Insurance companies have issued over Rs 10,000 crore in Insurance Surety Bonds (ISB) for NHAI contracts, with 1,600 ISBs as bid security an...

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...

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 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 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...

Speaking at the CII Global Economic Policy Summit, he said the product will boost liquidity in the infrastructure sectors. "On December 19,...

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...

While it may be more expensive than bank guarantees, it fills in a key gap for companies that can’t post collateral to bid for businesses.

We expect our finance minister to continue the focus on building world class infrastructure in India with increased allocation to the secto...

"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...

A Guarantee is a promise to pay another person's debt or fulfill his or her contractual obligation, if that other person fails to perform h...