Bajaj Allianz My Home Insurance Policy

Bajaj Allianz My Home Insurance Policy Introduction

Bajaj Allianz My Home Insurance Policy Provides insurance protection for not only the home but also for the things inside the home. Bajaj Allianz my home insurance policy provides a unique insurance policy for policyholder as “My Home Insurance All Risk Policy” which is specially designed for the customer needs to offer cover against various risks. If Policyholder has any Flat or Apartment or Independent Building which is less than 30 years old can buy this Bajaj Allianz My Home Insurance Policy for his Building or contents, Jewellery and valuables, Work of art and Curious of art. This Bajaj Allianz My Home Insurance Policy offers to buy this policy for Non-Owners of residential structure to insure their Jewellery & Valuables and Contents. Main Scope of Bajaj Allianz My Home Insurance Policy cover is to provide insurance cover to policyholder in case of any unfortunate damages or loss of property with some other exclusions. This Bajaj Allianz My Home Insurance Policy provides 3 plans. They are

• Platinum plan
• Diamond plan
• Gold plan

Benefits of Bajaj Allianz My Home Insurance Policy

• Provides cover at affordable cost
• Provides Rebates on Premium
• Waiver of Condition of Average for Contents
• Automatic Reinstatement of Sum Insured for Contents

Options to Insure for Building (Structure):

• Agreed Value Basis (Flat/Apartment): Insured has the Option to insure either Flat/Apartment Only OR Contents Only OR Both.
• Reinstatement Value Basis  (Flat/Apartment/ Independent building): Insured has the Option to insure either Flat/Apartment/Independent Building Only OR Contents Only OR Both.
• Indemnity Basis (Flat/ Apartment/ Independent building): Insured has the Option to insure either Flat/Apartment/Independent Building Only OR Contents Only OR Both.

Policy Period: Bajaj Allianz My Home Insurance Policy Provides policy period of 1-3 years.

Portable Equipments Coverage:

• Inbuilt Coverage: India
• Coverage Extension On Payment of Additional Premium: Worldwide

Rent for alternate accommodation:

• Agreed Value Basis (Flat/Apartment): 0.5% of the Flat/Apartment Sum Insured or actual rent whichever is less subject to a maximum of Rs.50,000/- per month for the period until the Completion of Reconstruction or 24 months whichever is less.
• Reinstatement Value Basis  (Flat/Apartment/ Independent building): 0.3% of the “Building” Sum Insured or actual rent whichever is less subject to a maximum of Rs.35,000/- per month for the period until the Completion of Reconstruction or 24 months whichever is less.

Bajaj Allianz My Home Insurance Policy Cover Options

Various options Covered Under this Bajaj Allianz My Home Insurance Policy are listed below

• Buildings and Contents Including Portable Equipments
• Jewellery, Valuables, Curious etc
• Loss of Rent
• Temporary Resettlement Cover
• Keys & Locks Replacement Cover
• ATM withdrawal Robbery Cover
• Lost Wallet Cover
• Dog Insurance Cover
• Public Liability Cover
• Employee’s Compensation Cover

Bajaj Allianz My Home Insurance Policy Discounts 

Long Term Discount: If the policyholder opt to insure cover options for more than one year then rebates on total premium are provided under this Bajaj Allianz My Home Insurance Policy. Discounts on total premium are tabulated below

Policy Term	Discount on Premium
2 years	7%
3 years	20%

Bajaj Allianz My Home Insurance Policy Premium Rates

Basic Premium Rates:

Type of cover option	Platinum Plan (Basic  Premium Rate Per Mille)	Diamond Plan (Basic  Premium Rate Per Mille)	Gold Plan (Basic  Premium Rate Per Mille)	Loading for Worldwide Coverage
Building	0.45%	0.45%	0.40%	Not Applicable
Contents On Indemnity Basis	6.5%	6.5%	6.5%	10% of the Basic Premium Rate For Contents
Contents On New for Old Basis	7.75%	7.75%	7.75%	10% of the Basic Premium Rate For Contents
Jewellery & Valuables	8%	8%	8%	25% of the Basic Premium Rate For Jewellery & Valuables
Works of Art , Curios, Paintings	10%	10%	10%	Not Applicable

Add on Cover Rates:

Name of the Cover	Premium Rate
Loss of Rent	0.68%
Temporary Resettlement Cover	0.6% subject to a minimum premium of Rs.50
Keys & Locks Replacement Cover	10% subject to a minimum premium of Rs.50
ATM withdrawal Robbery Cover	Rs.150
Lost Wallet Cover	Rs.50
Dog Insurance Cover	50%
Public Liability Cover	0.5%
Employee’s Compensation Cover	Bearers, Khitmatgars, Hamals, Cooks, Sweepers, Mali and Mehters : Rs.10 Per Capita. Motor Car Driver, Cleaners and attendants: Rs.24.30 Per Capita.

