Marine Open Policy Insurance
Year-round covers against shipment and transit risks.
Trusted by:
Policy Covers:
- Loss or damage of cargo across multiple transits
- Costs of repairing and restoring damaged goods
- Businesses with frequent domestic or international shipments
Pay ₹7,000* per yearand get ₹50 Lacs coverage
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and Privacy Policy.
Trusted by:
Policy Covers:
- Loss or damage of cargo across multiple transits
- Costs of repairing and restoring damaged goods
- Businesses with frequent domestic or international shipments
What is Marine Open Policy?
Marine Open Policy is a comprehensive insurance plan that covers multiple shipments over a specified period, typically one year. It protects against many risks during transportation, including natural disasters, accidents, theft, and piracy. This policy benefits businesses involved in regular shipping, eliminating the need for separate policies for each shipment.
Who needs Marine Open Policy Insurance cover?
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹3,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹3,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹3,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹3,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹3,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹200 Cr
Annual Turnover
₹0 Cr-₹300 Cr
Annual Turnover
₹0 Cr-₹1,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Annual Turnover
₹0 Cr-₹3,000 Cr
Annual Turnover
₹0 Cr-₹100 Cr
Why do you need Marine Open Policy Insurance?
Why do you need Marine Open Policy Insurance?
Comprehensive risk coverage
Protects against diverse risks including natural disasters and theft.
Simplifies insurance management
Eliminates the need for multiple policies.
Enhances business credibility
Shows commitment to managing transit risks.
Ensures continuous protection
Offers uninterrupted coverage for regular shipments.
Facilitates smooth international trade
Complies with international shipping regulations.
Why choose BimaKavach to protect your business?
The Power of Underwriting
Your Policy is built for your unique needs.
Best Price for Complete Coverages
You get the best price for your coverage.
24*7
Claims Support
All concerns will be addressed without delay.
Online Platform to Manage Your Bima
Your policy can be managed from anywhere.
Dedicated
Bima Expert
You get access to IRDAI-Certified Bima Experts.
Who’s this for?
What does Marine Open Insurance Policy cover and exclude?
Coverages
All Risk Coverage
These policies are designed to offer extensive coverage against many risks, as detailed by the Institute Cargo Clauses (A) and the Indian Trade Clauses (A). The "All Risks" provision encompasses protection against physical damage or loss of the insured items caused by: collisions, transport vehicle overturns, piracy, fire, and mishandling-induced damage. This ensures a thorough safety net, capturing unforeseen and unplanned incidents.
War and SRCC Coverage
Protects against risks related to war, strikes, riots, and civil commotion.
Natural Calamities Coverage
Covers losses due to natural disasters like storms and earthquakes.
Fire and Explosion Coverage
Protects against damages caused by fire and explosions.
Reconditioning costs
Covers expenses related to repairing or restoring damaged goods.
SRCC for inland transit
Protects against risks related to war, strikes, riots, and civil commotion for inland transit.
Exclusions
Normal Wear & Tear
Excludes damages due to normal wear and tear of goods.
Inadequate Packaging
Excludes losses from poor packaging.
Inherent Vice
Excludes losses from the inherent nature of the goods.
Intentional Acts
Excludes damages caused intentionally by the insured.
Financial Defaults
Excludes losses due to the insured's inability to meet financial obligations.
All Risk Coverage
These policies are designed to offer extensive coverage against many risks, as detailed by the Institute Cargo Clauses (A) and the Indian Trade Clauses (A). The "All Risks" provision encompasses protection against physical damage or loss of the insured items caused by: collisions, transport vehicle overturns, piracy, fire, and mishandling-induced damage. This ensures a thorough safety net, capturing unforeseen and unplanned incidents.
War and SRCC Coverage
Protects against risks related to war, strikes, riots, and civil commotion.
Natural Calamities Coverage
Covers losses due to natural disasters like storms and earthquakes.
Fire and Explosion Coverage
Protects against damages caused by fire and explosions.
Reconditioning costs
Covers expenses related to repairing or restoring damaged goods.
SRCC for inland transit
Protects against risks related to war, strikes, riots, and civil commotion for inland transit.
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When can I Claim?
A claim under Marine Open Policy Insurance can be registered in the below circumstances:
- When there is loss or damage during domestic or international transit
- When goods are being repaired or restored due to damage during transit
- Damage of shipments due to natural calamities or fire
- If the loss or damage is due to civil unrest or war
Claim what’s yours with BimaKavach
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