THREE PARTY AGREEMENT, that ensures the Principal (contractor) fulfills its obligations to the obligee (Project Owner). If the Principal fails, the surety (Insurer) pays the claim. It acts as an alternative to BG, bank guarantee. It improves liquidity and working

Highlights The Policy is meant for all types of small or big contractors. Need: The Machine is the crux for any project, and if there is damage or loss to the machinery, it affects the entire project. Provides excellent cover

These days, travelling is somewhat necessary, but then the cost is soaring high. The hotel may not be affordable. Low-cost and budget hotels may not be safe. Hence, the concept of homestay is becoming popular. But here also, if you

Most of the Indian Population, nearly 70% depends upon agricultural income. Though total agriculture income contributes to just 13% of GDP. Hence, it is clear that a lot of work is to be done to improve the agriculture sector. New

The year which started witnessing large number of suicides of Farmers? Ans. 1990/91/92/93, Q 2. The main reason for farmers’ suicide was? Payment of loan/marriage in the family,/non-availability of fertilizers/ pricing in the market. Q. 3 What could be the

money saving: why? when? The future is uncertain and no one knows what will happen in the future. This is the reason we require emergency funds to meet our requirement of unforeseen expenditure on disease, accidents, and unfavourable conditions. We

It refers to things of the same type or kind. Understand this by simple examples. Suppose a Kirana Shop is to be insured. Now policy shall be drafted by saying insurance cover for fire on stock of soap, pulses, rice,