9 house insurance companies in india

 

Reasons For Insurance From Home Insurance Company In India

1. A home insurance policy protects way more than just your home – A broad home insurance policy protects everything. In and around your home like the garage, shed, fence, and deck. You can choose to add-ons in your system. That will protect the contents like your electronics. Furniture, and valuable home appliances.
2. It provides a replacement for your loss – When you get your home insured, it gives you financial security with the added benefit of replacing the insured belongings. You can get your damaged goods returned based on your home insurance policy.
3. It protects your home from natural disasters – One of the most dangerous nightmares for any homeowner is a natural disaster. It would be challenging for anyone to take up the expense of repairing a damaged house in the middle of an emotional rollercoaster. An integrated home insurance plan covers your home during calamities, including floods, earthquakes, landslides, etc.
4. It is budget-friendly – home insurance might not sound like a necessary expense, but it provides many benefits. Furthermore, it also protects the other contents of the house. So it would be best if you bought home insurance to protect your house.

There are some popular insurance companies which offer wide-ranging covers and are well-known to have simplified claim procedure in a period of distress.

Best Home Insurance Companies in India

Below is a list of 10 best home insurance companies in India:-

1. ICICI Lombard Home Insurance – 

ICICI is one of the best home insurance companies in India. The key features include a systematic plan that offers coverage for 10 and 5 years correspondingly. The programs are convenient and all-inclusive and are valid for houses as old as 50 years. Moreover, it flaunts concession of up to 50 percent and 20 percent on the cover plan and contents plan, respectively.

2.Tata AIG Home Insurance –

 Tata AIG includes four categories of home insurance. Firstly, Home Secure Supreme provides cover for appliances aged up to 8 years along with jewelry cover. Home Coupons offers cover from mishaps such as burglary and terrorist attacks. Insta choice provides hassle-free application processing without documentation. The last one is the Standard Fire and Special Perils that includes coverage from fire and perils.

3.IFFCO Tokyo General Insurance Co. Ltd – 

It is one of the best property insurance company in India. The company offers two personalized products in the home insurance segment. The first one is the Home Family Protector Policy to provide coverage to multiple residents in a single policy. The policy has further sub-divisions of 12 segments. The second one is home facilities family offers an all-inclusive cover designed for a single-family. The system ensures the protection of the building structure and its contents.

4.Bajaj Allianz Home Insurance – 

Bajaj Allianz offers three types of home insurance plans that provide absolute protection to home structures and residents. It also includes coverage against theft, fire, and natural mishaps. It also offers options for renting or changing housings in case of an accident. All the above facilities are available along with opportunities for discounts.

5.Bharati Axa General Insurance Company Limited – 

It is a joint venture company with AXA Group. The company offers home insurance plans of two different types. The primary coverage that provides cover from fire for home structures and contents. Simultaneously, the second one is the basic cover + burglary cover that offers fire insurance for home structures and contents and the body from theft.

6.SBI General Home Insurance – 

SBI home insurance is in a joint venture with the Insurance Australia Group (IAG). SBI General offers a long-term home insurance policy that values the viewpoints of the customers and understands how essential home is to the owners. Henceforth it offers wide-ranging and current home insurance policies to provide a stress-free living.

7.Chola Ms. Home Insurance – 

The Cholamandalam Home Insurance policy provides first-rate protection from prospective risks like theft, natural or human-made mishaps, etc. The company also flaunts other systems, i.e., Home Protect features 3-fold protection. The policy protects the home structures along with family members against unpredicted disasters.

8.Oriental Home Insurance Policy –

Oriental insurance offers a customized policy: Sweet Home Insurance. The policy is a small adaptation of the existing Householders Package policy that includes three types of schemes that further divide into five sections. The plan offers cover against fire, theft, and earthquakes except for jewelry. The best part is that even tenants can also opt for the plan.

9.Royal Sundaram Home Insurance –  

Royal Sundaram is one of the best home insurance company that offers two complete home insurance policies that exist mainly to protect the building structure along with the contents of the house in situations of unpredicted and unexpected mishaps. It is an extremely affordable plan that offers hassle-free solutions without documentation.

The above are a few recognized names in the field of Home Insurance, which the insurer must consider before they choose any Insurance company. The clients can contact Udta Paisa for discounts and offers as it has a tie-up with the above companies 

How to Compare Home Insurance Companies

When it comes to your loved ones, you wish to provide them with the best protection there is. From health insurance to life insurance, you want nothing but only the best for them. Just like your loved ones are invaluable, so is your home. After all, it is the place where all near and dear ones come together to create and cherish lifelong memories. Your home is the one place where you can relax, unwind and bask in the love and care of your family. Your home is also something into which you have invested your hard earned money and savings. It is lifelong investment, which will continue to be inherited by generations after you.

Your house, like many other things, is also vulnerable to risk from external elements and forces, sometimes natural and sometimes man made. Forces of nature like earthquakes, storms, hurricanes, cyclones have been a prevalent phenomenon in many parts of the world, and have wreaked havoc across entire cities and subsequently people’s lives. Beside natural causes, there are a number of perils which are the work of man. Robberies, burglaries, fires, malicious intentions, accidents, etc. are some unexpected events which can happen without any warning whatsoever. So, how do you protect your house from such unforeseen perils? The simple answer is, home insurance.

