Shipment & Coverage Details
Currency
🇮🇳 INR
🇺🇸 USD
🇪🇺 EUR
🇬🇧 GBP
🇦🇪 AED
Cargo / Invoice Value Total declared value of goods
INR
₹
Freight Charges Shipping cost (optional)
INR
₹
Cargo Type — sets the insurance rate
📦 General Goods
💻 Electronics
🫙 Fragile
🌿 Perishables
⚙️ Machinery
🧵 Textiles
Coverage & Premium Rate
Coverage Percentage ICC standard: 110%
%
Insurance Rate Auto-set by cargo type
%
GST on Premium 18% applicable in India
Total Insurance Cost
₹
0
Enter your cargo value and select a cargo type to calculate your insurance premium.
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Understanding Export Insurance
Everything Indian exporters need to know about protecting their shipments.
01
Why 110% Coverage?
The ICC (International Chamber of Commerce) standard recommends insuring at 110% of the CIF value (Cost + Insurance + Freight). The extra 10% covers your expected profit and any ancillary costs in case of a total loss. Always insure at least at invoice value.
02
What Determines the Rate?
Premium rates vary by cargo type (electronics and fragile goods carry higher risk), destination, mode of transport (sea vs air), and type of cover (All Risk vs Named Perils). Rates typically range from 0.10% for low-risk general goods to 1.5% for fragile or high-value items.
03
GST & Compliance
18% GST is levied on marine cargo insurance premiums purchased in India. This is an input tax credit (ITC) eligible cost for GST-registered exporters, so it can be claimed back. Always retain your insurance certificate — it is required for BRC and export incentive claims.
