China export credit insurance company (abbreviation as "SINOSURE"), established by state-funded, supporting China's foreign economic and trade development and cooperation, is a state-owned policy insurance company with independent legal person status. Since SINOSURE was officially launched and entered into full operations on 18 December 2001, SINOSURE has successfully set up its organizational structure, consolidated its operational systems and extended its range of services.
In recent years, the world economy has been experiencing a period of deep adjustment. Faced with the continued downturn in the international demand and severe situation of foreign trade, SINOSURE has increased support for high-tech industry, mechanical and electrical products, textiles, light industry, automobile,etc., to help stabilize the development of the nation's foreign trade. For a long time, SINOSURE has always taken supporting the export of small- and medium-sized enterprises as a priority work, not only for their important role in stabilizing social employment, but also because they are an important group of technological innovation and intelligent manufacturing. Since 2005, SINOSURE has launched two products for SMEs, "Comprehensive Credit Insurance for Small- and Medium-Sized Enterprises" and "Easy Credit Insurance for Small- and Micro-Sized Enterprises".
In 2016, SINOSURE provided service to 51,000 small- and micro- businesses, representing an increase of 29.7%; with a total insured amount of USD 45.72 billion, a year-on-year growth of 11.7%.
2. HOW MANY DAYS WILL IT TAKES TO GET INSURANCE?
Normally it takes around 15 working days to get approval.
3. HOW MUCH FINANCIAL SUPPORT CAN I GET?
Range from $50,000-$1,000,00. We will provide you with the credit insurance service to reduce the financial pressure in the early stage of your business. You can receive the goods first with a small deposit and pay off according to the predetermined payment date.
4. HOW MANY DAYS CAN I BE OWNED?
Range from 30days-120days.
5. THE CORPERATION BETWEEN TOP EASE AND SINOSURE
Our company has cooperated with SINOSURE for more than 10 years, and we are the AA customer of SINOSURE, with the annual insurance amount reaching 200 million dollars, and we have insured more than 200 customers from more than 50 countries.
6. HOW DO I APPLY FOR CREDIT INSURANCE?
You only need to provide the company's basic information to our company, such as your company name, address, legal person, company registration number, fax number, telephone, fax, email and etc., we will apply for credit investigation for you and get the limit.
7. WHAT INFORMATION DO I NEED TO PREPARE FOR THE CREDIT INVESTIGATION OF SINOSURE?
You do not need to prepare information specially, as long as SINOSURE contacts you, provide your company's basic information, such as business license, financial statements, legal person's passport, etc.
8. HOW MUCH DOES SINOSURE CHARGE?
Very low premium, as low as 3%(except LC), depending on country and region.
9. WHICH COUNTRIES ARE ELIGIBLE TO APPLY FOR CREDIT INSURANCE?
Most countries can do credit insurance, except the following countries: Cuba, Iran, Sudan, South Sudan, Libya, Ivory Coast, Yemen, Syria, Afghanistan, Iraq, Somalia, Burundi, Chad, Comoros, the democratic republic of the Congo, Eritrea, Guinea Bissau, Liberia, Rwanda and Sierra Leone, Zimbabwe, Palestinian, North Korea, Venezuela.
10. HOW LONG DOES MY COMPANY NEED TO OPERATE BEFORE IT IS ELIGIBLE TO APPY FOR CREDIT INSUANCE?
The normal operation of the company must be more than two years before it is eligible to apply for SINOSURE services.
11. WHERE DO I GET THE FUND AND HOW DO I PAY THE PREMIUMS?
You will get the funds through my company, and the premium will also be collected through my company. You do not need to contact SINOSURE directly.