https://www.taxtmi.com/news?id=72453 Approval has been given for creation of a domestic Bharat Maritime Insurance Pool backed by a sovereign guarantee to provide continuous maritime insurance cover for Indian flagged or controlled vessels, and for vessels destined to or starting from India. The pool is intended to reduce dependence on external insurance markets, address volatility and geopolitical disruption, and maintain insurance availability for maritime trade, including cargo movements between international origins and Indian ports and vice versa. It will cover major maritime risks, with policies issued by insurer members using combined underwriting capacity. en-us Mon, 20 Apr 2026 09:50:38 +0530 Mon, 20 Apr 2026 09:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72453 Approval has been given for creation of a domestic Bharat Maritime Insurance Pool backed by a sovereign guarantee to provide continuous maritime insurance cover for Indian flagged or controlled vessels, and for vessels destined to or starting from India. The pool is intended to reduce dependence on external insurance markets, address volatility and geopolitical disruption, and maintain insurance availability for maritime trade, including cargo movements between international origins and Indian ports and vice versa. It will cover major maritime risks, with policies issued by insurer members using combined underwriting capacity. News - Mon, 20 Apr 2026 09:50:38 +0530 https://www.taxtmi.com/news?id=72453