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In our previous article we talked about importance of life insurance for seafarers. Life insurance policies are long term commitment thus seafarers have to make sure that they buy what they need and what they can afford.  Making sure the premiums are affordable is very important as you would not want your insurance policy to lapse or be terminated if ...

It is mandatory under Maritime Labor Convention (MLC 2006) that ship owners provide compulsory insurance to cover abandonment of seafarers as well as claims for death or long-term disability.  Although this will provide better protection for seafarers and their families it is still important that seafarers buy their own life insurance as after their contract expires the seafarer must have ...