Insurance Surety Bonds Contracts Crosses Rs. 10,000 Crore Landmark

On 11th September 2025, achieving a major milestone, Insurance Surety Bonds (ISB) issued by the insurance companies for NHAI contracts crossed Rs. 10,000 crore landmark.

  • Till July 2025, 12 insurance companies have issued around 1,600 ISBs as ‘Bid Security’ and 207 ISBs as ‘Performance Security’ valued at around Rs. 10,369 crores for NHAI contracts.
  • NHAI has been encouraging the use of Insurance Surety Bonds as an additional mode of submitting Bid Security and/or Performance Security Deposit.

What are ISBs?

  • Written Agreements: These are written agreements that guarantee compliance, payment, or performance of a specific act.
  • Role of Insurance Companies: These bonds involve ....
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