There are many general insurance companies in India offering specific transit marine policies. These insurance companies offer different benefits and charges different premium rates. Below infographic explains how to select the right insurance company to buy specific transit insurance policy.
Shipping is an important aspect of businesses involved in trade or export. Likewise, transporting goods, domestic or international, involves a wide range of risks and perils. Availing of the right marine insurance policy is an essential requirement for businesses to have financial security against these marine perils. There are various marine insurance companies in India […]
The Franchise Clause in Insurance applies the minimum amount of claim acceptable by the insurer. Generally, insurers decide the franchise limit based on the type of insurance and feasibility of recovering the loss from the erring party. The following reasons justify the use of the franchise clause in Insurance : The insurer will try to […]