Royal Sundaram launch home insurance scheme

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NEW DELHI: Royal Sundaram Alliance Insurance on Tuesday launched a new package ‘Homeshield Classic’ which would provide protection against the risks of terrorism, fire, earthquake, storm, flood, cyclone, burglary and breakdown of applicances.

The Homeshield Classic scheme has three variants — Silver, Gold and Platinum with sum assured ranging between Rs 2.5 and 5.0 lakhs for a premium of Rs 1,000-2,000.

The Silver variant offers a sum insured of Rs 2.5 lakhs for a premium of Rs 1,000, while Gold scheme offers Rs 3.75 lakh sum insured at a premium of Rs 1,500 and Platinum with a sum assured of Rs 5.0 lakh for a premium of Rs 2,000.

“Buying home insurance policies has been a lengthy procedure, more often posing a barrier to purchases. We aim to provide home insurance to Indian consumer by simplifying the buying procedures and providing quality cover and services,” Royal Sundaram deputy managing director, Anthony Jacobs, said in a statement.

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