Founded in 1973, the export guarantee fund of Iran (EGFI) re-started its operation in 1993 with the aim of non-oil export promotion by guaranteeing the Iranian exports. The EGFI's role is to share the commercial as well as the political risks with the exporters of goods/services or investors throughout the entire validity of their contract and to collaborate with them before, during and after the risks period. To reach this aim, EGFI, as a government corporations offers the following services and coverage:

1. Insolvency or protracted default of the buyer
2. Repudiation of goods by the buyers
3. Default payment of the drafts on the due date by the buyer
4. Default payment of the price of the exported goods or services on the due date by the buyer
5. Imposition of a ban on imports in the country where the goods are to be handed over to the buyer, blockage on currency exchange or its international transfer.
6. Occurrence of civil war, riot or civil commotion in the country where the goods are to be accepted by the buyer.
7. Turbidity or breakage of political relation with the buyer's country which may lead to the exporter's failure to collect his receivables on the due date.
8. Implementation of economical laws in the buyer's country resulting in an obstruction to the exporter's receivables.
9. Confiscation or nationalization of the buyer's properties.
10. Other risks which are not normally insured by the insurance companies.