils= It covers fire, lightning, explosion, aircraft and other aerial devices, riot, strike, storm, cyclone, flood, etc.
a) For House Building.
b) For t household contents.

Section - II : Burglary & Housebreaking including larceny or theft (Contents only)= It indemnifies the insured in respect of loss/damage caused to the contents by burglary or housebreaking. However the damage should happen to contents which are kept in the premises.

Section - III : All Risk against valuable items.= It covers loss or damage caused to jewelry and valuables by accidental or misfortune, provided it happens in India only.

Section - IV : Plate Glass Cover ( fixed )= It covers the loss/damage caused to the fixed plate glass due to accidental breakage in the insured premises.

Section - V : Breakdown of domestic appliance= It covers damages occur to the appliances due to mechanical or electrical breakdown of domestic electrical, electronic or mechanical appliances.

Section - VI : Television Sets (All Risk ) cover= It covers loss/damage caused to the television apparatus by fire, lightning, earthquake, riot, strike, etc.

Section - VII : Pedal Cycle (All Risks) cover= The insurer indemnifies the policyholder in respect of loss/damage to the pedal cycles due to riot, fire, flood, earthquake, etc.

Section - VIII : Baggage Insurance= It insures in respect of personal baggage accompanying the insured whilst travelling.

Section - IX : Personal Accident Insurance= The insurer shall pay to the insured if he sustains bodily injury directly caused by accidental violent external and visible means, which results into death or disablement.

Section - X : Public Liability & Workman Compensation Risks= The company will indemnify the policyholder in respect of amount which the insured is legally liable to pay as a private householder.  

Only Section I is mandatory. In addition to this, proposer can opt for any two more sections from the remaining sections. The proposer is entitled to get 15% discount for opting over four sections and 20% discount on premium for opting more than six sections. You can buy the policy online by using debit/credit cards or net banking.

What it Doesn’t Cover?

The company can’t be held liable in respect of the following scenarios-

  • Loss or damage happens due to terrorism activities unless it is specifically mentioned.
  • Loss or damage caused by wear and tear
  • Loss or damage, liability or expenses directly/indirectly happens due to war, invasion, nuclear weapon material, etc.
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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