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Householder's Insurance Policy Salient Feature
Personal effects and household goods belonging to individual
householders can be covered under this home
Insurance. It covers under single policy a number of risks.
Scope of Cover
Section I : Fire & Allied Perils
This covers loss of or damage to the building/contents
by fire & allied perils, such as riot, strike, lightning,
explosion, flood, cyclone, inundation earth quake etc. (for
further details please contact nearest office)
Rate of Premium
: Rs. 0.50 per mille.
Section II : Burglary & Housebreaking
including larceny and theft.
This covers all contents in the premises against the above
risks. The Sum Insured on contents under this section as well
as Section I will be the same.
Rate of Premium : Rs. 2.40 per
mille.
Section III : All Risks
This covers
loss or damage to jewellery & valuables caused by accident
whilst anywhere in India. Recent invoice/receipt or valuation
Certificate should be obtained for items valued at more than
Rs.5000/- each.
Rate of Premium : Rs.10.05 per mille.
Section IV : Plate Glass
This covers
loss of or damage to fixed plate glass in the insured premises
by accidental breakage.
Rate of Premium : Rs. 10.05 per mille.
Section V : Breakdown of domestic
appliances
This Section Covers Loss or damage to domestic appliances
caused by mechanical and/or electrical breakdown. Sum Insured
in respect of each item should be its new replacement value.
Excess : One percent of the Sum Insured in respect of each
domestic appliance separately or Rs.50/- whichever is higher.
Rate of premium : Rs.2.50 per mille.
Section VI : Television
Sets & VCR/VCP
This covers :
- loss of or damage to the television apparatus and VCR/VCP
in insured premises by fire and allied perils, burglary
and/or housebreaking Or theft, accidental external means
and mechanical or electrical breakdown.
- Legal liability up to a limit of Rs.25,000/-
- Damage to Insured's property caused by breakage of the
antenna fittings up to a limit of Rs.3,000/-.
Rate of Premium : Rs.10.05 per mille.
Section VII : Pedal cycle
This covers :
- loss of or damage to pedal
cycle belonging to Insured by Fire and allied perils, burglary,
housebreaking or theft and accidental external means.
- Legal liability upto a limit of Rs.10,000/-
Rate of premium : Rs.20.05 per mille.
Franchise : Rs.10/- of each and every loss due to accident,
i.e. if the loss or damage exceeds Rs.10/- the full claim
is payable.
Section VIII : Baggage
This covers
loss or damage to Insured's accompanied baggage by accident
or misfortune whilst the Insured is on tour or holiday anywhere
in India.
Rate of Premium : Rs.7.55 per mille.
Section IX : Personal Accident
The
Insured, his spouse and his children, all between the age
of 5 and 70 years can be covered under this section.
The insurance covers death, permanent total disablement, permanent
partial disablement and Temporary total disablement.
Additional Benefits :
1. Expenses incurred for carriage of dead body of Insured
(death due to accident only) to place of residence subject
to a maximum of 2% of Capital Sum Insured of Rs.1,000/- whichever
is lower.
2. Medical expenses arising out of an accident up to 10%
of Capital Sum Insured or 40% of the admissible claim whichever
is lower against an additional Premium of 20% of basic Premium.
Rate of premium : Ranging from Rs. 0.40 to Rs.3.00 per mille
(for details Please refer Policy literature for our Personal
Accident Policy).
Source: http://www.nationalinsuranceindia.com/
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