State owned New India Assurance launches insurance cover for coastal and inland vessels

Hellenic Shipping News. 2 June. 2 minute read.
India’s public-sector general insurance company New India Assurance (NIA) has launched a protection and indemnity (P&I) cover for the inland and coastal vessels. NIA will cover vessels in Indian waters including dry cargo, tugs barges among others. This is the first time that any Indian insurance player has forayed into the segment dominated by international players.
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