Marine Insurance

Go seafaring without fear

Marine insurance covers loss or damage of ships, cargo, terminals or any other kind of transport along with the material/commodity that is transported, received or held between origin point and destination.

Types of Marine Insurance

Marine Insurance - Import

It Covers transportation of material from anywhere in the world to anywhere in India.

Marine Insurance - Export

It Covers transportation of material from anywhere in India to anywhere in the world.

Marine Insurance - Inland Transit

It Covers transportation of material from anywhere in India to anywhere in India.

Benefits of Marine Insurance

Marine insurance covers loss or damages caused due to fire, explosion, sinking or stranding.
The marine insurance policy covers collision, derailment or overturning of land conveyance.
The policy provides coverage in case cargo is discharged from a port of disturbance or distress that threatens the cargo’s safety.
If the seawater damages or washes away the loaded material on the cargo or ship, the marine insurance provides cover for that as well.
The policy provides coverage for a total loss of packages lost overboard or dropped at the time of loading or unloading.
Marine insurance provides coverage for the jettison that refers to intentional throwing of on-board material/commodity as well as any part of the ship in order to save the ship.

What is covered and policies

Types of Policies

Open Policy

Open policy covers multiple transits for the whole year and comes with a fixed sum insured, per sending limit and per location limit.

Single Transit

Specific Policy covers a specific single transit.

ITC-A & ICC-A

Covers all damages including theft & pilferage except rainwater damage.

Types of Coverages

ITC-B & ICC-B

Covers for accidental damages only except theft & pilferage and rainwater damage.

*ITC stands for Inland Transit Clauses.

*ICC stands for International Cargo Clauses.

We offer different types of insurance for businesses, including coverage for property damage, legal liability and employee-related risks.

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