How much is the Credit Limit?
The credit limit is the maximum exposure (outstanding debt) of the insured against that particular buyer at any given point of time.
Up to 80% of the insured debt, for both commercial as well as political risks.
Details about Claims
Unlike other insurances, there is a waiting period of 5 months in this policy. The policyholder has the option to grant extensions to the debtor for payment within the maximum credit period specified in the policy without paying any additional charge and without prior approval.