Marine Open Policy
• This is a contract to provide automatic insurance protection for a specific period of time (usually one year).
• Premium is by deposit (based on an estimate), and adjustable on declaration of actual values of shipments/dispatches
• Always open until cancelled by either party to the contract
• Certificates are issued for individual shipments/dispatches
Proposal form available for download, please take a print, fill in your details and arrange to send it to our branch nearest to you. Branch Locator
Marine Specific Policy
• We insure cargo against risks involved in a specific voyage
Proposal form available for download, please take a print, fill in your details and arrange to send it to our branch nearest to you. Branch Locator
Marine Sales Turnover Policy (STOP)
STOP is a designer product for the discerning customer, an Open Policy in the real sense of the term. The premium for the policy is charged only on your sales turnover.
STOP provides you Transit insurance coverage on:
• Imports + Customs Duty (Actual or Deemed / Contingent) +
• Domestic purchase of raw materials, consumables & stores +
• Any number of inter- factory / inter-depot / to & fro job worker movements +
• Exports (FOB/CIF) +
• Domestic sales of finished goods
• Temporary storage cover at intermediate locations like Job workers / C & F premises etc.
What do you gain?
• Sizeable saving in premium which is charged only on your sales turnover.
• Seamless cover with all movement of goods automatically covered.
• No hassles of submitting periodical declaration of movements to the insurer. Only monthly sales figuresneed to be submitted
• Intermediate storage cover can be built into the policy.
• Premium on full annual sales turnover need not be paid in advance. Facility for payment of premium onhalf-yearly / quarterly.
This is a one Stop shop for all your marine needs.
Proposal form available for download, please take a print, fill in your details and arrange to send it to our branch nearest to you. Branch Locator
Tata AIG The Marine Specialist
Tata AIG is the only Insurer in the market, having a dedicated team of marine underwriters in all the branches of the company; experts who understand your business and provide you with customized solutions at the most competitive rates.
