5 min read•Jan 2025
🏠 Home Insurance
Best Home Insurance Plans
Protect your home from fire, flood, theft & natural disasters. Structure + contents coverage from ₹2,500/year.
IRDAI Approved Insurers
Quick Claim Settlement
Secure & Encrypted
4.8★ Rated Service
Get Best Home Insurance Quotes
Free expert advice · Takes 30 seconds
Home Insurance
What Is Home Insurance?
Home insurance is a protective policy that safeguards your physical home structure and its contents from damages caused by natural disasters, fire, theft, and other unforeseen events. In India, home insurance is crucial due to the vulnerability to earthquakes, floods, and cyclones. Structure insurance covers the cost of repairing or rebuilding your home's walls, roof, and fixed fittings, while contents insurance protects furniture, electronics, and personal belongings.
For homeowners, a comprehensive structure and contents policy provides complete peace of mind. Tenants can opt for contents-only coverage to protect their personal belongings without paying for the structural insurance. The premium is calculated based on the reinstatement cost of the building (the cost to rebuild) rather than the market value or land price, making home insurance surprisingly affordable in India.
Filing a home insurance claim requires documenting the damage with photos or videos, filing an FIR for theft or burglary, and notifying your insurer immediately. A surveyor will assess the damage to process the claim. Exclusions typically include normal wear and tear, pre-existing damage, and war risks. Adding optional covers like electrical breakdown or loss of rent ensures comprehensive security.
Who Should Buy?
Homeowners & property owners
Tenants & renters
Landlords & real estate investors
Key Features
- Structure coverage for fire & allied perils
- Contents coverage for furniture & electronics
- Natural disaster protection (floods, earthquakes)
- Theft, burglary, and housebreaking cover
- Public liability cover for third-party injury
- Rent allowance during home repair period
- Electrical & mechanical breakdown add-on
Compare Insurers
Top Home Insurance Providers
23 insurers — ranked by claim settlement ratio
Sort by
Min Claim Ratio
Showing 23 of 23 providers
Bajaj Allianz General Insurance Company Ltd
IRDAI Reg: 113
Claim Ratio
98%
Solvency Ratio
2.24x
Network Hospitals
10,000+
“Jiyo Befikar”
View Plans →
ICICI Lombard General Insurance Company Ltd
IRDAI Reg: 115
Claim Ratio
97.8%
Solvency Ratio
2.1x
Network Hospitals
9,400+
“Nibhate Hain”
View Plans →
The New India Assurance Co Ltd
IRDAI Reg: 190
Claim Ratio
97.3%
Solvency Ratio
2.05x
Network Hospitals
11,000+
“Largest General Insurer in India”
View Plans →
HDFC Ergo General Insurance Company Ltd
IRDAI Reg: 146
Claim Ratio
97.1%
Solvency Ratio
2.15x
Network Hospitals
13,000+
“Sar Utha Ke Jiyo”
View Plans →
Tata AIG General Insurance Company Ltd
IRDAI Reg: 108
Claim Ratio
96.8%
Solvency Ratio
2.03x
Network Hospitals
8,700+
“Making Insurance Simple”
View Plans →
Zurich Kotak General Insurance Company (India) Ltd
IRDAI Reg: 152
Claim Ratio
96.5%
Solvency Ratio
1.93x
Network Hospitals
7,800+
“Insure More, Worry Less”
View Plans →
Go Digit General Insurance Ltd
IRDAI Reg: 158
Claim Ratio
96.4%
Solvency Ratio
1.98x
Network Hospitals
5,600+
“Insurance, Simplified”
View Plans →
Cholamandalam MS General Insurance Company Ltd
IRDAI Reg: 123
Claim Ratio
96.2%
Solvency Ratio
1.82x
Network Hospitals
6,500+
“Protecting What Matters Most”
View Plans →
National Insurance Company Ltd
IRDAI Reg: 058
Claim Ratio
96.1%
Solvency Ratio
1.95x
Network Hospitals
9,500+
“Trusted Since 1906”
View Plans →
IFFCO-Tokio General Insurance Company Ltd
IRDAI Reg: 106
Claim Ratio
95.8%
Solvency Ratio
1.83x
Network Hospitals
6,200+
“A Lot Can Happen, Be Insured”
View Plans →
SBI General Insurance Company Ltd
IRDAI Reg: 144
Claim Ratio
95.6%
Solvency Ratio
1.89x
Network Hospitals
6,000+
“Suraksha Aur Bharosa”
View Plans →
United India Insurance Company Ltd
IRDAI Reg: 545
Claim Ratio
95.4%
Solvency Ratio
1.78x
Network Hospitals
7,200+
