Services Policy : When Indian firms render services to foreign parties, they would be exposed to payment risks similar to those involved in export of goods. Services Policy offers protection to Indian firms against such payment risks. The policy has been designed broadly on the lines of ECGC insurance policies covering export of goods, and is issued to cover specific transactions.
Following four types of policies are available:
i) Specific Services Contract (Comprehensive Risks) Policy to cover commercial as well as political risks;
ii) Specific Services Contract (Political Risks) Policy to cover political risks only;
iii) Whole turnover services (comprehensive policy); and
iv) Whole turnover services (Political Risks) policy.