Page 48 - Insurance Times September 2015 SAMPLE
P. 48
Non-Life Insurance Plan
II Griha Suvidha Policy
from New India Assurance
1. The main objective of New India Griha Suvidha Policy Section - II
is to provide protection to householder's contents
against fire and allied perils including Riot ,Strike, Contents(excluding Jewellery) Against Burglary &
Floods, Earthquake, Terrorism, Burglary, Housebreaking,Theft Including Larceny
Housebreaking, theft & accidental damage to contents Sum insured under this are same as section I. Under this
including Jewelry & valuables , Breakdown of domestic section too the insured need not furnish the details of the
appliances including Television &/or Desk top. items for which insurance is sough as per the limits selected.
This section is also broadly meant to cover all household
2. New India Griha Suvidha Policy has four specific options contents like furniture Fixtures fittings, Clothing, Apparels,
and each option has five built-in sections. Upholstery, Domestic Appliances which are kept and
installed in the premises against Burglary The
3. The policy also has an Optional Section VI where the Housebreaking and Theft including Larceny.
Residential Premises can be covered on Full Sum
Insured Basis. Section - III
4. The main highlight of the policy is its simplicity and Jewellery and Valuables :
ease to the customer in providing the details and This section is meant to cover Jewellery and valuable items
description of the contents. worn or kept in the premises against perils including but not
limited to Fire & Allied Perils including earthquake, Burglary
5. It has a simple and hassle free process of claims , House-Breaking &Theft and such other sudden accident or
administration as Condition of Average is not applicable misfortune. Based on the items required to be covered, the
in Sections I to V of the policy covering contents. commensurate option needs to be chosen by the customer.
Description of the items in simple terms needs to be specified
6. This policy is available to any person residing in India, only for items the value of which exceeds 10% of the Sum
including foreign nationals, provided the contents Insured under this section. A Maximum of 5 such items can
proposed for insurance is situated within the Indian be opted for under this section.
territory . The settlement of the claims shall be in
Indian currency only. Section - IV
Coverages Under The Policy: Breakdown of Domestic Appliances
This section covers sudden physical damage including
Section - I accidental external damage caused due to mechanical and
or electrical breakdown to specified domestic appliances.
Contents (Excluding Jewellery) Against Fire & Allied Perils The description details of such appliances are restricted to
Including Earthquake & Terrorism the description , make &model of the appliances.
This section covers all household contents like Furniture,
Fixtures ,fittings, Clothing, Apparels, Upholstery, Domestic Section - V
Appliances which are kept and installed in the premises
against Fire, Lightning, Explosion, Implosion, Riot, Strike, TV/Desktop Insurance
Malicious Damage, Storm, Cyclone, Typhoon, Tempest, This section is meant to cover the Television &/or Desktop
Hurricane, Tornado, Flood and Inundation, Impact in the premises. The cover is against Fire, Earthquake,
Damage, Subsidence and Landslide including Rock slide Burglary & House Breaking, Electrical and Mechanical
etc, Earthquake & Terrorism. The insured need not furnish Breakdown.
a detailed list of the items for which insurance cover is
sought.
44 The Insurance Times, September 2015
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