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Ideal Policy as a gift to Grand Children – Invest with SD This Question is raised by most of the Grand parents to me. Being a Grand Parent and leading a relaxed & retired life, often they wanted to do some thing for their Grand Children. For their entire life, they have struggled hard and did every possible thing for their children, now its the turn of the...

There is a group of 100 Blind people who are really struggling hard with their life, but they they are not dependant on any one for their lively hoods.

they are working... They are being helped by some companies with CSR or their connects to secure jobs. Some companies come forward to help them become entrepreneurs...

is there any product with General Insurance Companies for these people on group or individual basis... with a very minimum amount... PA or Hospicash ... which I thought.... but wondering...if any Insurance company is giving such products... I discussed with few, but no takers so far....

A THOUGHT FOR EVERY ONE TO HELP THESE PEOPLE...

🚢 Marine Cargo Insurance Case Study: When Moisture Damage Leads to Claim Rejection

A shipment of grass mats was transported from Hong Kong to Long Beach, USA.

At the port of discharge, the consignee found part of the cargo wet and unsellable.

📌 What was the claim?

The cargo owner stated that:
👉 Damage was caused due to moisture and seawater ingress during transit
👉 Filed a claim under marine cargo insurance

🔍 Survey Findings:

An independent survey revealed:

* ❌ No container leakage
* ❌ No structural damage to container
* ✔ Damage caused by **container sweat (condensation)**
* ✔ Cargo had **moisture residue before shipment**
* ✔ Lack of proper drying & ventilation

❌ Claim Outcome: Rejected

The insurer denied the claim stating:
👉 Loss was due to Inherent Vice (natural property of goods)
👉 Not caused by external insured perils

💰 Financial Impact:

* Cargo Value: $1,000,000
* Claim Settled: $30,000 (partial)

💡 Key Learning:

Not all damage during transit is insurable.

👉 Poor packaging & pre-shipment condition can void claims
👉 “Inherent Vice” is a **major exclusion** in marine cargo insurance

This case highlights that risk starts before loading not during transit.

In shipping,
✔ Packaging
✔ Moisture control
✔ Cargo preparation

are just as critical as insurance coverage.

A business suffered a major fire loss.

The damage ran into over ₹1 crore.
The policy was active.
The claim was filed.

Still, it was rejected.

In this case, the issue was not the fire.

It was the details behind the policy.

It was found that:

• the actual use of the premises differed from what was declared
• the risk profile had changed but was not updated
• certain policy conditions were not followed

From the business perspective, the loss was real.But from the insurer’s perspective, the contract told a different story.Insurance decisions are not based only on what happened at the time of loss.

They are based on:

• what was disclosed at the beginning
• how accurately the risk was represented
• whether the policy terms were followed throughout

The number may be large.

But in insurance, the outcome is decided by the details.

SD INSURANCE & INVEST WITH SD wishes you a Happy Diwali.

SD INSURANCE & INVEST WITH SD wishes you a Happy Diwali

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