FinMin launches Protection & Indemnity Insurance product under Bharat Maritime Insurance Pool

The Indian government has launched a new insurance product called Protection & Indemnity Insurance, which is designed to protect ship owners and operators from potential losses and liabilities. This product is part of the Bharat Maritime Insurance Pool, a government initiative to provide affordable insurance options to the maritime industry. The launch of this insurance product is significant for the Indian economy as it aims to boost the shipping sector and make it more secure and stable.

Read the source report: The Hindu