Enhanced Insurance Cover for Exports to West Asia

20-Mar-2026 03:39 PM

New Delhi: The Central Government has announced the launch of a scheme, backed by an outlay of ₹497 crore, to provide enhanced insurance cover to exporters shipping goods to West Asia.

It is noteworthy that the status of export shipments to West Asia, the Middle East, and the Gulf region has become uncertain due to the conflict between Iran and Israel.

According to official sources, under this scheme—titled "The Resilience and Logistics Intervention for Export Facilitation"—insurance cover will be provided for consignments for which the Bill of Lading was issued between February 14 and March 15.

It is mandatory that the export shipment of these goods takes place within the next three months. The scheme will cover small and medium-scale exporters who are unable to afford insurance coverage on their own.

This insurance cover will be applicable to shipments destined for countries such as Saudi Arabia, the United Arab Emirates (UAE), Kuwait, Qatar, Oman, Bahrain, Iraq, Iran, Israel, and Yemen—regions where exporting is currently facing difficulties.