The Export Credit Guarantee Corporation of India (ECGC) expects to register Rs.1,250 crore gross premium income this year, Chairman and Managing Director N. Shankar said.
In 2012-13, it was Rs.1,157 crore. Claims settlement was Rs.548 crore last year. This is expected to be more than Rs.600 crore this year.
He said the ECGC was looking at four new products. It planned to have separate policy for small exporters (with export turnover of less than Rs.5 crore) and micro exporters (who have less than Rs.1 crore export turnover). These will be normal insurance cover. The ECGC planned to introduce a new cover for factoring companies to cover export factoring done by them for MSME exporters and re-start direct factoring.
