#BMIPool

India approves ₹12,980 crore maritime insurance pool to cut risk State-backed pool to cover war and cargo risks, ensuring stable trade flows amid global disruptions and rising premiums

The Union Cabinet has approved the creation of a domestic maritime insurance pool with a sovereign guarantee of ₹12,980 crore to protect India’s maritime trade from global volatility and reduce reliance on foreign insurers.

#BMIPool #BharatMaritimeInsurancePool #MaritimeInsurance #shipping #india