SBI Simple Home Insurance Policy

SBI Simple Home Insurance Policy is a comprehensive property insurance plan that protects the home structure and its content against potential risks and losses. This package policy also covers theft and burglary, reimbursing the insured for their belongings that may be stolen or damaged.

SBI Simple Home Insurance Policy

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


SBI Simple 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
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.

Protect your house from calamities

cover starting just @ ₹9/month*

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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.

SBI Simple Home Insurance Policy

SBI Simple Home Insurance Policy is a comprehensive property insurance plan that protects the home structure and its content against potential risks and losses. This package policy also covers theft and burglary, reimbursing the insured for their belongings that may be stolen or damaged.

SBI Simple House Insurance Policy

Categories Key Benefits
Policy Duration 03 years
Buildings Covered All the residential properties
*Key Specifications Coverage against natural disasters.
Protection against theft and burglary of insured content.
Comprehensive policy covering various risks.
*Key Coverage Covers the damage caused by an act of sabotage/terrorism.
Coverage for lending institutions' collaterals, ensuring that assets purchased under loans remain secure.

*Disclaimer: The above table is for illustration purposes only. For exact coverage and related benefits, kindly review the policy wordings available on the SBI General Insurance Companies’ official website.

Inclusions of SBI Simple Home Insurance Policy

The SBI Simple home insurance policy provides coverage for various causes of physical loss, damage, or destruction to the insured property against the following perils-

  • Explosion or implosion
  • Fire and lightning
  • Damage impact due to earthquake, volcanic eruption, or other nature’s fury
  • Storms, typhoons, tempests, cyclones, tornados, tsunamis, hurricanes, floods, and inundations
  • Landslides, rockslides, and subsidence
  • Different types of fire- bush fire, forest fire, or jungle fire
  • Impact damage
  • Missile testing operations
  • Riots, strikes, or malicious activities
  • Bursting or overflowing of pipes, apparatus, and water tanks
  • Leakage while automatic sprinkler installations
  • Theft or robbery within seven days from the occurrence of and proximately caused by any of the above-insured perils
  • Damage caused by an act of sabotage or terrorist attack
  • Electrical or electronic appliances breakdown.

Exclusions of SBI Simple Home Insurance

The following contingencies or losses are not covered under the SBI Simple home insurance policy-

  • Loss, damage, or destruction due to war, invasion, or war-like situation
  • Illegal activities
  • Willful/ self-caused injury/incident caused by the policyholder or their family member/domestic help
  • Ionizing radiation contamination

*Disclaimer: The above pointers are for illustration purposes only. For full details of the inclusions & exclusions of the policy, kindly refer to the policy wordings available on the insurer's website.

How is SBI Simple Home Insurance Premium Determined?

Your SBI Simple home insurance policy is based upon three primary factors-

  • Location of the home
  • SI (sum insured)
  • Policy tenure

SBI Simple Home Insurance Claims Procedure

To make your claim insurance procedure simple and hassle-free, Policybazaar's super-efficient customer support team is available. Here are some steps you need to follow to raise claims under your SBI Simple home insurance policy-

  • Inform the legal authorities when an emergency hits you as early as possible and take all the necessary steps to prevent further losses.
  • Immediately inform the police authorities if an act of theft, burglary, terrorism, or strikes causes any loss to your insured property or its content.
  • Download the claim form, fill it up, and submit it. You can directly connect with the Policybazaar Insurance Brokers Private Limited claim assistance team by calling 1800-258-5970.

Note: Ensure you take all the necessary actions to prevent further losses and do not sell/dispose of any insured content until your insurance company gives the orders.

You may also read- SBI General Long-term Home Insurance Policy.

FAQs about SBI Simple Home Insurance 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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