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Bajaj Allianz General Insurance Company Limited


Bajaj Allianz General Insurance Company Limited, one of the fastest growing private sector insurance companies in India since its conception in 2001 has created a support base with customer care centers in 155 cities providing the finest customer service. As the company focuses on the insurance needs of the consumers, it has come up with customized and affordable policies that deliver value for money. One such endeavor on the part of Bajaj Allianz is its Home Insurance Plan.

The Bajaj Allianz House- Holders' Insurance policy is designed to cover various risks and contingencies faced by householders under a single policy. It provides protection for property i.e. building or structure and its contents; along with the interests of the insured and his family members who permanently reside with the insured. The unique feature about Bajaj Allianz Householder's policy is its very competitive premium rates, first loss basis option for burglary and jewellery and flexible rating for personal accident of the insured. Bajaj Allianz's Householder's Insurance cover protects against

  • Burglary
  • Damage to plate glass
  • Breakdown of gadget and electronic equipments
  • Damage of domestic appliances due to electrical/mechanical breakdown.
  • Loss of Jewellery and valuables by accident or misfortune
  • Personal accident and baggage loss on trips
  • Public or third party liability
  • Hospital Confinement Allowance
  • Fire and Allied perils

The allied perils which are included in the insurance plans assumed to be the cause for loss/damage to building and its contents are Lightning, Explosion/Implosion, Aircraft damage, Impact damage from rail/road vehicle or animal, riot, strike, malicious and terrorist damage, Storm, cyclone, tempest, hurricane, tornado, flood and inundation. Earthquake, subsidence and landslide including rockslide, missile testing operations, leakage from automatic sprinkler installations and bush fire.

The insured amount given against the perils for building or structure and its contents is assessed either on Reinstatement Value basis -which is the value for replacing the item with a new item of same type and make; or on Market Value basis -which is the reinstatement value less depreciation depending on the age of the item. The policy excludes 5% of the claim amount for each and every claim arising out of natural calamities. Under general conditions the Householder's policy does not cover loss or damage caused by war, nuclear radiation and allied peril.

Bajaj Allianz Householder's Policy also has group discount plans depending on the number of sections opted for; offering discounts of 15% or 20% on the premium. But this offer is excludes the section covering fire.







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