Marine Insurance
product.information
Description
Why Marine Insurance?
Domestic and international transportation of goods, especially by sea, land, or air, is always exposed to risks such as theft, physical damage, accidents, and natural disasters.
Melli Insurance Company’s marine insurance offers a range of flexible and diverse plans to ensure your shipments reach their destination in complete safety. We provide specialized and reliable insurance policies tailored to your type of goods, shipping method, and business activity so you can trade with peace of mind.
توضیحات تخصصی محصول
Types of Marine Insurance Policies
Marine insurance is offered in four general types, each providing different levels of coverage for your shipments:
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“All Risks” Insurance Policy
This type of policy offers the most comprehensive coverage and insures against damages such as:
- Total or partial theft of goods
- Damage caused during loading and unloading
- Carrier vehicle accidents
- Physical damage to goods during transit
-
“With Average” Insurance Policy
This policy provides limited coverage and only insures against certain specific incidents such as:
- Vehicle accidents
- Overturning
- Fire during transportation
are covered under this policy.
-
“Free of Particular Average” Insurance Policy
This type only compensates for very limited and minor damages. For example:
- Minor and small damages to goods
- Seawater ingress into goods is not covered
-
Coverage for Special and Political Risks
This section can be added to the policy separately at the request of the insuree and covers things such as:
- Terrorist acts
- Riots, disturbances, and strikes
are covered under this section.
Required Documents for Policy Issuance
To issue a marine insurance policy, depending on the type of transport and goods, the following documents are needed:
- Completed insurance proposal form
- Goods invoice
- Packing specifications
- Route and type of transport vehicle
- Goods value and desired level of coverage
- Bill of lading or shipping documents
Why Melli Insurance Company’s Marine Insurance?
- Offering various plans tailored to every business’s needs
- Choice of insurance coverage level based on your budget
- Quick and reliable compensation for damages
- Professional support from shipment dispatch to final delivery
Conclusion
With Melli Insurance Company’s marine insurance, your goods are protected against all kinds of risks during land, sea, and air transportation. By choosing the right level of coverage, you can continue your business and commercial activities with complete peace of mind.
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National Insurance Company
- Iraq, Baghdad, Rusafa District, Al-Khilani Square, Al-Jumhuriya Street, National Insurance Company
National Insurance Company
The National Insurance Company is a completely state-owned entity with financial and administrative independence.
Established in 1950 under Law No. 56, the National Insurance Company transformed its structure and operational framework in 1997, as per Law No. 22. It is now considered one of the largest insurance companies in the Arab world. According to Cabinet Resolution No. 481, the company's capital in 2021 totaled 60 billion Iraqi dinars.
The National Insurance Company offers a wide range of products in insurance, reinsurance, and investment, alongside providing professional advisory services in diverse areas, including life insurance, marine and aviation insurance, engineering and agricultural insurance, motor insurance, fire and accident insurance, and marine insurance, to its clients.
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Our Vision:
To promote a sound insurance culture in society, increase public awareness about the importance of insurance in reducing the social problems caused by accidents and risks, and support policyholders in restoring their economic and health status to pre-incident levels. -
Our Mission:
As a leading company in the Iraqi insurance industry, we are committed to maintaining the stability and security of the national economy by providing assurance and security to investors and businesses, thereby strengthening the job market and accelerating the country's economic growth. -
Our Goals:
To contribute to sustainable economic development through extensive insurance services, purposeful production, and investment activities. By providing comprehensive insurance coverage, we protect individuals, assets, and national wealth, thus supporting the sustainability and growth of the country's economy.
Our Activities
- General insurance including marine, fire and accident, motor, agricultural, and engineering insurance
- Life insurance
- Professional insurance consultancy services
- Investments in real estate, deposits, stocks, and real estate-related loans
Partnerships
The National Insurance Company actively collaborates with 42 local companies and several reputable regional companies, including Bahrain National Holding Company, Arab Reinsurance Company in Beirut, Arab Insurance Institute in Damascus, and the Arab War Risks Insurance Syndicate in Bahrain.
Investments
The company's investments include real estate, deposits, and money transfers, as well as participation in the capital of mixed and private Iraqi and Arab companies, and the granting of real estate-related loans.
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