ECGC finds marine insurance is a hitMarine insurance cover is finding a wider acceptance according to Export Credit Guarantee Corporation of India (ECGC).
Apnainsurance.com Research Bureau
11 Aug 2008
Marine insurance cover is finding a wider acceptance according to Export Credit Guarantee Corporation of India (ECGC). The CMD of ECGC Mr. A.V. Muralidharan said it has tied up with United India insurance Company in order to support exporters in reducing the cost of transaction. The free add on marine insurance cover is available from warehouse to warehouse, only for the customers who have opted for ECGC's whole turnover policies. As this policy has no additional charges, customers have benefited by saving substantial cost. ECGC has also introduced a new policy for small exports with minimal compliance procedure.
ECGC is in its 51st year of operation in India. It has exclusively operated under the non-life sector and has provided covers aggregating Rs 4,37,882 crore to exports and export finance in the year 2007-08.