SBI Home Insurance

Buying or building a house requires a large amount of financial investment, but the emotional quotient involved is also very high. Since a house is a valuable asset, you need to protect it from unexpected damages. It's essential to choose a comprehensive home insurance policy that can cover your house from accidental damages.

Overview of SBI General Home Insurance

SBI General, a joint venture between the State Bank of India and Insurance Australia Group (IAG). It has a vast network and the company has established its presence in more than 14,000 Branches of State Bank of India. Presently, the company has branches across 56 Indian cities. SBI General helps three major customer segments; Corporate, Retail and SME. It provides Motor, Health, Travel, Personal Accident & Home Insurance to its customers, along with the other products and services.

SBI General realizes how important a house is to people and the need of an insurance cover to protect its customers' dreams. The comprehensive home insurance policy provided by the company gives thorough coverage to your home.

Features and Benefits

• In-built coverage against earthquakes

• Flexible policy tenure varying from 3-20 years

• Offers coverage against loss/damage caused due to natural or human-made calamities.

• You can opt for cover against damage caused by terrorist activities, by paying an additional amount

• The premium rate depends on the tenure and location of the home insurance policy

Coverage Provided

The policies by SBI General offer coverage against the following cases:

• Natural Calamities

Includes earthquakes, tempest, storm, flood, hurricane, landslide, lightning, fire, explosion, inundation (excluding pressure vessels and boilers)

• Damage caused due to human-made calamities such as riots, malicious activities, strikes, etc.

• With an additional sum, you can also get a terrorism cover

• It also provides coverage against impact damage, missile testing operations, bursting of pipes, water tanks, etc

Frequently Asked Questions (FAQs)

What are the main exclusions under the SBI General Long Term Home Insurance Policy?

• A theft occurred during/after an operation of the peril

• Damages caused due to volcanoes or similar natural convulsions

• if a public authority has damaged the property

• Mechanical or electrical breakdown of the house

• Damages caused due to an act of negligence

• Damages caused due to forest fire

• An explosion of boilers, damage caused due to centrifugal forces

• Loss/damage of unspecified documents, cheques, the currency that is unspecified.

What is the range of tenure of SBI General Long-Term HI policy?

The company offers a vast range of tenure for its Long-Term Home Insurance policy. The tenure ranges from 3-30 years.

How can I apply for the Long Term Home Insurance policy through online mode?

You can download the form from SBI General official website.

After duly filling up the form, you should submit the form in the nearest SBI General branch.

How Can I avail the Terrorism Cover?

By paying an additional amount over the premium, you can avail terrorism cover.

What does Terrorism Cover do?

Terrorism Cover can protect you against any damages caused due to terrorist activities. You can contact the nearest SBI General branch.