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