Overview of Oriental Sweet Home Insurance Policy

The Oriental Sweet Home Insurance Policy is a miniature version of the existing householders' package policy, which offers comprehensive protection to your residential structure and its contents.The policy has three different plans, and each plan has five sections.

Oriental Sweet Home Insurance Policy

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


Oriental Sweet Home 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
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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 Oriental Sweet Home Insurance Policy

The Oriental Sweet Home Insurance Policy is a miniature version of the existing householders' package policy, which offers comprehensive protection to your residential structure and its contents.The policy has three different plans, and each plan has five sections.

Coverage under the Oriental Sweet Home Insurance Policy

The Oriental Sweet Home Insurance Policy has three plans, i.e. A, B, & C, and each plan has five sections. The first Section is optional, covering the building against fire and allied perils, including earthquakes. However, the rest four sections are compulsory.

This policy has been designed for all individuals residing in India along with foreign nationals who own property in India (within the Indian Territory).

Section I- Coverage for Building

Under this Section, the homeowner can cover their building against fire and allied perils, including earthquakes. Individuals who hold lease/tenancy agreements can also look for coverage of their building under this Section. In addition, the policyholder can choose Sum Insured (S.I.) amongst ₹ 4, 6, and 8 lakhs under Plans A, B, & C, respectively.

Section II – Coverage for Contents against Fire & Allied Perils Including Earthquake on First Loss Basis (Excluding Jewellery)

This Section offers coverage for the content kept inside the premises against fire and allied perils. In this, the insured need not provide details of the required items to be insured. However, the condition is that the maximum value of the individual item shall not exceed 10% of the sum selected under plans A, B, & C, and the maximum liability of the company should be ₹ 1, 2, and 3 lakhs under Plan A, B, & C, respectively.

Section III – Coverage for Contents against Burglary and Housebreaking (Excluding Jewellery)

In this Section, the Sum Insured (S.I.) and the liability limit of the company are the same as per Section II. In addition, the insured does not need to provide the details of articles/items for which insurance is purchased.

Section IV- Electrical or Mechanical Breakdown of Appliances/Gadgets

Under this Section, the insured has to provide the details of electrical appliances or gadgets to be insured. The details are provided in the single-page proposal form. The liability limit of the company under this Section is ₹ 30,000, ₹ 50,000, & ₹ 70,000, respectively. The gadgets value proposed for insurance in this Section is the same as the part of S.I. under Sections I & II.

Section V- Personal Accident Coverage for the Insured and Spouse

Under this Section, the policy covers the loss of limb(s), permanent total disability, and accidental death of the insured and their spouse due to any insured perils on a floater basis. However, this policy has set an age limit of 18-70 years. If any of them were above 70 years of age, the other individual would be insured under this Section. However, if both are more than 70 old, no coverage will be offered, and the premium will be reduced from this Section.

You may also read- New India Assurance Griha Suraksha Policy

Table Showing Coverage and Value of Insurable Property under Oriental Sweet Home Insurance Policy

Sections Coverage Value of the Insurable Property as decided by the Insurer (In ₹)
Plan A Plan B Plan C
I (optional cover) Covers the dwelling house against fire & allied perils, including earthquakes (15% of S.I.) ₹ 4,00,000/- ₹ 6,00,000/- ₹ 8,00,000/-
II (on first loss basis) Cover the dwelling house (excluding Jewellery), and the individual article/item limit should be 10% of the S.I. ₹ 1,00,000/- ₹ 2,00,000/- ₹ 3,00,000/-
III (on first loss basis) Covers the dwelling house (excluding Jewellery) against burglary & housebreaking. Excludes theft & robbery. The individual item limit should be 10% of S.I. ₹ 1,00,000/- ₹ 2,00,000/- ₹ 3,00,000/-
IV (electrical or electronic appliances/gadgets) Covers any electrical or mechanical breakdown of the electronic gadgets (value of an each item should not be less than ₹ 1,000/-) Up to ₹ 30,000/- Up to ₹ 50,000/- Up to ₹ 70,000/-
V (Personal Accident PA cover) Personal Accident coverage for the insured and their spouse on a floater basis. Covers loss of limbs, P.T.D., & accidental death and age limit- 18-70 years ₹ 2,00,000/- ₹ 2,00,000/- ₹ 2,00,000/-

Points to Remember

  • No short-period policy
  • No option to alteration of S.I. (Sum Insured)
  • In case of claims, no reinstatement of S.I.
  • The geographical limit is within India
  • The claim settlement shall be in the Indian currency only

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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