• Marine Cargo Insurance

    Marine Cargo Insurance


Protect Your Marine Cargo

Insurance is an important protection for any business activities, especially the marine sector which is growing with globalization and increase in trade.

Marine Cargo Insurance protects your cargo during transportation from one place to another. It provides protection against damage to goods caused by fire, natural disasters, sinking and capsizing of the ship.

Our Marine Cargo Insurance helps to insure your goods against loss or damage during the voyage.

Protect Your Marine Cargo

Key Benefits

Insurance Coverage

. Insured goods are only covered for total loss.

. It covers loss of insured goods carried by a vessel which may be damaged by natural disasters, fire explosion, overturning and derailment, stranded, sunk, grounded, capsizing, collision between vessels and collision with external objects.

. The company is the liability for compensating for costs and labor costs due to safety measures in the event of a loss.

Sum Insured

. Cargo Value

Additional Coverage

. Port overdue fee 10% can be purchased on premium

Policy Term

. For Single Trip Only

Stamp Value

. Stamp value of 0.01% is applicable on the total sum assured

Premium Rates and Payment Terms (For Coastal)

Premium shall be paid as a lump sum.

Premium rates depend on the type of vessel, seasons and areas.

The premium will be calculated according to the following table below. (Percentage of total sum insured)


Premium Rates and Payment Terms (For Coastal)

Premium Rates and Payment Terms (For Streams and Inland Transit)

Premium shall be paid as a lump sum.

Premium rates depend on the type of vessel, seasons and areas.

The premium will be calculated according to the following table below. (Percentage of total sum insured)



Premium Rates and Payment Terms (For Streams and Inland Transit)
Why Work With EFI General?

Why Work With EFI General?

Life is a journey of uncertainties. Since 2018, we have made it our mission to people and businesses find the assurance they need. As a subsidiary of Excellent Fortune Development Group, a top multi-sector conglomerate with a presence in financial, real estate, mining, agricultural and industrial sectors, our capital base is strong. Our range of products provides protection to both individual consumers and commercial clients. Our solutions anticipate rather than react to changing trends and our teams are focused on establishing long-term relationships that are mutually beneficial. Helping clients stay ahead of risk and serving, as their partners in times of need is why EFI is here. Excellent Fortune General Insurance is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, Excellent Fortune General Insurance aims to become a leading Myanmar insurer that changes the way people feel about insurance.

Come journey with us!

Let us help Protecting You, Securing Your Future.

Let’s Protect Your Future with EFI General Together!

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Frequently Asked Questions

Which documents do we need for the application of Marine Cargo Insurance?

The information required for the application are:

. Name and address of the insured person

. Product values. Total sum insured

. List of products

. Goods to be transported, the quantity of goods

. Type of transport vessel

. Copy of vessel license, copies of shipping license and required documents requested by the company must be submitted.

The insured shall notify EFIG regarding the estimated departure date and arrival date of the goods.

What should we do if there are any changes before departure date?

Port overdue fee 10% can be purchased on premium. Moreover, you can contact EFIG Hotline No. 09 - 7777 8888 5 and respective sale person for details information.

How do I pay the premium?

The premium is one-time payment. The premium rates depend on the types of vessel, seasons and areas.

Apply This Insurance

You can get financial support and good savings habits when facing unforeseen circumstances by having life insurance coverage.

So apply now to protect your goods while receiving insurance protection.