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Updated: 8:58 am Apr 19, 2026

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Cabinet clears Rs 12,980 crore maritime insurance pool to cut costs

India is launching the Bharat Maritime Insurance Pool, backed by a substantial sovereign guarantee of over 12,980 crore. This strategic initiative aims to offer unwavering maritime insurance coverage for Indian vessels, encompassing all maritime risks and significantly decreasing dependency on international insurers.

19 Apr 2026 6:00 am

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