Goods can get damaged or lost while in transit. This can happen by sea, air, or road. Marine insurance India covers this risk. It protects your cargo insurance investments and, in some cases, the vessel carrying it.
Our IRDAI licensed advisors at Excel India IMF work with importers, exporters, and traders across India. We help you choose the right goods in transit insurance for your goods and route.
Compare transit insurance options for your cargo, shipments, or vessel
Marine insurance is a policy that covers loss or damage to goods while they travel. It can also cover the ship or vessel carrying the goods. Whether you require an international marine cargo policy or domestic coverage, protection depends on goods type, transit mode, and route. Always check your policy terms before you ship.
Policy Note: Coverage parameters depend on the nature of cargo, transport mediums (ocean vessel, air freight, or multi-modal road transport), and shipping routes.
There are three main marine insurance types. Each one covers a different commercial requirement.
This covers the goods you are shipping. It protects against loss or damage during the journey. This can be by sea, air, or road.
This covers the ship or vessel itself. It is used by ship owners and operators. It is different from cargo insurance, which covers the goods, not the ship.
Inland transit insurance covers goods moving within India. This can be by road, rail, or air. It is useful for manufacturers and traders who move goods between cities.
Marine insurance provides focused coverage against critical perils during the voyage or transit journey.
Marine insurance can cover loss, damage, or breakage of goods during active transit across routes.
Protects against theft, pilferage, non-delivery, or total loss of packages during handling or warehousing.
It can also cover accidents that damage the cargo, such as derailment, road collisions, vessel stranding, or capsizing.
Some policies cover goods against fire or natural events during the journey. Exact coverage varies by policy and insurer. It is best to read your policy document carefully.
Operating heavy road consignments? Explore our Commercial Vehicle Insurance to cover your transport vehicles. For stationary warehouse stock, check Fire and Burglary Insurance.
Marine insurance is useful for many types of businesses. If your business depends on shipping goods, marine insurance can help protect your investment.
Importers need it to protect goods coming into India against global maritime, air, and customs transit risks.
Exporters need it to protect goods leaving India, ensuring compliance with international Incoterms (CIF/CIP contracts).
Traders need it when they move goods between cities or states via road, rail, or domestic waterways. Review our Shop Owner Insurance for on-site retail coverage.
Manufacturers moving raw materials in and finished goods out require comprehensive corporate insurance and transit policies.
Specialized marine and transit risk advisory across India
Excel India IMF is IRDAI licensed. We have deep expertise in business insurance. We help importers, exporters, and traders across India find the right marine cover. We explain your options in simple terms, so you can make a confident choice.
Answers regarding marine definitions, cargo vs hull differences, inland transport, and premiums
Get a marine insurance quote for your cargo or transit needs. Call 90 90 92 15 15 or fill out the enquiry form. Secure your marine insurance India policy today.
Coverage depends on goods type, transit mode, and route.