{"uin":"IRDAN149CP0010V01201819","name":"Specific Voyage - Commercial","url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819","insurer":{"slug":"magma-general-insurance","name":"Magma General Insurance Limited","url":"https://indiainsurances.com/insurer/magma-general-insurance"},"line":"general","category":"marine","category_name":"Marine and transit","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Marine Cargo Specific Voyage Policy (Commercial) covers physical loss or damage to insured goods during sea, post or parcels, rail, road or air transit. The applicable policy schedule clauses determine the scope, including all-risk, named-peril, war and strikes covers.","analysis":{"state":"machine","analysed_at":"2026-10-20 05:33:23.367812+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"Transit cover attaches when the subject-matter insured is first moved for immediate loading and continues during the ordinary course of transit until the applicable termination event. For oversea cargo clauses this can be unloading at the destination or expiry of 60 days after discharge overside, whichever occurs first.","display":"Transit cover: from first movement for loading until the applicable transit termination event; oversea cargo clauses include 60 days after discharge overside.","note":"Air transit clauses use 30 days after unloading from aircraft; inland rail/road/air/courier transit uses 7 days; war clauses use 15 days after arrival/discharge.","quote":"Subject to Clause 11 below, this insurance attaches from the time the subject-matter insured is first moved in the warehouse or at the place of storage (at the place named in the contract of insurance) for the purpose of the immediate loading into or onto the carrying vehicle or other conveyance for the commencement of transit, continues during the ordinary course of transit and terminates either ... on completion of unloading from the carrying vehicle or other conveyance in or at the final warehouse or place of storage at the destination named in the contract of insurance, ... on the expiry of 60 days after completion of discharge overside of the subject-matter insured from the oversea vessel at the final port of discharge, whichever shall first occur.","sources":[{"clause":"8.1","heading":null,"page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-8-1"},{"clause":"8.1.1","heading":null,"page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-8-1-1"},{"clause":"8.1.4","heading":null,"page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-8-1-4"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"In case of loss or damage, notify the insurer in reasonable time from the date of delivery of the consignment. For survey, immediate notice of the loss or damage should be given and a survey report obtained.","display":"Notify insurer in reasonable time from delivery; immediate notice for survey.","note":null,"quote":"In the event of loss or damage which may involve a claim under this insurance, immediate notice of such loss or damage should be given to and a Survey Report obtained from the Company's representative at port of discharge or destination or if there be no representative of the Company, the nearest Lloyd's Agent. ... In the event of loss or damage which may involve a claim under this insurance policy, notification should be given to insurers in reasonable time from date of delivery of consignment.","sources":[{"clause":null,"heading":"INSTRUCTIONS FOR SURVEY","page":64,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-instructions-for-survey"},{"clause":null,"heading":"CLAIM NOTIFICATION PROCEDURE","page":66,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-claim-notification-procedure"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Original Invoice","Original Goods Receipt","Bill of Lading/AWB/LR/RR/CN as applicable","Notice on Carrier","Acknowledgement receipt by carrier","Reply of transporter","Damage Certificate","Letter of Subrogation","Claim Bill","Claim form","Police First Information Report in case of hijack/Theft or Non-Delivery claims","Police final Report is required for hijack/Theft or Non-Delivery claims","Any other document relevant to particular claim as required by the Surveyor"],"display":"Original Invoice, Original Goods Receipt, Bill of Lading/AWB/LR/RR/CN, Notice on Carrier and other listed claim papers.","note":null,"quote":"Documentation for Claim Settlement: 1) Original Invoice\n2) Original Goods Receipt\n3) Bill of Lading/AWB/LR/RR/CN as applicable\n4) Notice on Carrier\n5) Acknowledgement receipt by carrier\n6) Reply of transporter\n7) Damage Certificate\n8) Letter of Subrogation\n9) Claim Bill\n10) Claim form\n11) Police First Information Report in case of hijack/Theft or Non-Delivery claims 12) Police final Report is required for hijack/Theft or Non-Delivery claims.\n13) Any other document relevant to particular claim as required by the Surveyor","sources":[{"clause":null,"heading":"CLAIM NOTIFICATION PROCEDURE","page":66,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-claim-notification-procedure"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["loss damage or expense attributable to wilful misconduct of the Assured","ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured","loss damage or expense caused by insufficiency or unsuitability of packing or preparation","loss damage or expense caused by inherent vice or nature of the subject-matter insured","loss damage or expense caused by delay","loss damage or expense caused by insolvency or financial default of the owners managers charterers or operators of the vessel","unseaworthiness of vessel or craft or unfitness of vessel or craft for the safe carriage of the subject-matter insured","war civil war revolution rebellion insurrection, or civil strife arising therefrom","caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions","any chemical, biological, bio-chemical, or electromagnetic weapon","loss or destruction or damage caused by pollution or contamination","loss, damage, liability or expense directly or indirectly caused by or contributed to by or arising from the use or operation, as a means for inflicting harm, of any computer"],"display":"Wilful misconduct, ordinary leakage/wear and tear, unsuitable packing, inherent vice, delay, insolvency/default of carrier, unseaworthiness/unfitness, war, strikes/riots/terrorism, nuclear/CBRN weapons, pollution/contamination and cyber attack exclusions.","note":"The applicable exclusions vary with the clause selected in the policy schedule; this list uses the main cargo and general exclusion wording.","quote":"loss damage or expense attributable to wilful misconduct of the Assured ... ordinary leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter insured ... loss damage or expense caused by insufficiency or unsuitability of packing or preparation of the subject matter insured to withstand the ordinary incidents of the insured transit ... loss damage or expense caused by inherent vice or nature of the subject-matter insured ... loss damage or expense caused by delay, even though the delay be caused by a risk insured against (except expenses payable under Clause 2 above) ... loss damage or expense caused by insolvency or financial default of the owners managers charterers or operators of the vessel ... unseaworthiness of vessel or craft or unfitness of vessel or craft for the safe carriage of the subject-matter insured ... war civil war revolution rebellion insurrection, or civil strife arising therefrom ... caused by strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions ... any chemical, biological, bio-chemical, or electromagnetic weapon. ... this Policy does not cover loss or destruction or damage caused by pollution or contamination ... loss, damage, liability or expense directly or indirectly caused by or contributed to by or arising from the use or operation, as a means for inflicting harm, of any computer","sources":[{"clause":"4.1","heading":null,"page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-4-1"},{"clause":"4.2","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-4-2"},{"clause":"4.3","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-4-3"},{"clause":"4.4","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-4-4"},{"clause":"4.5","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-4-5"},{"clause":"4.6","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-4-6"},{"clause":"5.1.1","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-5-1-1"},{"clause":"6.1","heading":null,"page":3,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-6-1"},{"clause":"7.1","heading":null,"page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-7-1"},{"clause":null,"heading":"INSTITUTE RADIOACTIVE CONTAMINATION, CHEMICAL, BIOLOGICAL, BIO-CHEMICAL AND ELECTROMAGNETIC WEAPONS EXCLUSION CLAUSE CL370 10/11/2003","page":56,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-institute-radioactive-contamination-chemical-bio"},{"clause":null,"heading":"POLLUTION & CONTAMINATION EXCLUSION CLAUSES","page":56,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-pollution-contamination-exclusion-clauses"},{"clause":null,"heading":"INSTITUTE CYBER ATTACK EXCLUSION CLAUSE CL380 10/11/03","page":57,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-institute-cyber-attack-exclusion-clause-cl380-10"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First contact the Company through its website, toll free number, email, courier to a branch/corporate office or the Branch Grievance Redressal Officer. If not satisfied, contact the Grievance Redressal Officer at gro@magmainsurance.com; if still not satisfied, the policy mentions IRDAI's Bima Bharosa portal before approaching the Insurance Ombudsman.","display":"Company channels or Branch GRO first; then Grievance Redressal Officer at gro@magmainsurance.com; then Bima Bharosa/Ombudsman route.","note":null,"quote":"In case of any grievance, the Insured Person may contact the Company through any of the following channels:\nWebsite: www.magmainsurance.com Toll free: 1800 266 3202 Email: customercare@magmainsurance.com Courier: Any of Our branch offices or corporate office during business hours The customer may also reach out