Provides Hull and Machinery, Cargo War, Protection and Indemnity, and War‑risk coverage.
Has an underwriting capacity of about 13,906.50 crore Indian rupees (roughly 1.5 billion United States dollars).
Government guarantee of 12,980 crore Indian rupees supports the pool for very large claims.
Since September 2026, issued 3,000 Cargo War policies, 92 Hull War‑risk policies, and several Protection and Indemnity policies.
Backed by the Indian government’s guarantee, the pool can cover very large claims and has already issued thousands of policies, lowering insurance costs for the shipping industry.
The initiative aims to reduce reliance on foreign insurers and could become a regional hub for maritime insurance in the Indian Ocean.
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