Marine Insurance

The smart way to protect your business from cargo loss

Marine Insurance Policy From IFFCO-Tokio

Transit of cargo within the country is covered under inland policies.

Cargo going out of India is covered under overseas policies.

Cargo coming to India from abroad is covered under overseas policies.

The option of coverage under a specific policy.

Option available to obtain coverage of all dispatches under an open policy.

We have a policy covering Hull and Machinery of inland/coastal vessels.

Comprehensive coverage for shipments.

Full protection to cargo throughout the voyage.

Choose Marine Insurance Policies

Marine Cargo Insurance

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Sagar Bandhu Bima Insurance

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FAQs

Why you should buy Marine Insurance?

Our Marine Insurance policies offer indemnity & financial protection for loss of or damage to your cargo during transit by different modes of transport, including sea, air, rail and land. We not only offer the comprehensive coverage but also offer efficient claim handling services.

What type of policies do you offer?

Marine Cargo Insurance.
Sagar Bandhu Bima Insurance.

What documents are needed for claiming Marine Transit Loss?

The documents mentioned are indicative and based on the circumstances of the claim, insurer may request for additional documents:-

Original Invoice & packing List - if forming part of Invoice.
In case any damage is suspected in transit, open delivery should be insisted upon the carrier and their certificate should be obtained.
Original Lorry receipt (LR)/ Bill of Lading (BL)- Qualified with remarks for the Quantity damaged or lost in the transit.
In case of Declaration Policy - The consignment should be declared and the within the limit of balance Sum insured.
In case of loss/damage in transit, a monetary claim should be lodged with the carrier within the time limit to protect recovery rights.
Damage / Shortage Certificate from the carrier.
A surveyor (mutually agreed by the Insurer) must be appointed to determine the nature, cause and extent of loss/damage.

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Marine Insurance