India's budget has allocated ₹11.11 lakh crore for infrastructure development, focusing on industrial parks, housing, water supply, sewage ...

Regulatory changes and standardization are set to boost surety bonds introduced in 2022 by general insurance companies. These bonds will su...

As per the monthly update, released the ministry of road transport and highways (MoRTH) on Wednesday, the capital expenditure incurred duri...

In a workshop organized on Wednesday on the implementation of insurance surety bonds (ISB) for NHAI contracts, NHAI said out of the 164 ISB...

The Indian government is considering changes to the Insolvency and Bankruptcy Code (IBC) to give insurers the same status as banks in cases...

The chairman of Insurance Regulatory and Development Authority of India (Irdai) pointed out that India is expected to spend approx Rs 100 l...

The Indian insurance regulator, Irdai, has made changes to surety bonds, a risk transfer tool for the principal. The changes, which aim to ...

The Indian finance ministry has given the National Highways Authority of India (NHAI) and National Highways & Infrastructure Development Co...

Insurance surety bonds can be used as a substitute for bank guarantees in government procurement tenders. The Insurance Regulatory and Deve...

“It took us three years to introduce the Insurance Surety Bond product after following up with regulatory authorities. The bond can be offe...

Surety bonds are legally enforceable tripartite contracts that guarantee compliance, payment and/or performance. The issuing insurer provid...

Surety bonds intend to solve this problem by looking at the previous track record of the contractors, their internal management and account...

The minister on Monday launched the country's first-ever surety bond insurance product for the infrastructure sector, which has been develo...

It is estimated that banks seek close to 30-50 percent of cash money margin (from smaller construction companies), which is then stuck in t...

Addressing an event organised by industry body Assocham, NHAI member Manoj Kumar further said the NHAI is working to expand the constructio...

"For surety market to develop in India and keeping in mind best practices observed in other markets, a robust legislation requiring surety ...

The National Highways Authority of India (NHAI) has proposed insurance cover for road projects, in a step that could help bring in credible...