Protect your cargo in transit with ICICI Marine Export-Import Insurance. Stay financially secure against losses from fire, theft, hijacking, or natural disasters while ensuring smooth business operations.
*Terms and conditions apply.
Marine Export-Import (Open) Insurance is a policy that provides coverage for your cargo in transit throughout the year. Also called a floating policy, it allows you to insure multiple consignments under a single policy, eliminating the need to purchase individual coverage for every shipment. This saves you from repeated paperwork, premium payments, research, and policy comparisons each time your goods are transported.
The policy financially protects your business against losses caused by perils such as fire, explosion, theft, volcanic eruptions, and lightning. It is ideal for companies involved in the movement of goods, including import-export businesses, shipping agencies, and merchants. With this insurance, you are safeguarded against unforeseen events that may occur during cargo transit.
Marine Export-Import Insurance covers all dispatches until the sum insured is exhausted, the policy period ends, or the policy is cancelled—whichever occurs first. It provides peace of mind by ensuring your business is financially protected, even when accidents happen despite all precautions.
A Marine Export-Import (Open) Policy protects your goods throughout transit by road, sea, air, or rail. It covers financial losses due to risks such as fire, explosion, theft, hijacking, piracy, rough weather, and vehicle collisions, ensuring your shipments remain secure.
The policy allows you to manage multiple shipments under a single coverage, reducing administrative work and avoiding repeated premium payments. It helps mitigate the financial impact of cargo damage, protects the supply chain, and preserves your business relationships, allowing operations to continue smoothly.
Marine export-import insurance ensures you meet legal and industry regulations, particularly in shipping and logistics. It not only helps avoid penalties but also builds client confidence, showing that their cargo is safe and any potential losses are financially covered.
A Marine Export-Import (Open) Insurance policy provides financial protection against losses caused by:
There are two plans available:
The Basic Plan is more affordable but includes only essential coverage. Premium rates vary depending on the selected plan’s terms. It is recommended to review the policy coverage carefully before purchasing marine insurance and choose the plan that provides the most comprehensive protection.
Generally, an open marine policy offers coverage against multiple transit-related risks.