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.
- 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
Please refer to the policy document for detailed scope of cover and list of exclusions and other terms and conditions under the policy.
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