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ICICI Lombard Master PolicyMaster Policy No: POL-ICICI-LOMBARD-2026-SAFESHIP

Cargo Transit Insurance & Claims Underwriting

Every shipment moving across the SafeShip logistics network is comprehensively underwritten against physical transit damage, vehicular accidents, linehaul loss, and theft up to ₹10,00,000 per consignment.

Full Declared Valuation Coverage (0.5% Cover Fee)

Consignments valued up to ₹5,000 receive automatic flat ₹29 standard coverage. High-value electronics (smartphones, laptops, luxury cameras) valued over ₹5,000 are covered at an all-inclusive 0.5% of declared valuation with zero deductible upon verified tamper seal breach.

Insurance Coverage & Claims Underwriting Matrix

Declared Valuation TierInsurance PremiumMaximum PayoutClaim Turnaround (SLA)
Standard Essentials (₹1 – ₹5,000)Flat ₹29Up to ₹5,000Within 24 Hours
Smartphones & Laptops (₹5,001 – ₹1,50,000)0.50% (e.g. ₹325 for ₹65k)100% of Declared ValueWithin 48 Hours
High-End Optics & Luxury Goods (₹1,50,001 – ₹10,00,000)0.50% with Bonded EscortUp to ₹10,00,000Within 72 Hours

1. What Is Covered

  • Physical transit damage caused by road vehicular accidents, linehaul transit collisions, or drops.
  • Water/moisture ingress occurring during freight transport in heavy monsoon seasons.
  • Pilferage, theft, or hijacking during linehaul transit prior to doorstep unboxing.
  • Total loss resulting from highway vehicle fire, natural catastrophe, or route derailment.

2. 4-Point Expedited Claim Protocol

Because SafeShip takes macro evidence photos at pickup and inspects the device at delivery, claims are expedited without prolonged surveyor investigations:

  1. Doorstep Logging: The custody officer records the damage on the digital manifest and applies a rejected tamper seal.
  2. Instant Evidence Comparison: Our AI comparison engine correlates the pickup baseline photos against the doorstep damage photo.
  3. Insurer Sign-off: ICICI Lombard Marine Inland Claims desk verifies the electronic chain of custody within 24 hours.
  4. Direct Disbursement: Approved claim settlement funds are wired directly into the beneficiary’s verified bank account via NEFT/RTGS.