Trade Credit Insurance (TCI) Programme

Premium Rate
An average of 0.18 - 0.35%

Type of Cover
Insolvency and protracted default of end buyers

Scope of Cover

• Export and/or domestic sales
• Letter of Credit sales where approved by insured
• Whole turnover or specific named buyers

Policy Period
One year

Indemnity Level
Up to 90% of net insured loss

Maximum Terms of Payment
Up to 180 days

Minimum Premium
70% of the required minimum premium will be pre-funded by IE Singapore via an advance


Qualifying companies:

Companies that are manufacturers, traders or suppliers of goods and services.  Sales can either be domestic or export-oriented

All Singapore-based companies who fall within the above categories are eligible to purchase trade credit insurance through the TCI Programme

Companies who only have marketing offices or representative offices in Singapore are not eligible for the TCI Programme