With our comprehensive & affordable Home Insurance plans, add a silver lining to every adversity, natural or man-made.
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**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*For 50 lakhs Structure Value
Every person dreams to have its home one day and SBI Long Term Home Insurance Policy protects your dream from unknown calamities. It provides a Building Sum Insured to cover your loss and helps you to strengthen financially.
Policy Tenure |
Building Sum Insured |
||||
|
5000000 |
4000000 |
3000000 |
2000000 |
|
5 |
10913 |
8730 |
6548 |
4365 |
|
10 |
14551 |
11640 |
8730 |
5820 |
|
15 |
21826 |
17461 |
13096 |
8730 |
|
20 |
29101 |
23281 |
17461 |
11640 |
Maximum and minimum Sum assured –
Sum assured can be arrived on the basis of (Cost of reconstruction/per sq. ft. * Area of construction in sq. ft.). As per standard procedure, reconstruction cost includes the value of plinth and foundation. It does not include the value of the land.
Policy Tenure
You can take the plan from a minimum tenure of 3 years up to a long tenure of 30 years according to your requirements.
Fire |
Lightning |
Aircraft damage |
Explosion/Implosion |
Riot, Strike & Malicious damage |
Impact damage |
Storm, Cyclone, typhoon |
Bush wire |
Earthquake |
Leakage from automatic sprinkler installation. |
Missile testing operation |
Bursting of water tank. |
Policy termination -Policyholder is allowed to terminate the policy at any time by giving a 15 day written notice. In case no claim has been made under the policy, percentage of premium will be refunded.
Free look period -If you are not happy with the coverage, and terms and conditions of the home insurance policy, you have the option of cancelling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Forest fire |
War or nuclear group of perils |
Consequential losses |
Pollution or contamination |
Electrical or mechanical breakdown |
Volcanic eruption |
Policyholder has to fill up an ‘Application form/ proposal form’ and submit it along with the address proof and a photograph.