May 17, 2024 17:52 (IST)
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Muthoot Finance launches 'Home Protector' Scheme
Kochi, Apr 7 (IBNS): Muthoot Finance has joined hands with Liberty Videocon General Insurance to provide a comprehensive home insurance policy 'Muthoot Home Protector' for its customers, with premium starting at Rs. 500.
In the recent years, India has experienced some of the most disastrous natural disasters like the flash floods in Uttarakhand, the cyclone Phailin in Orissa coast, or the Chennai floods last year.
According to experts these catastrophes will occur more often in future due to climatic changes with the biggest calamities expected in Asia, mostly India. Keeping this in mind, Muthoot Finance has launched this policy which is especially aimed at the lower income group.
George Alexander, Managing Director Muthoot Group said, “The repercussions of natural calamities are always huge. While one protects family with life insurance and health insurance, people tend to neglect the need for home insurance.”
Muthoot further added, “It is comprehensive policy with affordable premium for the common man. Any damage to the house because of a natural calamity or burglary can cause financial as well as emotional setback which can be easily protected by opting the right property insurance.”
The ‘Muthoot Home Protector’ policy protects home and household goods against multiple risks including floods, earthquake, riots and burglary. Apart from the building structure, contents in home including furniture, electrical appliances, jewellery and even utensils and crockery are also covered in the policy.
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