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Government clears Bharat Maritime Insurance Pool with ₹12,980 crore sovereign backing

Mumbai, April 19, 2026: The Union Cabinet has approved the creation of the Bharat Maritime Insurance Pool with a sovereign guarantee of ₹12,980 crore, marking a major step to strengthen India’s maritime trade security and insurance framework amid rising global uncertainties. The new mechanism is designed to provide uninterrupted insurance coverage for Indian-flagged, Indian-controlled, and […]

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