Why the Home Insurance policy has package coverage like - Bajaj Allianz - Easy Householders Package?

[Abbas]

Where we have the sum insured is fixed to 1 lacs, 2 lacs and 4 lacs for fire insurance coverage? Do under and over insurance won't comes into picture in these plans? What should we do to buy correct sum insured?

Source -

http://www.bajajallianz.com/Corp/con...age_Policy.pdf

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