What is ECGC Premium?

Hello sir I want to know about the ECGC Premium so please provide me complete information about this company.

[Shaleen]

ECGC Limited (ECGC) was established on 30 July 1957 with an objective to provide insurance cover in respect of risks in export trade.

ECGC Premium

If your debt had never impacted your business, it does not cost much to protect yourself against catastrophic losses.

Should it have impacted, and if you were to buy credit insurance, then the premium will be much higher.

Even though you may have a clean loss history, it is no guarantee that losses could not be made in the future.

Of course a clean loss history will be reflected in the advantageous premium rate we would offer.

No one can be entirely sure about their own market.

When it moves fast, it becomes less predictable. Credit insurance is a way to streamline your P&L.

You pay a reasonable premium each year and you avoid that 'big hit'.

Work of ECGC

Provides a range of credit risk insurance covers to exporters against loss in export of goods and services

Offers Export Credit Insurance for Bankers and financial institutions to enable exporters to obtain better facilities from them

Provides Overseas Investment Insurance to Indian companies investing in joint ventures abroad in the form of equity or loan

How ECGC works

Offers insurance protection to exporters against payment risks
Provides guidance in export-related activities

Makes available information on different countries with its own credit ratings

Makes it easy to obtain export finance from banks/financial institutions

Assists exporters in recovering bad debts

Provides information on credit-worthiness of overseas buyers