Export Credit Guarantee Corporation of India (ECGC)

The Export Credit Guarantee Corporation of India (ECGC), established in 1957 by the Government of India, is a leading export credit insurance provider that supports Indian exporters by offering protection against non-payment risks from foreign buyers. ECGC provides export credit insurance, financial guarantees, and credit risk protection, enabling exporters to secure financing and expand globally with confidence.

Key Benefits

  • Protection Against Non-Payment: Safeguards exporters from foreign buyer defaults due to commercial or political reasons.
  • Risk Mitigation: Covers both commercial risks (insolvency, delayed payments) and political risks (war, restrictions, unrest).
  • Improved Access to Finance: Guarantees help exporters secure working capital and loans from banks.
  • Enhanced Market Confidence: Encourages exporters to explore new markets with security.
  • Affordable Premiums: Cost-effective insurance plans accessible to SMEs.
  • Support for Export Growth: Reduces risks and promotes India’s global trade expansion.

Why Choose Export Credit Guarantee Corporation of India (ECGC)?

  • Comprehensive Risk Coverage for exporters against commercial and political risks.
  • Financial Security enabling access to loans from banks and institutions.
  • Affordable & Flexible Plans tailored for MSMEs and large exporters.
  • Promoting Export Growth through risk-free global expansion.
  • Trusted Government Backing ensuring credibility and financial strength.

Popular Plans

Standard Whole Turnover Policy

Covers all export shipments against commercial and political risks.

Small Exporters Policy (SEP)

Simplified cover for exporters with turnover up to ₹50 lakh annually.

Specific Shipment Policy

Protection for a single export contract or shipment.

Buyer-Wise Policy

Covers all shipments made to a particular overseas buyer.

Construction Works Policy

Safeguards Indian contractors executing civil projects abroad.

Services Policy

Protects Indian service providers against foreign client defaults.

ECIB (Export Credit Insurance for Banks)

Provides banks with credit guarantees for packing credit and post-shipment finance.

Enhanced 90% ECIB Cover

Special MSME-friendly scheme offering higher insurance to access cheaper export finance.

Customer Services & Support

  • Comprehensive Export Credit Cover for exporters against multiple risks.
  • Tailored Policies for every exporter, from SMEs to large corporates.
  • Support for Export Finance through guarantees and enhanced insurance.
  • Quick Claim Settlements with transparent and timely processes.
  • Global Reach, Local Presence with wide branch network across India.
  • MSME-Friendly Schemes offering simplified and enhanced covers.

Overview

ECGC is India’s trusted government-backed export credit insurer, dedicated to safeguarding exporters and banks against risks in global trade. With MSME-friendly schemes, comprehensive policies, and enhanced risk covers, ECGC fuels India’s international trade by protecting exporters and building global confidence.

Frequently Asked Questions (FAQs)

Q1. What is ECGC and why do exporters need it?
ECGC protects exporters from commercial defaults and political risks, ensuring receivable security and confidence in global trade.
Q2. What types of policies does ECGC offer?
ECGC offers Whole Turnover Policy, Small Exporters Policy, Specific Shipment Policy, Buyer-Wise Policy, Construction and Services policies, and ECIB for banks.
Q3. Who can buy ECGC insurance?
Any Indian exporter of goods, services, or projects, as well as banks financing exporters, can avail ECGC coverage.
Q4. How does ECGC support MSMEs?
ECGC provides simplified policies and enhanced 90% insurance cover for MSMEs with credit limits up to ₹50 crore.
Q5. How does ECGC help banks?
Through ECIB schemes, ECGC protects banks against export credit risks, enabling them to lend confidently.
Q6. What risks are covered under ECGC policies?
Both commercial risks (insolvency, defaults) and political risks (war, government restrictions, payment moratoriums).
Q7. How can I apply for ECGC policies through Royal Cover?
Royal Cover helps exporters compare, apply, and purchase ECGC policies online with expert assistance.
Q8. How are claims settled by ECGC?
ECGC ensures transparent and time-bound claim settlement for genuine losses.
Q9. What documents are required to buy an ECGC policy?
Basic KYC, IEC details, financial records, and export contract/shipment documents. Royal Cover assists in end-to-end filing.
Q10. Where can I get more assistance?
Royal Cover’s dedicated support team provides personalized exporter guidance.
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