to the Branch Grievance Redressal Officer (GRO)\nIf Insured Person is not satisfied with the redressal of grievance through one of the above methods, Insured Person may contact the grievance officer at:\nGrievance Redressal Officer at the address:\nMagma General Insurance Limited Equinox Business Park, Tower 3, 2nd Floor, Unit Number 1B & 2B, LBS Marg, Kurla (West), Mumbai – 400070, Maharashtra. E –mail: gro@magmainsurance.com\nIn case you are not satisfied with the resolution you may register complaint directly in of IRDAI's online portal - Bima Bharosa System- https://bimabharosa.irdai.gov.in/","sources":[{"clause":null,"heading":"Grievance Redressal Procedure","page":68,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-grievance-redressal-procedure"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["all risks of loss of or damage to the subject-matter insured","general average and salvage charges","liability incurred under any Both to Blame Collision Clause","fire or explosion","vessel or craft being stranded grounded sunk or capsized","overturning or derailment of land conveyance","collision or contact of vessel craft or conveyance with any external object other than water","discharge of cargo at a port of distress","earthquake volcanic eruption or lightning","general average sacrifice","jettison or washing overboard","entry of sea lake or river water into vessel craft hold conveyance container or place of storage","war civil war revolution rebellion insurrection, or civil strife arising therefrom","strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions","any act of terrorism"],"display":"All-risks cargo loss/damage, named transit perils, general average/salvage, Both to Blame Collision liability, war risks and strikes/terrorism where the relevant clauses apply.","note":"Only the clauses specified in the policy schedule or certificate apply.","quote":"Clauses specified in the Policy Schedule are applicable in Your Policy/Certificate of Insurance. ... This insurance covers all risks of loss of or damage to the subject-matter insured except as excluded by the provisions of Clauses 4, 5, 6 and 7 below. ... This insurance covers general average and salvage charges ... This insurance indemnifies the Assured, in respect of any risk insured herein, against liability incurred under any Both to Blame Collision Clause in the contract of carriage. ... fire or explosion 1.1.2 vessel or craft being stranded grounded sunk or capsized 1.1.3 overturning or derailment of land conveyance 1.1.4 collision or contact of vessel craft or conveyance with any external object other than water 1.1.5 discharge of cargo at a port of distress 1.1.6 earthquake volcanic eruption or lightning, 1.2 loss of or damage to the subject-matter insured caused by 1.2.1 general average sacrifice 1.2.2 jettison or washing overboard 1.2.3 entry of sea lake or river water into vessel craft hold conveyance container or place of storage ... war civil war revolution rebellion insurrection, or civil strife arising therefrom ... strikers, locked-out workmen, or persons taking part in labour disturbances, riots or civil commotions 1.2 any act of terrorism","sources":[{"clause":null,"heading":"COVERAGE AND CLAUSES","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-coverage-and-clauses"},{"clause":"1","heading":null,"page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-1"},{"clause":"2","heading":null,"page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-2"},{"clause":"3","heading":null,"page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-3"},{"clause":null,"heading":"Risks","page":7,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-risks-2"},{"clause":null,"heading":"Risks","page":17,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-risks-4"},{"clause":null,"heading":"Risks","page":22,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-risks-5"}],"law":[]},{"key":"deductible","label":"Deductible or excess","section":"Limits and co-pay","meaning":"Amount of each claim you bear.","status":"quote-verified","value":"For inland transit, where the consignment note limits carrier liability by special contract, is issued by a private carrier or is issued by a freight broker, the insurer's liability is limited to 75% of the assessed loss, unless a different percentage is specified in the schedule.","display":"75% of assessed loss payable in specified inland transit cases, or as specified in the Schedule.","note":"This warranty does not apply where loss or damage occurred while the goods are not in the custody of the carriers.","quote":"The liability of the insurer shall be limited to 75% of the assessed loss (or as Specified in the Schedule) where the consignment note is issued limiting the liability of the carriers in any respect by special contract duly signed by the consignor, consignee or by the duly authorized representative, agents or where the consignment note is issued by a private carrier (other than a vehicle belonging to the owner of goods) or freight broker.","sources":[{"clause":null,"heading":"LIMITATION OF LIABILITY (INLAND