Jan 13, 2017 08:59 AM IST IST | Source: PTI

Royal Sundaram General launches home insurance policy

'Gruh Suraksha' offers a suite of tailored offerings catering to the needs of diverse customer segments-ranging from those with annual income of Rs 5 lakh to more than a crore, the company said in a statement.

Royal Sundaram General Insurance said it has launched a home insurance policy whose's offerings would benefit a wide range of customers.

'Gruh Suraksha' offers a suite of tailored offerings catering to the needs of diverse customer segments-ranging from those with annual income of Rs 5 lakh to more than a crore, the company said in a statement.

The product not only offers insurance for the building, but also comes with unique benefits including insurance on loss of rent as well as provisions for rent for alternate accommodation, it said.

The policy covers any damage to the premises on account of terrorism, natural disasters, man-made calamities, accidents including damages caused by bursting of pipes/water tanks and leakage from automatic sprinkler.

Besides, the policy also offers covers up to Rs 50 lakh for household contents including paintings, digital devices, appliances and jewellery. Customers can also buy additional coverage on employee compensation, personal accident, external equipment and baggage insurance.

"This product is ideally suitable for customers who are seeking comprehensive home insurance. It offers five plans including Bronze, Silver, Gold, Platinum and Diamond catering to all segments from affordable housing category," Royal Sundaram General Insurance chief product officer Nikhil Apte said.

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