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<p>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 routes and reduce dependence on foreign insurers during geopolitical tensions like the Hormuz crisis.</p>


Good news for shipping sector: Cabinet clears Rs 12,980 crore maritime insurance pool amid Hormuz tensions

bharat-maritime-insurance-pool

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 routes and reduce dependence on foreign insurers during geopolitical tensions like the Hormuz crisis.

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Bharat Maritime Insurance Pool

Good news for shipping sector: Cabinet clears Rs 12,980 crore maritime insurance pool amid Hormuz tensions

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