
Bharat Maritime Insurance Pool (BMIP), 2026
India's maritime sector plays a vital role in the country's international trade, with the majority of its cargo and energy supplies transported through sea routes. As maritime trade expands, ensuring uninterrupted shipping operations has become increasingly important for India's economic stability and energy security. However, India's dependence on foreign insurance providers, particularly for Protection and Indemnity (P&I) coverage, has exposed its maritime sector to external vulnerabilities.






