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Bajaj Allianz Bharatiya Pravasi Bima Form

Bajaj Allianz Bharatiya Pravasi Bima Form

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after announcement in Union budget and approval from insurance regulator iida finally after weight of 10 months a surety bond products are getting launched on 19th of this month and Bajaj Alliance General insurance will be launching first surety bond product and going ahead other insurance companies are also getting ready to launch a surety bond surety bond will be a substitute to bank guarantee in infrastructure product to bank guarantee in housing product because presently it is very difficult for infra companies to get a surety from Banks to get a bank guarantee so surety bond will give a relief in their working capital surety bond will ease out the indirect cost involved to contractors to complete their Highway projects as announced in budget after this ird has also approved six type of Surety bonds with terms and condition minimum solvency for insurance company to launch severity Bond should be more than one to five percent and and though it will ease out the difficulties of Highw

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