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Shriram Home Insurance | Householder Umbrella Plan Review Key Features, Benefits

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Shriram Home Insurance is a combination of different types of protection cover usually taken by householders. Shriram General Householder Umbrella Insurance is a property insurance designed to protect you sweet home against damages to the possessions in the home or house itself. Securing your loved home with the most advanced security system will not do the trick. Your home stands a potential victim to several natural & man-made hazards.

Shriram Home Insurance Plan Review

Damage to your adorable home can make harm your savings as paying for the highly expensive repairs or make your homeless. So, employing a Householder Umbrella Insurance is a wise thing to do. Shriram Householder Insurance is offered by Shriram General Insurance to provide financial protection if your home or its contents are damaged. With Shriram Household Umbrella Insurance, Insured can be financially prepared to face any unexpected incidents. Shriram General Home Insurance offers a various plan to protect your property & your liability. The Home Insurance provided by Shriram General Insurance takes property damage to you or members of your family and legal responsibility for any injuries. Shriram Household Umbrella Insurance policy will help you restore your home safely.

Shriram Home Insurance is a pre-packaged product specially designed to serve the need of householders with the flexibility of selecting plans as per policyholder’s need. The Shriram Household Umbrella Insurance policy has five sections and four categories of sum insured. The insured can choose one among the four plans as per requirement or value of property.

Shriram Home Insurance Coverages

  • Fire and  Allied Perils, Building or flat (Class A construction only) and its Contents.
    • Fire, Lightning.
    • Explosion/Implosion.
    • Aircraft Damage.
    • Riot, Strike.
    • Malicious Damage Storm.
    • Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood & Inundation.
    • Subsidence and Landslide including Rockslide.
    • Bursting and or overflowing of water Tanks.
    • Apparatus and Pipes.
    • Missile Testing Operations, Leakage from Automatic Sprinklers Installations.
    • Bush Fire, Earthquake, terrorism.
  • Burglary.
    • Housebreaking.
    • Loss / Damage to property contained in the premises occupied by the policyholder is covered under this section.
  • Fire and Allied Perils, Household contents such as listed below.
    • Tele Vision.
    • Electrical & Mechanical Breakdown.
    • Refridgerator.
    • Washing Machine.
    • Personal Computer.
    • Air Conditioner.
    • Microwave oven, etc
  • Loss of Cash due to Assault.
  • Personal Accident.
    • Death only.
    • Loss of both limbs or two eyes or one limb and one eye.
    • Loss of one limb or one eye.
    • Permanent Total Disablement from Injuries.
  • Check the Coverages under section specified by the Shriram General Insurance Company.

Section

Description

Category wise Sum Assured (in Rs.)

Plan – A

Plan – B

Plan – C

Plan – D
1. (A) Fire and Allied Perils, Building or flat. 4 Lacs 6 Lacs 10 Lacs 15 Lacs
(B) Fire and Allied perils, contents. 50,000/- 1 Lac 2.5 Lacs 5 Lacs
2. Burglary Contents. 50,000/- 1 Lac 2.5 Lacs 5 Lacs
3. (A) Television or Video Equipments. 15,000/- 20,000/- 35,000/- 50,000/-
(B) Electronic equipment or MBD of other domestic appliances. 10,000/- 25,000/- 35,000/- 50,000/-
4. Loss of Cash due to Assault to Insured: AOA /AOY=5,000/-/5,000/- 5,000/- 5,000/- 5,000/- 5,000/-
5. Personal Accident. 50,000/- 1 Lac 2.5 Lacs 5 Lacs
Premium Full Coverage (With section 1A). 900/- 1,700/- 3,100/- 5,000/-
Premium Without Section 1 (A). 700/- 1,400/- 2,600/- 4,000/-

 Shriram Householder Insurance Exclusions

Shriram Householders Insurance does not covers claim arising out of exclusions specified by the Shriram General Insurance. There are some situations under which Claim will not be accepted. Let us have a look at the Some of the exclusions which are stated here.

