EXIM Smart SMEs is an export credit insurance service aiming to protect SME exporters against non-payment risks. This facility is suitable for exporters with annual export values not exceeding 500 million baht. Key service features include lower premium rate, fast approval process and up to 90% coverage against loss.
Rate of Indemnity
- Commercial Risks: 90% of loss realized
- Political Risks: 90% of loss realized
Maximum Liability (ML)
Depends on the insured amount, as stated in below table;
| Insured Amount |
Maximum Liability (ML) |
| |
General
Industry |
Jewelry
Industry |
- Not more than 50 Million Baht
|
8 Million Baht |
5 Million Baht |
- More than 50 Million Baht but not more than 200 Million Baht
|
40 Million Baht |
20 Million Baht |
- More than 200 Million Baht but not more than 500 Million Baht
|
80 Million Baht |
50 Million Baht |
Buyer’s Credit Information Fee
Premium Rate
Depends on the insured amount, as stated in below table;
| Insured Amount |
Premium Rate |
No Claim Bonus |
- Not more than 50 Million Baht
|
start from 0.44% of insured amount |
5% |
- More than 50 Million Baht but not more than 200 Million Baht
|
start from 0.35% of insured amount |
5% |
- More than 200 Million Baht but not more than 500 Million Baht
|
start from 0.23% of insured amount |
10% |
*Minimum Premium 80% of actual premium and upfront payment will be made by annually, semi-annually, or quarterly installment.
**No claim bonus is subject to policy renewal with no claim paid and policy's conditions compliance