Credit insurance protects the companies against customer defaults.
Credit Insurance
The policy to protect your company against customer defaults
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Online Credit Insurance Policy
It covers the risk of loss due to the insolvency of their customers.
Export Credit insurance covers Commercial and Political Risks.
It covers Protracted Default or Delayed Payment by the debtors.
The premium is calculated as a rate % on the amount of insured turnover.
Covers import license cancellation.
Covers protracted default on state-owned entities
Trade disputes are not covered.
We at IFFCO-Tokio General Insurance Company Ltd. in cooperation with Coface, which is global leader in credit management services and credit insurance, are able to provide the credit insurance services to the clients. The risk covers are as follows:
Export Credit insurance covers:
- Commercial Risks.
- Political Risks.
Major Exclusions
- Trade disputes.
- Non-Acceptance of goods.
- Devaluation or Depreciation of currencies.
- Protracted Default or Delayed Payment by the debtors.
- Insolvency.
- Trade disputes.
- Non-Acceptance of goods.