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    Ecg Cap National Export Insurance Account

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    Soundararajan Seerangan
    Ecg Cap National Export Insurance Account

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Ecg Cap National Export Insurance Account

    Uploaded by

    Soundararajan Seerangan
    14 views1 page
    Ecg Cap National Export Insurance Account

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    Ecg Cap National Export Insurance Account

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    14 views1 page

    Ecg Cap National Export Insurance Account

    Uploaded by

    Soundararajan Seerangan
    Ecg Cap National Export Insurance Account

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    3/8/2014 ECGCAPNationalExportInsuranceAccount

    Site v isited by : 896,753 (w.e.f 21.06.2012)

    About Us Products & Services Service Network Customer Care Media Room Contact us

    About Us Home Ab out Us National Export Insurance Account

    Company Profile What is NEIA?


    Management The National Export Insurance Account has been set up by the Government of India

    Corporate Governance (GOI) and operated by ECGC to provide adequate credit insurance cover to protect
    long and medium term exporters against both, political and commercial risks of the
    Corporate Social Responsibility (CSR)
    overseas country and the buyer/bank concerned. The NEIA trust also provides
    Corporate Alliance covers to banks for Buyers Credit transactions which facilitates foreign buyer to pay
    for project exports from India.
    Career with ECGC
    Indian companies secure overseas projects against stiff international competition
    Public Disclosures
    and needs adequate credit insurance to enhance their competitiveness. Projects
    Citizen's Charter are required to be undertaken, specifically due to the long term economic interest
    and political relationship of India with importing country. Given Indias long term
    Code of Ethics
    economic and political interests with the concerned country, it is crucial that ability
    National Export Insurance Account of Indian exporters undertaking such contracts is not hampered by the inability to
    obtain credit insurance cover. With this view GOI has set up the NEIA.

    ECGC, a Govt. of India enterprise under the aegis of the Ministry of Commerce,
    apart from insuring credit risks under short term exports also provides credit
    insurance cover to Medium and Long term exporters. However, at times, its own
    limitations make it difficult for ECGC to cover such risks on purely commercial
    considerations, taking into account the long repayment period, the large value of
    the contracts and the difficult economic and political conditions of the country,
    coupled with the fact that reinsurance cover is generally not available in such
    cases.

    The NEIA Trust, a public trust set up by the Government will manage the funds
    provided by the Government. The trust has been assured a corpus of Rs.2,000
    crores by the end of the 11th plan period. At any point of time an exposure equal to
    Sitemap Grievance RTI Regulatory disclosures Important Links Glossary Disclaimer Terms & Conditions Privacy Policy
    ten times of the corpus will be underwritten by NEIA subject other criteria.
    IRDA Registration No. 124. Insurance is the subject matter of solicitation.
    To ensure
    Copyright Exportproper & effective
    Credit Guarantee utilization
    Corporation of the
    of India NEIAAllscheme,
    Ltd. 2012. to monitor its
    rights reserved.
    operations and to provide guidance, the GOI has set up a High Powered
    Committee, the Committee of Directions (COD) comprising : a) The Secretary-
    Insurance Regulatory and Development Authority Ministry of Commerce Reserve Bank of India EXIM Bank Indian Institute of Foreign Trade
    Ministry of Commerce- Chairman b) The Secretary-Department of Economic Affairs
    This site is best view ed w ith Internet Explorer 7.0 and above in 1024x768 resolution.
    c) The Secretary- Ministry of External Affairs, d) The Additional Secretary and
    Financial Advisor-Dept. of Commerce, e) The CMD-ECGC, f) The CMD- Exim Bank,
    g) Representatives of the Reserve Bank of India, h) Joint Secretary- Ministry of
    Commerce & Industry, who is also a Member Secretary.
    For details, Click here

    http://www.ecgcindia.in/en/Pages/ECGCAPNationalExportInsuranceAccount.aspx?qstrSelVal=NationalExportInsuranceAccount 1/1

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