India Launches $1.5 Billion Bharat Maritime Insurance Pool for Indian Ships

The Indian government has introduced the Bharat Maritime Insurance Pool, valued at $1.5 billion and backed by a $1.4 billion sovereign guarantee, to provide risk coverage for Indian vessels on international routes, including war zones.

12 May, 21:31 — 12 May, 21:31

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Times of IndiaMostly Factual111d ago

Insurance pool of Rs 13,000 crore for Indian ships

The Indian government has launched a $1.5 billion Bharat Maritime Insurance Pool, backed by a $1.4 billion sovereign guarantee, to offer risk cover for Indian vessels on international routes, including war zones. This initiative aims to reduce shipping insurance premiums and guarantee coverage even when global insurers withdraw due to rising risks.

By TNN

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India Launches $1.5 Billion Bharat Maritime Insurance Pool for Indian Ships

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Insurance pool of Rs 13,000 crore for Indian ships

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