The United India Insurance Company has finally agreed to provide 100% Credit Risk Cover to TAAI Members. Earlier only 80% of the credit risk was covered by IRDA and the remaining 20% were to be borne under the individual bank guarantee.

As per a communique from TAAI President mr. Iqbal Mulla,, after the persistent follow up of TAAI with the higher authorities of United India Insurance Company, the competent authority has agreed to provide 100% coverage to TAAI members in order to avoid any inconvenience. TAAI will continue our fight for betterment of the Trade.