With more than 80 marine war-risk policies issued since its May launch, India is advancing plans to build a domestic protection and indemnity (P&I) framework.
Three policies have been issued to Hoger Offshore and Marine, Vedanta Sterlite Copper and Balrampur Chini Mills, indicating early uptake by industrial and shipping‑linked corporates.
The state-run insurer is targeting five calamity-hit provinces, offering short-term liquidity to communities affected by floods, landslides, Typhoon Basyang, and El Niño.
