National Insurance – Marine Cargo / Transit Specific Policy

In today’s fast-moving trade environment, the transportation of goods—by road, rail, air, or sea—comes with significant risks. Goods can get damaged, lost, or stolen at any stage of transit due to accidents, rough handling, natural calamities, or unforeseen events. Such losses can heavily impact business operations and profitability.

National Insurance, one of India’s most trusted public sector insurers, offers the Marine Cargo / Transit Specific Policy to ensure safe and secure movement of goods from one place to another.

What is a Marine Cargo / Transit Specific Policy?

The Marine Cargo / Transit Specific Policy provides protection for goods in transit, whether the movement is domestic or international.

It covers shipments transported through:

• Road
• Rail
• Air
• Sea
• Courier services
• Multi-modal transport

This policy ensures that goods are financially protected from the moment they leave the consignor’s premises until they reach their final destination.

Who Needs This Policy?

This policy is ideal for:

• Manufacturers
• Traders
• Importers
• Exporters
• Transporters
• Logistics companies
• E-commerce businesses
• Individuals transporting valuable goods

Anyone moving goods—raw materials, finished products, machinery, equipment, or consignments—requires Marine Cargo insurance for financial security.

Types of Transit Covers Offered

1. Specific Transit Policy (STP)

Covers a single journey of goods from one location to another.
Ideal for one-time shipments or occasional transport.

2. Marine Open Policy

Automatically covers all shipments within a specified period (usually 1 year).
Best for businesses with regular and continuous transit.

3. Marine Sales Turnover Policy (STOP)

Covers multiple inbound and outbound shipments under one comprehensive policy.

Risks Covered Under Marine Cargo / Transit Policy

✔ Transit-Related Risks

• Accidental damage
• Collision or overturning of the vehicle
• Derailment (rail transit)
• Vessel sinking, stranding, or burning
• Air crash damage
• Loading/unloading damages

✔ Natural Perils

• Storm
• Flood
• Lightning
• Earthquake
• Cyclone
• Heavy rains

✔ Theft & Malicious Damage

• Theft
• Pilferage
• Non-delivery of packages
• Malicious acts by third parties

✔ Handling-Related Losses

• Rough handling
• Breakage
• Crushing
• Water damage

Key Features of National Insurance Marine Cargo Policy

✔ Wide Coverage

Protects goods during every stage of transit—from dispatch to delivery.

✔ Flexible Policy Options

Choose between single-transit or annual policies based on business requirements.

✔ Affordable Premiums

Cost-effective protection for high-value cargo.

✔ Cover for Domestic & International Shipments

Suitable for exporters, importers, and businesses transporting goods within India.

✔ Add-On Benefits

Additional covers available for:

• War & strike risks (international cargo)
• Duty cover
• Seller’s interest insurance
• Warehouse-to-warehouse protection

✔ Simple Documentation & Fast Claims

Quick processing ensures minimal disruption to business operations.

Why Choose National Insurance?

• Trusted PSU insurer with decades of expertise in marine insurance
• Strong presence across India
• Efficient and transparent claim settlement
• Competitive premiums with broad coverage
• Tailor-made solutions for different business needs

Conclusion

Goods in transit are exposed to a wide range of logistical, environmental, and accidental risks. With National Insurance’s Marine Cargo / Transit Specific Policy, businesses and individuals can ensure their shipments remain protected from unexpected losses.

Secure every shipment. Safeguard your business. Choose National Insurance for dependable Marine Cargo protection.