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Overview
Coverages
Key Features
Terminologies
Claim Process
FAQs

What is Marine Insurance?

Marine cargo insurance is a contract between the insurance company and the insured individual. Any loss or damage caused to the cargo during transit is covered by this insurance

A marine cargo insurance policy also covers third-party liability, which includes damages caused to the port, carrier, or road due to defective cargo
Shriram General Insurance offers business owners a variety of Marine Cargo Insurance policies to provide coverage against various cargo losses/damages

Nil Pending
Complaints

Over 60 Lakhs
Happy Customers

Why Choose Shriram Marine Insurance?

Shriram Marine Insurance policy offers comprehensive coverage against a variety of damages at an affordable premium
One can purchase Shriram Marine Insurance at ease by comparing and customising the plans as per their business requirements
Shriram Marine Insurance provides instant claim services within a short timeframe for all claims-related inquiries

Flexible Plans

Customisable marine cargo plans as per requirements

All Risk Coverage

Comprehensive coverage with exclusive add-on covers

Quick Claim Process

Fast claim approvals and timely claim settlement

24*7 Claim Support

On-time claim support by our dedicated customer executives

Get your Shriram Marine Insurance in 3 Simple Steps

Call our Toll-Free number

Call (1800-300-3000/1800-103-3009) to avail a Shriram Marine Insurance policy at your convenience and you will be guided by our dedicated customer support executives throughout the Shriram Marine Insurance journey

Submit the required documents

Kindly submit the required documents - original invoice of the goods, transportation details, packaging of goods, etc. to proceed with the Shriram Marine Insurance process

Complete the payment and get instant Marine Insurance

Kindly complete the payment by selecting the preferred payment method (Debit Card, Credit Card, Net Banking or Cheque) and get Shriram Marine Insurance instantly

Insure Now

Benefits of Shriram Marine Insurance

Competitive pricing with minimal documentation
Customisable insurance plans for all your business needs
Extensive protection with all risk coverage
Emergency claim settlements possible
24*7 claim support at your disposal

Frequently Asked Questions

Why marine insurance is necessary?

Marine cargo insurance covers the cargo losses and provides financial support to the insured
Losses incurred during transit are compensated by the insurer
It can help the insured manage risks and continue the business without any hindrance

How is Shriram Marine Cargo Insurance premium calculated?

The premium rate depends on the following factors such as the nature of the cargo, coverage opted, packaging of the goods, conveyance mode, past claims history, etc.

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Specific Voyage (Inland/Import/Export)

This type of policy is offered when there is only one transit involved, i.e. from one place to another using any mode of transit (air, road, sea)

Open Policy (Inland)

This type of policy is proposed when there is a requirement for multiple transit(s) in a year for the same customer with the mode of transit as Rail/Road/Air, but the transit should be within India

Open Cover (Import/Export)

This type of policy is proposed when there is a requirement for multiple transit(s) in a year for the same customer with the mode of transit as Rail/Road/Air/Sea; the transit can be either for Import /Export

Sales Turnover Policy

This type of policy is offered to the customer(s) involved in manufacturing and having a company(s) turnover of 100 Crores or more

Types of Shriram Marine Insurance Coverages

Marine Cargo insurance coverage is based on the type of Clause(s) offered to the insured at the time of quotation. There are three types of clause(s) mainly used for Inland and Import/Export proposals:

Inland Transit Clauses (A), (B), (C)

These clause(s) are offered for Inland transit(s) i.e. within India and mode of transit as Rail/Road/Air/Postal/Courier

Inland Transit Clause	Coverage	Exclusion
Inland Transit Clause (A)	This clause is an All Risk Cover (A+B+C)	Wilful misconduct of the insured Ordinary (inevitable loss) Insufficient/Unsuitable packing Delay Inherent vice War perils Strike, riot and civil commotion
Inland Transit Clause (B)	This clause is a basic cover that includes- the risks of physical loss or damage to the insured goods Risks Clause (coverage against named perils) caused by a) Fire Lightning Breakage of bridges b) Collision with or by the carrying vehicle The overturning of the carrying vehicle Derailment or accidents of like nature to the carrying railway wagon/ vehicle	Ordinary (inevitable loss) Insufficient/Unsuitable packing Delay Inherent vice War perils Strike, riot and civil commotion
Inland Transit Clause (C)	This clause is a Named Peril cover which includes - loss or damage to the subject matter insured caused by the risks clause (very limited coverage against the named perils) (a) fire (b) lightning	a) Wilful misconduct of the insured Ordinary (inevitable loss) Insufficient/Unsuitable packing Delay Inherent vice War perils Strike, riot and civil commotion Breakage of bridges b) Collision with or by the carrying vehicle The overturning of the carrying vehicle Derailment or accidents of like nature to the carrying railway wagon/ vehicle

