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      Question

      The Bharat Maritime Insurance Pool provides coverage for how many years initially, extendable up to how many years?

      A 5 years, extendable up to 10 years Correct Answer Incorrect Answer
      B 8 years, extendable up to 12 years Correct Answer Incorrect Answer
      C 10 years, extendable up to 15 years Correct Answer Incorrect Answer
      D 12 years, extendable up to 18 years Correct Answer Incorrect Answer
      E 15 years, extendable up to 20 years Correct Answer Incorrect Answer

      Solution

      The Bharat Maritime Insurance Pool ensures continuous insurance coverage for 10 years, extendable up to 15 years, maintaining long-term reliability of coverage. It provides a combined underwriting capacity of approximately Rs. 950 crore through pool member insurers under a pooled mechanism.

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