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India launches maritime insurance pool to shield ships from war and cargo risks
Business
Published on 12 May 2026
First beneficiaries are Indian firms set to gain coverage fast
India has launched a domestic maritime insurance pool to support its shipping and reduce dependence on foreign insurers. Vedanta Sterlite, Balrampur Sugar, and Hoger Offshore are among the first beneficiaries. The pool is designed to provide financial cover for war perils and cargo risks, strengthening India’s control over maritime trade.
- India’s new maritime insurance pool supports local shipping trade
- Early coverage beneficiaries include major Indian firms
- The pool reduces reliance on foreign insurers
- It offers protection for war perils and cargo risks
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times