India Extends Cargo Insurance Benefit Until March 2027 Amid Geopolitical Disruptions

Times of India · business

The Indian government has extended the cargo insurance benefit, offering up to 95% risk coverage for shipments, until March 2027. This extension is a direct response to ongoing geopolitical disruptions in West Asia and their significant impact on maritime logistics in the Gulf region. The initiative aims to provide continued support and stability for exporters facing international trade challenges. This measure underscores the government's commitment to facilitating exports despite global uncertainties.