• SBI Home Insurance

     4.0 / 5.0   by 11 users
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    Policy Coverage

    Customer Service

    Plan Options

    Claim Experience

    Buying a house and building a home out of it not just requires a huge amount of financial investment, but it also entails a high level of emotional involvement. As your house is one of your most valuable assets, it deserves the best possible protection and care from various unforeseen circumstances. It is really important to choose an all-encompassing home insurance policy for the same.

    Overview of SBI General Home Insurance

    A joint venture between the State Bank of India and Insurance Australia Group (IAG), SBI general has a widespread network and established presence in almost 14,000 Branches of State Bank of India. Currently, the organisation boasts of a branches across 56 Indian cities. SBI general serves three major customer segments; Corporate segment, Retail segment and SME segment. SBI General offers Motor, Health, Travel, Personal Accident & Home Insurance for individuals, amongst the many other products and services provided.

    SBI General understands how important your house is to you and as a proud owner of your dream home, you desire the best insurance cover for it. The comprehensive and innovative home insurance policy offered by the company makes it easier for you to protect your house. With SBI General's Long Term Home Insurance Policy, you can bask in the glory of the home you have just acquired and enjoy a stress-free stay.

    Features and Benefits

    • Provides in-built coverage against earthquakes
    • The policy tenure ranges from a minimum of 3 years to a maximum period of 30 years
    • Provides coverage against any loss or damage to your house as a result of manmade or natural calamities
    • By paying an additional amount on your policy, you can opt for coverage against loss/damage caused by terrorist activities
    • The rate of premium depends on the location and tenure of the home insurance policy

    Coverage Provided

    The policy provides coverage against the following –

    • Natural calamities like earthquake, tempest, storm, hurricane, flood, landslide etc.
    • Fire, lightening, inundation, explosion (excluding boilers and pressure vessels), etc.
    • Loss/damage caused due to man-made calamities like riots, strikes, malicious activities, etc.
    • With an additional payment, one can also opt for Terrorism Cover
    • Covers your house against impact damage, missile testing operations, bursting of water tanks, pipes and other apparatus

    Frequently Asked Questions (FAQs)

    1. What are the major exclusions under the SBI General Long Term Home Insurance policy?

      The major exclusions under this policy are as follows –

      • Theft occurred during/after operation of peril
      • Volcanoes or other natural convulsions
      • Burning of property by Public Authority
      • Mechanical and electrical breakdown
      • Acts of gross negligence
      • Forest Fire
      • Explosion of boilers, damage caused by centrifugal forces
      • Loss/damage of unspecified currency, documents, cheques, etc.
    2. What is the tenure range of SBI General Long Term HI policy?

      SBI General offers a wide range of tenure for its Long Term Home Insurance policy. It ranges from a minimum of 3 years to 30 years.

    3. Can I apply for SBI General Long Term Home Insurance policy, online?

      You can download the form for the same from SBI General’s official website. After filling the form duly, please submit it at the nearest SBI General branch.

    4. How do I avail the Terrorism Cover?

      By paying an extra amount, you can buy the Terrorism Cover for your home.

    5. What does the Terrorism Cover do?

      The Terrorism Cover protects your house against any loss/damage caused by terrorist activities. For further details on this, please contact the nearest SBI General branch.

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    SBI Home Insurance Reviews

  • Page 1 of 1
    • review Home Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      The SBI general insurance has offered me a home loan and they have insured my home as well. This home insurance has the tenure of 15years. The policy coverage and the plan options are good with the SBI general insurance company and I am satisfied getting the home insurance policy with the SBI.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 30, 2018
    • review Home Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a Home insurance iwth State bank of India.The premium amount is 36,000 paid for 15 years.The amount s registered for an auto debit payment.The insurance is taken in 2013 i closed to as its not required for me.The website is easy to navigate.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 19, 2017
    • review Home Insurance
      "Good Policy to hold"
      0.5 5.0/5 "Blown Away!"
      As I'm holding a home loan with State Bank of India I took the home insurance also from State Bank of India itself as it will be easy for me to maintain the documents and also I like all of their services for the past 35 years. Even for this home insurance it was a quick process. But so far I don't have any claim experience.
      Was this review helpful? 0
      , hubli
      Reviewed on Oct 14, 2017
    • review Home Insurance
      "Good to hold"
      0.5 4.0/5 "Great!"
      SBI home insurance is good to hold they were many options . I am holding this home insurance for a period of one month. The primary benefits are like in case of any unforsceen events this policy will come in to the picture.I had to pay a premium of 5k also I am yet to receive the documents from them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 30, 2017
    • review Home Insurance
      0.5 2.0/5 "Expected more"
      Along with my Home loan I have taken an Home insurance. Last 2weeks back I took it from SBI general insurance. Emi amount was 2000rs per month. Its 20 years plan. I am unhappy with them in terms of service part. They did not provide clear details to me.
      Was this review helpful? 13
      , coimbatore
      Reviewed on Mar 01, 2016
    • review Home Insurance
      "SBI General Insurance"
      0.5 3.0/5 "Satisfactory"
      I availed for SBI home insurance because of the features it possess and it may be useful down the line. It can be availed as one time payment for entire tenure or partial payment can be done and subsequently it can be renewed for rest of the tenure.
      Was this review helpful? 12
      , mumbai
      Reviewed on Nov 27, 2015
    • review Home Insurance
      0.5 5.0/5 "Blown Away!"
      I got the home insurance with the State Bank of India General Insurance.Its the single shot of payment that was take from the home loan. It came while getting the loan with the bank. This insurance will be valid for 20 years.
      Was this review helpful? 20
      , hyderabad
      Reviewed on Sep 26, 2015
    • review Home Insurance
      0.5 5.0/5 "Blown Away!"
      I got the home insurance with the State Bank of India General Insurance.Its the single shot payment of 30000 Rupees and am happy with them.The services are best with them.It came as combo offer while getting the loan with the State bank of Hyderabad.This insurance will be valid for 20 years.
      Was this review helpful? 7
      , vadodara
      Reviewed on Jul 16, 2015
    • review Home Insurance
      0.5 4.0/5 "Great!"
      I am having my home insurance with SBI. It came along with with my home loan. I am not sure about the benefits of it as I felt having the insurance was a real good option, and it will be directly taken care by SBI.
      Was this review helpful? 6
      , chennai
      Reviewed on Jul 07, 2015
    • review Home Insurance
      0.5 4.0/5 "Great!"
      I am having the home insurance with SBI general insurance.Its the mandatory one while taking the home loan with SBI.I took it before an year .I am not bothering about that insurance because everything was carried by the banking persons and and its been calculated with emi.
      Was this review helpful? 5
      , bangalore
      Reviewed on May 21, 2015
    • review Home Insurance
      0.5 3.0/5 "Satisfactory"
      I am having my home insurance with SBI while taking the home loan as it is optional.There is one shot payment of Rs 65000/year.I donâ??t bother about the insurance because it can be directly taken care by my SBI bank.Having the insurance is really a good one.
      Was this review helpful? 6
      , mumbai
      Reviewed on Apr 30, 2015
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