Gold Plan - Introduction Protect your most precious possession and memories from natural and man-made calamities. Our comprehensive Gold Plan protects much more than just your home.
Policy Coverage Building cover: This covers the structure of your home. You can avail compensation for repair damages to the building's structure caused by natural and man-made calamities.
Contents cover: This cover the belongings of your home. It provides protection for incurred losses due to damages or burglary.
Your house is covered for the following comprehencsive range:
Fire and Special Perils Cover- Rs. 80,00,000. A comprehensive cover that provides for damages to the structure and the contents of your home due to - Fire - Storm, tempest, flood & inundation - Riot - Strike & malicious damages - Lightning - Cyclone - Explosion & implosion - Aircraft damage/ damage due to impact by vehicles - Landslides and rockslides - Bursting and/ or overflowing of water tanks, apparatus and pipes - Missile testing operation - Leakage from automatic Sprinkler installation
Burglary- Rs. 30,00,000: This covers the loss of contents due to burglary and loss of jewellery, gold ornaments, silver articles and precious stones that are kept under lock and key.
Family Protect- Rs. 1,00,000 : Protects your financial commitments against death or injury due to an accident to you or your spouse.
Reimbursement of Medical / Hospital expenses- Rs. 20,000: This covers the medical expenses incurred in case of bodily injury sustained due to any insured peril as provided in the fire and special perils and burglary covers.
Loss of cash whilst-in-transit- Rs. 10,000: Loss of cash-in-teansit protects you for any loss of cash in your possessions while being carried from the bank or ATM on the way to the desired destination, due to burglary.
Baggage insurance- Rs. 10,000 (Excess Rs. 1,000): It covers the total loss or damage of your baggage during a trip to any part of India due to fire, riot, strike, or theft.
Public liability: Premises- Rs. 4,00,000 (excess Rs. 40,000): It protects you against legal liability in case of accidental death, bodily injury or damage to property of a third party.
Expenses towards temporary resettlement- Rs. 10,000: Any damages due to packing, unpacking, moving the expenses to an alternative place in case the insured’s home is damaged by any peril is covered under this policy.
Expenses on rent for alternative accommodation- Rs. 1,00,000 ** : The policy provides for any additional expenses incurred for the payment of rent, while shifting to an alternative accommodation due to perils covered under this policy.
Basis of Valuation
Structure of your home: The structure of your home is covered on ‘Reinstatement Value’ basis. This is the cost of rebuilding your home with the similar new construction. It does not cover the market value of your home as the land and the status value of that particular location also adds to this price. Only the cost of construction of the home is covered, as land is indestructible.
Contents of your home: All the contents are covered at their market value. This means that if there were a loss, the claim would be paid on the value of purchasing a similar new item, less depreciation.
The limit for the value of jewellery that can be covered is 25% of the chosen sum insured or Rs. 1 lac, whichever is lower. Thus, if you have chosen a sum insured of Rs. 3 lacs, then the value of jewellery that can be covered is Rs. 75,000 and if you have chosen a sum insured of Rs.6 lacs your jewellery can be covered only for Rs.1 lac even though 25% of your sum insured comes to Rs.1.5 lacs.
Key Benefits Following add-on options can be availed:
Loan repayment for home loans- Rs. 1,00,000 (Excess Rs. 1,000) This cover protects you or your spouse against payment up to 6 EMI of the loan taken for a home in case of death or permanent total disability caused by an accident.
Loan repayment for motor loans- Rs. 1,00,000 (Excess Rs. 1,000) Protects you against payment up to 6 EMI of the loan taken for your personal car, in case of death or permanent total disability to you or your spouse caused by an accident.
Terrorism- Rs. 80,00,000** It covers losses to the structure of your home and the contents due to acts of terrorism.
Personal Products 
