Overview of National Insurance Householder’s Policy

It is a packaged insurance policy that offers a wide range of covers which are required by a common householder. The company does the property valuation by multiplying the built up area of the property with the cost of the construction per square feet. The company insures the household contents as per the market value, while electrical items are insured on the replacement value. Even if you are living in a rented place, you can get it insured against fire & allied perils.

National Insurance Householder’s Policy

4.7 (99 reviews)
Get insurance for Home loan or Personal security in just 5 minutes.


National Insurance Householder’s Policy

4.7 (99 reviews)
Get insurance for Home loan or Personal security in just 5 minutes.
What’s covered?
Violent disturbance
Fire
Natural disasters
Policybazaar advantages
365 days support system
Easy claim process
Instant online policy issuance

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*The premium of ₹ 18/month is for a pucca building with sum insured of ₹ 5 lakh at selected locations, for property age less than 40 years and policy term of 1 year. Additional premium is payable for the optional covers including contents opted.

Protect your house from calamities

cover starting just @ ₹18/month*

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**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*The premium of ₹18/month is for a pucca building with sum insured of ₹ 5 lakh at selected locations, for property age less than 40 years and policy term of 1 year. Additional premium is payable for the optional covers including contents opted.

Overview of National Insurance Householder’s Policy

It is a packaged insurance policy that offers a wide range of covers which are required by a common householder. The company does the property valuation by multiplying the built up area of the property with the cost of the construction per square feet. The company insures the household contents as per the market value, while electrical items are insured on the replacement value. Even if you are living in a rented place, you can get it insured against fire & allied perils.

Coverage Available Under the Policy

There are mainly ten sections which are covered under Householder insurance policy by National General-

Section  I : Fire & Allied Perils= It covers fire, lightning, explosion, aircraft and other aerial devices, riot, strike, storm, cyclone, flood, etc.
a) For House Building.
b) For t household contents.

Section - II : Burglary & Housebreaking including larceny or theft (Contents only)= It indemnifies the insured in respect of loss/damage caused to the contents by burglary or housebreaking. However the damage should happen to contents which are kept in the premises.

Section - III : All Risk against valuable items.= It covers loss or damage caused to jewelry and valuables by accidental or misfortune, provided it happens in India only.

Section - IV : Plate Glass Cover ( fixed )= It covers the loss/damage caused to the fixed plate glass due to accidental breakage in the insured premises.

Section - V : Breakdown of domestic appliance= It covers damages occur to the appliances due to mechanical or electrical breakdown of domestic electrical, electronic or mechanical appliances.

Section - VI : Television Sets (All Risk ) cover= It covers loss/damage caused to the television apparatus by fire, lightning, earthquake, riot, strike, etc.

Section - VII : Pedal Cycle (All Risks) cover= The insurer indemnifies the policyholder in respect of loss/damage to the pedal cycles due to riot, fire, flood, earthquake, etc.

Section - VIII : Baggage Insurance= It insures in respect of personal baggage accompanying the insured whilst travelling.

Section - IX : Personal Accident Insurance= The insurer shall pay to the insured if he sustains bodily injury directly caused by accidental violent external and visible means, which results into death or disablement.

Section - X : Public Liability & Workman Compensation Risks= The company will indemnify the policyholder in respect of amount which the insured is legally liable to pay as a private householder.  

Only Section I is mandatory. In addition to this, proposer can opt for any two more sections from the remaining sections. The proposer is entitled to get 15% discount for opting over four sections and 20% discount on premium for opting more than six sections. You can buy the policy online by using debit/credit cards or net banking.

What it Doesn’t Cover?

The company can’t be held liable in respect of the following scenarios-

  • Loss or damage happens due to terrorism activities unless it is specifically mentioned.
  • Loss or damage caused by wear and tear
  • Loss or damage, liability or expenses directly/indirectly happens due to war, invasion, nuclear weapon material, etc.
Calculate Home Insurance Premium
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2
  • Building value
  • Household items value
  • Carpet Area
  • Policy Term

What is the market value of your home?

i
Carpet Area*Cost of Construction
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Please enter the built up area of your flat or home in sq. feet. This detail can be taken from your sale deed copy. Please do not include common area.
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Cost incurred at the time of construction (Rs.per sq. ft.)
Construction cost/per sq. ft.

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Average Rating
(Based on 99 Reviews)
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Reviews & Ratings

4.7 / 5 (Based on 99 Reviews)
(Showing Newest 10 reviews)
Surendra
Delhi, February 05, 2025
Good Price
I had purchased Bajaj Allianz home insurance, and when there was damage to home equipment due to an electric spark, these damages were covered by the insurance. Got insurance at a good price.
Naresh
Muzaffarnagar, February 02, 2025
Best Deal
I never thought home insurance could be affordable. With Policybazaar, I could compare multiple insurance plans on a single platform. I am glad I got the best insurance plan at a very good deal.
Nalin
Begusarai, January 30, 2025
Easy Renewal
I renewed my home insurance through Policybazaar. Initially, I was unsatisfied with my previous insurer, but my experience with Policybazaar has been good. Very satisfied with their services.
  • Disclaimers+

    #Savings of 28% are based on the comparison between the highest and lowest premiums for a pucca building with sum insured of >₹ 1 crore at Delhi, for property age less than 5 years and policy term of 11 years.

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