The pool covers all maritime risks such as hull and machinery, cargo and war risks for Indian flagged or controlled vessels or vessels destined to or starting from India.

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

India's $1.5 billion Bharat Maritime Insurance Pool (BMIP), backed by a $1.4 billion sovereign guarantee, aims to insure ...

India currently owns just over 1,500 ships, barely 1.2 per cent of the global shipping fleet, despite being one of the ...

The Bharat Maritime Insurance Pool aims to ensure uninterrupted maritime insurance cover for Indian-linked vessels and cargo.

India has launched the Bharat Maritime Insurance Pool (BMIP), a $1.5 billion government-backed maritime insurance mechanism ...

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 ...

General Insurance Corporation of India (GIC Re) on Wednesday said it has been appointed by the Government of India as the ...