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Property Insurance
Your property represents years of hard work and savings. Whether it's your home, office, shop or factory, it's valuable and important to you. Property insurance helps you protect these assets and ensures they stay secure.
Think about everything you own - your building, furniture, equipment and inventory. Each item has value and serves a purpose in your life or business. Property insurance gives you financial support when unexpected events happen. It helps you repair or replace what's damaged, so you can continue with your life and work.
Here's how it works: you pay a regular premium, and if your insured property gets damaged, the insurance company covers the costs. This means you can fix or replace things using the insurance money instead of your savings.
At IndusInd General Insurance (formerly Reliance General Insurance), we offer property insurance plans for different types of properties and needs. You choose what to insure and which risks to cover. Our plans are flexible, and our claims process is simple and straightforward. We are here to help you protect what matters, giving you the support you need when things go wrong.
What is Property Insurance?
Property insurance is a policy that pays you money if your property gets damaged or destroyed. It covers buildings, furniture, equipment, stock and other items you own. Common risks covered include fire, floods, earthquakes, theft and storms. When something bad happens to your insured property, you file a claim, and we pay for repairs or replacement. This way, you don’t have to spend your own savings to fix the damage.
IndusInd property insurance protects your home or commercial property from unexpected losses caused by events and helps you recover financially by covering repair, replacement, or rebuilding costs that might otherwise be difficult to afford. With us as your insurer and the right policy in place, your valuable assets are safeguarded against unforeseen risks.
Instant Policy Issuance
All-digital process with minimal paperwork
10+ Risks Are Covered
Wide range of coverage options
Multiple Plan Options Available
Choose a cover that suits you
24/7 Customer Support Available
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Why Do You Need Property Insurance?
Protection From Financial Loss
When property damage happens, repairs or replacements can cost lakhs of rupees. Without insurance, this money comes directly from your pocket. This can drain your savings completely. With property insurance, we pay for the damage, keeping your money safe for other needs.
Covers Many Different Risks
Property faces various threats - fire can start from a short circuit, floods from heavy rains, theft during holidays or earthquakes without warning. Our insurance policy can protect against all these risks together. You do not need separate policies for each problem, making life simpler.
Keeps Your Business Running
If you run a business and your shop or office gets damaged, you might have to close temporarily. This means no income and unhappy customers. Your property insurance will pay the costs of repairs in a timely manner, allowing you to reopen your business more quickly and continue to generate revenue. Your business doesn’t stop for long.
Meets Loan and Legal Requirements
Banks often require property insurance when giving home loans or business loans. Landlords may ask for it in rental agreements. Having insurance fulfils these requirements while protecting you. It’s both a legal necessity and smart financial planning that keeps everyone satisfied and your property secured.
Key Benefits & Features of IndusInd Property Insurance
Types of IndusInd Property Insurance in India
Home Insurance
This policy protects your house and everything inside it. We cover the building structure, furniture, appliances and personal belongings against fire, theft, floods and other risks. If your home gets damaged, we pay for repairs. If items get stolen or destroyed, we help replace them. This insurance keeps your home and family's belongings safe from unexpected losses.
Office Package Policy
Designed for business offices, this policy covers your office building, furniture, computers and equipment. We protect against fire, burglary and accidental damage. It also covers money kept in the office safe or being transported to the bank. You can add coverage for employee accidents and dishonesty. If something happens to your office property, we help you replace or repair it quickly, so your business keeps running.
Shopkeepers Insurance Policy
Perfect for small and medium shop owners, this policy protects your shop building, stock, furniture and equipment. We cover fire, theft, floods and other risks. You can add coverage for money in transit, electronic items and employee accidents. If your shop gets damaged, we pay to fix it. If the stock gets destroyed, we compensate you. This helps you reopen quickly and continue earning from your business.
Standard Fire and Special Perils Policy
This is a basic fire insurance policy that covers any type of property - homes, shops, offices or factories. We protect against fire, lightning, explosions, floods, earthquakes, storms and riots. Your building, contents, machinery and stock are all covered. If fire or natural disasters damage your property, we pay for repairs or rebuilding. It's a simple, affordable way to protect your property from common risks.
Bharat Sookshma Udyam Suraksha Policy
Made for very small businesses with a total property value of up to ₹5 Crore. It covers your building, machinery, furniture and stock against fire, floods, theft and more. Even computer data and employee personal belongings get basic protection under this plan. Start-up costs after a loss are also covered. A simple, affordable way for micro-enterprises to stay safe from sudden losses and quickly get back to running their business without any financial worry.
