{
  "id": 10948718,
  "title": "Enhanced insurance cover for West Asia exports extended to March 2027",
  "url": "https://urgent.news/2026/09/30/enhanced-insurance-cover-for-west-asia-exports-extended-to-march-2027",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T13:25:24.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/enhanced-insurance-cover-for-west-asia-exports-extended-to-march-2027/articleshow/134595652.cms"
  },
  "original_language": "en",
  "account": "The Indian government has extended enhanced insurance coverage for export shipments destined for West Asia until March 31, 2027, according to an official notification. This expanded protection, provided through credit risk insurance by the Export Credit Guarantee Corporation (ECGC), was initially set to expire for shipments sent after September 30.\n\nThe extension, announced by the Directorate General of Foreign Trade (DGFT), is part of the Component II of the EPM RELIEF intervention. The initiative aims to support Indian exporters and address logistics challenges caused by the ongoing crisis in the West Asia region.\n\nComponent II of the EPM RELIEF scheme is specifically designed to offer credit insurance backing for outbound shipments headed to the Gulf, West Asia, and North Africa regions. Introduced on March 19 of the current year, this enhanced risk protection was established under the Export Promotion Mission's RELIEF scheme to shield domestic exporters from trade disruptions resulting from regional conflict.\n\nThrough the RELIEF initiative, exporters can secure up to 95 percent credit risk coverage when opting for ECGC policies, which is higher than the standard 85 to 90 percent threshold. The government is absorbing the additional cost required for this upgraded safeguard, and this extended coverage also applies to cargo transshipped through West Asian hubs.",
  "summary": "Indian exporters will continue to receive upgraded insurance protection against buyer payment defaults until March 31, 2027. The expanded coverage is part of an initiative to support exporters during ongoing challenges. Previously, the eligibility was set to expire after September 30, affecting shipments to West Asia.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Economy",
        "title": "Corporate credit profile remains strong in H1FY27 despite West Asia conflict: Ind Ra",
        "url": "https://urgent.news/2026/09/30/corporate-credit-profile-remains-strong-in-h1fy27-despite-west-asia",
        "published": "2026-09-30T10:31:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}