Griha Raksha Plus Complete
Protection For Your Home
24Cr+
Customers Served
140+
Locations
98%*
Claims Settled FY 23-24
Why Griha Raksha Plus?
A house is precious investment. But certain risks such as natural calamities or other perils can destroy your abode, leaving you in a state of distress. With Griha Raksha Plus, you can secure your home and its content against unexpected loss or damage.
Who Can Buy This Policy?
Key Benefits of Griha Raksha Plus
Policy would offer coverage against a wide range of perils.- Underinsurance is not applicable for this policy.
- Sum insured on the basis of reinstatement value.
- Auto escalation of sum insured without additional premium
- Maximum policy duration of up to 20 years.
- Multiple optional covers for a comprehensive coverage.
What’s Covered Under Griha Raksha Plus?
- Fire
- Explosion or implosion
- Lightning
- Earthquake, volcanic eruption, or other convulsions of nature
- Storm, cyclone, typhoon, tempest, hurricane, tornado, tsunami, flood and inundation
- Subsidence, landslide, rockslide
- Bush fire, forest fire, jungle fire
- Impact damage of any kind
- Missile testing operations
- Riot, strikes, malicious damages
- Bursting or overflowing of water tanks, apparatus and pipes
- Leakage from automatic sprinkler installations
- Theft within 7 days from the occurrence of and proximately caused by any of the above insured events.
Disclaimer: The terms and conditions of these covers are mentioned in the policy wordings of SBI Griha Raksha Plus policy. People are advised to go through the policy wordings carefully before buying the plan.
What’s Not Covered Under Griha Raksha Plus?
- - Your deliberate, wilful or intentional act
- War, invasion, war-like operations
- Ionising radiation
- Pollution or contamination
- Property is missing or has been mislaid
- Consequential or indirect loss or damage
- Loss or damage to bullion or unset precious stones, manuscripts, vehicles and explosive substances
- Any reduction in market value of any insured property after its repair or reinstatement.
- Costs, fees or expenses for preparing any claim.
Disclaimer: The above list of exclusions is illustrative and not exhaustive. For a full list of the exclusions, please refer to policy wordings.
FAQs About Griha Raksha Plus
- The Griha Raksha Plus provides insurance cover for Home Building, and/or Home Contents or both.
Home Building cover can be taken by:
⦁ Homeowner who has occupied or rented the property or as a purchaser under sale agreement
⦁ Tenant, licensee, owner’s employee (All these three can take only if contract/agreement specifies accordingly)
Home Content cover can be taken by:
⦁ Owner of articles / things
⦁ One who has purchased articles / things under instalment or hire purchase or on lease.
⦁ Homeowner who has occupied or rented the property or as a purchaser under sale agreement
⦁ Tenant, licensee, owner’s employee (All these three can take only if contract/agreement specifies accordingly)
Home Content cover can be taken by:
⦁ Owner of articles / things
⦁ One who has purchased articles / things under instalment or hire purchase or on lease.
14 Optional Covers are available under this policy:
⦁ Acts of terrorism
⦁ Reasonable fees of architect, surveyor, consulting engineer
⦁ Reasonable costs of clearing debris from the site
⦁ Loss of Rent & Rent for Alternative Accommodation
⦁ Cover for Valuable Contents
⦁ Personal Accident Cover
⦁ Accidental Damage Cover – General Contents
⦁ Temporary Resettlement Expenses
⦁ EMI Protection
⦁ Utility Expense Cover
⦁ Electrical Clause / Electrical Installation Clause
⦁ Tenant Liability Cover
⦁ Pet Insurance
⦁ Loss of Key
⦁ Acts of terrorism
⦁ Reasonable fees of architect, surveyor, consulting engineer
⦁ Reasonable costs of clearing debris from the site
⦁ Loss of Rent & Rent for Alternative Accommodation
⦁ Cover for Valuable Contents
⦁ Personal Accident Cover
⦁ Accidental Damage Cover – General Contents
⦁ Temporary Resettlement Expenses
⦁ EMI Protection
⦁ Utility Expense Cover
⦁ Electrical Clause / Electrical Installation Clause
⦁ Tenant Liability Cover
⦁ Pet Insurance
⦁ Loss of Key
⦁ Fire
⦁ Explosion or Implosion
⦁ Lightning
⦁ Earthquake
⦁ Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Tsunami, Flood and Inundation
⦁ Subsidence of the land on which Your Home Building stands, Landslide, Rockslide
⦁ Forest Fire, Bush Fire, Jungle Fire
⦁ Impact damage of any kind, i.e., damage caused by impact of, or collision caused by, any external physical object (e.g., vehicle, falling trees, aircraft, wall etc.)
⦁ Missile testing operations
⦁ Riot, Strike, Malicious Damages
⦁ Bursting or overflowing of water tanks, apparatus, and pipes
⦁ Leakage from automatic sprinkler installations.
⦁ Theft within 7 days from the occurrence of and proximately caused by any of the above Insured Events
⦁ Explosion or Implosion
⦁ Lightning
⦁ Earthquake
⦁ Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Tsunami, Flood and Inundation
⦁ Subsidence of the land on which Your Home Building stands, Landslide, Rockslide
⦁ Forest Fire, Bush Fire, Jungle Fire
⦁ Impact damage of any kind, i.e., damage caused by impact of, or collision caused by, any external physical object (e.g., vehicle, falling trees, aircraft, wall etc.)
⦁ Missile testing operations
⦁ Riot, Strike, Malicious Damages
⦁ Bursting or overflowing of water tanks, apparatus, and pipes
⦁ Leakage from automatic sprinkler installations.
⦁ Theft within 7 days from the occurrence of and proximately caused by any of the above Insured Events
Yes, Terrorism is an Optional cover in Griha Raksha Plus, available on payment of addition premium.
The tenure of this policy ranges from 1 year up to 20 years.
Product Name : Griha Raksha Plus
UIN
IRDAN144RP0014V01202223
DISCLAIMER:
The above information is only indicative in nature. For full details of the coverage & exclusions please contact our nearest office and refer to the policy documents and sales brochure carefully before concluding a sale.
SBI General Insurance and SBI are separate legal entities and SBI is working as Corporate Agent of the company for sourcing of insurance products.*T&C Apply
Policy Documents
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