MARINE INSURANCE
Marine Cargo Insurance
The policy covers all types of Cargo in respect of customers Imports, Exports and Inland Transits through, Rail, Road, and Sea. Air, Government and Private Postal Services etc.
The Policy covers
All Risks (except those specifically excluded in the respective clauses attached).
Limited form of cover may also be opted depending on customer’s requirements.
The Policy does not cover
Loss or damage caused by
- Willful misconduct
- Improper packing
- Ordinary leakage, wear and tear
- Delay
- Insolvency of the carriers
- War
- Strikes
- Nuclear perils
Policy can be extended to cover War and Strikes perils on payment of additional premium.
Types of policies
• Specific Policy
• Open Policy
• Open Cover
Basis of Valuation
• Cost of Cargo.
• Freight.
• Insurance.
• Incidentals as may be agreed.
• Duty (at concessional rate of premium).
Company provide,
• Worldwide Claims Survey and Settlement Assistance.
• Network of Surveyors all over the country.
• Customised and Innovative covers based on customer's needs.
• Incentive for Good Claims experience.
• Extensions for multitransit, incidental storage, FOB,
• Discounts for Voluntary Higher excess, lesser distance etc.
Marine Cargo Insurance
The policy covers all types of Cargo in respect of customers Imports, Exports and Inland Transits through, Rail, Road, and Sea. Air, Government and Private Postal Services etc.
The Policy covers
All Risks (except those specifically excluded in the respective clauses attached).
Limited form of cover may also be opted depending on customer’s requirements.
The Policy does not cover
Loss or damage caused by
- Willful misconduct
- Improper packing
- Ordinary leakage, wear and tear
- Delay
- Insolvency of the carriers
- War
- Strikes
- Nuclear perils
Policy can be extended to cover War and Strikes perils on payment of additional premium.
Types of policies
• Specific Policy
• Open Policy
• Open Cover
Basis of Valuation
• Cost of Cargo.
• Freight.
• Insurance.
• Incidentals as may be agreed.
• Duty (at concessional rate of premium).
Company provide,
• Worldwide Claims Survey and Settlement Assistance.
• Network of Surveyors all over the country.
• Customised and Innovative covers based on customer's needs.
• Incentive for Good Claims experience.
• Extensions for multitransit, incidental storage, FOB,
• Discounts for Voluntary Higher excess, lesser distance etc.