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Inland Cargo
  • Cargo policies are freely assignable
  • Existence of Insurance Interest needs to be established only at the time of loss

Types of Policies

  • Specific Policy: The policy is issued for a specified transit. The coverage under the policy will cease on completion of the transit contemplated
  • Open Policy: This is a policy intended to cover inland movement of consignments for a specified period of time which is usually one year. This policy is suitable for an Insured with numerous transactions throughout the year. The availability of the open policy facilitates the insured in having automatic and continuous cover and the insured is free to declare the consignment movement subject to the terms and conditions of the policy. The open policy is issued with an initial sum insured which can be enhanced at policy rate any time during the currency of the policy

UIN no. IRDAN123P0063V01200203

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