by AIP Online Bureau | Sep 11, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance
Girija Subramanian, CMD, New India Assurance Till July 2025, 12 insurance companies have issued around 1,600 ISBs as ‘Bid Security’ and 207 ISBs as ‘Performance Security’ valued at around Rs 10,369 crores for NHAI contracts While the Indian general insurance industry...
by AIP Online Bureau | May 16, 2024 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
So far, NHAI has received 164 Insurance surety bonds consisting of 20 bonds for performance security and 144 bonds for bid securities for implementing its projects New Delhi: After initial hitches, some of the domestic general insurers including New India Assurance,...
by AIP Online Bureau | Nov 22, 2023 | Indian News
With a total length of about 79 km, the 29 under-construction tunnels are spread across the country with 12 tunnels in Himachal Pradesh, six in Jammu and Kashmir, two each in Maharashtra, Odisha, Rajasthan, and one each in Madhya Pradesh, Karnataka, Chhattisgarh,...
by AIP Online Bureau | Nov 11, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Reinsurance, Risk Management
NHAI has been working closely with Highway Operators Association of India (HOAI), SBI General Insurance and AON India Insurance to implement this initiative Insurance surety bond has been issued for NHAI monetization bid of TOT bundle 14 @ 0.25% by the insurer without...
by AIP Online Bureau | Sep 17, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
After Nitin Gadkari, union minister, Ministry for Road Transport and Highways, launched two basic level Surety Bonds, in Dec 2022, issued by Bajaj Allianz General Insurance with the support of reinsurance support from Munich Re and Swiss Re, the Surety...
