If valuables vanish from your locker, can insurance cover the loss?
Last Update Date: 05-10-2026
Published by India Today
Abhishek Kumar's role: Quoted
Abhishek Kumar said customers without insurance face a significant coverage gap, as a bank's payout is capped at a multiple of the rent. He advised checking valuation requirements and exclusions, and keeping a digital inventory with photos and invoices.
More of Abhishek's views on insurance
Part of a series on bank lockers, the article explains that items kept in a locker are usually not insured by the bank. It sets out RBI rules capping a bank's liability at 100 times the annual rent, how jewellery insurance works, typical costs and exclusions, and what customers can do if valuables go missing.
Publisher source
If valuables vanish from your locker, can insurance cover the loss?