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Enhanced Export Insurance for West Asia Extended Until March 2027
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News18•30-09-2026, 18:15
Enhanced Export Insurance for West Asia Extended Until March 2027
- •The enhanced insurance cover for exports to West Asia against payment defaults has been extended until March 31, 2027.
- •This extension applies to exporters utilizing credit risk insurance from the Export Credit Guarantee Corporation (ECGC).
- •The Directorate General of Foreign Trade (DGFT) announced the extension under Component II of the EPM RELIEF intervention.
- •Component II of EPM RELIEF facilitates export credit insurance for shipments to the Gulf, West Asia, and North Africa.
- •The government bears the fee for this enhanced cover, which provides up to 95% credit risk coverage, compared to the usual 85-90%.
Key Questions Answered
The enhanced insurance cover for exports to West Asia has been extended until March 31, 2027, to support Indian exporters amid logistics challenges.
Under the RELIEF intervention, exporters taking ECGC cover are eligible for credit risk cover of up to 95 per cent, whereas normally only 85 to 90 per cent is covered.
The fee for the enhanced export credit insurance cover is being borne entirely by the government.
