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Basic Details - minimum-brokerage-policy-mncl.pdf

Incorporation Date : 08/02/2002
Company Name : HDFC Ergo General
Fund Name : NULL Plan Group : Individual
Product Type : Individual Sub Product Type : Home
Home Insurance
Home Building Cover :

a. The Sum Insured for the Home Building Cover is the prevailing Cost of Construction of Your Home Building at the Commencement Date as declared by You and accepted by Us and will be the maximum amount payable in the event the Home Building is a Total Loss.ÿ

b. If the Policy Period is more than one year, We will automatically increase Your Sum Insured duringthe Policy Period by 10% per annum on each anniversary of Your Policy without additionalÿpremium for a maximum of 100% of the Sum Insured at the Policy Commencement Date.ÿ

c. The Sum Insured will be automatically increased each day by an amount representing 1/365th of 10% of Sum Insured at the Policy Commencement Date for annual policies.ÿ

d. Restoration of Sum Insured: Except as stated in Section 1, F (III) (3) (b) of this Section, the insurance cover will at all times be maintained during the Policy Period to the full extent of the respective Sum Insured. This means that after We have paid for any loss, the policy shall be restored to the full original amount of Sum Insured. You must pay to Us proportionate premium for the unexpired Policy Period from the date of loss. We can also deduct this premium from the net claim that We must pay You.

Home Contents Cover:

a. The Sum Insured for the Home Contents Cover is shown in the Policy Schedule and will be the maximum amount payable in the event the Home Contents are destroyed /lost completely.ÿ

b. The policy has a built-in cover for the General Contents of Your home equal to 20% of the Sum Insured for Home Building Cover subject to a maximum of ? 10 Lakh (Rupees Ten Lakh) provided You have opted for both Home Building and Home Contents cover. If You choose to have a higher Sum Insured for Home Contents, You have to declare the Sum Insured in the Proposal Form and pay additional premium.ÿ

c. If You have purchased only Home Contents Cover, You have to declare the Sum Insured for the General Contents in the Proposal Form.ÿ

d. The Sum Insured You have chosen for General Contents must be enough to cover the cost of replacement of the General Contents.ÿ

e. If You want to cover the Valuable Contents in Your Home, You must opt for the Optional Cover for Valuable Contents as given in D (1) (a) of this Section.ÿ

f. Restoration of Sum Insured: Except as stated in Section 1, F (III) (3) (b) of this section below, the insurance cover will at all times be maintained during the Policy Period to the full extent ofthe respective Sum Insured. This means that after We have paid for any loss, the policy shall be restored to the full original amount of Sum Insured. You must pay to Us proportionateÿÿpremium for the unexpired Policy Period from the date of loss. We can also deduct this premium from the net claim that We must pay You.