Inland Transit Clause

Coverage

Exclusion

Inland Transit Clause (A)

This clause is an All Risk Cover (A+B+C)

Wilful misconduct of the insured
Ordinary (inevitable loss)
Insufficient/Unsuitable packing
Delay
Inherent vice
War perils
Strike, riot and civil commotion

Inland Transit Clause (B)

This clause is a basic cover that includes- the risks of physical loss or damage to the insured goods Risks Clause (coverage against named perils) caused by

Fire
Lightning
Breakage of bridges

Collision with or by the carrying vehicle
The overturning of the carrying vehicle
Derailment or accidents of like nature to the carrying railway wagon/ vehicle

Ordinary (inevitable loss)
Insufficient/Unsuitable packing
Delay
Inherent vice
War perils
Strike, riot and civil commotion

Inland Transit Clause (C)

This clause is a Named Peril cover which includes - loss or damage to the subject matter insured caused by the risks clause (very limited coverage against the named perils)

(a) fire

(b) lightning

Wilful misconduct of the insured
Ordinary (inevitable loss)
Insufficient/Unsuitable packing
Delay
Inherent vice
War perils
Strike, riot and civil commotion
Breakage of bridges

Collision with or by the carrying vehicle
The overturning of the carrying vehicle
Derailment or accidents of like nature to the
carrying railway wagon/ vehicle

Institute Cargo Clauses (A), (B), (C)

These clause(s) are offered for Import/Export transit(s) mode of transit as Sea/Air/Courier/Sea/Air **The main leg of transit is through the Sea

Institute Cargo Clause	Coverage	Exclusion
Institute Cargo Clauses (A) or ICC (A)	All Risk Cover with General exclusions	Wilful misconduct of the insured Ordinary (inevitable loss) Improper packaging Inherent vice Delay Insolvency or financial default Nuclear Weapons risk Unseaworthiness of vessel or craft War perils Strikes, riot and civil commotion
Institute Cargo Clauses (B) or ICC (B)	Fire and Explosion Vessel/ Craft being Stranded, Grounded, Sunk or Capsized Overturning/Derailment of land Conveyance Collision or contact of the vessel, craft or conveyance with any external object other than water Discharge of Cargo at a port of Distress Earthquake, Volcanic Eruption or Lightning General Average Sacrifice, Jettison and Washing on Board Entry of Sea, lake or river water into the vessel/craft, container or place of storage Total loss of any package lost overboard or dropped whilst loading or unloading from a vessel or craft	Wilful misconduct of the insured Ordinary (inevitable) loss Improper packaging Inherent vice Delay Insolvency or financial default Nuclear Weapons risk Unseaworthiness of vessel or craft War perils Strikes, riot and civil commotion
Institute Cargo Clauses (C) or ICC (C)	Fire and Explosion Vessel/ Craft being Stranded, Grounded, Sunk or Capsized. Overturning/Derailment of land Conveyance Collision or contact of the vessel, craft or conveyance with any external object other than water Discharge of Cargo at a port of Distress General Average Sacrifice, Jettison General Average and Salvage charges Breakage of bridges Charges reasonable and properly incurred to avert/ minimize an insured loss and to preserve and pursue recovery rights	Wilful misconduct of the insured Ordinary (inevitable) loss Improper packaging Inherent vice Delay Insolvency or financial default Nuclear Weapons risk Unseaworthiness of vessel or craft War perils Strikes, riot and civil commotion

Institute Air Cargo Clause (Air)

These clause(s) are offered for Import/Export transit(s) mode of transit as Rail/Road/Air (Exclude sending by post) **The main leg of transit is through Air

Note: Please refer to the policy wording for detailed policy coverage

Frequently Asked Questions

How Sum Insured is calculated in Shriram Marine Insurance?

