SBI General Insurance has launched SBI General Flexi Home Insurance. This comprehensive and flexible insurance policy is designed to provide financial security for diverse residential needs, including owned and rented properties and housing societies.
The ‘SBI General Flexi Home Insurance offers greater flexibility and allows customers to design a tailor-made home insurance policy per their requirements. The unique feature of this product is that it offers customers a Stand-Alone “Fire" only insurance cover as mandatory, complemented by an extensive range of perils and add-ons that ensure personalized protection for every homeowner. These add-ons include valuable item protection, alternative accommodation expenses, and burglary cover, and they also offer discounts for multiple optional covers.
The product provides comprehensive protection for home structure, content & additional risk. The policy safeguards against property damage, natural calamities, fire, and burglary. It also covers other unforeseen events, making it a reliable option for homeowners and renters seeking protection. Additionally, it offers long-term security through a one-time payment for up to 20 years.
The policy offers comprehensive protection for homeowners, with fire cover as the only mandatory component. It provides extensive coverage for the home structure and contents and optional covers for natural disasters, burglary, and theft. Policyholders can opt for long-term security with a one-time payment covering a tenure of up to 20 years. Additionally, the policy includes a range of attractive optional covers and discount options, allowing for flexible and enhanced protection tailored to individual needs.
SBI General Flexi Home Insurance stands out as a versatile and customer-centric home insurance solution, addressing the needs of diverse homeowners and tenants across India. With a one-time premium payment option and a hassle-free claims process, the policy has been developed to provide financial stability and peace of mind to the policyholders and strengthen SBI General’s commitment to providing innovative and comprehensive insurance solutions.
Subramanyam Brahmajosyula, Chief Product & Marketing Officer at SBI General Insurance, said, "At SBI General Insurance, we recognise that every home is unique, and so are its protection needs. Whether it’s a homeowner safeguarding a lifelong investment or a tenant securing valuable possessions, each individual has specific insurance requirements."
With SBI General Flexi Home Insurance, we offer a tailor-made solution that provides peace of mind through flexible and extensive coverage. This product is designed to empower customers with the freedom to choose their protection levels while ensuring financial security against unforeseen circumstances."
