{"uin":"IRDAN150CPSU0030V01202526","name":"Surety Bonds","url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526","insurer":{"slug":"liberty-general-insurance","name":"Liberty General Insurance Limited","url":"https://indiainsurances.com/insurer/liberty-general-insurance"},"line":"general","category":"other-general","category_name":"Other general insurance","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Liberty Surety Bonds are surety insurance issued on behalf of Principals to Obligees, guaranteeing contractual obligations. The product includes Bid, Advance Payment, Performance, Retention, Warranty and Shipbuilding Refund Guarantee bonds, with financial guarantees, overseas projects or cross-border contracts and insufficiently documented projects outside scope.","analysis":{"state":"machine","analysed_at":"2026-10-20 05:28:04.167567+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Bid or Proposal Bond","Advance Payment Bond","Performance Bond","Retention Bond","Warranty Bond","Shipbuilding Refund Guarantee"],"display":"Bid or Proposal Bond; Advance Payment Bond; Performance Bond; Retention Bond; Warranty Bond; Shipbuilding Refund Guarantee","note":null,"quote":"• Bid or Proposal Bond –This surety bond guarantees that the Principal will enter into the contract and provide the securities or bonds as required per the bid documents or pay the required penalty if the Principal fails to honour its bid post award.\n• Advance Payment Bond –This surety bond guarantees an advance payment made by an Obligee under a contract will be returned if it is not used for the purposes expressly permitted therein or not repaid by Principal according to the contractual obligations.\n• Performance Bond – This surety bond guarantees that the Principal will perform its obligations under the contract, otherwise pay the Obligee for any losses incurred.\n• Retention Bond – This surety bond guarantees to the Obligee that the contract amount held back as security will be available to correct any defects pursuant to the contract even if the Obligee releases such security to the Principal earlier than agreed.\n• Warranty Bond – This surety bond guarantees that a Principal will fulfill its warranty obligations regarding the quality and performance of the works, failing which the Obligee will be indemnified for its losses.\n• Shipbuilding Refund Guarantee - This surety bond assures buyer (Obligee) that advance payments will be refunded if the shipbuilder (Principal) fails to deliver the vessel as per contract terms.","sources":[{"clause":null,"heading":"Types of Surety Bonds & General Scopes of Coverage","page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11750#c-types-of-surety-bonds-general-scopes-of-coverage"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"Varies by bond form. The Bid Bond is in force for 180 (one hundred and eighty) days from the Bid Due Date with a subsequent claim period of 60 (sixty) days; other forms use a blank expiry date or contract-linked expiry events.","display":"Varies by bond form; Bid Bond: 180 days from Bid Due Date plus 60 days claim period","note":"The Advance Payment, Performance and Retention wordings leave the expiry date as ****; the Shipbuilding Refund Guarantee ends on receipt of the guaranteed sum or buyer acceptance of vessel delivery.","quote":"This Surety Bond shall be irrevocable and remain in full force for a period of 180 (one hundred and eighty) days from the Bid Due Date and a subsequent claim period of 60 (sixty) days after which the Surety Bond shall be null and void. ... The Surety Bond shall cease to be in force and effect on **** Unless a demand or claim under this Surety Bond is made in writing before expiry of the Surety Bond, the Surety Insurer shall be discharged from its liabilities hereunder. ... This Surety Bond shall expire and become null and void upon receipt of Buyer of the sum guaranteed hereby or upon acceptance by the Buyer of the delivery of the Vessel in accordance with the terms of the Contract.","sources":[{"clause":"2","heading":null,"page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11771#c-2"},{"clause":"7","heading":null,"page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11773#c-7"},{"clause":"5","heading":null,"page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11775#c-5"}],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Claims or demands must be made in writing to the Surety Insurer, by email or post, with a copy of the bond. Bid Bond has a 60 (sixty) day claim period after the 180-day bond period; other listed bonds generally require demand before expiry, and Retention Bond actions must be commenced and served within six (6) months after acceptance of the Project.","display":"Written demand by email/post with copy of bond; Bid Bond claim period 60 days after 180 days; Retention action within six (6) months after project acceptance","note":"For Advance Payment, Performance and Retention bonds, the