Cover for goods on the move.
Compare marine cargo, transit and hull insurance from our partner insurers. An advisor helps you set up cover for each shipment or for the whole year.
- IRDAI Licence No. 1135Direct Broker (Life & General)
- [X]+ partner insurersCompare plans side by side
- Claim help from a real personWe follow up with the insurer and surveyor
- Talk to an advisorCall +91 84700 67555
What is marine insurance?
Marine insurance covers goods and vessels against loss or damage in transit, whether by sea, air, rail or road. Despite the name, it also covers transport within India.
Cover can be bought for a single shipment, or as an open or annual policy for regular shipments.
Find the right planTypes of marine insurance
Pick one to get quotesWhat's covered, and what isn't
Cover varies by plan. Always check the policy wording before you buy.
Usually covered
Up to your sum insured, subject to policy terms- Transit accidentsCollision, overturning, derailment
- Fire & explosionDuring the journey
- Sinking or strandingFor sea shipments
- Theft & non-deliveryWhere included
- Loading & unloadingDamage while handling
- General averageYour share of sacrifice costs
Usually not covered
Common exclusions across most plans- Poor packingUnsuitable or insufficient packing
- DelayLoss caused by delay alone
- Inherent viceNatural deterioration of goods
- Wilful misconductDeliberate acts of the insured
- War & strikesUnless added to the policy
- Ordinary leakageNormal loss in weight or volume
Get covered in four steps
- 1Tell us what to coverTell us the goods, route, mode of transport and value.
- 2Get quotesAn advisor collects the underwriting details and asks our partner insurers to quote.
- 3Share details & KYCAdd the details the insurer needs and complete KYC with your PAN.
- 4Get your policyYour advisor helps you finish, and the policy reaches your email.
How to make a claim
We help with every claim, from the first call to settlement.
Cargo claim
A surveyor assesses the loss before settlement- 1Note any damage on the delivery receipt and inform the insurer
- 2Keep the goods and packing for the survey, and notify the carrier
- 3Submit invoices, transport documents, the survey report and your claim bill
- 4The insurer settles the assessed loss as per the policy
Check who carries the risk
Whether the buyer or the seller insures the goods depends on the sale terms, such as FOB or CIF. Check who carries the risk before you ship.
An advisor can help you choose the right cover for your contract.
Our general insurance partners
See all partners- ICICI Lombard
Products and availability vary by insurer.
Marine insurance FAQs
Do I need marine insurance for road transport within India?
Inland transit cover protects goods moved by road, rail or air within India. It isn't compulsory, but without it you carry the risk of loss in transit.
What is an open policy?
An open or annual policy covers your shipments during the year up to agreed limits, so you don't need to buy cover for each one.
What is hull insurance?
Hull insurance covers ships and boats, and their machinery, against physical loss or damage. It can include a share of collision liability.
What is general average?
When cargo or equipment is sacrificed to save a ship, everyone with an interest in the voyage shares the cost. Cargo policies usually cover your share.
What documents are needed for a claim?
Usually the invoice, packing list, bill of lading or lorry receipt, the survey report and your correspondence with the carrier.
Related insurance
- Export credit insurance
- Property insurance
- Liability insurance
- Financial lines insurance
- Business insurance
- Engineering insurance