Govt approves Bharat Maritime Insurance Pool with sovereign guarantee of ₹12,980 crore

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Union Minister Ashwini Vaishnaw addressing the media connected  the Cabinet decisions astatine  the National Media Centre successful  New Delhi connected  April 18, 2026.

Union Minister Ashwini Vaishnaw addressing the media connected the Cabinet decisions astatine the National Media Centre successful New Delhi connected April 18, 2026. | Photo Credit: Sushil Kumar Verma

The authorities connected Saturday (April 18, 2026) approved a connection to make a home security pool, Bharat Maritime Insurance Pool (BMI pool), with a sovereign warrant of ₹12,980 crore to facilitate continuous maritime security coverage.

The excavation ensures that Indian commercialized continues to person entree to affordable security for vessels carrying cargo from immoderate planetary root to Indian ports and vice versa, adjacent erstwhile transiting volatile maritime corridors.

Published - April 18, 2026 03:47 p.m. IST

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