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India to Launch Its First Homegrown Marine Insurer — “India Club”

In a landmark move for India’s maritime sector, the Indian government is setting up its first Protection and Indemnity (P&I) insurance entity, named India Club. This initiative marks a significant step toward strengthening the country’s maritime self-reliance and reducing dependence on foreign insurance providers.

What is India Club?

India Club will serve as a domestic third-party liability insurer for ships operating in India’s coastal waters and inland waterways. The plan was disclosed by Shipping Secretary T.K. Ramachandran, who emphasized the urgent need for an Indian insurer that can support fleet owners navigating regulatory complexities and geopolitical constraints.

Key Highlights:

Why This Matters

The creation of India Club is not just an insurance play — it’s a strategic move to enhance maritime sovereignty, protect domestic fleet operators, and make India more resilient in global trade logistics.
Stay tuned for updates as this transformative initiative navigates through its next stages.
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