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 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.
- Insurer Sign-off: ICICI Lombard Marine Inland 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.