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BMIP launches India's first sovereign-backed P&I insurance product
1 Aug 2026 6:51 PM ISTThe new cover offers protection of up to $1.5 billion against third-party liabilities, while the pool has already issued 1,608 war risk policies.
India launches Bharat Maritime Insurance Pool to boost trade security
13 May 2026 8:03 PM ISTBacked by a $1.4 billion sovereign guarantee, the $1.5 billion BMIP will insure Indian vessels and cargo, ensuring trade continuity amid global risks.
