Why was the Bharat Maritime Insurance Pool created?

To keep Indian trade insured if foreign cover is withdrawn over sanctions or conflictCorrect answerYour answerTo insure fishermen's boats against cyclonesCorrect answerYour answerTo replace the Life Insurance CorporationCorrect answerYour answerTo fund new shipbuilding yardsCorrect answerYour answer

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CorrectNot quiteAnswer A

Correct answer: A

The pool gives domestic cover so trade continues if international insurers withdraw under sanctions or geopolitical tension.
It covers hull and machinery, cargo, P&I and war risk.

Concept: Purpose of the maritime insurance pool
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Why was the Bharat Maritime Insurance Pool created?

Explanation