Home Insurance
Housing Society Insurance
Key Features
Secure your home's every need with a complete package insurance
Coverage Highlight
All-round protection for every aspect of your home and beyond
Package Policy
Provides an all-round protection for your home and its contents against various risks such as fire, burglary, natural calamities etc
Multiple Plans
Choose from various sections that suit different needs and budgets, whether you own or rent your home
Financial Security
Protect youself and your family from financial setbacks due to incidents like burglary, theft or fire
Coverage for Housing society
Get comprehensive coverage for Housing Societies
All Risk Coverage
Avail all risk coverage for pedal cycles, electronic items etc.
Additional Benefits
Get coverage for personal accident, liability, pedal cycle, baggage, breakdown of domestic appliances etc.
Sectional Discount
Get discount of 15% on opting for more than 5 sections & get discount of 20 % on opting 7 or more sections
Key Inclusions
What's covered?Buildings And Contents(Excluding Valuables)
Cover for damage to the house and its contents due to fire, lightning, explosion, and other specified perils
Burglary And Theft
Get coverage for loss or damage to the insured property due to burglary or theft
Jewellery And Precious Items(All Risks)
Protects against loss or damage to jewellery and other valuable items due to theft, burglary, or other covered perils
Plate Glass
Covers accidental breakage of fixed plate glass in the insured premises
Breakdown Of Domestic Appliances
Covers repair or replacement costs for domestic appliances that break down due to electrical or mechanical issues
Electronic Equipment
Provides coverage for loss or damage to electronic equipment like computers, TVs, and other gadgets
Pedal Cycle
Cover for loss or damage to pedal cycles due to accidents, theft, or other covered perils
Baggage
Protect against loss or damage to personal baggage while travelling
Personal Accident
Get compensation in case of accidental death or disability of the insured person
Public Liability
Cover for legal liability for accidental bodily injury or property damage to third parties
Employee's Compensation
Get coverage for legal liability towards employees for bodily injury or death arising out of and in the course of employment
Key Exclusions
What's not covered?Pre-existing Damage
Any pre-existing damage to the structure of your home and contents is not covered
Consumable Items
Loss or damage to articles of consumable nature is not covered
Manufacturing Defects
Loss or damage due to manufacturing defects in electrical, mechanical, and electronic items is excluded
Intentional Damage
Any intentional or willful destruction of the property (home and contents) is not covered
Consequential or indirect loss
Any consequential or indirect losses such as loss of rental income due to a fire rendering your property unlivable for a certain period of time
Normal Wear & Tear
Loss or damage caused by depreciation or wear and tear
Other Exclusions
Please refer to policy wordings for details
Additional Covers
What else can you get?Rent For Alternate Accommodation And Brokerage
If your home becomes inhabitable due to covered perils, some plans cover rent & brokerage for alternate accomodation up to a specified limit
Loss Of Rent Cover
Compensates for lost rental income if your insured property becomes uninhabitable following a loss
Temporary Resettlement Cover
Covers expenses for temporary accommodation if your home is uninhabitable after a covered event
Portable Equipments Cover
Covers repair or replacement costs due to unforeseen accidental loss or damage to the covered portable equipments
Purchase Protection Cover
Cover loss or damage to newly purchased furniture, appliances, and electronics due to fire, burglary, theft, or accidents at the insured premises
Key And Lock Replacement Cover
Covers cost for replacing locks and keys of your home and vehicles if they are lost or stolen
ATM Withdrawal Robbery Cover
Provides financial protection if you are robbed after withdrawing cash from an ATM
Lost Wallet Cover
Replacement costs for lost or stolen wallet as well as personal papers and payment cards that were in the wallet
Dog Insurance Cover
Insures against death from accidents or diseases of your pet dog covered under the policy
Ambulance Charges Cover
Covers ambulance expenses upto INR 5,000 for transporting the injured to the nearest hospital
Benefits You Deserve
Comprehensive Coverage Bouquet
Diverse array of coverages for complete home protection
Cover from Brick to Decor
Protection extends from the building to the interiors, ensuring complete cover
Preferred by Housing Societies
Comprehensive coverage to fulfill the needs of housing societies
Housing Society Insurance
Housing society insurance is a specialised form of property insurance designed to protect residential communities against risks such as fire, natural disasters, theft, and third-party liability. Bajaj General Insurance offers home insurance plans that can cover the building and its contents, and can be adapted for housing societies.
Homeowners within such societies can opt for Comprehensive Home Insurance to safeguard their flats or villas. This ensures protection of the building structure, contents, and personal belongings against unforeseen damage.
What Is Housing Society Insurance?
Housing society insurance typically refers to a policy taken by the residents’ welfare association or cooperative housing society. It covers the common areas, building structure, lifts, basement, clubhouse, and third-party liabilities due to accidents within the premises.
Self-Service Options
Many insurers, including Bajaj General Insurance Company, offer easy-to-use online platforms to purchase, renew, and manage policies for home insurance coverage.
