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IFFCO Tokio Credit Insurance |
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Re: IFFCO Tokio Credit Insurance
Credit Insurance is a tool which helps the companies to expand business with peace of mind. IFFCO-Tokio General Insurance in cooperation with Coface, which is global leader in credit management services and credit insurance, are able to provide the credit insurance services to the clients. The risk covers are as follows: Export Credit insurance covers: Commercial Risks Political Risks Commercial Risks Covered: Protracted Default or Delayed Payment by the debtors. Insolvency. Not covered: Trade disputes Non-Acceptance of goods Political Risks Covered: Natural disasters like earthquake, cyclone, floods, etc. Import license cancellation Protracted Default on State Owned Entities Any measure taken by the country where buyer is located, preventing payment of a transaction. Not covered: Devaluation or Depreciation of currencies Protracted Default or Delayed Payment by the debtors. Insolvency. Trade disputes Non-Acceptance of goods Indemnity Up to 80% of the insured debt, for both commercial as well as political risks Claims Unlike other insurances, there is a waiting period of 5 months in this policy. The policy holder 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. Contact: Corporate Office IFFCO Tower , Plot No. 3 , Sector 29 , Gurgaon -122001 Haryana(India) 1-800-103-5499 Alternatively you can also call: (0124) 428 5499 |
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