Due to the new regulations by the finance companies making home insurance mandatory for seeking home loans in India, the home insurance sector has recently seen massive revival in business. Industry analyst say that, if the home loans and insurance sector continue to facilitate each others growth, then the insurance segment is soon set to achieve a 100% growth. The latest growth curve shows the home insurance premium touching the Rs 150 crore-mark, registering a growth of 25% in the last financial year; and if the situation prevails, the trend is predicted to continue.

As the growth curve of investments in Indian real estate sector escalates, more and more insurance companies are making their foray into the home insurance sector. This has also initiated a trend of insurance companies from across the globe making their foray into Indian market either as individual entity or in joint ventures with the local existing insurance companies.

Life Insurance India has of late become conspicuous of the buzz it has created in the realty industry in India. Adding to the list of leading and existing public sector companies in the home insurance business like New India Assurance, Life Insurance Company of India, India Insurance, Insurance and National Insurance Company; is a list of private insurance companies which are set to play a pivotal role in the growth of the sector.

Insurance is different from Life Insurance India
You must know the difference between the two before going for Home Insurance. Home loan insurance cover is a plan that protects your home loan in case of any unforeseen event happens to the borrower. The Home loan insurance cover is for all those people who are burdened with such worries of paying the EMI of their home loans in their absence. In case of any unforeseen event the dependent family members will be supported by the home loan insurance cover, whereas the Home Insurance covers the house & its contents against various hazards.