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EIIC was incorporation in late 1994 based on the Establishment Act of Bimeh Markazi Iran and commenced operation in late 1995. Shareholders of EIIC are four governmental insurance companies i.e. Bimeh Iran, Bimeh Asia, Bimeh Alborz, Bimeh Dana and Bimeh Markazi Iran as well as five major Iranian Banks i.e. Export Development Bank of Iran, Bank Meli, Bank Saderat, Bank Mellat and Bank Tejarat. It’s present paid up capital is IR. Rials 35 billion. EIIC’s main objective is to promote and develop Iranian export by protecting exportes of goods and services as well as the Iranian Investors abroad for non payment of the price of such goods and services against commercial and non commercial risks.
With this protection and credit services, the exporter can be more aggressive and competitive in export trade and can comfortably penetrate markets, increase his sales turnover and trade on credit terms.
EIIC has acquired the permission of High council of Insurance for issuing other types of non-life insurance policies, in order to provide more facilities to it’s policy holders.
Setting up the Export and Investment Insurance Company (EIIC) was a turning pointing providing essential & vital insurance services required by Iranian exporters in order not only to keep and maintain their working capital but also to increase their assets for further productivity in the field of export activities.
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