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This document provides information about home insurance offered by HDFC ERGO General Insurance Company. It discusses HDFC ERGO's background and expertise in home loans and insurance. It then summarizes the key coverage options for fire and special perils for both buildings and contents, as well as burglary coverage. Premium rates and discounts are also outlined. The document concludes by covering mandatory proposal form requirements and HDFC ERGO's claims process and commitment to timely settlements.

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Sumit Bhandari
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38 views11 pages

Home

This document provides information about home insurance offered by HDFC ERGO General Insurance Company. It discusses HDFC ERGO's background and expertise in home loans and insurance. It then summarizes the key coverage options for fire and special perils for both buildings and contents, as well as burglary coverage. Premium rates and discounts are also outlined. The document concludes by covering mandatory proposal form requirements and HDFC ERGO's claims process and commitment to timely settlements.

Uploaded by

Sumit Bhandari
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HOMEINSURANCE

TheresnobetterwaytohelpsafeguardyourHome

Aboutus:HDFCERGOGeneralInsuranceCompanyLimited

ForIndia,HDFChasbeensynonymouswithhousingloansforalmost30 years.Themarketleaderinhomemortgages,HDFCisamongIndia's premierfinancialinstitutionswithadistributionnetworkof250branches and90outreachprogrammecentresacrossthecountry.Today,withassets worthmorethanRs80,000crores,acustomerbaseof32lakhsandAAA ratingfor13consecutiveyears,theGrouphasexpandedintobanking, insurance(LifeandGeneral),assetmanagementandpropertyventure funds. ErgoistheprimaryinsuranceentityofMunichReGroup,oneof the world'slargestriskcarriersandtheleaderinhealthandlegal protection insuranceinEurope.Itsinvestmentstotaltoover 100billion.Little wonder,3.3croreclientsin25countriesplacetheirtrustintheservices, competenceandsecurityErgoprovides. Withthecomingtogetherofthesetwofinancialgiants,weaimatsetting benchmarksinourpathofinnovatingproductsanddeliveringcustomer service.

HomeInsurance:KeyCoverage

Thecoversprovidedare: FireandSpecialPerilsBuilding FireandSpecialPerils Contents Burglary Contents

IndividualhastomandatorilychoosethefirecoverwhereasBurglaryis anoptionalcover.

SumInsuredisdecidedbasedoneitherreinstatementvalueormarket value

HomeInsurance:KeyFeaturesofFireandSpecialPerils Building

ApplicabletoanyresidentialbuildingwithRCC/RBC/Tiles/ACC roofand wallsofbrick/stone/concrete. Coversbuildingagainstriskslike Fire,Lightning,Explosion/Implosion,Storm,Flood,Riots,Strikeand MaliciousDamage.

Anindividualwithanindependenthouseoraflatcanoptforthis benefit. SumInsuredforthisbenefitiscalculatedascostofconstructionxfloor area. ValueoflandisnotincludedintheSumInsured. Discountscanbeavailedondeletionofrisksliketerrorism,riots/strikes, flood/stormandearthquake.

HomeInsurance:KeyFeaturesofFireandSpecialPerils Contents
Coversarticleslikevaluables,consumerdurable,jewellry,personal belongingsspecifieditemsetcagainstfire. Coverstheabovementionedcontentsagainstriskslike fire,lightning,explosion/implosion,storm,flood,riotsstrikeand malicious damage. Suminsuredforpersonaleffectslikeclothing,footwearetciscalculatedon marketvalue. Suminsuredforcontentslikefurniture,electricalappliances,jewellery valuablesandspecifieditemscalculatedonreinstatementvalue. Discountscanbeavailedondeletionofrisksliketerrorism,riots/ strikes,flood/stormandearthquake. Cash,Cheque/Draft,PromissoryNotes,ATMCardetcarenotcovered.

HomeInsurance:KeyFeatures BurglaryofContents
Coversarticleslikevaluables,consumerdurable,jewellry,personal belongingsspecifieditemsetcagainstburglaryandtheft Suminsuredforthiscoverhastobesimilartothefirecoverforcontents Discountsupto15%aregivenonappropriatesecurityarrangementslike Burglaryalarm,24hoursecurityetc Damagetosafe,almirahiscoveredupto5%ofthesuminsured Onlyjewellerylockedinasafeiscovered DoesnotcoverCash,Cheque/Draft,PromissoryNotes,ATMCardetc

HomeInsurance:PremiumRates

FireandSpecialPerils:Building FireandSpecialPerils:Contents Discountsof:


Rs70perlakh Rs70perlakh

Rs10perlakhforriots/strike Rs15perlakhstorm/flood Rs10perlakhonearthquake Rs10perlakhonterrorismfortheabovetwosections

Burglary/TheftofContents Rs240Perlakh DiscountforIndependenthouse: 5%for24hrsecurity 5%forburglaryalarm 15%ifbotharethere DiscountforFlat/Apartment: 5%formanned24hrsecurityattheentryexit, 5%forinterconnectedintercom 15%ifbotharethere

HomeInsurance:MandatoryRequirementsonProposalForm

Name,Address&ContactnumberoftheInsured, PropertyAddress(PinCodeisMandatoryField), YearofConstruction, SelectionofCoverage SumInsured, PaymentInstruction ChequeDetails, PremiumCalculationdetails, CoverageCommencementDate, SourcingLocation ChannelPartnerName IfoptedforContentcover,aseparatesheetforListofContentsshouldbe attachedwiththeProposalForm, SignatureofInsuredonproposalform MOSTIMPORTANT.

HomeInsurance:Claims

HDFCERGOendeavorstoprovideandsetstandardsforanyinsurance settlementorclaim Thesestandardsbeingbasedonourvaluesystemsasanorganization, whichare Honesty Integrity Fairness Transparency Commitment ThisinturnsupportedbyErgosphilosophytheworldovertoprovideafair, justandtimelysettlementofallclaims

HomeInsurance:Claims(Continued)

HDFCERGOprovidesacallcentertoaddressanyclaimrelatedcalls. Thiscallcenterisnotlimitedtothegeographiclocationsofouroperations AllIndiacoveragesupportedbyatollfreeline 18002700700. Intheeventofhavingtonotifyaclaim,telephonecallsshallbeaddressed bytrainedpersonnelandguidancewillbeprovided. AllclaimsregisteredwithHDFCERGOshallbesettledin7 workingdays fromthedateofreceivingcompletedocumentation.

ThankYou

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