TRANSIT) CLAUSE","page":61,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-limitation-of-liability-inland-transit-clause"}],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"quote-verified","value":"Policy wording says the policy may be cancelled by either the Company or the Assured by giving 30 days' written notice. The prospectus says that if you cancel, proportionate premium for the unexpired policy period is refunded when the term is up to one year and no claim has been made; if the term is more than one year, premium for the unexpired policy period is refunded for policy years where risk coverage has not commenced.","display":"30 days' written notice; prospectus states pro-rata unexpired premium refund up to one year if no claim, and unexpired-period refund over one year where risk has not commenced.","note":"Refund wording is from the prospectus; the policy wording gives the cancellation notice requirement but does not state the Assured's refund formula.","quote":"This Policy may be cancelled by either the Company or the Assured giving 30 days notice in writing to take effect from the midnight of the date of notice ... If You cancel the policy, we will: ... Refund the proportionate premium for unexpired policy period, if the term of the policy is up to one year and there is no claim(s) made during the policy period. ... Refund the premium for the unexpired policy period, if the term of the policy is more than one year and the risk coverage for such policy years has not commenced.","sources":[{"clause":null,"heading":"CANCELLATION CLAUSE","page":61,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582#c-cancellation-clause"},{"clause":"13","heading":null,"page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12501#c-13"},{"clause":"13(a)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12501#c-13-a"},{"clause":"13(b)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12501#c-13-b"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"quote-verified","value":"The product covers overseas transits and domestic India rail or road transits; the prospectus also describes transits by sea, post or parcels, rail, road and air.","display":"Overseas transits and India-to-India rail/road transits; modes include sea, post/parcels, rail, road and air.","note":null,"quote":"This Policy covers physical loss or damage to insured goods during transits by (a) Sea (b) Post or parcels (c) Rail/Road/Air. ... All Overseas Transits are subject to Institute Cargo Clauses A,B &C given by Institute of London Underwriters. ... Goods (merchandise) dispatched by rail or road from any place in India to any place in India (not in conjunction with an overseas voyage) are subject to Inland Transit (Rail/Road) Clause A & B .","sources":[{"clause":null,"heading":"What does this Policy cover?","page":2,"url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12501#c-what-does-this-policy-cover"}],"law":[]},{"key":"transit_modes","label":"Transit modes","section":"Cover","meaning":"Sea, air, rail, road, courier.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"basis_of_valuation","label":"Basis of valuation","section":"Cover","meaning":"How goods are valued for a claim.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"sum_insured_basis","label":"Sum insured basis","section":"Cover","meaning":"How the cover amount is set: market value, reinstatement value, agreed value, IDV.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"under_insurance","label":"Under-insurance (average) clause","section":"Limits and co-pay","meaning":"If the sum insured is less than the real value, claims are cut in proportion.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Policy Wording - Marine Cargo Specific Voyage Policy (Commercial)","pages":72,"fetched_at":"2026-10-17 19:55:50+00","source_url":"https://www.magmainsurance.com/documents/5553002/5571165/Policy+Wording+-+Marine+Cargo+Specific+Voyage+Policy.pdf/e490822e-6e16-c2f4-e0b8-769216071cec?t=1789043210091","url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12582"},{"kind":"prospectus","label":"Prospectus - Marine Cargo Specific Voyage Policy (Commercial)","pages":4,"fetched_at":"2026-10-17 19:53:01+00","source_url":"https://www.magmainsurance.com/documents/5553002/5571165/Prospectus+-+Marine+Cargo+Specific+Voyage+Policy.pdf/17d6b565-609b-355f-63b7-d9203c67555e?t=1789043211835","url":"https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819/document/12501"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Magma General Insurance official website","url":"https://www.magmainsurance.com/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims","url":"https://www.magmainsurance.com/web/magmainsurance/claims","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.magmainsurance.com/grievance-redressal","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Renewal","url":"https://www.magmainsurance.com/renewal","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Specific Voyage - Commercial (UIN IRDAN149CP0010V01201819), IndiaInsurances, https://indiainsurances.com/policy/magma-general-insurance/specific-voyage-commercial-irdan149cp0010v01201819"}