Surety bonds insurance product for road contractors on Dec 19
Business Standard|December 09, 2022
CII GLOBAL ECONOMIC POLICY SUMMIT
DHRUVAKSH SAHA
Surety bonds insurance product for road contractors on Dec 19

The road transport and highways ministry will launch maiden surety bonds by general insurance companies for Covidimpacted road contractors on December 19, Union Minister Nitin Gadkari said on Thursday.

The announcement comes two years after the ministry had requested the Insurance Regulatory and Developmental Authority of India (Irdai) to explore the feasibility of these bonds.

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