Marine Specific Policy / Single Transit Policy
Compare & Save upto 42% on Marine Insurance
  • Instant policy copy
  • All commodities available
  • Single transit & Annual open covers

Get Updates on WhatsApp
Top Insurers

Get ₹10 lakh cover
starting at ₹591/transit+

Instant policy copy
All commodities available
Single transit & Annual open covers
Mobile number is required
secure-icon We don't spam
Get Updates on WhatsApp
Check Your Premium Now
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

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

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 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
Written By: PolicyBazaar - Updated: 12 April 2024

Marine Insurance Premium Calculator

Select Commodity

  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods
  • New machinery machine tools & spares in closed ISO containers
  • Solar panel
  • Machinery machine tools & spares duly packed/lashed
  • Electronic & white goods

Select Mode of Transport

  • Road
  • Air
  • Sea
  • Courier
  • Rail

Cover Amount Required

Enter value between 10 thousand to 10 crore

Calculate

Premium starts from

Great! Now Unlock Best Plans for You

No online plans found!

But, we have offline plans ready.
Connect with our advisor to explore more

Schedule a callback
Re-calculate

Now help your friend get Business Insurance

Your referral is greatly appreciated!

Our team will reach out to your friend soon to help with their business insurance requirements.

Marine Insurance Articles
Transit of goods through waterways involves high risks. Marine insurance plays a significant role in safeguarding...Read more
23 Nov 2022 by Policybazaar 6804 Views
When moving to a new home, safeguarding your household articles during transit is crucial. Transit insurance...Read more
27 Oct 2020 by Policybazaar 8989 Views
Warranties in marine insurance are referred to as assurances or promises by the policyholder about a certain act...Read more
20 Jul 2023 by Policybazaar 2890 Views
Marine insurance coverage is divided into two types. One is International Cargo Clause (ICC) and the second is the...Read more
13 Aug 2022 by Policybazaar 6619 Views
Marine insurance and its advantages cannot be ignored if you are in a shipping business or your business needs...Read more
19 Aug 2022 by Policybazaar 4990 Views
The accumulation clause in marine insurance is a crucial...Read more
05 Apr 2024 by Policybazaar 34 Views
Transporting goods across the vast expanse of oceans comes with...Read more
05 Apr 2024 by Policybazaar 53 Views
Shipping insurance for high-value items is crucial to mitigate...Read more
03 Apr 2024 by Policybazaar 35 Views
Intermediate storage in marine insurance plays a crucial role in...Read more
03 Apr 2024 by Policybazaar 34 Views
The world of marine transportation caters to a vast array of...Read more
03 Apr 2024 by Policybazaar 37 Views
Policybazaar for Business - Marine Insurance - Customer 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