At-A-Glance
Compare Insurance Plans Made for You
| Plans Offered |
Gold Plan I |
Diamond Plan I |
Platinum Plan I |
Gold Plan II |
Diamond Plan II |
Platinum Plan II |
|---|---|---|---|---|---|---|
| Suitable For | Flats/Independent Buildings/Bungalows | Flats/Independent Buildings/Bungalows | Flats | Flats/Independent Buildings/Bungalows | Flats/Independent Buildings/Bungalows | Flats |
| Home Building Cover | Market Value Basis: Cost of replacement or repairs to restore to original condition after adjusting for depreciation | Reinstatement Value Basis: Cost of replacement or repairs to restore to original condition without depreciation | Agreed Value Basis: Mutually determined value while buying the policy | Market Value Basis: Cost of replacement or repairs to restore to original condition after adjusting for depreciation | Reinstatement Value Basis: Cost of replacement or repairs to restore to original condition without any depreciation | Agreed Value Basis: Mutually determined value while buying the policy |
| Home Content Cover | New for old basis: Cost of replacement with a new item of the same kind without depreciation | New for old basis: Cost of replacement with a new item of the same kind without depreciation | New for old basis: Cost of replacement with a new item of the same kind without depreciation | Indemnity Basis: Cost of replacement with item of the same kind after adjusting for depreciation | Indemnity Basis: Cost of replacement with item of the same kind after adjusting for depreciation | Indemnity Basis: Cost of replacement with item of the same kind after adjusting for depreciation |
| Portable Equipments Cover | New for old basis for items upto specified age, else indemnity | New for old basis for items upto specified age, else indemnity | New for old basis for items upto specified age, else indemnity | Indemnity basis | Indemnity basis | Indemnity basis |
| Jewellery And Valuables, Curios, Art And Paintings | Optional Cover | Optional Cover | Optional Cover | Optional Cover | Optional Cover | Optional Cover |
| Rent For Alternate Accomodation And Brokerage | Not Covered | Covered up to specified limits | Not Covered | Covered up to specified limits | Covered up to specified limits | Covered up to specified limits |
| Emergency Purchases Up To INR 20,000 | Not Covered | Covered | Covered | Not Covered | Covered | Covered |
Why Buy Housing Society Insurance?
Owning a home in a residential society means sharing common infrastructure. Damage to these shared assets can be financially stressful. Housing society insurance ensures collective protection, reducing individual liability and ensuring peace of mind during emergencies.
Key Features of Housing Society Insurance Policies
● Covers structural damage from fire, floods, or earthquakes
● Protects shared society infrastructure
● Option to include third-party liability for injuries or damages
● Offers loss of rent/additional rent cover for temporary relocation
Coverage Options Available
While society-level plans differ by insurer, individuals can insure their:
● Flat structure
● Household appliances and electronics
● Jewellery and valuables
● Personal liability cover
With Home Insurance plans by Bajaj General Insurance, policyholders get the flexibility to tailor their plan to their property type and asset value.
Benefits of Housing Society Insurance
● Shared protection for common areas
● Reduced financial burden from natural calamities or fire
● Customisable to include burglary, riots, and terrorism cover
● Optional add-ons like key replacement and temporary accommodation support
Common Inclusions and Exclusions
Inclusions:
● Fire and smoke damage
● Natural calamities (earthquake, floods, storms)
● Theft and burglary
● Electrical/mechanical breakdown (for home contents)
Exclusions:
● Deliberate damage
● War and nuclear events
● Damages due to wear and tear
● Construction defects or poor maintenance
Download Policy Documents
Get instant access to your policy details with a single click.
Step-by-Step Guide
To help you navigate your insurance journey
How to Buy
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Visit Bajaj General website
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Enter personal details
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Compare home insurance plans
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Select suitable coverage
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Check discounts & offers
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Add optional benefits
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Proceed to secure payment
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Receive instant policy confirmation
How to Renew
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Login to the app
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Enter your current policy details
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Review and update coverage if required
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Check for renewal offers
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Add or remove riders
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Confirm details and proceed
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Complete renewal payment online
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Receive instant confirmation for your policy renewal
How to Claim
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Notify Bajaj General about the claim using app
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Submit all the required documents
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Choose cashless or reimbursement mode for your claim
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Avail treatment and share required bills
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Receive claim settlement after approval
Know More
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For any further queries, please reach out to us
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Toll Free : For Sales :1800-209-0144
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Email ID: careforyou@bajajgeneral.com
Housing Society Insurance Premium Calculator
Premiums depend on:
● Sum insured (building and contents)
● Location and age of property
● Type of structure (standalone or part of a building)
● Chosen add-ons and deductible options
Home Insurance calculators help estimate the right premium for individual homeowners within a society.
Steps to Purchase Housing Society Insurance
1. Visit your insurer’s website (e.g., Bajaj General Insurance)
2. Choose Home Insurance
3. Enter property details and sum insured
4. Select add-ons if required
5. Get a quote and make a payment
6. Download policy instantly
Claim Process for Housing Society Insurance
1. Inform the insurer immediately of any loss/damage
2. Submit FIR and photographs (if applicable)
3. Cooperate with the surveyor
4. Submit the claim form and documents
5. Receive claim settlement after approval
Why Bajaj General Supports Housing Societies?
