Insurance Products

Property Insurance

One policy for your building and everything inside it — fire, earthquake, flood, landslide, riot and terrorism.

Sanima GIC Property Insurance covers direct physical loss to your building and its contents. It suits shopkeepers, landlords, hotels, warehouses, factories — and homeowners whose property is commercial in use or valued above Rs 2 crore. For a private home up to Rs 2 crore, see the Home Insurance section below.

Choose Your Cover

Pick the level of cover you need

UP TO RS 2 CRORE
Home Insurance
Private, non-commercial living.
See details
COMMERCIAL / ABOVE 2 CRORE
Property Insurance
Above Rs 2 crore or any commercial use.

Plans

Choose Your Plan

Shops & OfficesCover for retail and office premises.

Warehouses & StockCover for stored goods and warehouse premises.

Factories & MachineryCover for industrial premises and machinery.

Landlords & TenantsCover for rented property, for either party.

Included

What you get

Every major peril in one policy — fire, lightning, explosion, storm, flood, hail, earthquake, landslide, impact, aircraft, riot, strike, terrorism, even missile testing
Extra facilities built in — architect, engineer and surveyor fees up to 3% of the claim; debris removal up to Rs 10 lakh or 10% of the claim — within your sum insured
Small claims protected — the under-insurance penalty never applies to claims up to 2% of the sum insured or Rs 10 lakh, whichever is less
No depreciation on reinstatement — choose reinstatement or valued basis and depreciation is not deducted
Claim as many times as you need — claims cannot be refused just because you claimed before

Coverage Details

What's protected, and what isn't

Fire, lightning, explosion
Storm, hail, flood, burst pipes
Earthquake
Landslide and rockfall
Impact by vehicles, trees or aircraft
Riot, strike, terrorism and sabotage
Spontaneous combustion
Missile testing

Optional

Extend your cover

Reinstatement / ValuedChoose how a claim is settled.

DeclarationMonthly stock values.

FloatingSeveral locations, one sum insured.

MicroNo excess applies.

Before You Buy

Good to know

Insure to full value — the 2%/Rs 10 lakh small-claim relief applies.
Buildings depreciate 2% a year.
Excesses known upfront — earthquake 2% or Rs 1 lakh; water 5% or Rs 5 lakh; other 1% or Rs 5 lakh; claims under Rs 10,000 not admissible.
Selling? Transfer the policy within 30 days — free — or it ceases. Vacant 60+ days or change of use? Written approval needed first.
Top up after a claim — each claim reduces your sum insured; a small proportional premium restores it.

Home Insurance

Protection for your house or flat and the things inside it — the same perils, sized for private, non-commercial living, up to Rs 2 crore.