Credit Insurance is an insurance policy that covers non-payment resulting from the delivery of goods or services due to commercial and/or politics risks. The insurance is purchased by business entities to insure their accounts receivable from losses due to the insolvency of the overseas buyer. EXIM Bank’s credit insurance products over your non-payment against the following risks : Commercial Risk - up to 90% Political & Country Risk – up to 95% Insolvency of your Buyer or Issuing Bank Payment default by your Buyer or Issuing Bank Non-Acceptance of goods Transfer risk Occurrence of war, revolution and civil disorder Default by public buyer (government owned) EXIM Bank offers you both short-term and medium/long-term credit insurance: Short-Term Credit Insurance Coverage up to a maximum of one (1) year Medium/Long-term Coverage up to a maximum of 15 years Benefits Of Short-Term Credit Insurance Provide indemnity of loss up to 90-95% Enable exp...
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