by AIP Online Bureau | Aug 22, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Non-Life, Policy, Regulation, Risk Management
Debasish Panda, chairman, IRDAI “Surety bonds play a crucial role in supporting India’s infrastructure development. By addressing the challenges and fostering collaboration, we can unlock the full potential of this valuable financial instrument. Today’s...
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 24, 2023 | Indian News, Non-Life, Policy, Regulation, Reinsurance
The general insurance companies are seeking changes in the Indian Contract Act and Insolvency and Bankruptcy Code (IBC) to bring surety bonds at par with bank guarantees when it comes to recourse available to them in case of a default. New Delhi: To make surety bond...
by AIP Online Bureau | Aug 23, 2023 | Indian News, Non-Life, Regulation, Reinsurance
The company is soliciting Surety Insurance policies including Bid Bond, Advance Payment Bond, Performance Bond, Court Bond, Customs Bond from the public especially from business like Construction and Import/Export Hyderabad: Insurance regulator IRDAI has cautioned...
by AIP Online Bureau | Dec 19, 2022 | Indian News, Non-Life, Reinsurance
Union Minister for Road Transport and Highways Nitin Gadkari “ It has taken almost three years to get IRDAI’s approvals for Surety Bond product. We have sorted out a lot of technicalities which will make constructing road projects less risky and ensure...
