Protect Your Dream House
With Simple Home Insurance
24Cr+
Customers Served
140+
Locations
98%*
Claims Settled FY 23-24
Why Simple Home Insurance Policy?
Secure Your Most Important Asset!
For most of us, our home is one of our most expensive and treasured assets that gives us a sense of protection and security. Thus, it is important that we opt for a home insurance policy and safeguard our abode from unanticipated events such as earthquake, floor, fire, etc. SBI General’s Simple Home Insurance Policy is a comprehensive insurance plan that protects the home structure and its contents against various risks.
Who Can Buy This Policy?
Indian householders who are owner/occupants of the flat / apartment / independent building can buy this policy. Tenants can also buy this policy, but they can only insure the contents as they do not own the structure.
Simple Home Insurance Key Features
Provides protection from catastrophic losses such as those incurred by natural disaster.- Provides protection against lawsuits due to injury on your property.
- Provides protection against theft and burglary of Insured’s belongings.
- Provides protection of collaterals of Lending institution.
- Provides complete solution to various risks under one Umbrella.
- Not taking home insurance is a high risk on Insured’s most valuable assets.
What’s Covered Under Simple Home Insurance?
This policy covers physical loss, damage, or destruction caused to the property due to the following reasons:
- Fire
- Explosion or implosion
- Lightning
- Earthquake, volcanic eruption, or other convulsions of nature
- Storm, cyclone, typhoon, tempest, hurricane, tornado, tsunami, flood and inundation
- Subsidence, landslide, rockslide
- Bush fire, forest fire, jungle fire
- Impact damage of any kind
- Missile testing operations
- Riot, strikes, malicious damages
- Bursting or overflowing of water tanks, apparatus and pipes
- Leakage from automatic sprinkler installations
- Theft within 7 days from the occurrence of and proximately caused by any of the above insured events.
- Damage caused by an act of sabotage/terrorism
- Breakdown of domestic electrical and electronic appliances
Disclaimer: The terms and conditions of these covers are mentioned in the policy wordings of SBI Simple Home Insurance policy. People are advised to go through the policy wordings carefully before buying the plan.
What’s Not Covered Under Simple Home Insurance?
- Loss, damage, or destruction to war, invasion, war-like situation.
- Wilful/ self-caused injury/incident caused by you, your family or your domestic help.
- Illegal activities.
- Ionizing radiation contamination.
Disclaimer: The above list of exclusions is illustrative and not exhaustive. For a full list of the exclusions, please refer to policy wordings.
FAQs About Simple Home Insurance
Any resident Indian who is the owner and/or tenant of the property can purchase Simple Home Insurance Policy. The owner can cover both the building and its contents and Tenant can cover the contents.
The Simple Home Insurance Policy of SBIG protects homeowners against the damage and losses that affect their property and contents.
The maximum policy period is 3 years under Simple Home Insurance Policy.
Self, Spouse, Children, Parents, and Parents-in-laws can be covered under the Personal Accident Section of the Policy.
Yes, loss or damage to property insured due to the explosion of a domestic gas cylinder and electric short circuit is covered under Simple Home Insurance Policy.
Product Name : Simple Home Insurance
UIN
IRDAN144RP0002V02201617
Disclaimer:
For more details on the risk factor, terms and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding a sale.
SBI General Insurance and SBI are separate legal entities and SBI is working as Corporate Agent of the company for sourcing of insurance products.
Tax Benefits are subject to change in Tax Laws
*T&C Apply
Policy Documents
Access and manage all your Insurance Needs in one place, right at your Fingertips.
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Vision
Our vision is to become the most trusted general insurer for a transforming India.
Mission
Our mission is to provide simple and innovative general insurance solutions, be responsive to our customers' needs and build a sustainable business for the future.
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