Premium amount for home insurance

What should be the premium if I opt for a home insurance for my home worth Rs. 50 Lakhs? Is it too expensive?

Hi,

Home insurance isn’t as expensive as most people seem to think. You can get Home Insurance for your home worth Rs. 50 lakhs quite easily with a yearly premium of around Rs. 10,000. This equates to just 0.25% of the total value of your home.

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Cheers,
Team BB