Symbo Insurance

SYMBO launches Shoe Insurance in collaboration with leading footwear retailer, RedTape

SYMBO has launched shoe insurance in collaboration with RedTape SYMBO has collaborated with RedTape, one of India’s leading footwear manufacturer and leader to provide shoe insurance. Keeping in line with SYMBO’s ethos of partnering with businesses to provide byte-sized need-based insurance products whose utility can be felt in real-time. The collaboration between SYMBO and RedTape …

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SYMBO helps India’s biggest eyewear retailer & unicorn club member Lenskart to insure over 1M spectacles

With the rise in Insurtech solutions, SYMBO emerged as an undisputed forerunner The insurance landscape has changed more than ever. Traditional insurance products such as life and health insurance cover future risks and they are not felt in real-time. The advent of the gig economy and millennials looking for instant gratification rather than long term …

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marine ship on the sea

Relevance of Marine Insurance to Vessel Owners

All vessel owners need protection from potential threats above and beneath the ocean surface. The vessels engaged in transporting the goods are expensive. In case they are damaged, the owners would incur heavy financial losses.   A Hull Insurance policy covers the vessel and its equipment i.e. furniture and fittings, machinery, tools, fuel, etc.   A …

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How is Marine insurance premium calculated (1)

Factors Involved in Calculating Marine Insurance premium

The premium of a marine insurance plan depends on the following factors The nature and value of the goods which are being transported Applicable freight incurred for transportation Any inherent risk in the goods The route being taken for the voyage The type of vessel used for transportation and its construction The destination of the …

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symbo marine insurance

Relevance of Marine insurance for Businesses

Businesses involved in transporting goods internationally or within the country need a marine insurance policy to Safeguard the financial loss which is incurred when the goods are damaged or destroyed during transit Maintain the profitability of the company Protect the business from sudden financial setbacks Why should business owners buy a marine Insurance policy? Carriers, …

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