If You Want To Know More Information About This Product Please  Click Here...

Marine Insurance

Marine Insurance — a type of insurance designed to provide coverage for the transportation of goods either on the ocean or by land as well as damage to the waterborne instrument of conveyance and to the liability for third parties arising out of the process. The two branches of marine insurance are ocean marine (primarily water-based exposures) and inland marine (primarily land-based exposures).


Having this policy is essential for businesses and individuals alike. Business shipments are usually high in value and any damage can directly impact business.

When it comes to an individual, relocation is regarded as one of the most stressful life events, be it for job change or marriage.

Whatever your reason may be for transporting your goods, our policy protects your goods against material damages.


A Marine Insurance Policy reduces your exposure to risk in the event of loss or damage to your goods or assets while in transit.

As a fleet owner, you may have equipped your vessels with Automatic Identification System (AIS) transponders, GPS navigation receivers, echo sounders and weather radars; however as shipping lanes get busier due to increasing trade volumes, the scope for accidents has more than quadrupled in recent times, according to industry estimates....

In case of a marine disaster such as an oil spill, you may face litigation and penalties, the costs of which can be prohibitive. While legal expenses may be considered a part of the costs of doing business, they can have a telling effect on your company’s bottom line. Marine Insurance can help you manage risks and improve the resiliency of your business.

With a comprehensive Marine Insurance plan, your fleet of commercial vessels can operate without any apprehension. This will enable you to control risks arising from damage or loss to valuable cargo worth crores of rupees. For example, if your vessel runs aground or suffers a collision, the costs of towing, repair and overhaul can be very high. A Marine Insurance Policy can help you take care of such risks.

In addition, as merchant vessels are maintenance intensive, the lack of spares or consumables can result in extended unavailability, affecting utilization which can have a cascading effect on profitability.

A potential hijacking on the high seas by pirates is also a contingency that you need to factor in. A standoff involving hijacked merchant vessels may take months to resolve and in potentially result in loss or damage if hostilities break out. With Marine Insurance, you can build a level of redundancy to handle such emergencies.

Investing in Marine Insurance is considered essential to reduce potential risks and ensure the continuity of the company’s value chain.



Marine insurance is helpful for a variety of reasons. It provides all-round coverage against a wide variety of risks faced while at sea. Most marine insurance providers offer claim survey assistance worldwide, along with claim settlement assistanc
 Theft or hijack of vessel.
 Mistakes in transportation (inappropriate      handling).
 Accident while in convey (sinking or overturning).
 Theft of onboard cargo.
 Variations in temperature causing complications.
 Pollution risks.
 Cargo liabilities.
 Labour and legal costs.
 Compensation for illness, injury or death of      persons onboard the vessel.