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Bajaj Allianz launches ‘Easy Householders Packaged Policy’
Published on 10 Jun. 2010 12:31 AM IST
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Bajaj Allianz General Insurance, one of the leading private sector general insurance companies in the country, has launched a simplified home insurance policy ‘Easy Householder’s Package Policy’.
According to UNI, the policy covers home and assets from fire and allied perils, burglary and theft, breakdown of domestic appliances, electronic equipment and baggage. ‘’As the name suggests, Easy Householders Package Policy provides a simple way to secure your home with hassle-free documentation at affordable prices. You do not need to provide any declarations of the assets being covered; just pick and tick the plan that suits your needs,’’ company Chief Marketing Officer Tapan Singhel said in a statement. Currently, home insurance is considered a complex and difficult product to purchase due to the extensive documentations and declarations required in the sales process. The plan offers three options--Rs 650, Rs 1,030 and Rs 1,910 being the premium amount. Mr Singhel said these low premium amounts make it affordable to a large section of the society comprising young working couples, nuclear families, house owners tied up in housing loans, aged people for whom their home is the only asset as well as tenants in a rented accommodation to cover their assets. Another key feature of the policy is waiver of under insurance.
This means that if the assets have been insured for a sum insured less than their value, in case of a claim, the entire sum insured will be payable and no under-insurance charges will be deducted, as in a regular home insurance. The policy also covers contents of the house in case of a fire, allied perils and burglary section that have been temporary removed.

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