The sum insured in the policy is the turnover of the company, including Sales, Capital Goods, Custom duty and other legs of transit(s)

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Add-on/Marine Cargo Policy	Inland Cargo Insurance	Institute (Export/Import) Cargo Insurance
Strike, Riot and Civil Commotion (SRCC)
War
Duty Insurance Cover

Key Features of Shriram Marine Insurance

Competitive Pricing

Get the marine cargo insurance at an affordable price

Comprehensive Coverage

Full range cover for the cargo protection in no time

Stress-free Claims

Quick claim settlement to tackle cargo loss/damage

Exclusive Support

24*7 claim support for a hassle-free claim journey

Stress-free Claims

Quick claim settlement to tackle cargo loss/damage

Frequently Asked Questions

What does duty insurance cover?

A duty insurance policy can be taken by importers to cover the additional value of goods due to customs duties

Proposer

The proposer is the person/entity who has an insurable interest in the commodity

Commodity

A commodity is a product that is being insured

Sum Insured

It is the agreed amount of the commodity as per the Invoice/Sale Deed/Declared Value

Basis of Valuation

It is the amount based on which the claim will be settled or valued

Per Transit Limit

In the case of Yearly/Open Policy, Per Transit Limit is the maximum value per wagon/truck/one transit

Incoterms

Incoterms, widely-used terms of sale, are a set of 11 internationally recognised rules which define the responsibilities of sellers and buyers. Incoterms specifies who is responsible for paying and managing the shipment, insurance, documentation, customs clearance and other logistical activities

Frequently Asked Questions

What is a Bill of Lading?

A bill of lading (BL or BoL) is a legal document issued by a carrier to a shipper that includes the goods type, quantity and destination being carried

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Shriram General Insurance’s claim intimation process is easy and hassle-free. Intimate a claim, submit the required documents and get a timely claim settlement

How to Register Shriram Marine Insurance Claim?

step 01
step 02
step 03
step 04
step 05

Intimate your Claim

Intimate a claim via our Toll-Free number 1800-300-30000/1800-103-3009 or Please download CLAIM INTIMATION, fill it out and send it to our Help Desk via Email ID (chd@shriramgi.com)
- Policy Number/Proposal Number
- Date and Time of the Accident
- Survey location, where our loss assessor can survey the damages
- Estimated loss/description

Claim Registration

Our customer support team will accept the claim intimation and provide the claim reference number

Claim Confirmation

Once the claim is registered and the loss assessor gets deputed, one will receive a text message for confirmation along with surveyor details. The surveyor will contact the policy holder regarding the time and conduct the survey accordingly

Submission of Required Documents

Please provide the REQUIRED DOCUMENTS mentioned to proceed further

Survey and Claim Settlement

After receiving the documents, our dedicated survey team will initiate the process. Once the survey is done, the funds will be directly sent to the recipient after verification
Note: Kindly contact our CHD /Surveyor when the property is ready for re-inspection, if the surveyor advised re-inspection

Intimate Claim

Frequently Asked Questions

How to intimate a marine insurance claim?

Intimate a claim via our Toll-Free number 1800-300-30000/1800-103-3009 or Please download the CLAIM INTIMATION, fill it out and send it to our Help Desk via Email ID (chd@shriramgi.com)

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General Cover Premium Claim Policy

Who needs Shriram Marine Insurance?

Trader
Manufacturer
Transporter (Exporter/Importer)
Any other individual

What does Inland Cargo Insurance not cover?

Inland cargo insurance does not cover damages/losses to transited goods in case of strike, riot, civil commotion and war

What is CIF+10% in marine insurance premium calculation?

C = Cost/invoice value (The purchaser's purchase cost, or the seller's selling price) I = Insurance premium F = Freight charges Plus (+), 10% to cover currency fluctuations or additional freight costs

What are the benefits of Shriram Marine Insurance claim settlements?

Easy application procedure
Instant claim registration
Minimum documentation is required
Simple survey process
Quick claim verification and settlement

What are the documents required for Shriram Marine Cargo Insurance claims?

Original Goods Invoice
Certificate of Damage
Letter of Subrogation
Photographs for proof of damage
NEFT mandate – canceled cheque or bank passbook copy

What our customers say ?

Divyansh says,

Shriram General Insurance is the best travel insurance and i can confidently recommend.Truly the best online travel insurance site in India. Thanks to Shriram General Insurance !.

Vidit says,

Shriram General Insurance has a very encouraging overseas travel insurance program for us. Overall it's very nice

Malik says,

I had some doubts when reading the terms and conditions of my travel insurance. I called the Shriram General Insurance helpline and they cleared up most of my doubts.