wording requires demand or claim before expiry of the Surety Bond.","quote":"Any notice by way of request, Written Demand or otherwise hereunder shall be sufficiently given in writing or made if addressed to the Surety Insurer and sent by courier or by registered post or by certified e-mail to the Surety Insurer at the address or by email to suretyclaims@libertyinsurance.in. Said notice should include a copy of this bond. ... This Surety Bond shall be irrevocable and remain in full force for a period of 180 (one hundred and eighty) days from the Bid Due Date and a subsequent claim period of 60 (sixty) days after which the Surety Bond shall be null and void. ... It is further provided that no action shall be instituted against this Surety Bond unless commenced and duly served within six (6) months after the acceptance of the Project.","sources":[{"clause":"3","heading":null,"page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11771#c-3"},{"clause":"2","heading":null,"page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11771#c-2"},{"clause":"1","heading":null,"page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11774#c-1"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["copy of this Surety Bond","Written Demand","letter from an officer of the Obligee","certified copy of the award, judgment or Settlement Agreement"],"display":"Written Demand with copy of the Surety Bond; Performance Bond also needs an officer's letter advising default; Shipbuilding Further Demand needs certified award, judgment or Settlement Agreement","note":null,"quote":"The Surety Insurer shall only make payments under this Surety Bond upon receipt by the Surety Insurer of a written demand for a specified sum, accompanied with a copy of this Surety Bond (hereinafter “Written Demand”), which demand is signed by a duly authorized officer of the Obligee, ... A letter from an officer of the Obligee, accompanied with a copy of this Surety Bond and advising that the Principal has committed default in the due and faithful performance of all or any of its obligations under and in accordance with the Contract, accompanied by a copy of this Bond (hereinafter “Written Demand”) ... provided that the Further Demand is accompanied by a certified copy of the award, judgment or Settlement Agreement.","sources":[{"clause":"2","heading":null,"page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11774#c-2"},{"clause":"2","heading":null,"page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11773#c-2"},{"clause":"3","heading":null,"page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11775#c-3"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"Most bond forms say notices to the branch are authorised to effect payment forthwith. For a disputed Shipbuilding Refund Guarantee claim, payment is within thirty (30) days after the Purchaser's Further Demand.","display":"Forthwith; Shipbuilding disputed refund: within thirty (30) days after Further Demand","note":null,"quote":"Any notice by way of request, Written Demand or otherwise hereunder may be sent by email to suretyclaims@libertyinsurance.in and/or by post addressed to the Surety Insurer at its above referred branch, which shall be deemed to have been duly authorised to receive such notice and to effect payment thereof forthwith ... we shall instead pay to the Purchaser, within thirty (30) days after the Purchaser's further written demand (\"Further Demand\"), the sum or sums and interest thereon","sources":[{"clause":"2","heading":null,"page":1,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11772#c-2"},{"clause":"3","heading":null,"page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11775#c-3"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["Financial guarantees, in any form","Overseas projects or cross-border contracts","Projects with insufficient transparency or documentation for underwriting","sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations"],"display":"Financial guarantees, overseas or cross-border contracts, insufficiently documented projects, and sanctions-restricted payments are outside scope","note":null,"quote":"The following risks are outside the scope of Liberty Surety Insurance cover:\n➢ Financial guarantees, in any form ➢ Overseas projects or cross-border contracts ➢ Projects with insufficient transparency or documentation for underwriting ... Liberty General Insurance (LGI/Liberty”) will not be deemed to provide cover nor be liable to pay any claim or provide any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would expose Liberty or its parent to any sanction, prohibition or restriction under United Nations resolutions or the trade or economic sanctions, laws or regulations of India, the European Union, United Kingdom, United States of America or other applicable jurisdiction","sources":[{"clause":null,"heading":"Who can