  • Loss due to War or Any Damage and its related perils.
  • Any loss due to radioactivity or nuclear weapons.
  • Consequential loss.
  • Any loss due to depreciation or wear and tear.

For more information about the Shriram Home Insurance Package Exclusions.

Shriram Home Insurance Plan Buying Procedure

The Shriram Home Insurance purchasing procedure is available here. Before buying the Shriram Home Insurance, read the Plan details carefully. The Insured can buy this Shriram Home Insurance Plan in two ways either online or offline. For Online mode refer the Shriram General Insurance India Official Website. For offline mode, Visit the nearest Shriram General Insurance Branch Office. Get the documents required for the Shriram General Insurance Plans here.

  • Proposal Form with the Photograph.
  • Age proof of the General assured.
  • Nominee & General Assured Address Proof.

Shriram Household Insurance Plan Buying Procedure

  1. Decide the amount of premium amount insured wish to invest. And also Decide on the Sum Assured amount.
  2. Shriram General Advisor will aid you to fill in the application form.
  3. A cheque will have to be drawn in favour of Shriram General Insurance Co Ltd.
  4. A verification call from Shriram General Insurance centre will make once you apply for the policy.

Shriram Home Insurance Online Renewal

The Shriram Home Insurance Renewal is possible in two ways. One is through offline and other through online. For offline renewal of Shriram Home Insurance, insured must visit the Shriram General Insurance Branch Office within the grace period. The policyholder should fill the respective forms regarding the Householder’s policy and make a payment. Shriram Householder Insurance Renewal Process through Offline is a time taking process. To make renewal process easy for you, Shriram Home Insurance company offers Shriram Online renewal option. Shriram Home Insurance policy renewal through online is an easy process compared to the offline process. Shriram online renewal option assists the insured to renew your Shriram Home Insurance Policy through online.

By using Shriram Home Insurance renewal through online, you can renew the policy at any time any place with simple clicks. Shriram General Insurance policies such as Car Insurance,  Health Insurance, Two Wheeler Insurance and  Home Insurance will have the policy period of One year. If policyholder interested in continuing the Home insurance policy, then She/He can renew the policy every year by Shriram General Insurance renewal through online. Check the Contents required for the Shriram General Insurance- Home Insurance Renewal.

  • Name of the Policyholder.
  • Policy Document Number.
  • Date of Birth.
  • Mobile Number& Email ID of Policyholder.

Shriram Home Plans Claim Procedure

The Life Insured can claim the Health Insurance plan offered by Shriram General Insurance after the completion of the policy period. In the case of eventual illness of the policyholder, the nominee can claim instead of the General assured. The insured need to submit the claim documents to Shriram General Insurance Company or a Third Party Administrator (TPA) on the diagnosis of the cancer conditions. Once Shriram Company approves of the claim, the benefit amount payable under the policy will be transferred to policyholder’s account through a NEFT payout or transfer. Let us have a glance at the documents required for Claim the Shriram General Shriram General Endowment Plan here.

  • Original policy Bond / Document.
  • Discharge form.
  • NEFT Payout Form.
  • Cancel check or Bank Passbook xerox.
  • Proof of Accident and Disability.
  • Death certificate ( If in the case of the eventual death of the Life Insured).

Shriram Home Plan Premium Calculator

Shriram General Premium Calculator is to calculate Premium amount for yearly, half-yearly, quarterly and monthly of any Home policy. This New Shriram Rising Star plan calculator is used to estimate the benefits offered by the Shriram Home Insurance Plan. The Shriram General Maturity Calculator provision helps policyholder to calculate the premium and amount paid to the insured after maturity. Shriram Premium Calculator is useful for the insured to calculate their Maturity amount and premium amount.

To make your dream home construction, Shriram Home Insurance offers a broad range of solutions. If you are looking for a plan that guarantees financial protection to your family or savings Shriram Home Insurance Plans are the best Option for you. Shriram Home Insurance Plan has come up with different insurance plans to assist you in all stages of General.

  • Enter Name.
  • Date of Birth.
  • Mobile number and email.
  • Policy term.
  • Sum Assured.