Benefits of Time Marine Insurance Policy
September 5, 2024 ⚊ 1 Min read ⚊ Views 11 ⚊ BLOG
Insurance companies offer a Time policy for a fixed period. In India, according to regulations, the fixed time for time policy in marine insurance is 12 months. Marine insurance is arguably one of the oldest types of insurance in the world. There is even evidence of marine insurance dating back as far as 1792–1750 BC of the First Babylonian Empire. The dangers and perils of sea transport are a well-known and established fact, which has made marine insurance a requirement for centuries. One important type of Marine insurance is the Time Policy, which we will learn about in this article.
Tags: marine insurance, time marine policy, time policy
