HDFC ERGO General Insurance - Products - Marine Insurance

HDFC ERGO General Insurance Company Limited

marine insurance

personal accident insurance

engineering insurance

marine insurance

miscellaneous insurance

Accident & Health

group accident

hospital cash accident

business travel

Rural

gramin suraksha bima

parivar suraksha bima

cattle insurance

sheep and goat insurance

rainfall index insurance

other rural products

List of Corporate Agents

Agency Application Form

Know More About Our Products

marine insurance

Want us to call you? click here

You know that, when you import or export goods, you are exposed to significant financial losses should your international shipments be damaged or destroyed in transit. You also need to depend on an insurance company that understands the importance of swift response and efficient service in handling your claims.
With HDFC ERGO General Insurance Company's Marine Cargo Insurance, you can count on the best protection for your cargo. Catering to both importers' and exporters' needs, the coverage is comprehensive and flexible with international shipments protected from the time the goods leave the seller's warehouse until they reach the buyer's warehouse. The party usually responsible for insuring the goods is determined by the sales contract. To help you familiarise yourself with the buyer's and seller's responsibility, HDFC ERGO General Insurance Company can extend its experience in respect of the most common sales contracts, i.e: ex-works, FOB, CFR and CIF.

Scope of Cover:

The Marine Cargo Insurance offers four types of covers:
    Institute Cargo Clause (C): Named Peril basis.

    Institute Cargo Clause (B): Named Peril basis.
    Institute Cargo Clause (A): The widest form of cover under Marine Cargo Insurance is so far as it relates to the perils covered. ICC (A) is an unnamed peril clause.
    Institute Cargo Clause (Air).

Significant Exclusions:

This policy does not cover loss or damage due to willful misconduct, ordinary leakage, improper packing, delay, inherent vice, war, strikes, riot and civil commotion.

Sum Insured:

This is an agreed value policy. Normally, the insurance is taken for CIF+10%.

Premium:

The insurance rate depends on a variety of factors such as the nature of the cargo, scope of cover, packing, mode of conveyance, distance and past claims experience.

Types of Policies:

Policies are customizable to your needs, with a specific policy to cover each single consignment.

Extensions:

Various clauses can be added on depending upon the nature of the goods being carried. The Institute Cargo Clause comprises a range of covers from the most comprehensive ones such as (A) Clauses to the basic minimum protection available termed (C) Clauses. Additional cover can also be provided for the following:

    War, strikes, riot and civil commotion.

    Loading and unloading.

    Customs duty.

    Removal of debris.

Download Proposal form [Marine Open Cover]   (DOC 279 KB)

Download Proposal form [Specific Marine Insurance]   (DOC 150 KB)

Download Claim form   (DOC 51 KB)

For more information, please write to us at care@hdfcergo.com. You can also contact us on our Toll Free No. 1800-2-700-700.

HDFC Group Websites :

Disclamer & Privacy Policy