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Ahura Insurance is committed to securing your future with trusted and customized insurance solutions. We provide expert policy guidance, fast claim assistance, and 24/7 support to protect your family, health, and financial goals.
MARINE INSURANCE
At Ahura Insurance, we protect the goods, cargo, and supply chains that keep your business moving. Whether you are an importer, exporter, trader, or manufacturer, the movement of goods across roads, railways, seas, and airways carries inherent risk. A damaged consignment, a lost shipment, or a transit delay can have a significant impact on your business operations and bottom line. Ahura Insurance works with leading marine insurers to provide tailored transit and cargo solutions — ensuring that your goods are protected at every stage of their journey, from origin to final destination.
What is Marine Insurance?
Marine insurance is a type of insurance that provides financial protection against loss or damage to goods, cargo, and freight during transit by sea, air, road, or rail. It is one of the oldest and most essential forms of commercial insurance, underpinning the movement of goods in both domestic and international trade. In India, marine insurance is governed by the Marine Insurance Act, 1963, and is a critical tool for businesses that need to manage supply chain risk effectively. Beyond cargo, marine insurance also covers hulls, freight liability, and other interests associated with the transportation of goods. Ahura Insurance helps businesses of all sizes understand their transit exposures and arrange the most appropriate cover for their trade requirements.
What are the Types of Marine Insurance ?
Single Transit Policy
A Single Transit Policy provides coverage for a specific, one-off shipment from a defined point of origin to its destination. It is ideal for businesses or individuals who do not ship goods regularly but require protection for an individual consignment of high value. The policy is issued for each shipment separately, with the premium calculated based on the nature of goods, mode of transit, and the route taken. This policy offers flexibility for infrequent shippers who need reliable, targeted cover without committing to an annual arrangement.
Marine Open Policy
A Marine Open Policy is an annual arrangement that automatically covers all shipments made by the insured during the policy period, up to a pre-agreed limit per conveyance. It eliminates the need to arrange a separate policy for every consignment, making it the preferred choice for businesses with frequent and regular cargo movements. Under this policy, the insured declares each shipment as and when it occurs, and the premium is adjusted accordingly. It offers administrative convenience, consistent coverage, and ensures that no shipment is inadvertently left uninsured.
Sales Turnover Policy
A Sales Turnover Policy is designed for businesses that handle large volumes of domestic trade and prefer a simplified premium structure based on their annual sales turnover rather than individual shipment declarations. The premium is calculated as a percentage of the insured's projected annual turnover, making budgeting predictable and administration straightforward. This policy is particularly well-suited for manufacturers, distributors, and retailers who dispatch goods regularly across multiple locations within India and want seamless, continuous coverage without the burden of per-shipment reporting.
Stock Throughput Policy
A Stock Throughput Policy provides end-to-end coverage for goods throughout their entire journey from the point of raw material procurement, through the manufacturing or processing stage, storage in warehouses, and finally transit to the end customer. Unlike traditional marine or fire policies that cover goods only at specific points in the supply chain, a Stock Throughput Policy offers a single, integrated cover that eliminates gaps between transit and storage risks. It is an ideal solution for manufacturers, commodity traders, and businesses with complex multi-stage supply chains that require seamless and comprehensive protection.