Marine Sales Turnover Insurance Policy
Comprehensive Coverage for Your Marine Trade Operations
Key Features
- 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 a periodical declaration of movements to the insurer. Only monthly/ Quarterly sales figures need to be submitted.
- Facility for payment of premium on a half-yearly/quarterly basis.
Benefits
- 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 & from job worker movements.
- Exports (FOB/CIF).
- Domestic sales of finished goods.
- Temporary storage cover at intermediate locations like Job workers/C & F premises etc.
Health Cover Up
to ₹50 Lacs
What is Marine Sales Turnover Insurance Policy?
Marine Sales Turnover Insurance Policy is a flexible and customizable marine policy that covers all types of transits required to achieve sales, instead of issuing certificates for each shipment. It simplifies documentation, offers premium savings, and allows installment payments, making it an ideal solution for businesses managing frequent shipments.
Why do you need Marine Sales Turnover Insurance Policy?
Simplified Documentation
Reduce paperwork by replacing individual transit certificates with a single declaration.
Comprehensive Coverage
Protects all modes of transit—sea, air, rail, or road—under one policy.
Cost Savings
Save significantly on premiums while ensuring complete coverage for your sales turnover.
Flexible Premium Payments
Pay premiums conveniently in quarterly or half-yearly installments.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Marine Sales Turnover Insurance Policy cover and exclude?
Plan Coverage
All Modes of Transit
Covers shipments by sea, air, rail, or road to efficiently achieve sales turnover.
Loss or Damage During Transit
Provides financial protection against loss or damage to goods during transportation.
Multiple Shipments
Simplifies coverage for multiple shipments under a single policy.
Sales Turnover
Covers the entire sales turnover of a company, not just specific shipments.
Premium Payment Flexibility
Offers the option to pay premiums in quarterly or half-yearly installments.
Customizable Policy Terms
Allows flexibility in customizing the coverage to suit your business needs.
Protection for New and Existing Stock
Covers both new and existing stock in transit for business sales.
Worldwide Coverage
Provides protection for shipments worldwide, as long as they meet policy terms.
Major Exclusions
War and Terrorism
Excludes losses caused by war, terrorism, or political unrest unless otherwise specified.
Natural Disasters
Excludes coverage for damage caused by earthquakes, floods, or other natural disasters unless included in the policy.
Deliberate Acts
Excludes losses caused by deliberate acts or fraud.
Improper Packaging
Does not cover goods damaged due to inadequate or improper packaging.
Unreported Shipments
Excludes shipments that were not declared as per the policy’s requirements.
Uninsured Cargo
Excludes cargo not covered under the policy or specifically listed in the declaration.
Non-Approved Routes
Excludes goods transported via unauthorized or non-approved routes.
Delay in Reporting
Claims may be excluded if the loss or damage is not reported within the specified time frame.
Your Journey to Insurance Manager
When can I Claim?
A claim under Marine Sales Turnover Insurance Policy can be registered in the below circumstances:
- Loss or Damage During Transit: If your goods are lost or damaged during any covered transit under the policy.
- Submitted Shipment Declarations: When a declaration for the shipment has been submitted as per policy requirements.
- Coverage for All Sales Transits: For any transit necessary to achieve sales, as outlined in the policy.
Claim what’s yours with Insurance Manager
Have more questions?
Submission
Assessment