“Your Trusted Insurance Partner”
View Plans →
The Oriental Insurance Company
IRDAI Reg: 556
Claim Ratio
94.9%
Solvency Ratio
1.72x
Network Hospitals
6,800+
“Protection You Can Count On”
View Plans →
Universal Sompo General Insurance Company Ltd
IRDAI Reg: 134
Claim Ratio
94.7%
Solvency Ratio
1.71x
Network Hospitals
7,000+
“Securing Your Tomorrow”
View Plans →
Shriram General Insurance Company Ltd
IRDAI Reg: 137
Claim Ratio
94.5%
Solvency Ratio
1.69x
“Coverage You Can Rely On”
View Plans →
Royal Sundaram General Insurance Co. Ltd
IRDAI Reg: 111
Claim Ratio
94.3%
Solvency Ratio
1.62x
Network Hospitals
5,800+
“Go Beyond”
View Plans →
Liberty General Insurance Ltd
IRDAI Reg: 150
Claim Ratio
93.7%
Solvency Ratio
1.67x
Network Hospitals
5,400+
“Freedom to Protect”
View Plans →
IndusInd General Insurance Company Ltd
IRDAI Reg: 162
Claim Ratio
93.4%
Solvency Ratio
1.65x
Network Hospitals
5,200+
“Insurance Redefined”
View Plans →
Zuno General Insurance Company Ltd
IRDAI Reg: 157
Claim Ratio
93.2%
Solvency Ratio
1.63x
Network Hospitals
4,200+
“New Age Insurance”
View Plans →
Raheja QBE General Insurance
IRDAI Reg: 141
Claim Ratio
92.8%
Solvency Ratio
1.58x
Network Hospitals
3,500+
“Assured Protection”
View Plans →
General Central Insurance Company Ltd
IRDAI Reg: 179
Claim Ratio
92%
Solvency Ratio
1.55x
Network Hospitals
4,500+
“Comprehensive Coverage for All”
View Plans →
Magma General Insurance
IRDAI Reg: 149
Claim Ratio
91.3%
Solvency Ratio
1.5x
Network Hospitals
3,800+
“Trusted Protection”
View Plans →
Navi General Insurance Ltd
IRDAI Reg: 155
Claim Ratio
90.1%
Solvency Ratio
1.52x
Network Hospitals
5,000+
“Simple. Affordable. Reliable.”
View Plans →Best Plans
Top Insurance Policies
Sorted by popularity and claim settlement ratio
Common Questions
Home Insurance FAQs
Home insurance in India typically covers two components: structure (building) and contents. Structure coverage protects the physical building from fire, floods, earthquakes, cyclones, and other natural disasters. Contents coverage protects furniture, electronics, appliances, and personal belongings from theft, fire, and damage. Many policies also offer liability coverage and add-ons for jewellery or valuables.
Home insurance premiums in India start from as low as ₹2,500 per year depending on the property value, location, coverage type, and chosen add-ons. A standard plan for a mid-range home typically costs between ₹3,000–₹10,000 annually. The premium is calculated based on the sum insured (reinstatement value of the property), not the market value or land price.
Home insurance is not legally mandatory in India. However, it is highly recommended given India's vulnerability to natural disasters like floods, cyclones, and earthquakes. Some banks and housing finance companies may require you to have home insurance as a condition for a home loan. Even without a loan, the financial protection it provides far outweighs the modest annual premium.
Home insurance in India typically does not cover: normal wear and tear of the property, pre-existing damage, intentional damage or negligence, war and nuclear risks, damage due to faulty construction, loss of cash or documents, and damage to motor vehicles parked at the property. It is important to read your policy document carefully to understand all exclusions before purchasing.
To file a home insurance claim: (1) Notify your insurer immediately after the incident via their helpline or app. (2) Document the damage with photographs and videos. (3) File an FIR with police for theft or burglary cases. (4) Submit the claim form along with supporting documents including photos, purchase bills, and repair estimates. (5) A surveyor appointed by the insurer will assess the damage. (6) Once approved, the claim amount is settled via bank transfer. Most insurers aim to settle claims within 7–30 days.
Still Unsure?
Talk to an Expert — Free
Our certified advisors are available 24×7.
Related Articles
Learn More About Home Insurance
5 min read•Jan 2025
How to File an Insurance Claim Without Hassle
5 min read•Jan 2025