Open Policy
A formal insurance policy that provides ongoing protection for all shipments within a defined limit and period — similar to Open Cover but issued as a policy with set limits and automatic coverage.
Sales Turnover Policy (STOP)
STOP is a marine-cum-storage insurance product that covers all movement and incidental storage of goods, based on a company's annual sales turnover instead of specific transits.
Specific Transit Policy
Also known as a Single Transit Policy, this covers one-time movement of goods from a specific origin to a specific destination — within India or internationally.