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Iffco-Tokio , KEIC ink pact

New Delhi, Oct. 18

Korea Export Insurance (KEIC) has signed a cooperation agreement with Iffco-Tokio General Insurance to cover local transaction risks of Korean exporters in India. “As per the agreement, Iffco-Tokio is entitled to apply contract terms of KEIC, underwriting transaction insurance for Korean companies that have advanced to India for their local transactions or export transactions to third countries. While KEIC underwrites them as re-insurance,” a release issued her e said.

— Our Bureau

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