Get INDEMNITY BOND FORMAT - Hindustan Aeronautics Limited

An indemnity bond is a type of insurance policy. It ensures that you—not the bank—will be liable for any losses if the lost check is found and presented for payment. Otherwise, the bank could be liable for both checks.

Indemnity letter by legal heir/claimant for release of provident fund and gratuity amount lying in the name of deceased. This letter of indemnity is made by the legal heirs of a deceased person for claiming his provident fund and gratuity.

An Indemnity bond is a surety given by a person signing a contract undertaking assuring to incur the losses in case the contract is breached.

An indemnity bond for death claim is a legal document that serves as a guarantee for the insurance company in case of any financial loss or damage caused due to a death claim. It typically includes details about the deceased, the death claim amount and any outstanding liabilities.

Meaning of indemnity bond in English a legal agreement in which a financial organization promises to make a payment to an organization that has lent money if they do not get the loan back: Lenders reduce their risk by using indemnity bonds for mortgages over 70-80 % of the value of the property.

Indemnity bonds are one of the main types of surety bonds. They guarantee that anyone who suffers financial losses as the result of illegal actions by the principal will be reimbursed.

1. That the indemnifier does hereby agree and undertake to indemnify the indemnified for any loss or damage caused in respect of the said property. 2. That on the basis of the assurance offered by the indemnifier by way of these presents that the indemnified has agreed to purchase and acquire the said property.

The Indemnifier hereby agrees to indemnify and keep indemnified and harmless. MCL/Indemnified herein from time to time, at all times hereafter against all losses, claims, demands, proceedings, expenses, costs and consequences whatsoever on full.