In response to the volatile geopolitical climate in West Asia, the Indian government is finalizing a ₹1,000 crore “War-Risk Insurance Fund.” This initiative is designed to provide a financial safety net for Indian shipping vessels operating in high-risk zones where global reinsurers have either hiked premiums to unsustainable levels or withdrawn coverage entirely. Unlike standard insurance, this fund will specifically cover hull and cargo risks tied to regional conflicts. This strategic move ensures that India’s vital energy and commodity trade flows remain uninterrupted, protecting domestic exporters from the financial shock of sudden maritime disruptions.