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About Building Insurance

About Building Insurance

Building shall mean Flat or Apartment used for Resedential purpose owned by the Insured located in a multi storied Building and also Independent building used for residential purposes which is not of Kutcha Construction. The Building shall include the superstructure including doors , windows, electrical and plumbing works.It does not include any fixtures and fittings and other interiors.

Plans & Premium

This building insurance comes to you at customized plan options to suit your unique requirements. You can choose from the below plans, which best matches your sum insured requirement.


Sum Insured upto

Rs. 15 Lakhs


Sum Insured between

Rs. 15 to 25 Lakhs


Sum Insured between

Rs. 25 to 50 Lakhs


Sum Insured above

Rs. 50 Lakhs


Sum Insured above

Rs. 1 Crore

Key Benifits

Key Benefits

Sum Insured

Higher SI

No documentation required for a SI of up to Rs 5 crore.

Lower Rates

Lower Rates

Seperate lower rate for emerging affordable housing segment under Bronze Plan. ( 0.40 per mille rate for a SI up to Rs 15 lakhs)

Discounts For Long Term Policies

Discounts for long term policies

Option to opt for Escalation Benefit (10% of increase in Sum Insured each year) OR Tenure Discount (10% to 50%) for long term policies.



Tenure from 1 to 20 years



Terrorism available as a add on cover if the tenure opted is for 1 year


Other Covers

Cover for loss due to burglary

Building Coverages

Building Coverages

Fire, Lightning, Explosion/Implosion
Aircraft Damage
Riot, Strike and Malicious Damage
Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood, and Inundation
Impact damage by any Rail / Road Vehicle (other than vehicles belonging to the Insured person/ employees of the Insured person/any occupier of the Insured Premises) or Animal.

Earthquake (Fire and Shock), Subsidence and Landslide including Rock slide
Bursting and/or overflowing of Water Tanks, Apparatus and Pipes
Bush Fire excluding loss, destruction or damage caused by Forest Fire.
Leakage from Automatic Sprinkler Installations
Missile testing operations
Terrorism (Optional)
Building Claims

Building - Claim Procedure


In the event of an incident that may give rise to a claim under this Policy, You must notify the Company immediately over phone or email us at customer.services@royalsundaram.in or provide written intimation and shall within 14 days thereafter furnish to the Company detailed particulars of the amount of the loss or damage together with such explanation and evidence to substantiate the claim as the Company may reasonably require.

Lodge a complaint with the Police forthwith in the event of theft and Burglary and take all practicable steps to apprehend the guilty person or persons and to recover the property lost.

Home Building FAQ


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Home Building Terms and condition

Policy Terms and Conditions

We request you to carefully read and understand the Terms and Conditions, before you buy the Policy. All claims are processed strictly according to it. Please speak or chat with our Customer Support Team, if you need any clarifications.
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