-LUDHIANA – Policy bazaar for Business (PBFB), the corporate arm of one of India’s largest insurance marketplace, has introduced Enroute, a platform designed to simplify marine and transit insurance operations. The issuance of certifications and declarations, a process that was traditionally time-consuming, can now be completed in just a few clicks. The platform empowers businesses to efficiently handle their domestic and international trade requirements.
Policy bazaar for Business offers comprehensive marine insurance solutions covering inland transit, import and export shipments, annual marine policies, single transit covers, and tailored solutions for diverse industries such as manufacturing, retail, logistics, and e-commerce. These offerings are critical for businesses as marine and transit insurance protects goods against risks like damage, theft, loss, or accidents during transportation-risks that can significantly impact cash flows and business continuity if left uninsured.
To avoid claim denials, companies and businesses must submit monthly declarations for domestic policies. They are also required to provide transit-specific insurance certificates for import and export shipments under annual marine and transit insurance policies. The manual execution of these formalities would often be cumbersome for the customer. PBFB simplifies this process with an easy-to-use platform that reduces administrative workload, enhances accuracy and ensures smoother compliance.
“Marine and transit insurance customers often faced operational hurdles due to fragmented platforms and complicated modes of declaration. The new platform is designed to benefit the customers by streamlining the entire process. They enjoy a seamless and hassle-free experience through the portal that provides clear, simplified and easily accessible information about their current policy. Businesses can now declare transits, generate insurance certificates and increase the sum insured seamlessly,” says Sajja Praveen Chowdary, Head, Policybazaar for Business.
