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IRDAI issues Trade Credit Insurance Guidelines, 2021

September 9, 2021
The IRDAI has issued Trade Credit Insurance Guidelines, 2021. Trade credit insurance protects businesses against risk of non-payment for goods and services by buyers. Guidelines set out framework to promote sustainable and healthy development of trade credit insurance business. It facilitates general insurance Cos. to offer trade credit insurance covers to suppliers as well as licensed banks and other financial institutions to manage non-payment risk associated with trade financing portfolio.
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