Householder's Package Policy

  •    About Policy 
  •    Coverage 
  •    Benefits 
  •  Major Exclusions 

About Policy

Magma HDI's "Householder's Package policy" is devised to cater to the overall requirement
of you as a House owner. Under this policy, we have combined a number of contingencies,
which are normally covered as separate policies.

Here's what you need to get started



Coverage in the form of various optional sections

1. Fire & Allied perils - Building & Contents

  • This section covers structure of a Building.
  • Contents excluding money and valuables can also be covered under this section.
  • Covers your property against loss or damage due to below perils:
    1. Fire
    2. Lightning
    3. Explosion / Implosion
    4. Aircraft Damage
    5. Riot, Strike, Malicious and Terrorism Damage
    6. Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
    7. Impact Damage
    8. Subsidence and Landslide including rock slide
    9. Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
    10. Missile Testing Operations
    11. Leakage from Automatic Sprinkler Installations
    12. Bush Fire
  • Additional in built covers with no extra premium:

a)Expenses incurred on Removal of Debris up to 1% of claim amount.
b)Expenses incurred on Architect, surveyors and consulting fees up to 3% of claim amount.

  • Sum insured for Assets (other than stock) can be covered on Reinstatement value basis. Stocks are covered on Market value basis.

2. Burglary & Housebreaking

  • This section covers loss or damage by actual or attempted burglary and/or robbery during the policy period in respect of all contents covered under Standard Fire & Special Perils section.

3. All Risk (Jewellery & valuables)

  • This section covers loss damage to your jewellery and other valuable items including precious stones etc. whilst kept or lying in your house or whilst worn during the travelling and/or in any social function occasioned by fire, theft, robbery or any other fortuitous event.

4. Plate Glass

  • This section covers accidental loss or damage to Plate Glass/ Neon Sign/ Glow Sign

5. Electronic Equipment

This Section covers:

  • Loss of or damage to your personal computers, Television, Audio/ video

6. Breakdown of Domestic Appliances

  • This section covers the Domestic Appliances/ machines such as Air conditioners, Refrigerators against the risk of unforeseen and sudden mechanical and/or electrical breakdown.

7. Employee's Compensation

  • This section protects you against any legal liability which your domestic helps or his/her legal heir may bring against you due to injury and / death suffered by them during and out of employment suffered in the premises covered under the policy.

8. Public Liability

  •  This section covers you against legal liability including the defence cost incurred by you in  respect of accidental bodily injury to third parties and/or accidental loss and/or damage to  property belonging to third parties.

 ***For more details, please refer to Policy wordings***




  • Sectional discount is applicable depending on number of sections selected.
  • Option to choose between 2 - 8 sections.
  • Easy claim settlement process.
  • Minimum documentation.

Major Exclusions


  • Misrepresentation, mis-description, or non-disclosure of any material information.
  • Damage which is pre-existing in nature.
  • Manufacturing defects in electrical, mechanical, and electronic items.
  • Any home which is of kutcha construction.

The above exclusions are indicative in nature, for detail exclusions please refer to the policy wordings.

  • Helpline 1800 266 3202


    Customer Support: 1800 266 3202

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