JANATA SURAKSHA BIMA YOJNA FAQs

what are the points to be kept in mind while buying the policy?

  • The insurance cover offered under Section 1(B) & (C) i.e. Fire and Burglary is provided only on a First Loss Basis, with the insured amount representing 50% limit of the total value at risk. Underinsurance would be applicable in case the value at risk exceeds twice the sum insured.
  • Claim settlement for Sections 1 will be strictly on Market Value basis of the goods or items.
  • Under the Personal Accident Section, only the persons between the age of 18 to 70 years can claim for insurance coverage.
  • Changes pertaining to addition and/or deletion of members in the policy are not permissible during the course of a year. However, marriage during the prevalence of the policy is the only exception.
  • The insurance policy can be sold on an individual or group basis.
  • One household cannot hold multiple Janata Suraksha Bima Policies.
  • Claim settlement shall only be fulfilled on Market Value of the Insured Property at the time of damage.

What are the documents required to file a claim?

Documents/information required for a claim settlement is as follows: -

Fire Claim

  • Properly filled and signed claim form.
  • A List of damaged contents or items.
  • Newspaper cuttings/Fire Brigade report/Panchnama.
  • Photographs of the damaged site and/or goods.
  • An estimation of the insurance claim.
  • The insurance policy copy.Any other additional or relevant information that the insured may like to submit.

Burglary Claim

  • Properly filled and signed the claim form.
  • FIR of the burglary.
  • Burglary proof in the form of photographs.
  • The insurance policy copy.
  • Any other additional or relevant information that the insured may like to submit.

Personal Accident claim

  • Properly filled and signed the claim form.
  • The insurance policy copy.
  • FIR of the accident & in case of a death claim, a Post-mortem report.
  • In case of a disability claim, a doctor’s certificate.
  • Certificate of Death

How to cancel the policy?

We may cancel this Policy by sending 15 days’ notice in writing by Regd. A.D. to You at Your last known address. You will then be entitled to a pro rata refund of premium for the unexpired period of this Policy from the date of cancellation, which We are liable to repay on demand. You may cancel this Policy by sending a written Notice to Us. We will then arrange a refund after retaining the premium based on the following Short Period scale.

How to cancel the policy?

We may cancel this Policy by sending 15 days’ notice in writing by Regd. A.D. to You at Your last known address. You will then be entitled to a pro rata refund of premium for the unexpired period of this Policy from the date of cancellation, which We are liable to repay on demand. You may cancel this Policy by sending a written Notice to Us. We will then arrange a refund after retaining the premium based on the following Short Period scale.