Regulatory
Advisory & compliance
Helping contractors and stakeholders navigate IRDAI's Surety Insurance Contracts Guidelines and stay ahead of evolving regulatory changes.
About Assurety
Building a smarter, faster guarantee ecosystem - one surety bond at a time.
We're an India-focused surety bond specialist, built for the intersection of IRDAI compliance, insurer underwriting, and the operational realities of businesses delivering public and private contracts.
What we do
The role we play
India's surety bond market is still new, and it needs participants who understand where the friction actually sits for contractors - and who can help the ecosystem grow with the rigor and discipline that a regulated instrument demands. That's the gap Assurety exists to close.
Underwriting
Coordination & support
Working alongside insurers on risk assessment and structuring, so bonds move from application to issuance without unnecessary friction.
Structuring
Bond structuring & execution
Matching the right bond - bid, performance, advance payment, or retention money - to each contract's terms and tenure.
Enablement
Stakeholder education
Helping contractors, obligees, and insurers understand how surety bonds work and where they fit alongside a bank guarantee.
Our operating system
How we work
Four principles shape how Assurety operates in the market.
Regulatory depth
A working command of the IRDAI framework, compliance requirements, and guidance as it evolves - not a one-time read of the guidelines.
Insurer relationships
Close alignment with insurers on underwriting protocols, bond structuring, and claims management.
Execution capability
An approach built for how business actually gets done in India - practical, scalable, and trust-driven.
Scale orientation
Built to support the ecosystem's growth with discipline, transparency, and long-term sustainability.
Market timeline
Built for this moment in India's surety market
Surety bonds are new to Indian public procurement - and adoption is accelerating.
Jan 2022
IRDAI issues the Surety Insurance Contracts Guidelines, effective 1 April 2022.
Feb 2022
The Ministry of Finance amends the General Financial Rules, accepting insurance surety bonds as bid and performance security at par with bank guarantees.
May 2023
IRDAI removes the 30% cap on guarantee amount and relaxes solvency margin norms - bonds can now cover up to 100% of contract value.
Today
Industry estimates put issuance above 3,300 surety bonds and ₹29,000 crore in value, while GFR parity supports use across 100+ Central Government procuring entities.
Talk to our team
Have a contract that needs a bid, performance, advance payment, or retention money bond? We'll help you structure it.
