Marine Insurance

Secure Your Cargo. Protect Your Voyage. Ensure Business Continuity.

In today’s global trade environment, transporting goods across seas, air, and land comes with inherent risks. From natural disasters and piracy to accidents and theft, even a single incident can cause massive financial setbacks. Marine Insurance provides comprehensive protection against such uncertainties-safeguarding your ships, cargo, and trade operations from origin to final destination.

Key Features of Marine Insurance

• Comprehensive Risk Coverage

Protects against perils such as sinking, fire, collision, piracy, theft, and natural disasters.

• Types of Marine Insurance

1 : Hull Insurance : Covers physical damage to the ship or vessel.

2 : Cargo Insurance : Protects goods in transit by sea, air, or land.

3 : Freight Insurance : Secures the ship owner’s interest in freight charges.

4 : Liability Insurance (P&I) : Covers third-party liabilities such as injury, damage to other ships, or loss of cargo.

• Multimodal Transport Coverage

Extends beyond sea transport to include rail, road, and air (Marine-cum-Inland Transit Insurance).

• Support for International Trade

Essential for exporters and importers to reduce risks and ensure smooth cross-border transactions.

• Flexible Policy Options

Choose from voyage-based, time-based, or open policies tailored for regular shippers and exporters.

---

Benefits of Marine Insurance

• Minimizes Financial Losses : Covers unexpected disruptions during shipping.
• Strengthens Business Credibility : Builds trust with international clients and partners.
• Ensures Business Continuity : Keeps trade operations running despite unforeseen events.
• Supports Trade Finance : Often mandatory for securing bank loans on export/import consignments.

In global trade, risk is inevitable-loss doesn’t have to be.

Protect your shipments and secure peace of mind with our tailored Marine Insurance solutions.

Property Insurance

Protect Your Assets. Safeguard Your Future.

Your property-whether it’s your home, office, or factory-is one of your most valuable investments. Unforeseen events like fire, theft, natural calamities, or accidents can cause significant financial setbacks. Property Insurance ensures that your assets are well-protected, offering financial security and peace of mind when you need it the most.

Types of Property Insurance

• Home Insurance

a. Covers residential buildings and household contents.

b. Protection from risks like fire, theft, natural disasters, and more.

• Commercial Property Insurance

a. Protects businesses, offices, factories, and warehouses.

b. Covers buildings, machinery, furniture, and stock-in-trade.

• Industrial All Risk (IAR) Insurance

a. Comprehensive policy designed for large industries.

b. Covers fire, burglary, machinery breakdown, and even business interruption.

• Shopkeeper’s Insurance

a. Tailored package for retail business owners.

b. Covers property, stock, money, liability, and employee-related risks.

Coverage Offered

• Fire and allied perils (earthquake, storm, flood, lightning)
• Burglary and theft
• Accidental damage to property and assets
• Machinery breakdown (for industrial policies)
• Business interruption and loss of profits
• Optional third-party liability protection

Benefits of Property Insurance

• Comprehensive Protection : Safeguards physical assets against multiple risks.

• Business Continuity : Enables quick recovery after damage or disaster.

• Financial Security : Reduces the financial burden of unexpected losses.

• Customizable Policies : Add-ons and riders available for tailored protection.

• Mandatory for Loans : Required by banks for asset-backed financing.

Common Exclusions

• Normal wear and tear
• Intentional damage
• War or nuclear risks
• Damage from illegal activities
• Consequential losses not explicitly covered

Don’t leave your valuable assets unprotected.

With our customized Property Insurance solutions, you can secure your investments, ensure business stability, and face the future with confidence.

Fire Insurance

Life is unpredictable-accidents, critical illnesses, or untimely loss can create not just emotional stress but also financial burdens. Term Insurance acts as a shield for your loved ones, ensuring they remain financially secure even in your absence.

By offering a lump sum pay-out to your family, term plans help cover important expenses like loan repayments, children’s education, healthcare, and daily household needs-so your family’s dreams continue, no matter what.

Key Features of Fire Insurance

• Coverage Against Fire Risks

Protects against damage caused by fire, lightning, and explosion (due to gas used for domestic purposes).

• Add-on Perils (Optional Riders)

Covers additional risks like riots, strikes, malicious damage, storms, cyclone, impact damage, bursting of water tanks, etc.

• Wide Applicability

Available for homes, shops, offices, factories, warehouses, and industrial properties.

• Sum Insured

Based on the reinstatement value or market value of the insured property.

• Policy Term

Generally available for one year; long-term policies are also available for residential buildings.

Benefits of Fire Insurance

• Financial Protection

Minimizes financial loss in the event of a fire accident.

• Business Continuity

Helps businesses recover faster and resume operations.

• Peace of Mind

Provides security knowing your property and assets are protected.

• Legal Compliance

Often required by banks and lenders for financed properties.

Exclusions (What Fire Insurance Doesn't Cover)

• Willful negligence or deliberate fire by the insured
• War or nuclear perils
• Electrical short circuits without resulting fire
• Theft during or after the fire
• Pollution or contamination not caused by fire