The Oriental Householders Insurance Policy

The Householders insurance policy is a comprehensive home insurance policy offered by Oriental Insurance Company Limited. The policy protects your home structure and its various contents against several unforeseen perils. The policy is divided into ten sections that cover several risks.

The Oriental Householders Insurance Policy

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


The Oriental Householders Insurance 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.

The Oriental Householders Insurance Policy

The Householders insurance policy is a comprehensive home insurance policy offered by Oriental Insurance Company Limited. The policy protects your home structure and its various contents against several unforeseen perils. The policy is divided into ten sections that cover several risks.

Coverage under the Oriental Householders Policy

The Oriental Householder insurance policy provides complete protection for your home and its contents against various risks. It is divided into ten sections, and you are required to choose at least three sections to avail of the policy benefits. Moreover, one of the mandatory sections covers the contents of your home against fire and related perils.

Sections Type of Coverage What is Covered What is Not Covered
Section I Fire Covers loss/damage to the residential building, household contents, and personal effects due to fire and earthquake. No coverage for loss of money, cash, securities, livestock, vehicles, or personal documents.
Section II House-breaking Covers the loss or damage due to temporary removal of contents up to 120 days from the incident date is available for 10% of the sum insured. No coverage for loss of money, cash, securities, livestock, vehicles, or personal documents.
Section III All Risks Covers the loss or damage to valuables, including jewelry, due to insured perils. No coverage for valuables stolen from the car or loss caused by mildew, moth, etc.
Section IV Plate & Glass Accidental damage of fixed plate & glass in the insured property. No coverage for any scratches on the fixed plate & glass.
Section V Domestic Appliances (including Television) Covers the loss or damage to electrical appliances (e.g., TV, refrigerator, mixer grinder) due to mechanical or electrical breakdown. Sum insured is based on the new replacement value. Loss or damage due to faulty parts or manufacturing faults existing before buying the policy.
Section VI Personal Computer & Laptop Loss or damages are covered as per the risks subject to specified exclusions. Loss or damage due to wear & tear, faulty parts, or manufacturer’s fault existing before buying the policy.
Section VII Pedal Cycle Covers the loss or damage to insured article due to fire, allied perils, housebreaking, theft, or accidental damage by external means. Loss or damage due to mechanical breakdown.
Section VIII Baggage Loss or damage to accompanied baggage by accident. Loss of valuables such as cash and jewellery within the municipal limits.
Section IX Personal Accident (PA) cover Coverage for death or bodily injury resulting from accidental, external, violent, and visible means, including weekly hospitalization compensation. No coverage for suicide or attempted suicide, self-injury, or death or injury caused by the insured committing any intentional illegal act.
Section X (A) Public Liability Covers the insured's legal liability to the public for bodily injury or accidental death. No coverage to liability towards family members and employees.
Section X (B) Workmen’s Compensation Coverage complies with the Workers' Compensation Act No coverage for liability toward the general public or family members.

*Disclaimer- Kindly refer to the policy wordings available on the official website of the insurance company to understand the exact coverage and terms & conditions of the policy.

Salient Features of the Oriental Household Policy

  1. The Oriental Household policy provides coverage for residential properties constructed with durable materials.
  2. Under Section I, the policy allows for a 15% waiver of the sum insured to account for underinsurance.
  3. For items that have a value exceeding 5% of the total sum insured under Section I B, they must be specifically listed with their respective values.
  4. Section III, known as the All Risks Section, requires separate specifications for any item valued at more than 10% of the sum insured.
  5. The policy offers coverage for jewellery and valuables stored in bank lockers on a first-loss basis.
  6. Discounts are available for policies covering more than four sections.
  7. A discounted rate is offered for long-term policies ranging up to four years.
  8. There are no upper limits on the sum insured for either the building or its contents.
  9. Different sections of the policy may have varying excess amounts.
  10. Artwork and showpieces can be covered if their value is assessed by government-approved values and their report is submitted.
  11. Terrorism risk coverage is available at an additional premium, subject to the insured's option and the company's acceptance.
  12. Housing societies with their own security arrangements may receive discounts for Section II. Also, volume discounts may apply to housing societies.
  13. Discounts should be applied in a manner that the minimum net premium after allowing all discounts should not less than 50% of the gross total premium under the policy.
  14. The premium may be adjusted based on the number of policy periods affected by claims.

You may also read- Oriental Sweet Home Insurance Policy

How to Select the Sum Insured of the Oriental Household Policy?

  1. For the Building

    The sum insured should cover the complete cost of rebuilding the property, including architect fees, debris removal, and obtaining sanctions for new building regulations or by-laws.

  2. For Contents

    The sum insured should reflect the replacement value, except for Section III (All Risks), where the market value should be considered. However, for jewellery, the sum insured will be the market value minus 10% (making charges) or the purchase cost.

    The sum insured for the remaining sections is determined based on the proposer's preference.

General Exclusions of the Oriental Householder Policy

This policy does not cover loss or damage to the home and its contents caused by-

  • War and allied perils.
  • Nuclear radiation and related causes.

FAQs

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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