Not averse to idea of bringing insurance bonds instead of bank guarantees: Nirmala Sitharaman

As per reports last year, insurance regulator Irdai was also looking at the option of insurers offering surety bonds in the context of road projects. Sitharaman, who met the industry captains in the evening, said the government is committed to working towards ensuring policy certainty, adding that the regulators also have a key role in ensuring the same.