Comprehensive Insurance Policy: It covers the entirety of the source operations to various markets against commercial and non-commercial risks and the core document covers both commercial and non-commercial risks of post-shipment.
Specific Transaction Policy: This document does not require the exporter to cover the entirety of his export activity, but rather to cover a specific process.
Bank Master Policy: This policy provides protection against the risk of default in financing operations of Islamic banks.
Thus, the insurance services of the United Insurance Company (Sudan) are integrated to cover all the needs of exporters with the diversity of payment methods used. Thus, the coverage of the export proceeds insurance operations is provided under the various insurance policies available with the company as an integrated package that covers the risks of physical damage to the exported goods from the origin until their arrival to import and receipt.
Microfinance Policy: It is an insurance contract between the company and the financing institution whereby the company is obligated to cover the risks of insolvency or default resulting from the insurance of Macro finance operations subject to the financing policies of the Bank of Sudan.
Macro finance Policy: It is an insurance contract between the company and the financing institution whereby the company is obligated to cover the risks of insolvency or default resulting from the insurance of macro finance operations subject to the financing policies of the Bank of Sudan.
Installment Sales Policy.
Bond Insurance (Letter of Guarantee):
Bid Bond: A bid bond is a type of construction bond that protects the owner or developer in a construction bidding process. It is a guarantee that you, as the bidder, provide to the project owner to ensure that if you fail to honor the terms of the bid, the owner will be compensated.
Advanced Payment: An advance payment bond is a type of contractor surety bond that guarantees that the project owner recovers an advance payment in the event that the contractor defaults on the contract. These bonds are also referred to as “advance payment guarantees” or “advance stage payments.
Performance Bon: A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor. The term is also used to denote a collateral deposit of good faith money, intended to secure a futures contract, commonly known as margin.