Transit Insurance

Transit insurance is designed for the domestic movement of goods within India, a market that has expanded significantly with GST implementation and the growth of e-commerce logistics. While marine insurance covers international and coastal shipments, transit insurance focuses on inland movement by road, rail, air cargo, and inland waterways. India's road freight market, which moves over 65% of the country's goods, presents risks from accidents, overturning, bridge collapses, natural calamities, and theft in transit. Rail transit adds risks of derailment and yard damage. The policy can be structured as a specific transit cover or an annual open transit policy for businesses with regular dispatch volumes. It is commonly purchased by manufacturers, distributors, and e-commerce logistics providers.