The Impact of Covid-19 on Transit Insurance among Banking Industry

This study investigated the transit insurance industry by studying about the SBI Marine Insurance Policies drafted paper for reproducing effect of the transit insurance among State Bank of India Marine Insurance Policies during covid-19. This paper based on informative method to estimate the impact of transit insurance among Public Sector Bank. During covid19 the trend was reducing profits this leads to recession but more claims. Industries faced losses because no events, travel was very less. Determined normalisation of commercial signal from January 2021. Through online service during pandemic situation worked from their home, training was given to develop the staff to perform their job by following standard operating procedures, supplement the cyber security arrangements, and shorten claims/premium handling through online payment services. It is need for association of the Ministry of Health, Banking Sector, Police Department, Customs Excise and Preventive Service, other relevant Ministries and the international community to lay the pandemic to a cease.