Credit Insurance Services

This policy is designed for companies that sell their goods and/or services on credit to domestic/overseas buyers. It provides coverage to companies for outstanding receivables that are within approved credit terms, thereby protecting the insured against non-payment risk by its buyers. The policy covers loss due to commercial risks and political risks.Standard Exclusions: Non-payment arising due to trade disputes Nuclear risks Sales contracts where payment is received in advance Sales under irrevocable and confirmed Letter of Credit Willful defaulters