Bajaj Allianz householders package policy Introduction
Bajaj Allianz householders package policy has introduced to provide innovative packages to meet individual needs. Bajaj Allianz householders package policy provides 10 insurance covers such as covering loss of valuable jewellery, Burglary and theft etc. Bajaj Allianz householders package policy has specially designed to cover various risks of your home and also protects various belongings inside your home. This Bajaj Allianz householders package policy provides insurance cover at an affordable cost. Bajaj Allianz householders insurance package policy also provides special discounts on premium.
Benefits of Bajaj Allianz householders package policy
- This policy provides protection for property such as buildings and contents, jewellery and valuables.
- Also provides protection for domestic appliances, electronic equipments, mechanical breakage of things etc.
- Provides protection against Burglary, fire and Allied perils.
- This Bajaj Allianz householders package policy provides a personal accident insurance cover in order to avoid financial problem and provides security to your family under a single policy.
- Note: Under this Bajaj Allianz householders package policy Terrorism insurance cover can be opted by paying extra premium.
Bajaj Allianz householders package policy insurance cover options
Various insurance cover options to provide protection under single policy are explained below
Fire and Allied Perils: This cover provides insurance in case of damage or loss due to
- Fire
- Lightning
- Explosion/Implosion
- Aircraft damage
- Damage from rail or road vehicle or animals
- Riots
- Strike and Malicious damage
- Storm, Cyclone, Flood, Earthquake
- Landslide including rock slide
- Missile testing operations
- leakage from automatic Sprinkler Installations and Bush fire
Burglary and Theft: This cover provides insurance in case of loss or damage of housebreaking, contents and things due to theft and burglary. Under this Bajaj Allianz householders package policy this cover provides protection of 40% of total value of contents on first loss basis. The total sum insured should be the market value of the property.
Jewellery and valuable items: This cover provides insurance in case of loss of jewellery and valuables. Under this Bajaj Allianz householders package Policy valuation certificate is required to cover jewellery and precious items.
Plate Glass: In case of any accident breakage of glass plate, this policy cover provides insurance against damage.
Breakdown of Domestic appliances: This Bajaj Allianz householders package policy provides insurance to domestic appliances such as Air conditioners, refrigerators etc.
Note(Optional Coverage): Under this section Air Conditioners can be covered by payment of additional premium @ Rs.10 (Service Tax Extra) per Rs.1000 of Sum Insured. For more information regarding Income Tax Benefits, visit www.taxqueries.in.
Electronic equipments: The Policyholder can insure TV and VCR against all risks of sudden physical losses.
Deductibles: The Insured shall bear the first 10% or Rs.2500/- (whichever is higher) of any claim concerning computers, and the first 10% or Rs.500/- (whichever is higher) of any claim concerning any other item of electronic equipment.
Pedal Cycles: Under this Bajaj Allianz householders package Policy pedal cycle cover option is available to cover insurance against accidents caused by pedal cycles.
Baggage Cover Option: This option covers protection against theft in case of loss of your baggage while travelling anywhere in India.
Personal Accident Insurance Cover option: This Bajaj Allianz householders package Policy provides insurance cover option for personal accident.
Eligibility conditions Under this Personal Accident Insurance Cover option are tabulated below
| Entry age (for proposer and spouse) |
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| Dependent children can be covered |
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| Policy period |
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| Renewal age |
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Benefits Covered Under this Personal Accident Insurance Cover option are given below
- In case of death of sum insured due to accident, 100% of sum Insured is given to nominee.
- In case of Permanent total disability due to accident, Highest Compensation of 125% sum Insured is given to nominee.
- In case of Temporary total disability due to accidental, 1% of sum Insured or Rs.5000 per week which is lesser, is given to nominee.
Personal liability or workmen compensation: This option covers protection against all risks due to our actions can cause injuries or property damages to third parties. In such cases coping with the liability can result in a large financial burden.
