Export Credit Guarantee Corporation of India (ECGC) has appointed South Indian Bank as its Corporate Agent on 28.10.2003 to market their Exporter’s credit insurance policies. As South Indian Bank is already extending the Life and Non-Life insurance facilities, it is now equipped to cover the entire range of insurance products under one roof.
ECGC, a Government of India enterprise established to promote Export / Import in our country, provides a range of credit risk insurance covers to exporters against loss in export of goods. South Indian Bank with more than 400 branches across 14 States will facilitate the distribution of credit policies of ECGC. The customers of other banks may also approach South Indian Bank for the below mentioned credit insurance policies of ECGC.
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SCR OR STANDARD POLICY
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To cover risks in respect of all shipments on short-term credit by exporters with anticipated annual turnover of more than Rs.50 lakhs. For details, click here
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TURNOVER POLICY
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Standard Policy as above with additional discounts and incentives available to exporters who pay a premium of not less than Rs.10 lakhs per year. For details, click here
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SMALL EXPORTERS POLICY
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Standard Policy with anticipated annual turnover of Rs.50 lakhs or less. For details, click here
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SPECIFIC SHIPMENT POLICY (Short Term)
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To cover risks in respect of a specific shipment or shipments against a specific contract. For details, click here
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BUYERWISE POLICY
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To cover risks in respect of all shipment to one or a few buyers. For details, click here
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SPECIFIC POLICY FOR SUPPLY CONTRACT
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To cover risks in respect of export of capital goods or turnkey projects involving medium/ long-term credit. For details, click here
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INSURANCE COVER FOR BUYER’S CREDIT AND LINE OF CREDIT
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To cover risks in respect of credit extended by a bank in India to an overseas buyer for paying for machinery and equipments to be imported from India or credit extended by a bank in India to an overseas institution for facilitating imports from India. For details, click here
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SERVICES POLICY
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To cover risk of non-payment to Indian companies entering into contract with foreign principals for providing them with technical or for professional services. For details, click here
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CONSTRUCTION WORKS POLICY
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To provide cover to an Indian Contractor who executes a civil construction job abroad. For details, click here
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For more information please contact :
Foreign Exchange Department at Kochi-
Tel. : 91-484-2368476, 2355499,2373755
E-mail : [email protected]
OR
Overseas Branch at TIRUPPUR
Tel. : 91-421-2425494,2425434
E-mail : [email protected] [email protected]
Any of our B-Category branches
OR
Head Office Marketing Department at Thrissur-
Tel. : 91-487- 2440388, 2424601-Extn: 332/333/334/335
E-mail : [email protected] OR [email protected]