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The Economic Times

FinMin launches Protection & Indemnity Insurance product under Bharat Maritime Insurance Pool

Insurance India Financial Services CMD The department of financial services

New Delhi: The Department of Financial Services under the Ministry of Finance on Thursday 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 document to Shipping Corporation of India Ltd.

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