The National Insurance Company Limited is recognized as the oldest general insurance company in India. On 5th December 1906, the company was founded in Kolkata, West Bengal, to fulfill the nationalist dream of Swaraj. The government of India fully owns the National Insurance Company Limited. Here we will tell you about one of the products offered which is Marine Insurance.
National Insurance Company Limited offers the following insurance plans under Marine Insurance:
Here is the basic coverage provided by the National Marine Insurance policy:
The International Cargo Clause (ICC) is an insurance coverage that caters exclusively to international cargo transit. There are two types of coverage provided under the ICC:
ICC A - This coverage offers protection against damages to cargo during transit, excluding damages caused by rainwater.
ICC B - This coverage offers protection against accidental damages only.
The Inland Transit Clause (ITC) is a type of insurance coverage that specifically applies to transit within India. It also has two types of coverage available:
ITC A - This coverage protects against all types of damages except for those caused by rainwater.
ITC B - This coverage only protects against accidental damages.
It's essential to note that for both ITC and ICC, the insured must have an insurable interest in the property to qualify for coverage under marine/cargo insurance.
National Marine Insurance does not provide coverage for the following:
Follow the steps below to raise the claim:
Select Commodity
Select Mode of Transport
Cover Amount Required
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