The approval comes as geopolitical instability increases exposure to losses involving vessels and cargo.

In less than a fortnight of its announcement, private insurers have already committed Rs 1,100 crore to the pool; plans are ...

With global shipping routes disrupted due to the West Asia conflict, the Centre Saturday announced the creation of a domestic insurance pool, Bharat Maritime Insurance Pool, with a sovereign guarantee ...

Union Cabinet has approved a Rs 12,980 crore Bharat Maritime Insurance Pool to ensure uninterrupted insurance cover for Indian shipping amid rising global risks. The move aims to safeguard trade ...

The coverage applies not only to Indian-flagged or controlled vessels but also to foreign ships carrying Indian cargo to or from Indian ports. (Reuters) The government on Saturday took a decisive step ...