SBI General Insurance, one of India’s leading general insurance providers, has launched a new product, SBI General Flexi Home Insurance, aimed at meeting the evolving protection needs of homeowners and renters across India.
The new product launch responds to the increasing demand for flexible, long-term home insurance policies that accommodate the unique requirements of both homeowners and tenants, according to FF News.
Rising property values, climate risks, and asset protection needs have increased demand for flexible, affordable home insurance in India.
SBI General Insurance—a venture of SBI and partners—offers diverse insurance products and serves millions across India. Its new Flexi Home Insurance provides customisable protection for homes, starting with a mandatory standalone fire cover and optional add-ons.
The policy covers property structure, contents, and risks like fire, natural disasters, and burglary. A key feature is long-term coverage of up to 20 years via one-time premium payment. Add-ons include valuable item cover, alternative accommodation expenses, and discounts for bundled options.
This modular, customer-centric plan reflects SBI General’s focus on innovation and adaptability in India’s evolving residential sector.
SBI General Insurance chief product & marketing officer Subramanyam Brahmajosyula said, “At SBI General Insurance, we understand that every home is unique, and so are its protection needs. Whether it’s a homeowner safeguarding a lifelong investment or a tenant securing valuable possessions, each individual has distinct insurance needs. With SBI General Flexi Home Insurance, we offer a tailor-made solution that provides peace of mind through flexible and extensive coverage. This product is designed to empower customers with the freedom to choose their protection levels while ensuring financial security against unforeseen circumstances.”
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