Benefit","page":3,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11750#c-who-can-benefit"},{"clause":"6","heading":null,"page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11771#c-6"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First contact Liberty Customer Service by toll-free number, email care@libertyinsurance.in, or writing to the stated Mumbai address; if the response does not meet expectations, escalate to Manager@libertyinsurance.in and then Servicehead@libertyinsurance.in before approaching the Insurance Ombudsman.","display":"Contact Liberty Customer Service first; escalate to Manager@libertyinsurance.in, then Servicehead@libertyinsurance.in","note":null,"quote":"Call us on Toll free number: 1800-266-5844 | If our response or resolution does not meet\n(8:00 AM to 8:00 PM, 7 days of the week) | your expectations, you can escalate at\nor Manager@libertyinsurance.in Email us at: care@libertyinsurance.in or Step 3\nWrite to us at: | If you are still not satisfied with the\nCustomer Service | resolution provided, you can further\nLiberty General Insurance Limited | escalate | at\nUnit 1501 & 1502, 15th Floor, Tower 2, One | Servicehead@libertyinsurance.in ... In case you are not satisfied with the decision or resolution provided by Liberty, you may approach the Insurance Ombudsman for redressal.","sources":[{"clause":"7","heading":null,"page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11771#c-7"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"perils","label":"What is covered","section":"Cover","meaning":"The events or risks covered.","status":"quote-verified","value":["Principal will enter into the contract and provide the securities or bonds as required per the bid documents or pay the required penalty","advance payment made by an Obligee under a contract will be returned","Principal will perform its obligations under the contract, otherwise pay the Obligee for any losses incurred","contract amount held back as security will be available to correct any defects","Principal will fulfill its warranty obligations regarding the quality and performance of the works","advance payments will be refunded if the shipbuilder (Principal) fails to deliver the vessel"],"display":"Bid/proposal, advance payment, performance, retention, warranty, and shipbuilding refund guarantee obligations","note":null,"quote":"• Bid or Proposal Bond –This surety bond guarantees that the Principal will enter into the contract and provide the securities or bonds as required per the bid documents or pay the required penalty if the Principal fails to honour its bid post award.\n• Advance Payment Bond –This surety bond guarantees an advance payment made by an Obligee under a contract will be returned if it is not used for the purposes expressly permitted therein or not repaid by Principal according to the contractual obligations.\n• Performance Bond – This surety bond guarantees that the Principal will perform its obligations under the contract, otherwise pay the Obligee for any losses incurred.\n• Retention Bond – This surety bond guarantees to the Obligee that the contract amount held back as security will be available to correct any defects pursuant to the contract even if the Obligee releases such security to the Principal earlier than agreed.\n• Warranty Bond – This surety bond guarantees that a Principal will fulfill its warranty obligations regarding the quality and performance of the works, failing which the Obligee will be indemnified for its losses.\n• Shipbuilding Refund Guarantee - This surety bond assures buyer (Obligee) that advance payments will be refunded if the shipbuilder (Principal) fails to deliver the vessel as per contract terms.","sources":[{"clause":null,"heading":"Types of Surety Bonds & General Scopes of Coverage","page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11750#c-types-of-surety-bonds-general-scopes-of-coverage"}],"law":[]},{"key":"deductible","label":"Deductible or excess","section":"Limits and co-pay","meaning":"Amount of each claim you bear.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"cancellation_refund","label":"Cancellation by you","section":"Renewal and rights","meaning":"What you get back if you cancel during the year.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 64VB","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 8","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 6","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 17","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, IV.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"territory","label":"Where it covers","section":"Overview","meaning":"Geographic area of cover: India only, worldwide, or listed countries. 