The property insurance market in India faces challenges due to low awareness and penetration, with only about 1% of properties insured. Despite increasing property values and the rising incidence of natural disasters, the market is hindered by a lack of guidance, awareness, common myths about the cost of insurance, and apprehensions about claim settlement. 

Property insurance covers your home & personal possessions against various risks. It provides financial protection in the event of something happening to your property and/or belongings. This can include the structure itself, as well as the contents inside it, like electronics, appliances, jewellery and furniture.