Insurance products are obligations only of the Insurance Company. They are not obligations of or guaranteed by Niwas Housing Finance Private Limited (hereinafter referred to as ‘Niwas’). All claims under the policy will be solely decided by the Insurance Company. Niwas hold no warranty and do not make any representation about the insurance. Niwas will not be responsible for claims processing, recovery of claims or clearing of claims, in any manner whatsoever. This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized any person to whom it is unlawful to distribute such a document or make such an offer or solicitation.
Tax benefits are as per the prevailing tax laws. Tax laws are subject to changes. Please consult your tax advisors / financial planner for more details. Please read the policy terms and condition for further details.
The benefits are payable only when all premiums are paid when due.
Niwas is a registered Corporate Agent of ICICI Prudential Life Insurance Company Ltd., Axis Max Life Insurance Ltd., Canara HSBC Life Insurance Company Ltd., Bajaj Allianz General Insurance Company Ltd., SBI General Insurance Company Limited, Zurich Kotak General Insurance Company (India) Ltd., Star Health and Allied Insurance Company Ltd. and Care Health Insurance Ltd. under the composite license number CA0970 issued by IRDAI.
Life Insurance Policies:
These policies are underwritten by ICICI Prudential Life Insurance Company Limited (IRDAI Registration No. 105) CIN: L66010MH2000PLC127837 with its registered office at ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025 or by Axis Max Life Insurance Ltd. (IRDAI Registration No. 104) CIN: U74899PB2000PLC045626 with its registered office at 419, Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr, Punjab - 144533 or by Canara HSBC Life Insurance Company Ltd. (IRDAI Registration No. 136) CIN: U66010DL2007PLC248825 with its registered office at 8th floor, Unit No. 808-814, Ambadeep Building, Plot No. 14, Kasturba Gandhi Marg, New Delhi - 110001.
Non-life Insurance Policies:
These Policies are underwritten by Bajaj Allianz General Insurance Company Limited (IRDAI Registration No. 113) CIN: U66010PN2000PLC015329 with its registered office at Bajaj Allianz House, Airport Road, Yerawada, Pune-411006 or by SBI General Insurance Company Limited (IRDAI Registration No. 144) CIN: U66000MH2009PLC190546 with its registered office at 'Natraj', 301, Junction of Western Express Highway & Andheri - Kurla Road, Andheri (East), Mumbai - 400 069 or by Zurich Kotak General Insurance Company (India) Ltd. (IRDAI Registration No. 152) CIN: U66000MH2014PLC260291 with its registered office at Unit No. 401, 4th Floor, Silver Metropolis, Jai Coach Compound, Off Western Express Highway, Goregaon (East), Mumbai - 400063.
Health Insurance Policies:
These policies are underwritten by Care Health Insurance Ltd. (IRDAI Registration No. 148) CIN: U66000DL2007PLC161503 with its registered office at 03rd Floor, Vipul Tech Square, Sector 43, Golf Couse Road, Gurugram, Haryana -122009 or by Star Health and Allied Insurance Company Ltd. (IRDAI Registration No. 129) CIN: L66010TN2005PLC056649 with its registered office at No. 1, New Tank Street, Valluvarkottam High Road, Nungambakkam, Chennai 600034.
For more details on risk factors, terms and conditions please read the applicable sales brochure carefully before concluding the sale.
For any queries and escalation with respect to insurance policies, you can contact on connect@niwashfc.com.
Prohibition of rebates
SECTION 41 OF THE INSURANCE ACT 1938
No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an Insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectus or tables of the Insurer.
Any person making default in complying with the provisions of this section shall be liable for penalty which may extend to ten lakh rupees.