Insurance regulator relaxes norms for investments in HDFCIRDAI has said that the exemption will only be with respect to holdings of the respective insurers as on June 30, 2023, and will be scaled ...
Some pain points addressed in surety bonds, more changes possible if need arises: IrdaiThe Indian insurance regulator, Irdai, has made changes to surety bonds, a risk transfer tool for the principal. The changes, which aim to ...
Changes in the works to make roads surety bonds lucrative: Nitin GadkariInsurance surety bonds can be used as a substitute for bank guarantees in government procurement tenders. The Insurance Regulatory and Deve...
Changes in the works for surety bonds to make them lucrative: Nitin Gadkari“It took us three years to introduce the Insurance Surety Bond product after following up with regulatory authorities. The bond can be offe...
Irdai relaxes norms for surety bonds to expand market for such productsThe Insurance Regulatory and Development Authority of India (Irdai) has relaxed norms for 'surety bonds' to increase availability and expan...
Regulators should be nimble-footed, they should take decision fast: Nitin GadkariThe minister on Monday launched the country's first-ever surety bond insurance product for the infrastructure sector, which has been develo...
India’s first Surety Bond Insurance product to be launched on December 19: Nitin GadkariIt is estimated that banks seek close to 30-50 percent of cash money margin (from smaller construction companies), which is then stuck in t...
IRDAI eases norms of bank bonds, InvITs/REITs“The aggregate value of AT1 (additional tier one) bonds held in a particular bank, at any point of time, shall not excess 10% of the total ...
IRDAI cautions insurers against loading up on bonds of HDFC cosEarly April, mortgage lender Housing Development Finance Corp (HDFC) proposed the merger with HDFC Bank. After the announcement, insurers w...
General insurers in alien territory on surety bondsSurety bonds issued by insurance companies are designed to provide a guarantee to government agencies or companies for the delivery of proj...
Can’t offer a bank guarantee? Give a suretyWhile it may be more expensive than bank guarantees, it fills in a key gap for companies that can’t post collateral to bid for businesses.
Small entrepenuers can now tap insurance companies for sureties"To reduce indirect cost for suppliers and work-contractors, the use of surety bonds as a substitute for bank guarantee will be made accept...
Robust legal framework necessary for development of surety bonds market in India: IRDAI report"For surety market to develop in India and keeping in mind best practices observed in other markets, a robust legislation requiring surety ...
Irdai examining feasibility of insurers offering surety bonds for road contractsIn the wake of the COVID-19 pandemic and its subsequent economic impact on liquidity and cash-flows in the Indian banking sector, the Minis...
NHAI moves IRDA proposing insurance of road projectsThe National Highways Authority of India (NHAI) has proposed insurance cover for road projects, in a step that could help bring in credible...
IRDAI in process to migrate to risk-based capital regimeIRDAI last year had set up a 10-member steering committee to help implement the new risk-based capital regime by March 2021.
Insurers in limbo over tagging of IDFC Bond“However, we are waiting specific direction directly from IRDAI. Till that time, it would not be prudent to classify the bonds,” he said.