Eligibility to buy Home Insurance

Individuals meeting the following criteria are eligible to purchase a home insurance policy:

1. The individual must be a resident of India.
2. The policy is available for purchase by both individuals and companies.
3. A multi-year house insurance policy can be acquired by either the owner of the house or flat.
4. The person buying property insurance must either own the property or reside in it.
5. If residing in a society, the individual must be a member of the society managing committee.
6. For purchasing house insurance for the society, a member of the society managing committee can make the purchase, covering both the society and utilities in common use.