The Bharat Maritime Insurance Pool (BMIP) aims mainly to:
- Acut reliance on foreign insurers for ships and cargo
- Binsure major ports against cyber attacks
- Cinsure fishermen against death or injury at sea
- Dgive crop insurance to farmers in coastal districts
Show answer and explanation
Correct answer: (a) cut reliance on foreign insurers for ships and cargo
Explanation
The BMIP is a pool of Indian insurers, backed by a government guarantee, to cover vessels and cargo at home rather than abroad.