SBI General Marine Cargo Insurance

Features of SBI General Marine Cargo Insurance

SBI General marine cargo insurance comes with several features. Here are those features

• Good Service: The insurer provides good service to the policyholder so that the customer does not have to worry much.
• Customized Plans Available: The insurance company provides customization features to the policyholder so that they can design the insurance plan according to their requirement.
• Transportation: The plan provides coverage for the transportation modes through air, rail, sea, road and parcel transportation also.
• Assistance & Survey: The insurer provides assistance and survey to the policyholder as quickly as possible.
• Surveyors Network:The insurance company has a wide network of surveyors.
• Online Savings: The insurer provides online savings depending on the distance covered by the carrier.
• Live In Peace: By opting for the SBI general marine insurance plan you can live your life in peace as you won’t have to worry about any loss or damage caused during transit.

What Is Covered Under SBI General Marine Cargo Insurance?

The SBI General Marine Cargo Insurance provides cover for the following:

• Fire: The plan provides cover for the damage caused because of the unforeseen fire accident.
• Shock: The insurance plan provides coverage for the damage caused to the vessel or goods due to any shock.
• Impact Damage: The plan provides cover for the damage caused due to an impact.
• Jettison: Jettison coverage is also there.
• Distress: The plan provides cover for the loss or damage caused due to distress at the port during the discharge of the carrier.
• Aircraft Damage: The insurance plan provides cover for the loss or damage caused to the goods or aircraft during the transit through the airplane.
• Natural Calamity: The insurer provides cover for the loss or damage caused to the carrier or goods due to natural calamity such as earthquake, cyclone, storm, typhoon, etc.
• Malicious Damage: The insurance plan provides cover for any malicious damage.
• Overturning & Derailment: The insurance plan provides cover for the overturning of the vehicle on land or derailment of the train.
• Collision: Loss or damage caused to the carrier due to collision with an external object except for water.

What Is Not Covered Under SBI General Marine Cargo Insurance?

The SBI General marine cargo insurance plan does not provide cover for the following:

• Willful Misconduct: The insurance company does not provide cover for the loss or damage caused due to willful misconduct of the policyholder.
• Inevitable Loss: The insurance plan does not provide cover for the loss caused due to something inevitable.
• Insufficient Packing: The marine insurance plan does not provide coverage for the loss or damage caused due to improper and insufficient packing.
• Delay: The insurance plan does not provide coverage for the loss caused due to the delay of the carrier.
• Insolvency or Financial Default: The insurer does not provide coverage for the loss or damage caused due to insolvency or financial default of the owner, manager, operators of the vessel.
• War: The insurance company does not provide coverage for the loss or damage caused in a war or war-like situation.
• Unseaworthiness: The policy does not provide coverage for the loss or damage caused due to unseaworthiness or unfit vessel.
• Seizure: In case the carrier gets seized the insurance plan will not provide coverage for it. Except for the piracy at sea.
• Terrorist Attack: The insurance company does not provide coverage for any loss or damage caused due to a terrorist attack.

How To Raise Claim Under SBI General Marine Cargo Insurance?

 SBI General Insurance Company provides an effortless claiming settlement process. Follow the steps below to raise your claim.

• Inform The Insurer: First and foremost, inform your insurer as soon as you get to know about the incident causing damage.
• Take Pictures of Damage: If it is possible then take or get the pictures of the damage caused in the incident so that you can have proof of it.
• Keep Document In Hand: If you do not want to delay the claiming procedure to get delayed because of you only then make sure to keep the documents ready.
• Fill Claim Form Properly: Make sure to fill the claim form properly and check if you have filled in correctly before submitting it.
• Inspection: The insurer will send an inspector and get the inspection done before authorizing the claim.
• Assist The Inspector: When the inspector arrives, make sure that you assist him/her with whatever they require and tell them about the incident properly.
• Compensation: When the inspector gets satisfied, he will send let the insurer know and they will compensate for the loss as soon as possible.

How To Renew SBI General Marine Cargo Insurance?

The SBI General Marine Cargo insurance plan comes with a policy duration. This is why you have to renew it before expiration to get the insurance benefits. Follow the steps below to renew the insurance plan.

• Step 1: Go to Insurer’s official website.
• Step 2: Fill in the detail such as policy number, name, etc.
• Step 3: You will get to see the policy details.
• Step 4: Review your plan and make sure it is correct to your knowledge.
• Step 5: You can add or remove any add-on as per your need.
• Step 6: When you add or remove an add-on then it will reflect in your premium amount.
• Step 7: Make the payment using a Debit/credit card, net banking, UPI, etc.
• Step 8: Once you make the payment then you will get a confirmation mail and message on your registered mobile number.

If you want to avoid the cancellation of your insurance plan then make sure to renew it before expiry.

Why Buy From Policybazaar Insurance Brokers Private Limited?

If you want to experience a seamless buying experience then you must purchase the SBI General Marine Cargo insurance plan from Policybazaar Insurance Brokers Private Limited. You can compare different plans and their premium amount also. You can calculate the premium amount using the premium calculator online.

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