Rakshati Assurance

Surety bond guides for Indian contractors.

Cost, eligibility, claims, regulation — everything beyond the bond-type basics. Written for contractors deciding between a bank guarantee and an insurance surety bond.

Pricing

Surety Bond Premium Cost Calculator

0.5%–3% of bond value. Factors that move your rate, worked examples, and an interactive calculator.

Read the guide → Eligibility

Surety Bond Eligibility Criteria

Turnover requirements, years in business, credit rating — and how a 15-insurer panel improves approval odds.

Read the guide → Decision guide

How to Choose the Right Surety Bond

Identify obligee → bond type → eligibility → compare insurers → submit. A step-by-step checklist.

Read the guide → Claims

Surety Bond Claims Process

What happens after a default: the obligee invokes, the insurer pays, the contractor indemnifies.

Read the guide → Industry primer

How Surety Bonds Work in Construction

Which bond applies at each stage of an EPC project — bid, performance, mobilisation, retention.

Read the guide → Definitions

Surety Bond vs Insurance

A three-party guarantee, not a two-party risk-transfer product — no loss payout to yourself.

Read the guide → Regulation

IRDAI Surety Bond Guidelines

GFR 2017, IRDAI Surety Insurance Guidelines, NHAI Circular 3.1.41/2025 — the legal framework.

Read the guide → For MSMEs

Surety Bonds for MSME Contractors

How a 15-insurer panel helps smaller contractors qualify when one insurer won't.

Read the guide → Acceptance

Surety Bonds by State

Central bodies accept nationally. State PWDs adopt separately — how to verify your tender.

Read the guide → Market overview

India's Surety Bond Market

From zero to a 15-insurer panel since 2022 — adoption, drivers, and where it's headed.

Read the guide →

Ready to get a bond?

Get an indicative quote in 4 hours — Rakshati routes your file across a 15-insurer panel so they compete on rate.

Get an Indicative Quote