Overview of SBI General Bharat Griha Raksha Policy

The SBI General Bharat Griha Raksha Policy is a comprehensive home insurance policy for homeowners, tenants and property owners. The policy offers protection to the insured's home, contents and related threats to the property. Offered by SBI General Insurance Co. Ltd., the policy safeguards physical damage or destruction of your home for a policy tenure ranging from 1-10 years.

SBI General Bharat Griha Raksha Policy

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


SBI General 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
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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 SBI General Bharat Griha Raksha Policy

The SBI General Bharat Griha Raksha Policy is a comprehensive home insurance policy for homeowners, tenants and property owners. The policy offers protection to the insured's home, contents and related threats to the property. Offered by SBI General Insurance Co. Ltd., the policy safeguards physical damage or destruction of your home for a policy tenure ranging from 1-10 years.

SBI General Bharat Griha Raksha Policy: Key Benefits

Category Specification
Policy Term 1-10 years available
Eligibility Can be bought by homeowners and tenants
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
Optional Coverage* Valuable contents cover based on agreed value
Personal accident cover of upto Rs. 5 lakh per person
Cancellation Available

*For exact coverage and benefits please go through the official policy wording provided on the insurer’s official website

Add-On Benefits of SBI General Bharat Griha Raksha Policy

There are two optional covers or add-ons offered by this SBI General Bharat Griha Raksha Policy:

  1. Personal Accident Cover

    In case of an insured event if your house building or content results in your or your spouse's death, then the insurer will provide a compensation of Rs. 5 lakh per person.

    In case the insured peril results in the policyholder's death, then this personal accident cover will cover the spouse until its expiry.

  2. Valuable Contents Coverage on Agreed Value Basis

    This option will compensate you for the loss or damage of your insured valuables up to the agreed value. In case of damage, you will be compensated for the cost of repairing that item. In case of a total loss of the insured item, the insurer will you as per the policy terms.

    A valuation certificate may be required if the SI opted is more than Rs. 5 lakh. The insurer may waive off the certification requirement if the SI opted is below Rs. 5 lakh with individual items not exceeding Rs. 1 lakh.

Who can Buy SBI General Bharat Griha Raksha Policy?

The plan is specially designed for building owners. If you want to protect your home from unexpected damages and other perils, SBI General Griha Raksha Policy is a great option covering your home building and contents.

However, if you are a tenant living on a rented property then you can purchase the Home Content cover for your house content. If looking to secure your valuables, you can buy optional coverage. Add-ons for valuable contents in your home will be based on the agreed valuation certificate submitted by you to the insurer.

Inclusions of SBI General Bharat Griha Raksha Policy

This SBI General Bharat Griha Raksha Policy offers coverage for any physical damage, loss or destruction caused to your home according to the policy terms and conditions. The following are the inclusions under Bharat Griha Raksha Policy:

  • Property damage or destruction due to fire, explosion/implosion or lightning is covered. However, damage due to the burning of the insured house by a public authority is not covered.
  • Loss/destruction caused by volcanic eruptions, earthquakes and other natural convulsions including tsunamis, storms, typhoons, hurricanes etc. is covered.
  • The policy offers in-built covers for up to 5% of the claim amount for fees of the surveyor, architect, and consulting engineers.
  • The policy also covers loss of rent/rent for alternative accommodation if the home building is not fit for stay due to a physical loss caused by an insured event.
  • Up to 2% of the claim amount for removing debris from the site is also covered under this policy.
  • Subsidence of your property's land due to landslides and rockslides is covered.
  • Impact damage due to external physical objects (like falling trees, aircraft, vehicles, etc.) is covered.
  • Malicious damage, riots, strikes etc. are covered.
  • Loss/damage because of bursting/overflowing of pipes or water tanks covered.
  • Damaged due to forest fire, bush fire, and jungle fire is covered.
  • Damages due to acts of terrorism are covered as per the policy schedule.
  • Damages due to missile testing operations are covered.
  • Loss or damage because of automatic sprinkler leakage is covered.
  • Any theft that has taken place within seven days from the occurrence of any of the above-insured events.

Exclusions of SBI General Bharat Griha Raksha Policy

Some contingencies will not be covered under this SBI General Bharat Griha Raksha policy. Take a look at the policy exclusions below:

  • Intentional damage to the house on your or anyone else's behalf won't be covered.
  • If the house is burned by the public authority, it won't be covered by the policy.
  • Loss or damage to the house because of rebellion, war, acts of a foreign enemy etc. are not covered by the policy.
  • Property damage due to nuclear contamination or ionising radiation will not be covered by the policy.
  • Loss of earnings, damages to the house or its content due to consequential loss is not covered.
  • Contamination by pollution won't be covered unless it is a result of an insured event.
  • Electrical breakdowns like short-circuiting, electricity leakage etc. are not covered.
  • Loss of manuscripts, drawings, unset precious stones, vehicles etc. are not covered unless optional coverage has been opted for.
  • Subsidence of your home's land due to the normal cracking, settlement movement, river erosion or defective workmanship/construction is not covered.
  • Reduction in the market value after repairs of the insured property is not covered.
  • Unauthorized extensions or alternations to the home's carpet area by over 10% of the carpet area are not covered unless an additional premium has been paid.
  • Extra costs towards the preparation of any claim are not covered by the policy.
  • Loss of insured contents whose disappearance can't be linked to an identifiable event will not be covered.

Claim Procedure for SBI General Bharat Griha Raksha Policy

In case your home or home content is damaged due to one or more insured perils, then you must raise a claim at the earliest. By no means you should delay informing the insurance company for more than 30 days. 

Claims filed after 30 days from you first noticed the damage/loss will not be liable. SBI General Bharat Griha Raksha Policy has a straightforward claim procedure, make sure to follow these steps:

  • Immediately reach out to concerned legal authorities (fire brigade, police, ambulance, etc.)
  • Inform the insurer about the mishap as soon as possible so that they can assess and investigate the losses your property has suffered.
  • Provide the relevant details including your home insurance policy number, police report details, a brief statement about the loss, details of damages under any add-on coverage, and photos of damage wherever possible.
  • If there is a theft or burglary, ensure filing FIR with the police or a written complaint on time.
  • Until your damage has been investigated by the insurance officials, don’t carry out any repairs or dispose of any damaged items.

Based on the surveyor's report to the company, you will be compensated for the damages your house has incurred.

FAQs About 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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