Bharat Maritime Insurance Pool
The Bharat Maritime Insurance Pool is a collaborative initiative. It aims to provide insurance coverage for the maritime sector in India. This pool helps mitigate risks associated with shipping and marine activities. It enhances the stability of maritime insurance. The initiative supports the growth of India's maritime economy. It also promotes safer shipping practices across the nation.
India has approved the Bharat Maritime Insurance Pool (BMIP) with a corpus of ₹12,980 crore to provide comprehensive insurance cover for the maritime sector. The initiative aims to...
April 18, 2026