Importance of Marine Cargo Insurance in International Trade
International trade plays a critical role in the growth of business and also contributes to the growth of a country's economy. However, when goods move from one country to another via different modes of transport, they are exposed to a variety of risks that may result in significant losses and damages.
Essential Things to Know about Marine Insurance
With globalisation in place, the need for different transportation routes and mediums is rising. At present, India is the 18th leading exporter in the world, with an exported value of around 36 trillion Indian rupees.
How is the Premium of Marine Insurance Policy Decided?
Businesses that are involved in the import and export of goods prefer to invest in marine or [transit insurance](https://www.tataaig.com/sme-insurance/marine-insurance/transit-insurance) policies. The purpose of [marine insurance](https://www.tataaig.com/sme-insurance/marine-insurance) is to provide financial protection to businesses by insuring their goods in case of any unforeseen or unexpected event during the transit.
Principles of Marine Insurance
[Marine insurance](https://www.tataaig.com/sme-insurance/marine-insurance) plays a crucial role in maritime commerce. It safeguards valuable cargo and vessels against unforeseen perils like theft, collision, fire and explosion, natural disasters and more on their journey.
What is Time Policy in Marine Insurance?
Time policy is one of the most important aspects of a [marine insurance](https://www.tataaig.com/sme-insurance/marine-insurance) contract. The time policy in marine insurance refers to the specified time for which the insured is covered under the marine insurance contract.
Difference Between Total Loss and Partial Loss in Marine Insurance
Traders involved in the export and import of their goods know all the risks associated with shipping their cargo from one place to another. While you have insurance plans that can provide coverage against risks, it is essential to understand the amount of claims that you will receive for the losses and damages.
Importance of Marine Cargo Insurance in International Trade
International trade plays a critical role in the growth of business and also contributes to the growth of a country's economy. However, when goods move from one country to another via different modes of transport, they are exposed to a variety of risks that may result in significant losses and damages.
Essential Things to Know about Marine Insurance
With globalisation in place, the need for different transportation routes and mediums is rising. At present, India is the 18th leading exporter in the world, with an exported value of around 36 trillion Indian rupees.
How is the Premium of Marine Insurance Policy Decided?
Businesses that are involved in the import and export of goods prefer to invest in marine or [transit insurance](https://www.tataaig.com/sme-insurance/marine-insurance/transit-insurance) policies. The purpose of [marine insurance](https://www.tataaig.com/sme-insurance/marine-insurance) is to provide financial protection to businesses by insuring their goods in case of any unforeseen or unexpected event during the transit.
Principles of Marine Insurance
[Marine insurance](https://www.tataaig.com/sme-insurance/marine-insurance) plays a crucial role in maritime commerce. It safeguards valuable cargo and vessels against unforeseen perils like theft, collision, fire and explosion, natural disasters and more on their journey.
What is Time Policy in Marine Insurance?
Time policy is one of the most important aspects of a [marine insurance](https://www.tataaig.com/sme-insurance/marine-insurance) contract. The time policy in marine insurance refers to the specified time for which the insured is covered under the marine insurance contract.
Difference Between Total Loss and Partial Loss in Marine Insurance
Traders involved in the export and import of their goods know all the risks associated with shipping their cargo from one place to another. While you have insurance plans that can provide coverage against risks, it is essential to understand the amount of claims that you will receive for the losses and damages.
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