4+ hour, 42+ min ago  (472+ words) The government on Tuesday launched a $1. 5 billion Bharat Maritime Insurance Pool (BMIP) with a sovereign guarantee of $1. 4 billion to facilitate continuous maritime insurance coverage amid the war in West Asia, Union finance ministry said in a statement. The pool covers…...

3+ week, 2+ day ago  (350+ words) The Union Cabinet meeting, chaired by Prime Minister Narendra Modi, on Saturday approved the creation of a sovereign guarantee-backed maritime insurance pool, Bharat Maritime Insurance Pool (BMI), worth "12, 980 crore amid rising underwriting costs due to the West Asia war, a…...

1+ mon, 1+ week ago  (313+ words) | Business News'Hindustan Times Insurance and reinsurance premium volumes at Gujarat International Finance Tec-City (GIFT City) have grown from $102 million in 2020 to over $1. 2 billion in 2025, according to an official statement by GIFT City Company Ltd on Thursday. This marks an over…...

1+ mon, 3+ week ago  (364+ words) Effective 1st April 2026, the DICGC will implement the Risk Based Premium (RBP) framework, which will differentiate banks that manage risks better. The RBP framework provides for differential premium rates for different categories of banks that pay the deposit insurance premium. The…...