ICICI Lombard, a leading private general insurance company in India, has announced the launch of Surety Insurance. The offering is designed to provide comprehensive risk mitigation solutions for India’s burgeoning infrastructure sector, aligning with the country’s ambitious goal of becoming a $5 trillion Economy.
Surety insurance acts as a guarantee to a beneficiary (typically an authority or client) that a principal debtor (usually a contractor) will fulfil…
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Source: https://www.rprealtyplus.com/news-views/icici-lombard-unveils-surety-insurance-solution-115739.html