Insurance

Property Insurance

Property insurance provides financial protection against damage or loss to property caused by events like fire, theft, natural disasters, and accidents. It covers homes, commercial buildings, and their contents, helping owners recover repair or replacement costs.

Product Overview

Eligibility

Property owners, landlords, and tenants (for contents insurance) can apply. The property must meet safety standards, and eligibility may vary depending on location, construction type, and usage.

Interest Rates & Charges

Includes annual premium, deductibles (amount paid before claim), policy fees, and applicable taxes. Premium depends on property value, location, risk factors, and coverage type

How to Apply

Choose a suitable property insurance plan, assess the value of your property, compare coverage options, fill out the application form, submit necessary documents (property details, ID proof), and pay the premium. The insurer may inspect the property before approval.

Product FAQs

Covers common questions like what risks are included, claim process, exclusions (e.g., wear and tear), how property value is calculated, and whether natural disasters are covered.

Need help choosing?

Share your requirement and a Banyan Business Zone advisor will contact you.