FinMin launches Protection & Indemnity Insurance product under Bharat Maritime Insurance Pool
The Department of Financial Services under the Ministry of Finance on Thursday (July 30, 2026) launched India’s first sovereign-backed Protection and Indemnity insurance product under Bharat Maritime Insurance Pool (BMIP), designed by the New India Assurance Company. On this occasion, Financial Services Secretary Sanjay Lohia handed over the first Protection & Indemnity (P&I) insurance policy…