Ecgc ecib

Will you please give information about ECIB (Export Credit Insurance) of ECGC (Export Credit Guarantee Corporation of India Ltd)?

[Kiran Chandar]

Here I am giving information regarding to ECIB of Export Credit Guarantee Corporation of India Ltd for your reference:

The ECGC offers ECIB in following Reference:
Export Credit Insurance Packing Credit(ECIB-PC)
Export Credit Insurance-Branch-Wise Packing Credit (ECIB-BIPC)
Export Credit Insurance-Whole-Turnover Packing Credit (ECIB-WTPC)
Export Credit Insurance-Sector-Wise Packing Credit (ECIB-SIPC)

Export Credit Insurance Packing Credit
PERIOD OF COVER: 12 months

ELIGIBLE ADVANCES: All packing credit advances as per RBI guidelines.

PERCENTAGE OF COVER: 66-2/3%

PREMIUM: 12 paise per Rs.100 p.m. on the highest amount outstanding on any day during the month.

MAXIMUM LIABILITY: 66-2/3% of the Packing Credit Limit sanctioned to the account being covered.

Export Credit Insurance-Branch-Wise Packing Credit (ECIB-BIPC)

PERIOD OF COVER: 12 months

ELIGIBLE ADVANCES: All packing credit advances are as per RBI guidelines.

PERCENTAGE OF COVER: 66-2/3%

PREMIUM: 10 paise per Rs.100 p.m. on the highest amount outstanding on any day during the month.

MAXIMUM LIABILITY: 66-2/3% of the aggregate of Packing Credit Limits of the accounts being covered.

Export Credit Insurance-Sector-Wise Packing Credit (ECIB-SIPC)
PERIOD OF COVER: 12 months

ELIGIBLE ADVANCES: All packing credit advances are as per RBI guidelines.

PERCENTAGE OF COVER: 75%

PREMIUM: Between 6 and 9.5 paise per Rs.100 p.m. payable on the average daily product depending on the extent of business covered.

MAXIMUM LIABILITY: To be fixed suitably in relation to the outstanding in the accounts to be covered.

Export Credit Insurance-Whole-Turnover Packing Credit (ECIB-WTPC)
MINIMUM CRITERIA: No. of Accounts: 25; Minimum assured Premium: Rs. 5 lacs.

PERIOD OF COVER: 12 months

ELIGIBLE ADVANCES: All packing credit advances as per RBI guidelines.

PREMIUM: For a fresh cover it is 8 paise. (For others, varies from 6 to 9.5 paise per Rs. 100 p.m. depending on claim premium ratio.)

MAXIMUM LIABILITY: Overall limit up to which claims can be paid by the Corporation in respect of advances granted.

Contacts
1800 22 4500