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The Export Credit Guarantee Corporation (ECGC) plans to support exports worth ₹10 lakh crore in FY24 from around ₹6.7 lakh crore at present. It has also increased the insurance cover for exporters with a credit limit of up to ₹50 crore to 90% and extended its cover to nine more banks. The change comes into effect on July 1, 2023. The benefit of the enhanced cover will be extended to the accounts with limits up to ₹50 crore for these four banks without extra cost. For nine banks where six-year claim to premium ratio is less than 70%, cover for accounts with export credit working capital limits up to Rs 20 crore, will be offered enhanced cover of 90% without any additional cost provided the banks are extending the export credit at an interest rate corresponding to the accounts rated ‘AA’ (or with equivalent rating).
The first motor vehicle insurance policy was issued in the UK in:
The principle ensuring an insured is not compensated more than the actual loss is:
Which amongst the following is not an insurance company functioning in India?
What is the liability of individuals, corporations, or partnerships for accidents caused by people other than employees for whose acts or omissions the ...
Which of the following is NOT typically found in a marine insurance certificate?
What is the primary purpose of a "burning cost" analysis?
In which year New India Assurance Co Ltd nationalized?
How many public sector life insurance companies are functional in India?
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
The amount charged by the insurer to provide the life cover to policy holder on the life of the life Insured is known as?
