Qian launches Trade Credit Insurance Policy in India

Press Release (ePRNews.com) - Mumbai, Maharashtra - Jul 08, 2023 - Qian Insurance Broking has announced the launch of Trade Credit Insurance Policy in India and has tied up with top Trade Credit Insurance Companies in India. The Policy provides coverage against non-payment of invoices by buyers for goods or services that they have received and provides reimbursement if the buyer delays payment of invoice or if the buyer declares insolvency.

To understand the importance of a Trade Credit Insurance Policy, it is very important to understand how a Trade Credit Insurance Policy works.

A Trade Credit Insurance Policy provides reimbursement to the seller for Protracted Default where if a buyer delays payment of the invoice beyond a certain specified time period, the seller can lodge a claim with the Trade Credit Insurer. It also provides coverage to the seller in case the buyer declares insolvency and is unable to make the payment due. The Trade Credit Insurance Company will reimburse the seller upto 85% of the invoice amount.

A spokesperson for Qian responded when questioned about trade credit insurance. ” India is a fast-growing economy and many businesses are growing by selling goods and services on credit. There is an acute need to secure receivables for businesses since receivables constitute on average 40% of a company’s assets. A Trade Credit Insurance Policy is cheaper than Letter of Credit and a great defence against unpaid receivables for credit sales. We have launched a Trade Credit Insurance Policy as part of our strategy to provide tailored insurance solutions to our customers depending on their requirements. ”

Commenting on the benefits of a Trade Credit Insurance Policy, the spokesperson said, “A Trade Credit Insurance Policy offers peace of mind and financial security by providing insurance coverage for unpaid invoices. Additionally, the Trade Credit Insurance Coverage allows the Insured to make sales in new territories and new customers without worrying about the risk of unpaid invoice. Thus, a Trade Credit Insurance Policy is a great tool for growing the business as well.”

Qian is a leading Trade Credit Insurance Broker in India with experience of serving clients across diverse industries since last 10 years. If you wish to purchase trade credit insurance for your business, you should schedule a free consultation with the team at Qian.

Thus, a Trade Credit Insurance is an important risk management tool for businesses that sell goods and services on credit to their customers. A Credit Insurance Policy allows businesses to transfer the risk of unpaid invoices to a Trade Credit Insurance Provider.

About Qian Insurance Broking

Qian is a leading insurance broking house based in Mumbai, India focused on providing customized insurance solutions to leading corporate clients across India. The company has made a name for itself for Keyman Insurance Policy, Contractors All Risk Insurance Policy etc

Contact Information

Qian Insurance Broking
125 C, Mittal Court,
12th Floor, opposite Inox Cinema,
Nariman Point, Mumbai, Maharashtra 400021.

Telephone- +91 22 22044989

Mail- support@qian.co.in

Website- https://www.qian.co.in/