Organisation : The New India Assurance Co. Ltd
Facility : House Holders Policy
Website : http://www.newindia.co.in/content.aspx?pageid=555
House Holder Policy :
Scope :
The policy comprises of 10 sections as given here under
Related / Similar Facility : New India Assurance Two Wheeler Insurance Renewal
Section I – Fire & Allied Perils
** Coverage for building
** Covers contents of the dwelling belonging to the proposer and his/her family members permanently residing with him/her.
Allied Perils :
** Fire, Lightening, Explosion of gas in domestic appliances
** Bursting and overflowing of water tanks, apparatus or pipes.
** Damage caused by Aircraft
** Riot, Strike, Malicious or Terrorist Act
** Earthquake, Fire and/or Shock, subsidence and Landslide (including Rockslide) damage
** Flood, Inundation, Storm, Tempest, Typhoon, Hurricane, Tomado or Cyclone.
** Impact damage
Section II – Burglary & House Breaking including larceny and theft.
Covers contents of the dwelling against loss due to burglary, house breaking, larceny or theft.
Section III – All Risks (Jewellery & Valuables)
Covers loss or damage to your jewellery and valuables by accident or misfortune whilst kept, worn or carried anywhere in India subject to the value declared in the schedule.
Section IV – Plate Glass
Loss or damage to fixed plate glass in the insured premises by accidental breakage subject to limit of sum insured
Section V – Breakdown of Domestic appliances
Covers domestic appliances against unforeseen and sudden physical damage due to mechanical or electrical breakdown.
Section VI – T.V. Set including VCP/VCR (ALL RISKS)
Covers loss or damage to T.V.Set including VCP/VCR by fire and allied perils, burglary, house breaking or theft, breakage due to accidental external means, mechanical or electrical breakdown.
Any legal liability arising out of bodily injury or accidental death of any person other than insured’s family members or employee as also damage to property not belonging to or in the custody of insured , caused by use of the T.V. Set is also covered upto a limit of Rs.25,000/-.
Section VII – Pedal Cycles (All Risks)
Covers loss or damage to pedal cycles by :
** Fire & allied perils
** Burglary, housebreaking, theft
** Accidental external means
** Third party personal injury or Third party property damage for Rs.10,000/-
Section VII – Baggage Insurance
Covers loss or damage to insured’s accompanied baggage by accident or misfortune whilst the insured is traveling on tour or holiday anywhere in India.
Section IX – Personal Accident
Covers Death or bodily injury by accidental, violent, external and visible means to the insured person named in the schedule and subject to limits specified therein.
Section X – Public Liability
Covers Insured’s legal liability for bodily injury or loss of or damage to property of third party limited to amount specified in the schedule and workmen’s compensation liability to domestic servants engaged in insured’s premises.
It is compulsory to opt for Section IB of the policy. A minimum of three sections including Section IB have to be taken for issuance of this policy.
** Highlights
** Scope
** How to select the sum insured?
** How to claim?
This is a package policy specially designed to meet the insurance requirements of a householder.
Highlights :
1. This is a package policy specially designed to meet the insurance requirements of a householder by combining under a single policy, a number of our standard policies usually taken by householders.
2. Discount in premium is offered depending upon the number of sections of the policy, opted for, by the proposer.