Optima Insurance Brokers Pvt. Ltd.

INSURANCE POLICIES

Transit

Damage to and theft of goods during transit is not unknown. The Transit Insurance policy provides cover for any goods when in transit including temporary warehousing.

Open Policy

ICC A & ITC A are All Risk Marine covers for goods in transit. The policy covers all risks to the cargo except the exclusions mentioned in the policy. The illustrative list of risks to the cargo which are covered by an ICC A policy are:

  • Fire or explosion
  • Stranding, grounding sinking, capsizing
  • Over turning or derailment
  • Collision or contact of vessel craft or conveyance with any external object other then water
  • Discharge of cargo at point of distress
  • General average
  • Jettison
  • Earthquake, volcanic eruption or lightning
  • Water damage by entry of sea/ river water
  • Total loss of package lost overboard
  • Total loss of package dropped during loading and unloading
  • Breakage
  • Scratching, chipping, denting, bursting
  • Theft
  • Malicious damage
  • All water damage including rain damage

Additional cover

  • SRCC

The main exclusions are:

  • Willful misconduct,
  • Ordinary leakage /loss of volume/weight,
  • Insufficient packing,
  • Delay,
  • Inherent vice of the cargo,
  • Insolvency of transporter,
  • War & SRCC (These risks can be covered on payment of extra premium)


Optima’s core group has more than 100 man-years of experience in insurance. Our experience has trained us in reading the fine print of insurance policies, understanding it and applying it for the benefit of our clients.

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Corporate Office

M6, M Block Market, Greater Kailash-II, New Delhi-110 048
+91-11-40 50 51 52, +91-11-40 50 51 53

Registered Office

M4, Greater Kailash-II, New Delhi-100 048
+91-11-40505159
info@optima.co.in

IRDA Registration Number 326  |  CIN : U66030DL2000PTC103603  |  Category : Direct Broker (Life and Non-Life)  |  License period : 22-03-2018 to 21-03-2021
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