Announcement
On 12 August 2026, ProBond announced from Noida, Uttar Pradesh the launch of its user‑friendly web portal (https://probond.co.in/), designed to simplify access to insurance surety bonds for contractors, EPC firms and MSMEs.
Platform Features
The portal enables clients to directly upload application documents, monitor the real‑time status of their applications through a dedicated dashboard, and obtain a capital‑efficient alternative to traditional bank guarantees.
Advisory Services
ProBond offers expert advisory and customized solutions for Bid Security Bonds, Performance Guarantee Bonds and other surety products, leveraging technology and strong insurer relationships.
Regulatory and Compliance Status
The platform operates through Lotus Insurance and Financial Services Pvt. Ltd., which is an IRDAI‑registered Corporate Agent (Composite) and is currently seeking registration with the PFRDA to act as a Point of Presence for the NPS. ProBond is certified ISO 27001 and ISO 9001:2015 and complies with the DPDP Act.
Target Sectors
The service is aimed at key infrastructure segments, including roads and highways, construction and EPC, rail infrastructure, power and renewable energy, oil and gas, government procurement and industrial manufacturing.
Quote
Anuraag Kaul, Risk Management & Insurance Advisor at ProBond, stated that the platform aims to simplify surety bond access through technology, domain expertise and strong insurer relationships, helping businesses focus on project execution and growth.
Disclaimer
The content is a press release; PTI assumes no editorial responsibility for the information provided.