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

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


The Oriental Householders Insurance 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.

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: 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
Average Rating
(Based on 99 Reviews)
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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
Easy Process
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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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.
  • 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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