Prakash says,

SGI Health Insurance currently administers my health insurance policy. I still have a bonus and there hasn't been a claim. This insurance covers all hospitals for cashless payments. Customer support is excellent.

Apeksha says,

This group health insurance policy, which has a Rs. coverage amount, was obtained from Shriram General Insurance. They have connections with several hospitals and also offer cashless medical care.

Ashwin says,

“I am satisfied with Health insurance claim service” Got my Health insurance policy claim. Thanks a lot for quick response. Great customer satisfaction policy

Chiranjeev says,

My Commercial Vehicle Insurance is the best. These are very good, helpful and wonderful people. I am pleased to join Shriram General Insurance commercial vehicle insurance plan.

Purushottam says,

For commercial vehicle insurance, I can suggest Shriram General Insurance with confidence. I'm relieved that my vehicle is now protected and secure, I appreciate Shriram General Insurance!

Santram says,

Shriram General Insurance provides me with a commercial vehicle insurance policy that fully protects the vehicle for a comparatively small outlay of money. Excellent customer satisfaction policy, I'm pleased!

Amritlal says,

After taking into account all other plans available, I decided to go with Shriram General Insurance for my personal insurance policy. I am extremely pleased with the outcome of my claim and the amount of time and accuracy put into it.

Meghna says,

Taken the personal insurance policy with Shriram General Insurance company around 5 years ago. My colleague is suggested me to take the policy from here. The claim ratio is more compared to others. This was taken for my family benefits and customer service is good. Thank you SGI!!

Mohan says,

Five years ago, I chose to invest in a personal insurance policy with Shriram General Insurance Company after being recommended by a colleague. They had one of the best claim ratios and the customer service is great. Taking out this policy has benefited my family immensely and I'd like to take this opportunity to thank Shriram General Insurance for their excellent services.

Akanksha says,

I recently took out a home insurance policy with Shriram General Insurance and it covers me if there is any destruction to my property due to natural disasters such as earthquakes. I am very pleased with their customer service and quick response times. This gives me peace of mind knowing that I have this policy in place.

Raveena says,

After consulting with many people, I chose to purchase my home insurance from Shriram General Insurance. The experience was quite pleasing & I am glad that I went with them as their policy has proven to be very satisfactory.

Tejas says,

Securing my future by taking home insurance from Shriram General Insurance was a great decision. Not only did I get protection from natural and man-made calamities, but the service provided was also excellent.

Shubham says,

The add-on covers on my policy were extremely helpful. I got my claim easily and also reserved my NCB.And Shriram has made it so easy to renew any policy online without any tussle, trouble.thank you Shriram General Insurance!

Amandeep says,

Shriram General Insurance Co. Ltd is a trustworthy partner to me. They have a sincere and genuine approach towards settling claims, which I highly appreciate and value. They made it easier for me to manage through the tough times.

Satyaprakash says,

Shriram General Insurance truly stands out with the great service they provide – claims are processed quickly and effortlessly. I am very appreciative of their support! The quick and stress-free claim process made life easier for me during a trying time.

Shakeel says,

Shriram General Insurance really offer affordable two wheeler insurance premium. When my bike was damaged in an accident, I was stressed out but their two wheeler insurance executive took care of the situation quickly & efficiently. Thanks to Shriram General Insurance!

Samantha says,

I recently got a two-wheeler insurance policy from Shriram General Insurance and had a great experience. The website was incredibly user-friendly and all the relevant information was easily accessible. I'm glad my two-wheeler is safe and secure now - thank you Shriram General Insurance!

Vandana says,

My friend working for Shriram General Insurance suggested I take out a two-wheeler insurance policy from them. I've been renewing it before its expiry ever since and have been pleased with the service.I recently visited their branch and decided to renew my policy with them. The reason I chose them was because they provide first-party insurance with utmost claim amounts, plus this policy includes bumper to bumper coverage.

Chetan says,

I was thoroughly satisfied with my decision to get car insurance from Shriram General Insurance. Not only did I find their rates quite reasonable, but the policy coverage was also adequate. I am especially impressed with how efficiently and smoothly they handled my claims.

Ankit says,

I can confidently recommend Shriram General Insurance for car insurance as I have been a loyal customer for the last 5 years. Their claims process is very efficient and they respond swiftly to their customers in comparison to the other providers.

Rahul says,

I recently switched to Shriram General Insurance for my car insurance and I'm glad I did. The customer service is great, and the policy was issued instantly. I am Very impressed with their services!