Trade Credit Insurance
Protect your business against the risk of non-payment and insolvency of trade receivables, covering both commercial risks and political risks (for your export transactions only).
Key features

Business coverage
Protect your business from risks arising out of account receivables of trading.
Plan highlights

Protect your business from the risks on:
- Non-payment
- Accounts receivable insolvency from commercial risk, and
- Political risk (for exports only).

Exceptions:
- Cash transactions / sales under Letter of Credit (safe terms)
- Future shipment of any overdue account, past the maximum extension period (MEP)
- Inter-Company Sales
- Disputed invoices until the dispute is resolved.
- Shipment to buyer on overdue account, plus MEP on start date (Default Status)
- Currency Exchange Rate Fluctuations
Plan details
- Cash transactions / sales under Letters of Credit (secure terms)
- Future shipments on any account past due beyond the Maximum Extension Period (MEP)
- Shipments to buyers whose accounts were overdue beyond the advertised MEP as of the start date (Default Status), regardless of whether a limit has been 4. issued for the buyer
- Intercompany sales
- Disputed invoices until the dispute is resolved
- Others as specified in the terms of the Policy
