ICICI Lombard Marine Insurance

ICICI Lombard General Insurance Company Limited is a general insurance company in India. The company was founded in 2001. The insurance company offers several general insurance plans, one of which is Marine Insurance.

Read more
marine

Get right expert advice

Hassle free policy

Speedy Claims

Fast-track your search with instant quotes from top insurers

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

Step 1/2
Instant policy copy
All commodities available
Single transit and annual covers

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

Instant policy copy
All commodities available
Single transit and annual covers
secure-icon We don't spam
Get Updates on WhatsApp
Check Your Premium Now

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

Step 2/2
Fast-track your search with instant quotes from top insurers
Expert advice

Buy right

Instant policy

Quick & Hassle free

Dedicated team

Speedy Claims

ICICI Lombard Marine Insurance: Inclusions

The insurance plan provides coverage for the following:

The International Cargo Clause (ICC) is a type of insurance coverage that is specifically designed for international cargo transit. This clause provides two types of coverage, which are as follows:

  • ICC A: This coverage protects cargo from damages during transit, except for those caused by rainwater.
  • ICC B: Coverage for accidental damages only.

The Inland Transit Clause (ITC) is an insurance coverage that applies exclusively to transit within India. This clause offers two types of coverage:

  • ITC A: This coverage protects against all types of damages except those caused by rainwater.
  • ITC B: Coverage for accidental damages only.

It's important to note that to be eligible for marine/cargo insurance coverage under both ITC and ICC, the insured must have an insurable interest in the property.

ICICI Lombard Marine Insurance: Exclusions

The insurance policy does not provide coverage for the following:

  • Loss or damage caused by willful misconduct or negligence during transit
  • Damage to goods resulting from unsuitable packaging or insufficient preparation
  • Loss caused by transportation delays
  • Damage caused by radioactive nuclear waste
  • Loss or damage caused during war or war-like situations
  • Loss or damage resulting from strikes or riots
  • Loss or damage caused by weapons of war, such as bombs or derelict mines
  • Liability arising from the unfitness of the vessel, craft, or container.
Learn more about Marine Insurance

ICICI Lombard Marine Insurance: Claim Process

Here are the steps that you can follow to raise a claim under marine insurance policy:

  • Notify Insurer: Immediately inform the insurance company about the loss or damage that has occurred.
  • Collect Evidence: Take pictures or videos of the damage as proof.
  • Prepare Documents: Keep all the necessary documents, such as policy papers, receipts, and invoices, ready to submit along with the claim form.
  • Fill out Claim Form: Request the insurer for the claim form and fill it out accurately, providing all relevant details.
  • Inspection: An inspector will be sent by the insurer to assess the extent of the loss or damage, and the insured should cooperate with the inspector.
  • Compensation: Once the inspection report is submitted, the insurer will start the compensation process and transfer the amount to the insured's bank account.

ICICI Lombard Marine Insurance: FAQs

Written By: PolicyBazaar - Updated: 02 May 2023

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 6915 Views
When moving to a new home, safeguarding your household articles during transit is crucial. Transit insurance...Read more
27 Oct 2020 by Policybazaar 9095 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 2961 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 6708 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 5052 Views
The accumulation clause in marine insurance is a crucial...Read more
05 Apr 2024 by Policybazaar 63 Views
Transporting goods across the vast expanse of oceans comes with...Read more
05 Apr 2024 by Policybazaar 104 Views
Shipping insurance for high-value items is crucial to mitigate...Read more
03 Apr 2024 by Policybazaar 57 Views
Intermediate storage in marine insurance plays a crucial role in...Read more
03 Apr 2024 by Policybazaar 61 Views
The world of marine transportation caters to a vast array of...Read more
03 Apr 2024 by Policybazaar 70 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