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Marine Insurance

Ensure smooth and secure cargo movement with marine insurance that protects goods in transit across land, air, and sea.

Understand the Basics

What Does Marine Insurance Cover?

Marine insurance provides financial protection for cargo, freight, and transport vessels against damage or loss during transit. It covers goods being shipped domestically or internationally via sea, air, road, or rail. Whether you’re an importer, exporter, manufacturer, or logistics company, marine insurance helps secure your shipment’s value from origin to destination.

Fast Coverage for Every Shipment

Benefits of Buying Marine Insurance Online

Instant Policy Issuance

Generate marine policies in minutes and share documents with logistics partners digitally.

Wide Transit Coverage

Choose from inland, export, import, or multimodal transportation insurance.

Easy Claims Processing

Online claim initiation and document submission simplify the settlement process.

Move Your Cargo with Confidence

Why Marine Insurance Is Essential for Goods in Transit

01

Covers Cargo Damage or Loss

Protects your goods from physical damage, theft, fire, or natural disasters during transit.

02

Complies with Buyer/Seller Contracts

Many trade contracts require valid marine insurance for seamless transactions.

03

Minimizes Business Risk

Avoid revenue loss due to delays, pilferage, or accidents while shipping goods.

04

Covers All Transport Modes

Be it sea, air, rail, or road—your goods stay protected across every leg of the journey.

05

Single Trip & Open Policy Options

Choose between per-shipment or annual multi-shipment plans based on frequency.

06

Peace of Mind for Traders & SMEs

Ideal for businesses of all sizes, from exporters to e-commerce sellers.

Coverage That Matches Every Shipment Type

Types of Marine Insurance You Can Choose From

Inland Transit Insurance

Covers goods transported within India by road or rail against fire, theft, and accidents.

Export Marine Insurance

Insures international shipments from India to global destinations via sea or air.

Import Marine Insurance

Covers goods shipped from foreign countries into India with protection during entire transit.

Open Marine Policy

Ideal for frequent shippers—covers multiple consignments under one long-term policy.

Specific Voyage Policy

Coverage for a single shipment with a fixed origin and destination.

Customs Bonded Warehouse Cover

Extends protection to goods stored temporarily in bonded warehouses during transit delays.

Your Trade, Our Protection

Why Itus Is the Preferred Choice for Marine Cargo Coverage

Tie-Ups with Top Marine Insurers

Get access to marine insurance plans from India’s leading IRDAI-approved insurers.

Customized Transit Solutions

Tailor coverage based on trade volume, goods value, and shipment frequency.

Quick Online Issuance & Certificates

Issue policies and download marine certificates instantly—no delay, no paperwork.

Expert Claims Assistance

Our support team helps you navigate documentation and claim recovery with speed.

Competitive Premiums for All Scales

Transparent pricing for SMEs, exporters, importers, and logistics businesses.

Regulatory Compliant & Trade-Ready

Meet all cargo insurance requirements as per INCOTERMS and buyer contracts.

Quick, Flexible & Business-Friendly

Steps to Get Your Marine Insurance Policy

1. Enter Shipment Details

Provide information like type of goods, shipment route, value, and mode of transport.

2. Compare Plans & Customize Coverage

Choose the right policy with add-ons for warehouse cover, delays, or high-value cargo.

3. Make Payment & Download Policy

Pay online and instantly receive your marine insurance certificate and policy document.

Support When It Matters Most

How to File a Marine Insurance Claim

01

Notify the Insurer Promptly

Report the loss or damage to your insurer immediately after the incident.

02

Submit Claim Documents

Share invoice, bill of lading, policy copy, survey report, and claim form.

03

Inspection & Settlement

Insurer assesses the claim based on the damage/loss and processes the payout as per policy terms.

Know Before You Ship

Frequently Asked Questions About Marine Insurance

Any business that deals with transportation of goods—including manufacturers, exporters, importers, distributors, and logistics companies—should invest in marine insurance to secure cargo during transit.

A specific policy covers a single shipment, while an open policy provides ongoing coverage for multiple shipments over a defined period—ideal for businesses with frequent deliveries.

Basic marine insurance typically doesn’t cover delays unless caused by an insured peril. However, some advanced policies offer limited coverage for business interruption or delay due to covered events.

Standard documents include the marine insurance policy, invoice, shipping bill, bill of lading, surveyor report, and claim form. Some claims may also require an FIR or joint discharge letter depending on the incident.

Yes. You can choose to insure a partial consignment or declare higher value cargo with supporting documentation. Your sum insured should reflect the total invoice value plus freight and expected profit margin.

Yes. Many Indian insurers offer international marine insurance for both export and import shipments, provided the transit begins or ends in India. These policies comply with international shipping norms and trade agreements.

While not legally mandatory, it is often contractually required in international trade agreements and highly recommended to safeguard goods and finances during transit.

Yes. Many marine insurance policies offer add-on cover for storage in customs bonded warehouses or other approved storage points during unavoidable shipment delays.

Premiums depend on factors like mode of transport, nature of goods, route risk, sum insured, and claim history. Inland shipments are cheaper, while international or high-risk routes attract higher premiums.

Once all necessary documents are submitted, claims are generally processed within 7–15 working days. Quick communication and complete paperwork help avoid unnecessary delays.

POSP