Insurance premium for home insurance is not a very costly affair. For 1 Lakh of value of assets, it cost as low as INR 50/- + Tax for a year to cover risks (other than burglary / theft as mentioned above). For Burglary risks – it may cost approx INR 100/- +Tax (it may vary from among insurers). It may also go lower than this, based on various good risk features. Home insurance premium is based on Sum Insured selected and covers opted.
