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Bharat Maritime Insurance Pool
April 20 , 2026
15 hrs 0 min
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- The Government of India has approved the Bharat Maritime Insurance Pool with ₹12,980 crore guarantee.
- It will provide insurance to ships for risks like damage, cargo loss, and war.
- The scheme was needed due to rising risks and high insurance costs in global shipping.
- It will cover Indian ships and ships linked to India for safe trade.
- The scheme will run for 10 years and can be extended to 15 years.
- It will reduce dependence on foreign insurers and improve maritime safety.
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