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Cash In Transit Insurance

Protect cash from unforeseen accidents while transporting
from one place to another

Home > Commercial Insurance > Cash In Transit Insurance

Cash in Transit Insurance

Protect cash from unforeseen accidents while transporting from one place to another.

Cash in transit insurance indemnifies the insured against loss of money whilst in transit between the insured’s premises.

Provide Lump Sum benefits for loss of cash during a transit

Anyone who can show valid business license and proof of cash transit

Premium Rating

0.027% to 0.09% on sum insured.

Premium Payment

Premium must be paid by lump sum.

Policy Term

Valid from departure time to arrival time at destination.

1. What documents are needed to take cash in transit insurance? 

Ans:  i. Proposal

ii. Name, Copy of NRC and employee card of the persons who handle cash

iii. Owner book and wheel tax of carry vehicle

2. How much is the premium rate for one year in cash in transit Insurance?

Within 10 miles0.027 %
Within 10 - 15 miles0.054 %
Within 15 - 20 miles0.081 %
Over 20 miles0.090 %

(Premium rate will be reduced to 0.01 % if armed guards are present while carrying.)

3. What are the coverages for Cash in Transit Insurance?

Ans: Cash in Transit Insurance covers only for loss of cash due to theft or robbery during a transit.

4. What are the non-coverages for Cash in Transit Insurance?

Ans: Cash in Transit Insurance does not cover losses because of transporting to war zone and riot places.

5. How long does the policy cover in cash in transit insurance?

Ans: The policy covers only one trip.

Cash in transit insurance indemnifies the insured against loss of money whilst in transit.

Provide Lump Sum benefits for loss of cash during a transit

Anyone who can show valid business license and proof of cash transit

Premium Rating

0.027% to 0.09% on sum insured.

Premium Payment

Premium must be paid by lump sum.

Policy Term

• Valid from departure time to arrival time at destination.

1. What documents are needed to take cash in transit insurance? 

Ans:  i. Proposal

ii. Name, Copy of NRC and employee card of the persons who handle cash

iii. Owner book and wheel tax of carry vehicle

2. How much is the premium rate for one year in cash in transit Insurance?

Within 10 miles0.027 %
Within 10 – 15 miles0.054 %
Within 15 – 20 miles0.081 %
Over 20 miles0.090 %

(Premium rate will be reduced to 0.01 % if armed guards are present while carrying.)

3. What are the coverages for Cash in Transit Insurance?

Ans: Cash in Transit Insurance covers only for loss of cash due to theft or robbery during a transit.

4. What are the non-coverages for Cash in Transit Insurance?

Ans: Cash in Transit Insurance does not cover losses because of transporting to war zone and riot places.

5. How long does the policy cover in cash in transit insurance?

Ans: The policy covers only one trip.

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