Group Cargo ProtectionGroup Transit Policy: POL-SAFESHIP-PROTECT-2026
Cargo Transit Protection & Claims Settlement
Every shipment moving across the SafeShip logistics network is comprehensively covered under registered group cargo transit policies underwritten by licensed Indian general insurers 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 Tier | Insurance Premium | Maximum Payout | Claim Turnaround (SLA) |
|---|---|---|---|
| Standard Essentials (₹1 – ₹5,000) | Flat ₹29 | Up to ₹5,000 | Within 24 Hours |
| Smartphones & Laptops (₹5,001 – ₹1,50,000) | 0.50% (e.g. ₹325 for ₹65k) | 100% of Declared Value | Within 48 Hours |
| High-End Optics & Luxury Goods (₹1,50,001 – ₹10,00,000) | 0.50% with Bonded Escort | Up to ₹10,00,000 | Within 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:
- Doorstep Logging: The custody officer records the damage on the digital manifest and applies a rejected tamper seal.
- Instant Evidence Comparison: Our AI comparison engine correlates the pickup baseline photos against the doorstep damage photo.
- Underwriter Verification: The authorized cargo claims desk verifies the electronic chain of custody within 24 hours.
- Direct Disbursement: Approved claim settlement funds are wired directly into the beneficiary’s verified bank account via NEFT/RTGS.