The Bharat Maritime Insurance Pool has issued over 3,000 cargo war policies since its May launch, providing domestic war-risk cover amid regional conflicts. Government-backed support of Rs 12,980 crore strengthens the facility as India seeks to reduce dependence on foreign insurers
Union Cabinet of India approved the ₹12,980 crore “Bharat Maritime Insurance Pool” to provide domestic marine insurance cover for Indian trade. The initiative aims to reduce dependence on foreign insurers, strengthen sovereignty, and ensure continuity amid global geopolitical risks
