Other Insurance
Explore niche insurance types: home, cyber, crop, mobile, pet.
Beyond the standard health, life, and motor policies lie several insurance products that fill critical protection gaps. Most Indians remain significantly under-insured in these categories.
Who needs it
Homeowners, especially in flood/earthquake-prone zones or with a mortgage.
What it covers
- Structure damage (earthquake, flood, fire)
- Household contents theft/damage
- Liability to third parties
- Rent loss if home uninhabitable
Watch: Under-declaration of structure value is common — insure at rebuild cost, not market value.
Who needs it
Farmers with crop loans (mandatory) and voluntary for non-loanee farmers.
What it covers
- Sowing failure due to bad weather
- Standing crop damage (hail, flood, drought)
- Post-harvest losses (cyclone, unseasonal rain)
- Localised calamities (landslide, inundation)
Watch: Enrol before cut-off dates through your bank or Common Service Centre.
Who needs it
Individuals with online banking, businesses with customer data.
What it covers
- Financial loss from phishing/online fraud
- Ransomware extortion payments
- Identity theft expenses
- Social media liability
- IT forensics cost
Watch: Read exclusions — frauds due to "gross negligence" (sharing OTP) are often excluded.
Who needs it
Owners of smartphones above ₹20,000, laptops, tablets.
What it covers
- Accidental damage (screen break, liquid damage)
- Theft
- Extended warranty on electronics
Watch: Check deductible — some plans charge 20–30% of repair cost. Compare with extended warranty.
Who needs it
Dog and cat owners, especially those with expensive breeds.
What it covers
- Veterinary treatment (illness, surgery)
- Accidental injuries
- Death/permanent disability benefit
- Third-party liability (dog bite)
Watch: Very few Indian insurers offer pet insurance. Bajaj Allianz and New India are key players.