Bajaj Allianz My Home Insurance Policy Proposal forms

More details regarding this Bajaj Allianz My Home Insurance Policy buying procedure is given below

Bajaj Allianz My home insurance Policy proposal forms

Bajaj Allianz My Home Insurance Policy Claim Forms

More details regarding this Bajaj Allianz My Home Insurance Policy claim procedure is given below

Bajaj Allianz My home insurance policy claim forms

Bajaj Allianz My Home Insurance Policy Customer care

For any Information and doubts regarding this Bajaj Allianz My Home Insurance Policy, you can contact the company. Address and details of company are given below

Address: Bajaj Allianz General Insurance Company Limited.

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

Exclusions of Bajaj Allianz My Home Insurance Policy

The Bajaj Allianz My Home Insurance Policy does not cover Loss or damage to the Property by or due to or arising from:

• Misrepresentation or Non-Disclosure of any material particulars/facts /information.
• Damages which are Pre existing in nature. (Applicable to Contents and Building)
• Loss or Damage or Collapse of “Building” due to structural defects, latent defects, poor maintenance, workmanship.
• In case of any Manufacturing defects in Electrical, Mechanical and Electronic Items for which the manufacturer is responsible.
• Loss, destruction or damage to the contents or items in Refrigerator/Fridge or similar type of Cold Storage caused by change of temperature.
• Loss or damage however caused to Electronic and Electrical Equipments, Domestic Appliances older than 10 Years and Portable Equipments older than 5 Years are excluded under this policy.
• Loss or damage to Money, Securities, Manuscript, Deeds, Bonds, Bills of Exchange, Promissory Notes, Stock, Business Books or Documents, Plans, Designs, Blueprints, Credit/ Debit/ ATM cards , Club Membership Cards are excluded under this policy.
• Jewellery and Valuables, Works of Art, Paintings, Curios unless specifically insured. Further, we shall not be liable for loss or damage to Paintings, Works of Art, Curios due to Breakage, Cracking or Scratching, unless caused by fire or Accidental External means.
• Loss, damage or liability arising directly or indirectly from seepage, pollution or contamination, however such seepage, pollution or contamination may have been caused.
• Theft and Burglary Claims, if the premise is left unoccupied for more than continuous 45 days
• Loss or damage due to theft or attempted theft by any employee of yours or loss or damage occasioned through your or any of your employees willful act or the willful act of any other person with your, unless a FIR has been lodged against the employee.

Additional Information of Bajaj Allianz My Home Insurance Policy

Cancellation: The policy may be cancelled by you at any time by giving at least 15 days written notice to us. We will refund premium on a short period basis by reference to the time cover is provided by deducting a minimum retention of premium of 100 Rupees.

FAQ’s of Bajaj Allianz My Home Insurance Policy

How can I select sum insured for building under this policy?

The Sum Insured for Flat / Apartment on Agreed Value Basis shall be value arrived at by

multiplying the Total Square.

Example for Sum Insured Calculation:

Location	Total Square Feet Area Mentioned in the Registered Sale Deed Agreement (a)	Ready Reckoner Price per Sq Ft for mentioned Location as on Date of Proposal (b)	Sum Insured=       a x b
Patamata, Vijayawada	800 Sq.ft	Rs. 7900 per Sq.ft	800 x 7900 = Rs.63,20,000

How can I select sum insured for Jewellery and valuables under this policy?

For Jewellery and valuables for 3 different plans the sum assured is given below

• Gold Plan up to – Rs. 2,50,000
• Diamond Plan up to – Rs.5,00,000
• Platinum Plan up to – Rs.10,00,000 for the purpose of Sum Insured, provide a list of the Jewellery and Valuable Items to be insured with full description and Market Value.

For Jewellery and Valuables above the limit for the purpose of Sum Insured, provide a Valuation Report of the Valuer approved by us.

What are the excess options available for Building under this plan?

The Policyholder may opt for any one of the below Excess and avail a discount on basic premium rate for Buildings.

Excess For Each and Every Claim (in Rs.)	Discount On Basic Premium Rate for Buildings
5000	5.0%
10000	10.0%
15000	15.0%
20000	18.0%
25000	21.0%
30000	24.0%
35000	27.0%
40000	30.0%
45000	32.5%
50000	35.0%

Bajaj Allianz My Home Insurance Policy Forms and Documents

Bajaj Allianz My Home Insurance Policy Brochure

Bajaj allianz my home insurance burglary insurance brochure

Bajaj allianz home fire insurance policy brochure