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Insure Your Goods in Transit - ₹10 Lakh Cover at ₹591+ only!

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Single transit & Annual open covers
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Marine Insurance- Specific Policy

Single Transit Insurance also known as a specific policy in marine coverage, protects cargo during a single journey from one place to another using trucks, trains, ships, or planes.

Highlights of Marine Specific Policy

Here are some of the highlights of marine specific policy:

  • The buyer gets coverage for specific voyage under a specific policy as and when required.
  • In order to evaluate the risk, the buyer must provide details of commodity, conveyance mode, packaging, voyage details as well as the value of the commodity.
  • The premium of the marine specific voyage policy is paid before the beginning of the journey.
Learn more about Marine Insurance
Annual open Policy
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Sales turn over Policy
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Transit Insurance
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Marine Insurance
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Cargo Insurance
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Hull Insurance
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Marine Specific Policy Coverage

This marine insurance policy covers all risk according to ICC (A)/ITC (A) and Basic cover according to ICC (B)/ITC (B). Apart from this any damage caused due to accident of the carrying conveyance and fire damage during the journey. 

The rate of premium is decided according to the terms of cover. However, basic cover premium would be lower than all risk cover. Here are the following risk covered if the insured pays an additional premium amount:

  • War & SRCC (Strikes, Riots, & Civil Commotion in Import and Export)
  • SRCC (Inland Transit)
  • TNPD (Theft, Pilferage & Non-delivery) in basic cover only
  • Storage coverage for storage of goods before the delivery of cargo to the final destination

Marine Insurance Premium Calculator

  1. New machinery or equipment for industrial use
  2. Iron & steel rods, metal pipes, tubes
  3. Electronic and white goods
  4. All types of FMCG commodities
  5. All kinds of food like oils essence flavours and other various packed items
  6. Automobiles
  7. New machinery machine tools and spares in closed ISO containers
  8. Solar panel
  9. Machinery machine tools spares duly packed/lashed
  10. Stationery items
  11. Timber and wood products
  12. Edible oil in tanker
  13. Aggregators/Transporters
  14. All types of containers
  15. All types of paints duly packed
  16. Auto spare parts
  17. Ceramic products and tiles
  18. Edible vegetables or fruits and nuts or peel of citrus fruits
  19. Granite and marble
  20. Metal hand tools
  21. Metal scrap in ISO container
  22. Metals of all types excluding precious metals
  23. Non hazardous chemicals in bags
  24. Pharmaceuticals and bulk drugs
  25. Rough marble in blocks
  26. Toys, games and sports equipment
  27. Used CPM machines and equipments
  28. Used machinery machine tools and spares in closed ISO container
  29. Agri commodities (Wheat/ Grains/ Seeds/ Rice/ Spices/ Pulses)
  30. Fragile items (Glass/lens)
  31. Garments,apparel,fabrics or textiles
  32. Cables and wires
  33. Household items-new and old
  34. Leather and leather goods
  35. Metal handicrafts and brasswares
  36. Milk and ghee packaged or in tankers
  37. New CPM equipment
  38. Plastics and articles thereof
  39. Rubber and articles thereof
  40. Soap, cosmetics, toiletries
  41. Wooden Furniture/Steel/Plastic/Aluminium
  42. Dry Fruits (Almonds, Cashew, etc)
  43. Paper & packaging materials
  44. Liquid chemicals/Paints/Dyes/Intermediates
  45. Processed food/edible items
  46. Natural or raw rubber in sheets, blocks, crepe or crumb form
  47. Cotton including raw cotton
  48. Jute & Coir Products
  49. Medical/Bio-Medical equipments and other such precision equipments
  50. Carpet
  51. Spices (turmeric, pepper, cardamom, coffee, tea, etc )
  52. Fertilizer
  53. Cement in bags
  54. Batteries
  55. Cast iron products (cookware sets, bakeware, etc)

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Marine Specific Policy Does Not Cover

The exclusions under marine specific voyage policy are as follows:

  • Ordinary weight loss
  • Ordinary leakage in case of liquid cargo
  • Ordinary wear and tear
  • Wilful misconduct of the assured
  • Improper packaging
  • Insolvency of carrier
  • Inherent vice
  • Nuclear weapons
  • Deliberate damages
  • Rats and Vermin
Download Policy Wordings of TATA AIG
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Marine Insurance Companies
Bajaj Allianz Marine Insurance

Bajaj Allianz

Chola MS Marine Insurance

Chola MS

National Marine Insurance

National

Oriental Marine Insurance

Oriental

Reliance Marine Insurance

Reliance

SBI General Marine Insurance

SBI General

TATA AIG Marine Insurance

TATA AIG

Universal Sompo Marine Insurance

Universal Sompo

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Disclaimer: Above mentioned insurers are arranged in alphabetical order. Policybazaar.com does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.
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Policybazaar for Business - Marine Insurance - Customer Reviews
View all 114 reviews
View all
4.3/5
Based on 114 reviews
4.3
out of 5
Based on 114 reviews
14 users
87 users
13 users
0 users
0 users
3.8 April 20, 2023
Anas
Great Experience
I recently purchased Marine insurance from Policybazaar for my shipping business and I must say I am thoroughly impressed with their service and coverage. From start to finish, the experience has been smooth and hassle-free.Thankyou.
Mizoram
4.3 April 03, 2023
Vaishnav
Provides Comprehensive Protection
When it comes to coverage, Marine insurance that i bought from PolicyBazaar has exceeded my expectations. It provides comprehensive protection for my cargo and vessels during transit, ensuring I can focus on my business operations with peace of mind. Thankyou.
Assam
4.3 March 17, 2023
Umang
Excellent Services
I highly recommend Marine insurance from PolicyBazaar website to anyone in the shipping or logistics industry. Their user-friendly website, comprehensive coverage, and excellent customer service make them stand out from the competition. With Policybazaar, I feel confident in navigating the high seas, knowing that my business is well-protected. Thank you, Policybazaar.
Chennai
4.3 February 28, 2023
Vishal
User Friendly Interface
The website's user-friendly interface made it easy to compare different plans and find the perfect fit for my business needs.Thanks
Gurugram
4.3 February 11, 2023
Parth
Prompt Services
I appreciate the transparency and honesty with which Policybazaar handled my claims. They were prompt in processing my claim and their claim settlement process was hassle-free.Thanks PolicyBazaar.
Noida
3.8 February 10, 2023
Rishabh
Exceeds Expectations
I recently had the pleasure of purchsing marine insurance from Policy bazaar website and I must say it has been an outstnding experience from start to finish. I am thrilled to share my positive customer review, as this truly exceeded my expectations. Thanks PB.
Jamshedpur
3.8 January 31, 2023
Arvind
Easy Navigation
The ease of navigating the Policy bazaar website and finding the right marine insurance policy was impressive. The website's user-friendly interface and intuitive design made it incredibly simple to compare various options, understand the coverage details and make an informed decision. I appreciated the transparency provided throughout the process. Thanks.
Ajmer
3.8 January 21, 2023
Vishal
Excellent Support
The customer service provided by Policy bazaar was decent. Their team was responsive, knowledgeable and went above and beyond to assist me at every step. Their professionalism and commitment to customer satisfaction were truly commendable.Thankyou.
Mumbai
4.3 January 11, 2023
Sanjeev Rathor
Efficient Process
When it came to claims processing, Policy bazaar demonstrated remarkable eficiency and effectivenes. I had an unfortunate incident during the coverage period and filing a claim was a breeze. The entire process was streamlined and their team guided me throuugh every necssary step, making it hassle-free. The promptness with which my claim was setled reflected their commitment to their customers' well-being and peace of mind. Thankyou.
Pune
3.8 January 01, 2023
Kunal
Comprehensive Coverage
I must mention the comprehensive coverage provided by the marine insurance policy I purchasd through Policy bazaar. It offered me the necesary protection and peace of mind. Thankyou PolicyBazaar.
Indore
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