HDFC ERGO Launches Credit Insurance Policy to Safeguard Business

Posted on:12 Jan 2017 09:33:27
HDFC ERGO Launches Credit Insurance Policy to Safeguard Business
12 January 2017 Current Affairs: HDFC ERGO General Insurance Company launched a new policy, Trade Credit Insurance Policy, on January 9, 2017 to which safeguards businesses against the risks of non-payment for the goods or services delivered to the buyers.

India’s third largest private sector non-life insurance provider informed that the policy would offer cover against payment defaults and insolvency, apart from providing political risk cover to exporters.

Under the new policy, the insurer covers a portfolio of buyers and pays an agreed percentage of the invoice or receivables that remain unpaid as a result of insolvency, bankruptcy or protracted default.

Already two state-owned companies New India and United, and private sector players like ICICI Lombard, Bajaj Allianz and Iffco Tokio offer similar products.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 July

18 JULY
NEWS
17 JULY
NEWS
16 JULY
NEWS
15 JULY
NEWS

Current Affairs 2018 June

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS