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BPI Bancassurance | Express Non-Life Insurance Product | Trade Credit Insurance - FAQ
 

 
Frequently Asked Questions
 
1. What are the benefits that you can derive from the BPI/MS Trade Credit Insurance?
 
- Gives you more time to focus on the other significant aspects of your business
  - Allows you to safely develop new markets
- Puts a ceiling on exposure to loose
- Complements credit management
- Collects debt more efficiently, consequently reducing provision for bad debts.
  - Enhances financing
- Gives expert advice and third party opinions on granting additional credit to existing and potential clients.
 
2. What will BPI/MS do for your company?
 
- We analyze and monitor the creditworthiness of your clients
  - For smaller amounts, you can use agreed credit management rules to decide on the risk for yourself
- We set a credit limit for each client i.e. the maximum amount outstanding that we insure
  - You report to us all debts that are seriously overdue and we organize the debt collection together\
- If we don’t succeed to collect 100% of the debt, you file a claim.
  - We will pay up to 90% of the insured debt & collection expenses.
 
 
 
Details
Back to Trade Credit Insurance Main
 
 
 
Financial Products of BPI/MS and Ayala Life are not insured by the Philippine Deposit Insurance Corporation
and are not guaranteed by the Bank of the Philippine Islands.
 
 
 
 
Express Life Insurance Products
 
Express Dollar Protector
Protect 300
Save and Protect
 
Express Non-Life Insurance Products
 
Express Auto Insurance
Home Care Advantage
Express Home Insurance
Personal Accident Insurance
Trade Credit Insurance
Casualty/Liability Insurance
Marine and Aviation
Bonds and Surety Insurance
Engineering Insurance
 
Customer Service
 
 
: 09/24/2007
: Roselyn C. Uy/BPI
: WebAuditor, WebIB, WebTecon
: Approved for Replication
: Paulo F. Castelo
: 09/27/2007 07:58:55 AM