The Indian Union Cabinet has cleared the establishment of a domestic maritime insurance arrangement, the Bharat Maritime ...

India's shipping sector has long depended on global insurance markets to keep goods moving across oceans. But recent ...

Indian government approves sovereign backed maritime insurance pool to cut reliance on overseas cover, stabilise war risk ...

India has approved a ₹129.8 billion guarantee-backed Bharat Maritime Insurance Pool to protect ships and cargo from war, ...

Bharat Maritime Insurance Pool (BMI Pool) gets ₹12,980 crore sovereign backing to ensure affordable maritime insurance, even ...

The decision will help lower costs for Indian vessels as global underwriters have hiked risk-mitigation charges to historic ...

To counter soaring premiums amid the West Asia crisis, the Indian Cabinet has approved a $1.4 billion sovereign guarantee for ...

The scheme will cover hull cargo liability and war risks for Indian linked vessels. India has approved the creation of a ...

This sovereign cushion gives BMI a unique edge in periods of crisis, when global insurers may either hike premiums sharply or ...

With global shipping routes disrupted due to the West Asia conflict, the Centre Saturday announced the creation of a domestic ...