Component II of the initiative aims to encourage exporters to obtain Export Credit Guarantee Corporation of India (ECGC) cover for upcoming shipments to specified regions by providing 95 per cent risk coverage. The benefit is available for Standalone Policies and Whole Turnover Policies obtained on or after 16 March 2026. Under this component, the premium payable by eligible exporters is protected against increases beyond pre-disruption levels during the eligible period. The covered cargo categories include Full Container Load (FCL), Less than Container Load (LCL) and refrigerated (reefer) containers, excluding energy shipments.
Exporters seeking coverage under the RELIEF initiative are required to submit claims and supporting documents through the ECGC customer portal, an official statement said.
Launched on 19 March 2026, RELIEF is a targeted intervention to support Indian exporters facing extraordinary freight cost escalation, higher insurance premia and war-related export risks arising from disruptions in the Gulf and the wider West Asian maritime corridor.
