Trade CREDIT INSURANCE

Imran khan
VP Credit Insurance
9958701986 & 7045831952

Ideal who we are?

A Knowledge Processing Organization.
Provide Expert solutions in Insurance Broking and Risk Management services.
Thus, among the hand picked brokers to have an IRDA license as insurance brokers
for both Life and General Insurance.
Our specializations - general insurance products like Marine, Property,
Infrastructure, Trade credit, Liability, Fleet, Motor etc You name it , we have it!
Ideal Insurance is promoted and managed by experienced and qualified team of
professionals.
Our Consultants possess the necessary certifications and specialized skill sets to
provide comprehensive solutions to all your risk management and insurance
needs.
We are advisors to our clients and not mere brokers or agents. We hand hold our
clients in times of claims and advise them the best product with maximum
benefits.

Identify and evaluate your needs

Design your Insurance Portfolio

Choose the Right Product

Negotiate with the Insurance providers for the most

competitive rates

Assist in documentation

Claims Management- After all money matters

Claims Handling

Legal Representation

 We are among best known CREDIT INSURANCE brokers

The expertise we have enables us to get the right policy with right coverage
in time.
We have special presence in Jewellers & Diamonds industry(already

serving 40 plus clientele from Seepz & opera house)

No Hassel to Exporters & all services at their door step that too free of
additional cost.
Claims handling and debt collection by us, you can focus on your core
business.

WHY CREDIT INSURANCE?

1.

Protection against bad debts

2.

Financing

3.

Balance-sheet Protection

4.

Corporate Governance

5.

New Markets

6.

Debt Collection

7.

Information, screening of clients

8.

Avoidance of internal conflicts

9.

Reduction of fixed overheads

10. Relax existing credit conditions

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Credit Squeeze:
Is your customer still credit
worthy?
Were still waiting to be paid
by our customer

The signatory is away

Were not going to pay since you

put a freeze on shipments

We need a few days more to

make payment

The Concept of Credit Insurance

Insures companies against the risk of non-payment by their customers
as a result of commercial &/or political risks

Commercial Non Payment Risk

Insolvency
Default

Political Non Payment Risk (Exports)

Government Moratorium
War
Natural Disaster
Non-transfer of Funds
Import License Cancellation

Reinsurers we
work with

Coface

Atradius

QBE

AIG

Euler Hermes

ECGC (specific policies)

SCOR

Atradius-re

Benefits to Exporters
Reduces
Financial Risk

Improves
Cash Flow

Protection against
trade credit risk
losses

Claims payment

Releases bad debt

provisions
Hedges against
financial
catastrophe

Maximises debt
collection

Better access to
finance

Supports Credit
Management

Improves
Sales

Credit check and

control

Encourages most
attractive terms

Creates discipline
and control

Improves financial
health

Offers a second
opinion

Check on potential
prospects

Fewer bad debts

WHAT IS NOT COVERED ?

Loans
Associated
companies

Sales to
Govt. Deptt.

Risk on
private
persons

BG/LC
Disputes
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HOW DOES IT WORK

Contract
date

Shipment and
invoice date

Due
date

Probable
loss

Protracted
default

150 days
Manufacturing
Period

2 months

set credit limits

Invoicing
Period

Credit Period

30 days

180 days

send invoices
declare turnover

Maximum
Extension
Period

waiting period

Claim
payment

30 days

due date
apply internal
credit
management
procedures
declare over due
(file a ROD)
stop further
shipments

start collection
submission of claim

declare over
due

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Products offered to Exporters

Standard Policy
Small Exporters policy
Specific Shipment Policy (short term)
Export Turnover policy
Specific buyer wise policy
Consignment export ( Stock holding agent)policy
Consignment export (Global entity) policy
Single buyer exposure policy
Multi buyer exposure policy
Software project exports policy
IT enabled (single customer) policy
IT enabled (multi customer) policy
SME Policy
Customer specific policy (Tailor made)

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Ideal Insurance Brokers Pvt. Ltd.

Your Risk

With Ideal

We at IDEAL would like to assure Marathon Electric Motors(India) Limited a

Seamless Service Experience with a focus on building a Long Term Relationship.

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Contacts :

Branch Locations

Imran Khan
VP & National Head Credit Insurance
9958701986
7045831952
Imran.khan@idealinsurance.in

Kolkata

Rahul Agarwal
Director
9830882728
rahul@idealinsurance.in

Mumbai
Pune

Delhi
Bangalore
Hyderabad

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Thanks

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