Page 46 - Insurance Times July 2019

Non-Life Insurance Plan

Long Term Home

Insurance

from SBI General Insurance

Key Feature document.
You can buy the Policy upto a period of 30years Duration - The recommended Plan option is a
minimum of 3 years as it will optimally protect your
In-built coverage for earthquake
dream home against any eventualities. The maximum
duration one can take is 30 years.
Coverage
The rate of premium shall depend upon the Location
SBI General's Long term Home Insurance Policy is designed
and Period of Insurance Policy.
for covering loss or damage caused to the building used as
residential homes due to fire and special perils. Covers
destruction of or loss/ damage to the insured property by Exclusion
any of the following perils : We would like you to be familiar with some of the
Fire major exclusions under the Policy. This will ensure you
are not put to any kind of inconvenience while making
Lightning
your claim. At SBI General, we endeavour to make our
Explosion / Implosion (excluding boilers , economizers,
Policy as transparent as possible
pressure vessels)
Major exclusions under the Policy are in respect of loss
Aircraft Damage
or damage due to:
Riot, Strike and Malicious Damage
Willful acts or gross negligence
Storm, Cyclone, Typhoon, Tempest, Hurricane,
Destruction/Damage by own fermentation, natural
Tornado, Flood and Inundation
heating or spontaneous combustion
Impact Damage
Explosion/Implosion damage to boilers, damage
Subsidence and Landslide including Rockslide
caused by centrifugal forces
Bursting and/ or Overflowing of water tanks, apparatus
Forest fire
and pipes
War and nuclear group of perils
Missile Testing Operations
Unspecified precious stones, cheques, currency,
Leakage from Automatic Sprinkler Installations
documents, etc. unless specifically declared
Bush Fire
Consequential losses
Earthquake (Fire and Shock)
Theft during/after operation of peril
Further, on payment of additional premium, Terrorism
Pollution and contamination
Cover can be opted.
Volcanic eruption or other convulsions of nature
Disclaimer: The above information is only indicative in
Burning of Property by Public Authority
nature. For details of the complete coverage please
contact our nearest office and refer to the policy Electrical and Mechanical Breakdown.

46 The Insurance Times, July 2019