| India has population of 115 crores (1150 millions) Assuring family size of 5 this means that we have 230 million homes. |
| According to out estimate 2% of the homes are insured in India, which means that 46 million homes are insured. |
| If we take average premium at Rs. 2000/- per home then figure should be Rs. 920 crores. The truth is we are no where near it. We feel that figure of 2% is not the correct figure and the homes insured in India are 0.5% which means half of 1%. |
| a)- |
To protect your interest as an individual/ family |
| b)- |
To protect yourself/ in case you have taken housing loan |
| c)- |
To protect yourself from third party liability |
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