For decades, people around the world have relied on house insurance to protect their houses. When it comes to home insurance, investing in the right policy can make all the difference in the world. However, with number of insurance companies the wide range of insurance policies available, deciding on the right one might be a bit of a task. Here are a few pointers to keep in mind, to help you find the best insurance policy.

When it comes to your loved ones, you wish to provide them with the best protection there is. From health insurance to life insurance, you want nothing but only the best for them. Just like your loved ones are invaluable, so is your home. After all, it is the place where all near and dear ones come together to create and cherish lifelong memories. Your home is the one place where you can relax, unwind and bask in the love and care of your family. Your home is also something into which you have invested your hard earned money and savings. It is lifelong investment, which will continue to be inherited by generations after you.

Your house, like many other things, is also vulnerable to risk from external elements and forces, sometimes natural and sometimes man made. Forces of nature like earthquakes, storms, hurricanes, cyclones have been a prevalent phenomenon in many parts of the world, and have wreaked havoc across entire cities and subsequently people’s lives. Beside natural causes, there are a number of perils which are the work of man. Robberies, burglaries, fires, malicious intentions, accidents, etc. are some unexpected events which can happen without any warning whatsoever. So, how do you protect your house from such unforeseen perils? The simple answer is, home insurance.

For decades, people around the world have relied on house insurance to protect their houses. When it comes to home insurance, investing in the right policy can make all the difference in the world. However, with number of insurance companies the wide range of insurance policies available, deciding on the right one might be a bit of a task. Here are a few pointers to keep in mind, to help you find the best insurance policy.

Consider the Health of the Company

 You’ve drawn up a list of prospective home insurance companies. you must do some research on them. Go online and try to find out how other consumer. Have rated a company. What the general feedback is, about service. Customer service, settlement of claims, etc. This exercise in itself can give you a fair idea about the company. And about the specific insurance policy that you’re looking at. in feedback, customers would have mentioned. The pros and cons of the policy, giving you a fair idea. About whether the policy is a good choice for your home.

Compare Coverage & Premium

Coverage is one of the most important factors while deciding a home. Insurance policy. Your policy must provide coverage for all the risks. That your house might be prone to. Say, you live in an area frequented. By cyclones, floods or other such natural disastrous phenomena. In this case, you policy must provide coverage against such perils. Ideal, look for a policy which provides broad coverage. Against a wide variety of perils.

Premium Amount

 You take an insurance policy. You are making a commitment to making. Regular payments for the cover provided by the company. Insurance premium is another important factor.  It comes to deciding on a policy.  It will be a part of your future expenses. You want it to be within your budget. Compare between multiple insurance policies. To find out the coverage they provide and at what cost.

Check The Claim Settlement Turnaround Time

In the unlikely situation that you do need to file. For an insurance claim, you definite do not want it to be a struggle. Dealing with the damage / loss is quite stressful on its own. In that light, claim settlements must be a hassle free process. Devised to reduce your burden and worry. The turnaround time for settlement of claims. Is a one of the most crucial factors. Determining a company’s efficiency.  Settlement of claims is an indicative of a good company. Who has your interests as priority, making it a worthwhile choice.

Be Clear About Your Coverage Needs

Each house is unique in terms of its structure, location, contents, value, etc. Which is why, one policy which might be suitable for Mr. A’s house, might not suit for Mr. B’s house. Specific areas might marked by some atmospheric. Or natural phenomena, which is likely to cause damage. Another scenario, for example, may be, the house to insured. Could be a second home or vacation home. Which not occupied and doesn’t house any valuable contents.  It is necessary that you find a policy which covers. All the aspects of your house and provides adequate cover.

Hunt Online For Quick Quotes

Like many other banking products, insurance policies are available. Online, making it easier for you to gather information. About multiple policies online itself. With the process having gone online, the quotes offered online. Are cheaper than what you might. Get from an agent or at the insurer’s office itself. Compare between all your possible choices. For insurance policies and compare the quotes online.

Consider the Cost of Deductible While Calculating Premium

 Considering the premium amount charged by a particular policy. You must take into attention. The cost of deductibles charged with the policy. The higher the amount of deductible.  Lower your premium and insurance fee will be.

Request a Quote from Your Existing Insurance Provider

While you are on the lookout for the right home insurance policy.  Satisfies all your terms. It might be a good idea to check. With your existing health or motor insurance provider as well. Loyalty is one of the driving factors when it comes to home insurance deals. Which is why, chances are fat that you are existing insurance provider. Might offer you the best rates on your home insurance policy. Just because you are an existing customer.  Collecting quotes from other providers. Don’t forget to inquire with your existing insurance provider. 

Company’s Customer Service

In case you wish to take the traditional route to applying for a home. Insurance policy, it is advisable. To do so with the help of an independent agent.  Linked with any particular insurance company. An independent broker. Will give you quotes from multiple insurers. Giving you a chance to compare. Between multiple coverage and premium options. This way you can narrow down your options. To only the most suitable policies.

Go Independent

In case you wish to take the traditional route to applying for a home insurance policy, it is advisable to do so with the help of an independent agent, who is not associated with any particular insurance company. An independent broker will give you quotes from multiple insurers, giving you a chance to compare between multiple coverage and premium options. This way you can narrow down your options to only the most suitable policies.