Credit Insurance Policy
Credit Insurance Policy is designed for companies that are selling their goods and/or services on credit to domestic and/or overseas buyers. Credit Insurance provides companies with coverage for outstanding receivables that are within approved credit terms, protecting the Insured against risk of non-payment by its buyers.
The Policy covers loss due to any or all of the following risks in the domestic and international market:
- Insolvency of a buyer
- Non-payment or protracted default by a private (i.e. not a State-owned) buyer
