Domestic Payments Insurance Policy (DPIP)

The Domestic Insurance Policy (DPIP) is designed to provide protection to Companies against commercial credit risks inherent in local transactions.

Risks Covered

▪ Buyer insolvency and protracted default are the commercial risks covered under the Policy

Risks not Covered

Losses arising from the following risks are not covered:

▪ Insolvency of any agent of the Company or of a collecting bank or from any act or default of such agent or collecting bank.

▪ Any failure or inability of the Company or buyer to obtain authority to deliver or accept goods where such authority is required by regulations.

▪ Risks covered by general insurers.

▪ Trade dispute between the Company and the buyer.

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