Bajaj General Insurance offers a direct policy for housing societies as well as empowers individual homeowners through its Home Insurance policies. With coverage for structural damages, household contents, burglary, and add-ons for calamity-related losses, it’s a reliable solution for homeowners looking to protect their flats within a society setting and their co-operative housing societies. The easy online purchase and fast claim processes ensure convenience and confidence.
Wellness Companion
Insurance benefits and rewards
Earn points for health activities and get benefits as premium discounts & policy upgrades. Improve your health to reduce claims & maximize benefits.
Complete health assessment and data integration
Start with a detailed health evaluation and sync your medical records & wearables for real-time data on activity, sleep & vital metrics.
Insurance benefits and rewards
Earn points for health activities and get benefits as premium discounts & policy upgrades. Improve your health to reduce claims & maximize benefits
Complete health assessment and data integration
Start with a detailed health evaluation and sync your medical records & wearables for real-time data on activity, sleep & vital metrics.
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What Our Customers Say
Simple Process
Straightforward online travel insurance quote and price. Easy to pay and buy
Madanmohan Govindarajulu
Chennai
11th Apr 2019
Convenient
Very user-friendly and convenient. Appreciate the Bajaj General team a lot.
Payal Nayak
Pune
15th Mar 2019
Affordable
Very nice service with an affordable premium for travel insurance.
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Mumbai
5th Mar 2019
User Friendly
Quick, easy, and user-friendly process to buy travel insurance.
Abhijeet Doiphode
Pune
6th Feb 2019
Customer Support
Very prompt and professional service. I am pleased with the customer service team at Bajaj General.
Ushaben Pipalia
Ahmedabad
31st Jan 2019
Quick Assistance
I am highly impressed by the efficiency of the Bajaj General call centre executive who helped me with my travel insurance.
Paromik Bhattacharyya
Kolkata
25th Dec 2018
FAQ's
Why is it a good idea to purchase housing society insurance?
It protects shared property, lifts, basements, and liabilities, reducing the burden on individual residents in case of damage or accident.
Can housing society insurance be customised based on specific needs?
Yes, insurers often allow customisation in terms of coverage and add-ons to meet society-specific risks.
Is it mandatory for housing societies to have insurance in India?
It is not legally mandatory but highly recommended for risk management and financial protection.
Are individual flats covered under the society's insurance policy?
Only the common infrastructure is covered. Flat owners must take separate home insurance for personal protection.
What is the typical duration of a housing society insurance policy?
Most policies are annual but can also be taken for longer durations like 3 or 5 years.
When will housing society insurance be enforced?
From the start date mentioned in the policy schedule, once the premium is paid and the policy is issued.
How do I register my claim?
To initiate a claim, you must promptly notify your insurer. It is important to provide details such as the date and time of the incident, along with a summary of what happened. Quick reporting allows for a timely assessment and response to your claim.
What documents would I need to process my home insurance claim?
The documents required to raise a claim generally include your insurance policy, a detailed account of the incident, photographic or video evidence of the damage, and repair cost estimates. These documents help the insurer accurately evaluate the claim and determine the extent of the loss.
What is the claim settlement process under the home insurance?
The standard claim process involves reporting the incident, submitting all requested documentation, and undergoing an assessment by an insurance adjuster. Following the assessment, the insurer reviews the claim for approval. Upon approval, a settlement offer is presented by the insurer. This process ensures a fair evaluation of the claim.
How many times can I raise a claim on my home insurance policy?
While there is typically no fixed limit on the number of claims, frequent filings can influence your policy. Multiple claims within a short timeframe may lead to adjustments in your premiums. Insurance providers evaluate risk based on claim history, and consistent filings can indicate a higher risk profile, affecting future coverage.
What steps should I take immediately after my home is damaged?
Ensure the safety of everyone in your home. Take steps to prevent further damage, such as covering damaged roofs or windows. Document the damage with photos and videos. Contact your insurance company as soon as possible to report the claim.
Can I renew my home insurance policy?
Yes, home insurance policies can get renewed annually. Most insurers will offer renewal options, but it's essential to confirm with your specific provider.
How can I extend my home insurance plan?
Home insurance policies are generally renewed rather than extended. Contact your insurance provider before the policy's expiration date to initiate the renewal process.
What happens if my home insurance expires?
If your home insurance expires, your property will be uncovered. This means you would be financially responsible for any damages or losses that occur. It is recommended to ensure your policy is renewed before its expiration date to avoid a lapse in coverage.
What is the validity period of home insurance?
The validity period of home insurance is usually an year. However, some insurers may offer policies with different terms. Always confirm the validity period with your insurance provider when purchasing or renewing your policy.
Can I change my coverage level or add-ons at renewal?
In most cases, you can adjust your coverage level or add-ons at renewal. However, any changes may be subject to underwriting and approval by the insurance company.
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