Summary
The shield helps protect boats from storms and bad pirates 🏴☠️
It also helps fix ships if they get hurt
Lots of Indian companies are working together to keep trade safe
Key Points
4 points1
The safety shield is called the Bharat Maritime Insurance Pool
2
It can help pay for big ship problems up to many millions of rupees
3
India's government promises extra money if the shield runs out
4
More than 3,000 ship plans have already gotten help from the shield
New Words to Learn
5 wordsinsurance
money help you get when something bad happens
pirates
people who try to steal things from ships at sea
underwriting
deciding how much money to keep for helping ship problems
reinsurance
extra backup money from other helpers
sovereign
the country’s own government
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