Trade Insurance type
Trade Insurance is a type of insurance that provides compensation to the Insured (Seller / Bank / Non-Bank Financial Institution (INKB)) against the possible risk of loss due to partial or total repayment of payments from the Buyer / Importer or Bank opening L / C caused by risk commercial and / or political risk.
Domestic Credit Insurance Financing (DCIF)
Insurance that provides protection to banks that will provide financing to customers / debtors / sellers against the possibility of the risk of not receiving some or all repayments from domestic buyers due to commercial risks.
Benefits
Commercial risk (Buyer goes bankrupt (Buyers’ bankruptcy), Buyer is declared bankrupt (Insolvency), Buyer refuses or is unable to pay for goods the seller has sent).
Asei Insurance will pay a maximum compensation of 85% of the losses suffered by the Bank for financing domestic bills (excluding interest and penalties).