TATA AIG Bharat Griha Raksha Policy

The TATA AIG Bharat Griha Raksha policy covers the building structure and content. Under this policy, the insurance company agrees to pay for the physical loss to the insured building structure and the articles in the building.

TATA AIG Bharat Griha Raksha Policy

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


TATA AIG 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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**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.

TATA AIG Bharat Griha Raksha Policy

The TATA AIG Bharat Griha Raksha policy covers the building structure and content. Under this policy, the insurance company agrees to pay for the physical loss to the insured building structure and the articles in the building.

TATA AIG Bharat Griha Raksha Policy: Key Features

Categories Key Benefits
Policy Tenure Up to 10 years
Buildings Covered All residential properties in India
Key Specifications* A comprehensive policy for home structure and home content.
In-built coverage for loss of rent/alternative accommodation.
Coverage* Personal accident cover of ₹ 5 Lakh/person
Valuable content cover on agreed value basis

Disclaimer:The illustrated table is for reference purposes only. Kindly refer to the policy wordings to understand the exact policy coverage and specifications.

Inclusions of TATA AIG Bharat Griha Raksha Policy

The TATA Bharat Griha Raksha policy offers coverage of the following events-

  • Physical loss or damage caused to the insured property due to fire, lightning, and explosion/implosion.
  • Loss or damage due to earthquake/volcanic eruption or other nature’s fury.
  • Loss or damage due to several natural calamities, such as storms, cyclones, tempests, hurricanes, typhoons, inundations, floods, etc.
  • Loss or damage due to different types of fire, including forest, jungle, and bush fires.
  • Damage landslide or rockslide in the subsidence of the land on which your home structure is built.
  • Any impact damage caused by external physical objects, such as vehicle falling trees, walls, trees, etc.
  • Malicious activities, such as riots and strikes, cause loss.
  • Loss is covered as per the terrorism clause in case of a terrorist attack.
  • Loss or damage caused by bursting, overflowing, or leakage from automatic sprinkler installations, water pipes, tanks, and apparatus.
  • Damage caused by missile testing operations.
  • Coverage for loss caused by theft within seven days and driven by the events mentioned above.

Exclusions of TATA AIG Bharat Griha Raksha Policy

Some common exclusions of the TATA Bharat Griha Raksha policy are as follows-

  • Any intentional activity causing physical loss or damage.
  • Damage due to war, invasion, and war-like operations.
  • Any consequential loss or indirect damages.
  • Loss or damage to bullion, gold, unset precious stones, manuscripts, and motor vehicles.
  • Physical damage or loss caused to the added, extended or altered building structure more than 10% of its carpet area, which was not mentioned in the policy documents during purchase.
  • Any cost or fee incurred for preparing claims.

*Disclaimer:To understand the entire list of inclusions and exclusions, kindly refer to policy documents available on the official website of the TATA AIG General Insurance Company.

What is Insured under TATA AIG Bharat Griha Raksha Policy?

You can cover the building structure under the TATA Bharat Griha Raksha policy. You can also cover additional structures, such as garages, balconies, domestic outhouses for residences, attached verandahs, retaining & compound walls, parking areas, water tanks, solar panels, permanent fixtures & fittings and attached/link roads.

In addition, the policy protects home contents such as refrigerators, television, furniture & fixtures, and other articles used in daily households. By paying an additional premium, a separate clause covers valuable contents such as jewellery, precious artwork, silverware, etc.

Further, the policy also pays for the following expenses-

  • Coverage up to 5% of the claim amount for the fees of an architect, surveyor, and engineer to re-construct the damaged or destructed home structure.
  • Coverage up to 2% of the claim for removing debris from the accident site.
  • Coverage for the loss of rent and alternative accommodation rent since the damaged building structure is not fit for living due to the physical damage/loss from the insured events.

Who can Buy TATA AIG Bharat Griha Raksha Policy?

All homeowners, authorised occupiers, landlords, and tenants can buy the TATA Bharat Griha Raksha policy online. Note that you, an individual, can buy this cover only if the building is used for residential purposes. However, the building is being used for commercial activity.

How Sum Insured (SI) is Calculated for Tata AIG Bharat Griha Raksha Policy?

The policy offers coverage for the amount required to rebuild it. It is calculated based on the prevailing rate of construction of building the home structure at the time of commencement of the policy.

In the case of household content, there is an automatic cover for general contents for 20% of the SI for home building cover subject to a maximum of ₹ ten lakhs if you have purchased the coverage for both building and content. However, you can increase this amount by declaring the details, or you have a choice to ignore this cover. If you want to buy the home content cover, declare Sum Insured for General Content.

*Disclaimer- To understand how much you are entitled to receive in the event of an accident, refer to the policy wordings.

TATA AIG Bharat Griha Raksha Premium

The premium for the TATA Bharat Griha Raksha policy depends upon the amount of SI and several other factors that define the risk profile of the building structure and its contents.

For details, here is a table showing the premiums for different types of covers under the TATA AIG Bharat Griha Raksha policy-

Coverage Description of the Building & Contents On the Basis Sum Insured (SI) in Rupees (₹) Premium in Rupees (₹)
Home building cover A flat carpet area of 50 sq.m., concrete structure. Basic cost of construction Rs. 20,000 per sq.m. 10,00,000 274.88

Home content cover

  1. General contents for the above flat
20% of building SI 2,00,000 70.10
  1. Valuables for the above flat
As per the agreement 5,00,000 203.60
Home building cover A tin shed house under 15 sq.m. carpet area Basic cost of construction ₹ 5,000 per sq.m. 75,000 35.23
Home content cover General contents available in the above home 20% of Building SI 15,000 5.26
Home building cover Bungalow constructed in 200 sq.m. area Higher construction cost ₹ 30,000 per sq.m. 60,00,000 1941.60

Home content cover

  1. General contents for the above bungalow
As per the agreement 25,00,000 1045.25
  1. Valuables for the above bungalow
As per the agreement 30,00,000 1467

*Disclaimer:The price and rates mentioned in the above table are only for illustration. The actual price and rates may vary.

TATA AIG Bharat Griha Raksha Claim Procedure

To initiate a claim for a covered loss under this policy, follow the steps outlined below-

Step 1: Notify Us Promptly: In the event of a loss, it is essential to inform us immediately. Your notice must include the following details-

  • Policy number
  • Name of the insured
  • Description of the report made to the police
  • Description of any report made to relevant authorities
  • Details of the insured event
  • A brief statement outlining the nature of the loss
  • Information about any other insurance covering your home building or home contents
  • Details of damaged or lost articles under any add-ons or optional covers
  • Whenever possible, submit photographs showing the loss or physical damage.

Step 2: Report to Appropriate Authorities:Additionally, you must report the loss to the police, fire authorities, or any other relevant legal authorities as required.

Step 3: Take Necessary Steps to Prevent Further Damage:Take reasonable actions to prevent further damage to your home building and home contents.

Step 4: Collect Evidence:Get evidence related to the loss and gather relevant documentation. It may include taking photographs or videos of the damage.

Step 5: Assist in Evidence Collection:Cooperate with your representatives in collecting evidence and providing all relevant information, such as records, books of accounts, and other documents.

Step 6: Submit the Claim Form:Submit the claim form at the earliest opportunity, ensuring it is done within 30 days from the date you first notice the loss or damage.

By following the above steps, you can expedite the claims process. Once the insurance company verify that the claim aligns with the terms and conditions of the policy, the team will proceed accordingly.

FAQs about TATA AIG Bharat Griha Raksha Policy

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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(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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