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SBI General launches ‘Surety Bond Bima‘

Published on May 25, 2023
Current Context: SBI General Insurance, the non-life insurance arm of State Bank of India (SBI), has launched a new insurance product called 'SBI General Surety Bond Bima (Conditional & Unconditional)'.
SBI General launches ‘Surety Bond Bima‘
  • This product is designed to provide protection against breach of terms and conditions by the contractors either during the bidding stage or during the performance stage of an infrastructure project.
  • It also provides an assurance to the project owner that the contractor would complete the project as per the agreed terms and conditions. 
  • The product was developed in response to the government’s vision to upscale infrastructure development.


Q.1 What is the name of the new insurance product launched by SBI General Insurance?
a. SBI General Surety Bond Bima (Conditional & Unconditional)

b. SBI General Surety Bond Bima (Bid & Performance)
c. SBI General Surety Bond Bima (Advance & Retention)
d. SBI General Surety Bond Bima (Conditional & Bid)

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