Marine
Marine Insurance offers extensive coverage for cargo, vessels, and transport liabilities, ensuring protection against maritime perils and losses.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
Secure Your Marine Assets
Reliable Coverage from ₹350/month
Definition
Marine Insurance provides critical financial protection for businesses involved in maritime activities. It covers a range of risks including damage or loss of ships, cargo, terminals and any transport by which goods are transferred, acquired, or held between the points of origin and final destination.
How does it work?
Marine Insurance offers coverage against a range of maritime risks. Policyholders pay premiums and, in return, receive financial protection for losses or damages incurred during marine operations. Policies are tailored to the specific needs of maritime businesses, covering various aspects from cargo damage to liability risks.
What’s Covered
Loss orDamage to Cargo coverage for physical loss or damage to goods while in transit.
Piracy andHijacking financial protection against losses resulting from piracy and hijacking incidents.
Natural Disasterscoverage for losses due to natural calamities like storms, cyclones and tsunamis.
Fire andExplosions protection against damages caused by fire and explosions onboard.Collision andSinking covers damages due to the vessel's collision or sinking.
Theft andNon-Delivery compensates for losses due to theft or non-delivery of cargo.
What’s Not Covered
Willful Misconduct losses arising from intentional misconduct or negligence are not covered.
Improper Packaging damages due to inadequate or inappropriate packaging of cargo.
Ordinary Leakage and Wear regular wear and tear or leakage that's considered normal in maritime transport.Insolvency of Carriers financial losses due to the bankruptcy or insolvency of shipping carriers.War Exclusion excludes coverage for losses arising from war or war-like situations, unless specifically covered under war risks insurance.Delay losses due to delays in transportation, unless covered under specific endorsements.
POLICYERA BENEFITS
24/7 Claims SupportGet Best RecommendationCompare Plans From Major InsurersGet Covered Hassle FreePOLICYERA BENEFITS
24/7 Claims SupportGet Best RecommendationCompare Plans From Major InsurersGet Covered Hassle Free