Your home is the safest place on earth and therefore it needs to be insured. Safeguarding your property against unforeseen events such as natural disasters, theft, or accidents is your responsibility. A home insurance provides protection to your home structure and its contents against unforeseen events. There are numerous options available for home insurance, but selecting the right insurance provider is not an easy task. In this article, we’ve compiled a list of the top 10 home insurance companies in India based on factors such as coverage options, customer service, and reputation, to assist you in making an informed decision.
ICICI Lombard Complete Home Protect
ICICI Lombard’s “Complete Home Protect” is a comprehensive home insurance policy that provides coverage for the structure of the house as well as its contents be it owned or rented house. It provides insurance at affordable rates with prices starting at just ‚Çπ190, and tenure options from 1 to 5 years.
It protects your property against natural calamities, fire, burglary, and other manmade hazards. The policy also provides some attractive add-ons such as protection for the appliances, furniture, fixtures, and jewelry within your home. Its efficient claim settlement process and customer-centric approach make it a leading provider of home insurance in India.
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HDFC ERGO Home Insurance
HDFC ERGO provides 3 types of home insurance- “Bharat Griha Raksha”, “Home Shield Insurance”, and “Home Insurance”- and is a popular choice for home insurance with over 1.5 crore happy customers. It provides coverage for the structure of the house worth up to ‚Çπ10 crore and home belongings such as portable electronic equipment, worth up to ‚Çπ25 lakhs, and reasonable premiums and attractive discounts of up to 45%.
Its home insurance policies are customizable and are designed to meet the unique needs of homeowners, with features like coverage for fire and allied perils, natural disasters, and legal liability. It also offers additional benefits such as loss of rent, alternate accommodation expenses, etc. The plan provides extensive protection for your home and its belongings.
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Chola MS Home Insurance
Chola MS offers two types of Home Insurance policies- “Chola Home Package – griha raksha policy” and “Chola MS Bharat griha raksha policy” – that provide coverage for the structure of the house and its valuables against various natural and manmade hazards such as burglary and housebreaking, loss or damage to personal baggage, and even death due to personal accident.
The policies also offer personal accident cover for the insured and their family members. Chola MS is known for its wide range of home insurance policy products and efficient customer service to protect and safeguard your peaceful abode from unforeseen dangers.
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Bajaj Allianz Home Insurance
Bajaj Allianz’s “My Home” and “Householders” plans offer innovative home insurance policy solutions against perils such as loss from fire, burglary, and natural calamities. Its policies cover the structure of the house, and household contents, and also offer coverage for jewelry, precious items, and works of art. With features like coverage term options from 1 day to 5 years, and a wide range of insurance products for the protection of your home the plans offer comprehensive coverage for your property and belongings.
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National Insurance House-Holder’s Policy
National Insurance offers “New India Flexi Griha Raksha Policy” and “Householder’s Policy” which provide extensive coverage for the structure of the house and its contents against various natural as well as manmade disasters. The home insurance policy also offers personal accident cover for the insured and their family members. It is a trusted name in the insurance industry and is known for its reliable services. With affordable premiums and a wide range of coverage options, including protection against loss or damage due to fire, burglary, and natural calamities it ranks high in customer satisfaction.
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United India House-Holder’s Policy
United India Insurance is a government-owned insurer. UIIC home insurance popularly known as “Householder’s Policy” provides coverage for damage to the building and its contents, such as jewelry and valuables, domestic appliances like TVs, audio systems, PCs, etc., loss or damage to baggage while traveling, and more. It also offers personal accident cover for the insured and their family members.
It is known for its wide range of insurance products such as coverage against accidental injury causing death or disability as well as liability to third parties. The home insurance policy is known for its competitive premiums and prompt claims settlement services, making it a popular choice among homeowners in India.
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Tata AIG Home Insurance
Tata AIG offers a Home Insurance policy that provides coverage for the structure of the house and its contents against loss or damage. Its Instachoice policy provides home insurance instantly giving you the flexibility to decide your insurance’s coverage based on your special needs such as insuring your home as well as home appliances, jewelry, and other valuables.
It provides financial protection to your home for losses due to standard fire and some special perils such as earthquakes and terrorism. Its comprehensive home insurance plans with affordable premiums provide financial security during unforeseen circumstances.
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Reliance Insurance-Householders’ Package Policy
Reliance General Insurance offers a “Home Insurance” policy that provides coverage for the structure of the house and its contents against various perils such as fire, earthquake, theft, burglary, etc. The policy also offers personal accident protection for earning members and spouses. It provides hassle-free home insurance solutions with quick claim settlement and round-the-clock customer support, ensuring peace of mind for homeowners.
Whether you are an owner or stay in a rented apartment, home insurance companies offers flexible home insurance policies with customizable coverage options and easy online purchase processes for your personal property including jewelry, furniture, and electrical goods against risks such as fire, theft, flood, etc.‚Äã
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Future Generali India Home Insurance
Future Generali offers a single comprehensive Home Insurance policy that provides complete protection for your property, and its contents. It offers home insurance to both homeowners as well as tenants for the structure of the house and its contents such as jewelry, ornaments, and other valuable items, and portable equipment such as laptops against any loss or damage.
The policy also offers personal accident cover for the insured and their family members. Future Generali is known for its affordable and attractive premium rates, hassle-free claim settlement process, and customer-centric approach.
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IFFCO Tokio Home Insurance
IFFCO Tokio offers three types of Hhome insurance companies – “Home Suvidha Policy” “All-in-One Home Protector Policy”, and “Bharat Griha Raksha Policy”, which protect your home along with its valuables man-made or natural disasters. It provides all-around protection for your home, including security for owners as well as tenants. IFFCO Tokio is known for its pan India presence, affordable and attractive premium rates starting just at ‚Çπ1/day, instant policy issuance, and best claim settlement ratio.
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Conclusion
When it comes to safeguarding your home, choosing the right home insurance companies is crucial. Many home insurance companies in India offer comprehensive coverage and reliable services. But before selecting home insurance companies, make sure to assess your requirements, and compare coverage options, claim settlement ratio, and customer service. Also, don’t forget to read customer reviews for additional input. These steps will help you in choosing the best insurance provider for your peaceful haven.