Kshema Home Insurance Policy
A Kshema product
The Kshema Home Insurance Policy is a comprehensive property insurance policy that protects your home building and its contents from losses due to unexpected events.
- Protect your Home Building / Flats & Home contents from Fire & Allied Perils.
- Available to house/flat owners & tenants.
Protect your home and home content from:
- Loss of Rent and Rent for Alternative Accommodation
- Option to include Valuable contents like Jwellery, Silverware,paintings,works of art,antique items, curios etc
Protect your home and home content from:
Fire
Subsidence & Landslide
Explosion/Implosion
Missile testing operations
Lightning
Earthquake
Riot & Strikes
Storm, Tsunami, Flood etc.
Theft (within 7 days) **
Impact damage
Acts of terrorism*
Bursting or overflowing
Bush Fire
Leakage from Automatic Sprinkler Installations
Frequently Asked Questions
Kshema Home insurance is a type of insurance policy that provides financial protection against damage to your home and belongings caused by specific risks, such as fire.
Fire Coverage:
We give insurance cover for physical loss or damage, or destruction caused to Insured Property by fire causing unforeseen events during the Policy Period.
It is the requirement of this Insurance that the Sum Insured shall be equal to the market value. Insured may also opt for reinstatement value Sum Insured basis for home building, home contents.
- Bullion, unset precious stones, curios, works of art exceeding Rs.10,000/-, goods held in trust, manuscripts, plans, drawings, securities, documents, stamps, coins, paper money, cheques, books of accounts, computer records, explosives.
- Fermentation, natural heating, spontaneous combustion.
- Heating or drying processes.
- Public authority orders.
- Electrical machine malfunctions.
- Earthquake, volcanic eruption, or other convulsions of nature.
- Removal of property to another location.
- Wear and tear, moth, vermin, insects, mildew, or gradual deterioration.
- War, invasion, hostilities, civil commotion, military power, martial law.
- Ionizing radiation or contamination by radioactivity.
- Nuclear weapons material.
- Pollution or contamination.
- Internet or intranet malfunctions, data corruption, software damage.
- Confiscation by authorities.
- Terrorism.
- Lightning
- Explosion/Implosion
- Aircraft Damage
- Riot, Strike, Malicious Damage
- Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
- Impact Damage
- Subsidence and Landslide including Rockslide
- Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
- Missile testing operations
- Leakage from Automatic Sprinkler Installations
- Bush fire
- Loss of Rent and Additional Expense of Rent for Alternative Accommodation
- Valuables Contents
- Earthquake
- Costs for removal of debris
- Professional fees
Burglary
You may register your claim by calling our 24-hour Customer Care on 1800 572 3013 or you can email us on customer.support@kshema.co
The owner/occupants of the property (dwelling and contents) with insurable interest can insure an asset.
- Inform the insurer immediately via online, distribution channel, call centre, or specified mode.
- Claims won’t be rejected for lack of documents or delay. Submit required documents during underwriting.
- Provide claim form, FIR, Un-traced Report, Fire Brigade Report, repair bills (if applicable).
- Supply any additional details and documents related to the claim.
- Ensure all compliance conditions are met for the claim to be payable.
- Claims must be made within 12 months of the incident.
- The policyholder can cancel the policy at any time without providing reasons.
- The company can cancel the policy on grounds of established fraud with a minimum 7-day notice.
- Refunds are provided for the unexpired policy period if no claims have been made.
The Company shall neither be bound to issue any renewal notice nor to accept renewal premium thereunder. Unless renewed as herein provided, this Policy shall terminate at the expiration of the period for which the premium has been paid.
Kshema Home Insurance can be purchased for 1/5/10/15/20/25 years.
No. Homes used for business purposes are not covered
You can approach our Grievance Redressal Officer by email us at customer.support@kshema.co. If this does not resolve Your grievance, you can approach the Insurance Ombudsman, depending on the nature of the grievance and the financial implication, if any. You can find more details about Insurance Ombudsmen at www.gbic.co.in or www. irdai.gov.in
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