TATA AIG launches surety insurance bonds; aims to help boost infrastructure development – Express Computer ...Middle East

TATA AIG General Insurance, has rolled out Surety Insurance Bonds, with an aim to support the government’s ambitious infrastructure development agenda, which has been allocated 3.3% of the GDP in FY 2024. As infrastructure development is poised to be the growth engine of India’s journey to become a USD 5 trillion economy, Surety Insurance Bonds have emerged as a robust alternative to traditional bank guarantees for contractors. By opting for Surety Insurance Bonds, contractors can unlock capital and enhance their bidding capacity, thereby overcoming liquidity and capital constraints. Available across both conditional and unconditional formats, TATA AIG’s Surety Insurance Bonds have been de

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