Bharat Laghu Udyam Suraksha Policy
Built for small and medium businesses with property value between ₹5 Crore and ₹50 Crore. It covers buildings, plant and machinery, furniture and stock against fire, natural disasters, theft and riots. Extra built-in benefits like debris removal costs, start-up expenses and professional fees are already included at no extra charge. If your business grows over time, this policy grows with you and keeps everything well-protected at every step.
Bharat Griha Raksha Policy
A complete home insurance policy that protects both your house structure and everything inside it. It covers fire, floods, earthquakes, theft and many more risks. Your building's sum insured automatically increases every year at no extra cost, which keeps up with rising construction prices. It also pays temporary rent if your home becomes unlivable after damage. Your family is financially secure regardless of what occurs.
Inclusions & Exclusions of IndusInd Property Insurance
What's Covered
Water Damage: Coverage for burst pipes, overflowing tanks, leaking roofs and accidental water discharge.
Machinery Breakdown: Electrical and mechanical failures, sudden breakdowns and accidental damage to machinery.
Fire Damage: Protection against fire, lightning strikes, explosions and smoke damage to your property.
Natural Disasters: Coverage for floods, earthquakes, storms, cyclones, landslides and other natural calamities.
Theft & Burglary: Compensation when someone breaks in and steals or damages your belongings.
Riot Damage: Protection against damage from strikes, riots, civil disturbances and malicious activities.
What's Not Covered
Wear & Tear: Normal ageing, deterioration, rust, corrosion and regular maintenance are your responsibility.
War Damage: Losses from war, invasion, terrorism and nuclear radiation aren't covered.
Intentional Damage: Any damage you cause deliberately or through gross negligence is excluded.
Existing Damage: Problems that existed before buying the policy won't be covered.ses of emergency medical evacuation
Consequential Loss: Business losses, lost profits and rental income loss aren't included.
Disclaimer: Inclusions and exclusions are subject to policy terms and conditions. Please refer to the official policy documents here.
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Property Insurance Claim Process
Contact our customer care or your insurance agent immediately when the damage occurs to register your claim.
File an FIR at the nearest police station if the damage involves theft, burglary, riots or criminal activity.
Collect and submit all documents, including the claim form, policy copy, damage photos, bills and police report to us.
Our surveyor visits your property to assess actual damage, takes photographs and prepares a detailed loss report.
After we verify and approve everything, the claim amount is transferred directly to your bank quickly.
Disclaimer: For precise claim-related information, please refer to policy documents or get in touch with our customer helpline.
Factors That Affect Property Insurance Premiums
Everyone pays different amounts for property insurance. The price you pay depends on various things about your property and location. Knowing what affects your cost helps you save money and choose better coverage options.
Type of Property
Your property type matters a lot. A residential home costs less to insure than a factory or warehouse. Commercial properties with higher risks face higher premiums. The way you use your property - whether for living or business - directly impacts your insurance cost.
Location and Area Risk
Where your property is located affects your premium significantly. Properties in flood-prone areas or earthquake zones cost more to insure. Areas with high crime rates also see higher premiums. Safe neighbourhoods with good infrastructure get better rates from insurance companies.
Sum Insured Amount
The amount of coverage you choose directly changes what you pay every year. Higher coverage means higher premium payments. Make sure you choose the right sum insured, not too low to leave gaps, not too high to overpay.
Safety Measures Installed
Having safety equipment on your property lowers your insurance costs with us. Things like fire extinguishers, smoke alarms, CCTV cameras and burglar alarms help reduce your premium, because they make your property safer and reduce our risk. Spending on good security saves you money on insurance.
Key Takeaways
Property insurance protects your valuable assets from unexpected events and financial losses. It covers buildings, furniture, equipment, stock and machinery against risks like fire, floods, theft, earthquakes and more. Whether you own a home, shop, office or factory, having the right insurance plan keeps you financially secure when damage occurs.
At IndusInd General Insurance (formerly Reliance General Insurance), we offer different types of property insurance for different needs. Our home insurance will safeguard both your residence and your belongings. Office package coverage protects both the properties and the equipment of a company. Shopkeepers' insurance helps retail businesses stay protected. For specialised needs, we have contractor policies, machinery insurance and fire coverage plans tailored to your requirements.
We provide comprehensive coverage that you can customise based on what matters most to you. Our premiums are cost-effective, and our claims settlement is fast and efficient. Getting insured is simple, renewing is easy and claiming is straightforward with us by your side, supporting you every step of the way.
IndusInd General Insurance
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