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Trade Credit Insurance

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​​​​​​Lower risk, enhance liquidity. Grow with full potential.

Protects your company from bad debt or insolvency.​

Branches near you
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Worryfree.

With compensation for the cost of merchandise in case of default of a buyer’s payments as stated in the sales contract or in case of a buyer’s bankruptcy.


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Penetrate highly competitive markets.

Increase potential for expansion in both domestic and international markets by offering more flexible payment terms to customers.

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A tool for liquidity management.

Lower risk from lack of liquidity.

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Services

 

Provide analytical service
for buyer information

 

Advise maximum coverage limit
for each buyer

 

Update the buyers’
status regularly

 

Provide complete
after-sales service

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Insurance Details

Commercial risk

  • Insolvency of buyer
  • Protracted default

Political risk

  • Debt Moratorium by government
  • Non-transfer risk
  • Cancellation of import license
  • War, revolution and coup d’état
  • Protracted default by state-owned entities

Premiums calculated from the premium rate

Rate between 0.1-2.5% of estimate annual turnover, based on the following conditions:

  • Insurable Turnover
  • Industrial risk
  • Risk from the buyer; for example country where they are located or their financial status

Insurance requester

  • Locally registered companies including foreign branches using D/P, D/A, O/A, and T/T forms of payment after shipment, with at least 150 million baht in yearly sales to be insured and payment terms not more than 5 months
  • Operating a business of domestic distribution and/or export to other countries

Examples of exceptions

  • Existing arguments/disputes regarding a sales contract (not the buyer's refusal to pay)
  • Loss from changes in currency valuation
  • Results from war among these five countries: USA, UK, France, China, and Russia
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How to Apply

Information for underwriting
  • Insurable turnover
  • Business Type e.g. frozen food exporter
  • Buyer’s name/ Address/ Credit limit Requested
  • Buyer’s country
Filing of indemnity claim

In case of default on the buyer's payment, to file an indemnity claim, the insured should proceed as follows:

  • Insured must not negotiate with buyer on payment terms and/or payment conditions e.g. allowing buyer not to pay without consent from insurer resulting in indemnity refusal by insurer
  • Insured must notify insurer immediately when buyer make partial or total payment for the goods after claim process has been initiated

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Contact

Corporate & SME Bancassurance Unit

Kasikorn Bank, Rat Burana Headquarters
Fax : 02-4704692

Woralux Sukthai

Call 02-5627874 / 081-3071865
Email : woralux.s@kasikornbank.com

Tunyaluk Polawan

Call 02-5626799 / 082-7824955
Email : tunyaluk.p@kasikornbank.com

Note:

  • Kasikornbank Public Company Limited is a non-life insurance broker that only provides advice, offers products, and facilitates the payment of premiums, while Muang Thai Life Insurance Public Company Limited and/or other insurance company parties are responsible for coverage and benefits according to the terms stated in the insurance policy
  • The buyer should understand the details and terms of coverage before deciding to purchase insurance
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​Key Features

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​Insurance Details​

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​How to Apply​​

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​Contact​​

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