What is the difference between ECGC Standard Policy and Comprehensive Policy?

Standard Policy covers commercial risks only (buyer default, insolvency), while Comprehensive Policy covers both commercial and political risks (war, revolution, foreign exchange restrictions, non-acceptance). Comprehensive Policy offers broader protection at slightly higher premiums.

What is the maximum claim amount ECGC will pay?

ECGC indemnifies up to 90% of the invoice value (net of any recoveries). The remaining 10% is borne by the exporter as uninsured loss, ensuring your involvement in credit management.

Can new exporters with less than 2 years of experience obtain ECGC Cover?

Yes. ECGC offers a New Exporters Scheme with simplified eligibility criteria, allowing first-time exporters to obtain coverage. However, they may require a personal guarantee from promoters or higher premium rates.

How long does it take to process an ECGC claim?

ECGC typically processes and settles valid claims within 90-120 days of receiving complete documentation. Incomplete submissions may extend this timeline significantly.

Is ECGC Cover mandatory for all Indian exporters?

No, ECGC Cover is voluntary. However, it is recommended for exporters extending credit terms, and is required under certain export promotion schemes like EPCG (Export Promotion Capital Goods) and for accessing government-backed supplier credit facilities.

ECGC Cover

ECGC Cover protects Indian exporters against commercial and political risks. Get comprehensive export credit insurance, mitigate buyer default risks, and access financing easily.

Select appropriate ECGC policy type based on your export activity (goods, services, or projects) and coverage needs
Gather and prepare mandatory documents including IEC certificate, GST registration, audited financial statements, and export records
Complete ECGC application form and submit online via ECGC portal or offline at your nearest ECGC office with application fee
Undergo ECGC's financial and credit assessment; provide additional information if requested within 7-10 working days
Receive policy approval and issuance; pay the annual premium to activate coverage and begin claiming benefits

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What is ECGC Cover?

ECGC Cover refers to export credit insurance policies issued by Export Credit Guarantee Corporation of India Limited (ECGC), a wholly-owned enterprise of the Ministry of Commerce & Industry. ECGC Cover protects Indian exporters against loss of export receivables due to commercial and political risks in overseas markets. These policies are designed to encourage Indian exporters to venture into new markets and extend credit facilities to international buyers with confidence.

ECGC operates under the ECGC Act, 1957 and offers multiple policy schemes tailored for different export scenarios. Whether you are an exporter of goods, services, or a turnkey project contractor, ECGC provides comprehensive risk coverage that indemnifies you against buyer default, insolvency, non-acceptance of goods, war, revolution, and other political events that may prevent payment.

Pricing

Package	Price	Details
Standard	On request	Including document prep

Process

📋
Select appropriate ECGC policy type based on your export activity (goods, services, or projects) and coverage needs
🔍
Gather and prepare mandatory documents including IEC certificate, GST registration, audited financial statements, and export records
📝
Complete ECGC application form and submit online via ECGC portal or offline at your nearest ECGC office with application fee
✅
Undergo ECGC's financial and credit assessment; provide additional information if requested within 7-10 working days
📤
Receive policy approval and issuance; pay the annual premium to activate coverage and begin claiming benefits

Documents Required

Valid Importer-Exporter Code (IEC) certificate issued by DGFT
GST registration certificate and latest GST returns (last 2 quarters)
Audited financial statements for the last 2-3 financial years
Bank statements (6 months) and export invoices demonstrating export turnover
Completed ECGC application form with declaration of overseas buyer details
Board resolution or authorization letter from company leadership approving ECGC policy application

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ECGC Cover

ECGC Cover protects Indian exporters against commercial and political risks. Get comprehensive export credit insurance, mitigate buyer default risks, and access financing easily.

Select appropriate ECGC policy type based on your export activity (goods, services, or projects) and coverage needs

Gather and prepare mandatory documents including IEC certificate, GST registration, audited financial statements, and export records

Complete ECGC application form and submit online via ECGC portal or offline at your nearest ECGC office with application fee

Undergo ECGC's financial and credit assessment; provide additional information if requested within 7-10 working days

Receive policy approval and issuance; pay the annual premium to activate coverage and begin claiming benefits

Google VerifiedBusiness

500+Export Clients Served

End-to-EndEXIM Support

What is ECGC Cover?

Package

Price

Details

Standard

On request

Including document prep

Process

📋

Select appropriate ECGC policy type based on your export activity (goods, services, or projects) and coverage needs

🔍

Gather and prepare mandatory documents including IEC certificate, GST registration, audited financial statements, and export records

📝

Complete ECGC application form and submit online via ECGC portal or offline at your nearest ECGC office with application fee

✅

Undergo ECGC's financial and credit assessment; provide additional information if requested within 7-10 working days

📤

Receive policy approval and issuance; pay the annual premium to activate coverage and begin claiming benefits

Documents Required

Valid Importer-Exporter Code (IEC) certificate issued by DGFT

GST registration certificate and latest GST returns (last 2 quarters)

Audited financial statements for the last 2-3 financial years

Bank statements (6 months) and export invoices demonstrating export turnover

Completed ECGC application form with declaration of overseas buyer details

Board resolution or authorization letter from company leadership approving ECGC policy application