Bajaj Allianz householders package policy Discounts
The Bajaj Allianz householders insurance package Policy provides rebates on premium by opting more cover options. Rebates on premium are tabulated below
| Cover Option | Discount on premium (%) |
| 5 or 6 options chosen | 15% on all cover options except on Fire and Allied Perils |
| 7 or more | 20% on all cover options except on Fire and Allied Perils |
Bajaj Allianz Householders Package Policy Premium table
|
Cover Option |
Premium Rate(per Rs.1000 sum Insured) |
Remarks |
| Fire and Allied Perils | 0.5 | Not Applicable |
| Terrorism cover extension | 0.08 | Not Applicable |
| Burglary and theft | 2.25 | 40% of first loss cover with 150% premium on first loss amount |
| Jewellery and valuable items | 10 | 40% of first loss cover with 150% premium on first loss amount |
| Plate Glass | 10 | Not Applicable |
| Breakdown of domestic appliances except AC | 2.25 | Not Applicable |
| Breakdown of AC | 10 | Not Applicable |
| Electronic equipments | 10 | 0.15% of terrorism cover |
| Pedal cycle | 10 | Not Applicable |
| Baggage insurance | 7.5 | Not Applicable |
| Public Liability | 0.5 | Not Applicable |
| Workmen compensation | As per WC tariff | Not Applicable |
Bajaj Allianz Householders Package Policy Customer care
For any Information and doubts regarding this Bajaj Allianz Householders Insurance Package Policy, then you can contact the company. Address and details of company are given below
Address: Bajaj Allianz General Insurance Co. Ltd.
G.E. Plaza, Airport Road, Yerawada,
Pune – 411006. IRDA Reg No.: 113.
Company site: www.bajajallianz.com
For Any Query (toll Free):
1800-209-0144
1800-209-5858
Send SMS: SMS HOME TO 560703
Bajaj Allianz Householders Insurance Package Policy Proposal forms
More details regarding this Bajaj Allianz householders Package Policy buying procedure is given below
Bajaj Allianz householders package policy proposal forms
Bajaj Allianz Householders Insurance Package Policy Claim Forms
More details regarding this Bajaj Allianz householders Package Policy claim procedure is given below
Bajaj Allianz householders package policy claim forms
Exclusions of Bajaj Allianz householders package policy
- In case of any damage due to terrorism, such type of damages are excluded under this Bajaj Allianz householders package policy.
- Main exclusion under burglary and theft cover is Loss of livestock, motor vehicles, pedal cycles and money stamps unless specifically declared. Burglary/Housebreaking where any member of the insured’s family is the principal.
- In case of loss or damage of jewellery due to cracking, scratching or breakage of lens, glass and gramophone records are excluded.
- In case of any thing theft from car without locking door properly are also excluded under this Bajaj Allianz householders package policy.
- Breakage of glass plates during removal or alterations or repairs, then no insurance is provided under this policy.
- In case of breakage of glass due to not fixing securely then this type of situations are excluded.
- Domestic appliances more than 10 years old are not insured.
- In case of loss or damage due to manufacturing defect then no insurance is provided under this policy.
- Loss or damage due to wear and tear.
- In case of any accident or loss caused by pedal cycle outside the India then these type of losses are excluded under this policy.
- Loss of money, securities, jewellery or valuables, travel tickets, cheque, share certificates and articles while travelling.
- If policyholder attempts suicide or self-inflicted injury then this type of situations are not covered under this policy.
- If policyholder death due to consumption of liquor or drugs then under this situation no insurance cover is provided.
Additional Information of Bajaj Allianz householders package policy
Free look period: If policyholder is not satisfied with policy coverage, terms and conditions then the policyholder can cancel his policy cover within 15 days of policy contract. Free look period is not applicable for renewal policies.
Grace Period: A grace period of 30 days is allowed.
FAQ’s of Bajaj Allianz householders package policy
What are the exceptions covered under this policy?
- Breakage of glass plates during removal or alterations or repairs, then no insurance is provided under this policy.
- In case of breakage of glass due to not fixing securely then this type of situations are excluded.
- Domestic appliances more than 10 years old are not insured.
How can I select sum assured for fire and Allied perils under this policy?
Reinstatement value basis: Under this policy if the policyholder has lost or damage of any thing then the old thing is replaced by new thing. At the time of loss the claim will be settled without applying depreciation.
Market Value: Under this section the market value is based on the age of the item. At the time of loss the claim will settled with applying depreciation.
What are the death benefits covered under personal accident ?
In case of death of sum insured due to accident, 100% of sum Insured is given to nominee.
Bajaj Allianz householders package Insurance policy forms and documents
Bajaj allianz Householders Package policy brochure