'As stated in the schedule' is not an answer.","status":"quote-verified","value":"Overseas projects or cross-border contracts are outside the scope of Liberty Surety Insurance cover.","display":"Overseas projects or cross-border contracts are outside scope","note":null,"quote":"The following risks are outside the scope of Liberty Surety Insurance cover:\n➢ Financial guarantees, in any form ➢ Overseas projects or cross-border contracts ➢ Projects with insufficient transparency or documentation for underwriting","sources":[{"clause":null,"heading":"Who can Benefit","page":3,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11750#c-who-can-benefit"}],"law":[]},{"key":"subject_covered","label":"What is insured","section":"Cover","meaning":"The thing or risk this policy covers.","status":"quote-verified","value":"Surety Bonds are issued on behalf of clients, called Principals, to the contractual counterparty, called the Obligee, guaranteeing contractual obligations to the Obligee.","display":"Contractual obligations of the Principal to the Obligee","note":null,"quote":"Liberty General Insurance Limited is pleased to offer our Surety Bonds on behalf of clients (Principals) to our client’s contractual counterparty (Obligee), guaranteeing contractual obligations to the Obligee.","sources":[{"clause":null,"heading":"Introduction","page":2,"url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11750#c-introduction"}],"law":[]}],"documents":[{"kind":"wording","label":"Surety Bid Bond - Policy Wordings (UIN - IRDAN150CPSU0030V01202526)","pages":6,"fetched_at":"2026-10-17 19:59:42+00","source_url":"https://www.libertyinsurance.in/Docx/Surety%20Bid%20Bond%20-%20Policy%20Wordings.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11771"},{"kind":"wording","label":"Surety Advance Payment Bond - Policy Wordings (UIN - IRDAN150CPSU0030V01202526)","pages":7,"fetched_at":"2026-10-17 19:59:40+00","source_url":"https://www.libertyinsurance.in/Docx/Surety%20Advance%20Payment%20Bond%20-%20Policy%20Wordings.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11772"},{"kind":"wording","label":"Surety Performance Bond - Policy Wordings (UIN - IRDAN150CPSU0030V01202526)","pages":6,"fetched_at":"2026-10-17 19:59:44+00","source_url":"https://www.libertyinsurance.in/Docx/Surety%20Performance%20Bond%20-%20Policy%20Wordings.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11773"},{"kind":"wording","label":"Surety Retention Bond Form - Policy Wordings (UIN - IRDAN150CPSU0030V01202526)","pages":7,"fetched_at":"2026-10-17 19:59:46+00","source_url":"https://www.libertyinsurance.in/Docx/Surety%20Retention%20Bond%20Form%20-%20Policy%20Wordings.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11774"},{"kind":"wording","label":"Surety Shipbuilding Refund Guarantee Bond - Policy Wordings (UIN - IRDAN150CPSU0030V01202526)","pages":7,"fetched_at":"2026-10-17 19:59:48+00","source_url":"https://www.libertyinsurance.in/Docx/Surety%20Shipbuilding%20Refund%20Guarantee%20Bond%20-%20Policy%20Wordings.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11775"},{"kind":"wording","label":"Surety Warranty Bond - Policy Wordings (UIN - IRDAN150CPSU0030V01202526)","pages":6,"fetched_at":"2026-10-17 19:59:50+00","source_url":"https://www.libertyinsurance.in/Docx/Surety%20Warranty%20Bond%20-%20Policy%20Wordings.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11776"},{"kind":"prospectus","label":"Liberty Surety Bonds - Prospectus (UIN - IRDAN150CPSU0030V01202526) (Effective From 22.09.25)","pages":7,"fetched_at":"2026-10-17 19:58:48+00","source_url":"https://www.libertyinsurance.in/Docx/Liberty%20Surety%20Bonds%20-%20Prospectus.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11750"},{"kind":"proposal","label":"Surety Bonds - Proposal Form (UIN - IRDAN150CPSU0030V01202526) (Effective From 22.09.25)","pages":null,"fetched_at":"2026-10-17 19:59:08+00","source_url":"https://www.libertyinsurance.in/Docx/Surety%20Bonds%20-%20Proposal%20Form.pdf","url":"https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526/document/11525"}],"versions":[],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"Liberty General Insurance official website","url":"https://www.libertyinsurance.in/","note":"Buy directly from the insurer."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"insurer","name":"Claims assistance","url":"https://www.libertyinsurance.in/claims/claims-assistance.html","note":null},{"purpose":"claim","kind":"insurer","name":"Health claims","url":"https://www.libertyinsurance.in/claims/health-claims.html","note":null},{"purpose":"claim","kind":"insurer","name":"Motor claims","url":"https://www.libertyinsurance.in/claims/motor-claims.html","note":null},{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"insurer","name":"Grievance redressal","url":"https://www.libertyinsurance.in/customer-support/grievance-redressal.html","note":null},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"renew","kind":"insurer","name":"Car insurance renewal","url":"https://www.libertyinsurance.in/products/motor-insurance/car-insurance-renewal","note":null}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Surety Bonds (UIN IRDAN150CPSU0030V01202526), IndiaInsurances, https://indiainsurances.com/policy/liberty-general-insurance/surety-bonds-irdan150cpsu0030v01202526"}