SBI Home Loan Insurance Premium Calculator March 2018 – Details on State Bank of India Home Loan Insurance ✓ Premium Calculator ✓ Insurance Cover ✓ Benefits ✓ Review ✓ Policy Protection ✓ Protection Plans ✓ Premium Payment ✓ Issues & more. The rate of premium shall depend upon the Loan Tenure, Period of Insurance & Age of the insured. This policy covers Accidental Death and Permanent Total Disablement under the Personal Accident section of this policy.
You spend your lifetime in dreaming about a home of your own. You take the help of financial institutions to fulfill your dream. Along with the pleasure of fulfilling your dream come the liability and the responsibility of paying for the same over the next few years coupled with fear of default.
Protect it with SBI General’s Long Term Home Insurance Policy. You spend your lifetime in dreaming about a home of your own. You take the help of financial institutions to fulfil your dream. Along with the pleasure of fulfilling your dream come the liability and the responsibility of paying for the same over the next few years. At SBI General, we make things easy for you to protect your dream home. With SBI General’s Long Term Home Insurance Policy, you can truly enjoy the home you have just acquired.
A. Home insurance can be purchased for a policy period from 3 years to 30 years. The value of your home structure is assessed as per the area of your home multiplied by the rate of construction per square feet.
SBI HOME LOAN INSURANCE COVERAGE
- SBI General’s Long term Home Insurance Policy is designed for covering loss or damage caused to the building used as residential homes due to fire and special perils. Covers destruction of or loss/ damage to the insured property by any of the following perils :
- Explosion / Implosion (excluding boilers , economizers, pressure vessels)
- Aircraft Damage
- Riot, Strike and Malicious Damage
- Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
- Impact Damage
- Subsidence and Landslide including Rockslide
- Bursting and/ or Overflowing of water tanks, apparatus and pipes
- Missile Testing Operations
- Leakage from Automatic Sprinkler Installations
- Bush Fire
- Earthquake (Fire and Shock)
- Further, on payment of additional premium, Terrorism Cover can be opted.
- Disclaimer: The above information is only indicative in nature. For details of the complete coverage please contact our nearest office and refer to the policy document.
- Duration – The recommended Plan option is a minimum of 3 years as it will optimally protect your dream home against any eventualities. The maximum duration one can take is 30 years.
- The rate of premium shall depend upon the Location and Period of Insurance Policy.