Insurance Surety Bonds issued for NHAI contracts have crossed Rs 10,000 crore. Till, 12 insurance companies have issued about 1,600 ISBs as Bid Security and 207 ISBs as Performance Security worth Rs 10,369 crores.
New Delhi, 11 Sep 2025
Insurance Surety Bonds issued for NHAI contracts have crossed Rs 10,000 crore. Till July 2025, 12 insurance companies have issued about 1,600 ISBs as Bid Security and 207 ISBs as Performance Security worth Rs 10,369 crores.
NHAI Promotes Insurance Surety Bonds
NHAI is pushing for more use of Insurance Surety Bonds. These bonds are a new way to give Bid Security and Performance Security Deposit. NHAI held a workshop in New Delhi to make more people use these bonds. Important people from NHAI, insurance companies, and finance companies came to the workshop. NHAI is pushing for more use of Insurance Surety Bonds. These bonds are a new way to give Bid Security and Performance Security Deposit. NHAI held a workshop in New Delhi to make more people use these bonds. Important people from NHAI, insurance companies, and finance companies came to the workshop. Achieving a major milestone, Insurance Surety Bonds (ISB) issued by the insurance companies for NHAI contracts has crossed Rs. 10,000 crore landmark. Till July 2025, 12 insurance companies have issued around 1,600 ISBs as ‘Bid Security’ and 207…
Benefits of Insurance Surety Bonds
Insurance Surety Bonds are cheaper and give good security for NHAI projects. In these bonds, insurance companies promise that contractors will do their work properly. The government has made these bonds equal to bank guarantees for all its buying. As India grows, more bank guarantees will be needed for building work. Insurance Surety Bonds can be a good option instead of bank guarantees.
Insurance Surety Bonds are cost-effective and could provide substantial relief for the Infrastructure Sector.
NHAI will continue to encourage the use of Insurance Surety Bonds in future contracts. Follow The Rising News for more verified updates.
Updated 11 Sep 2025, 19:56 IST; source: link
