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Insurance Products

Sarvada research, workflows, and commentary focused on insurance products.

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Insurance Products

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October 8, 2026

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137 articles

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Insurance Products - July 1, 2026 - 6 min read

Bankers Indemnity and the Blanket Bond in India: Crime, Forgery and Cyber-Fraud Cover for Banks, NBFCs and Fintechs

The Bankers Indemnity Policy, also known as the Bankers Blanket Bond, is the core fidelity-crime cover for financial institutions, yet its clause-by-clause structure and its limits on electronic fraud catch many buyers out. This guide walks through the insuring-clause architecture, the employee-collusion proof problem, the cyber sub-limit gap, and how the product applies to NBFCs and fintechs facing rising digital-payment fraud.

By Sarvada Editorial Team

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Insurance Products - July 1, 2026 - 6 min read

Carrier's Legal Liability Insurance in India: Insuring the Road Transporter Under the Carriage by Road Act 2007

Carrier's Legal Liability insurance protects the road transporter, not the cargo owner, against claims for goods lost or damaged in transit. This post explains how the cover sits against the Carriage by Road Act 2007, why the ten-times-freight limit and declared-value mechanics decide what gets paid, how fire, explosion and accident triggers work, and where 3PLs and fleet operators are quietly under-insured.

By Sarvada Editorial Team

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Insurance Products - July 1, 2026 - 6 min read

Commercial Poultry and Livestock Insurance for India's Contract-Farming Operators: Mortality Cover, Subsidy Mechanics and the Disease Exclusions That Bite

Integrators and contract farmers running layer, broiler and dairy operations face concentrated mortality risk from disease and weather, yet the policies meant to cover it are full of conditions that decide whether a claim pays. This post sets out how poultry and livestock mortality cover is built, the valuation-table and 80% indemnity mechanics, where the government subsidy applies, and the disease exclusions and underwriting conditions that leave commercial-scale operators exposed.

By Sarvada Editorial Team

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Insurance Products - July 1, 2026 - 7 min read

Deterioration of Stock (DOS) Insurance for Indian Cold Stores and Pharma Cold Chain: The Cover That Sits on Top of Machinery Breakdown

Cold-chain operators often assume their stock is covered when their refrigeration plant breaks down, but spoilage cover is a separate engineering product with strict preconditions. This guide explains Deterioration of Stock insurance, why it depends on an underlying Machinery Breakdown policy, the standby-power conditions behind the FOES extension, and where vaccine and pharmaceutical stock leaves operators exposed.

By Sarvada Editorial Team

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Insurance Products - July 1, 2026 - 6 min read

Inherent Defects Insurance for Indian Real Estate: Insuring the RERA Five-Year Structural Liability the Developer Carries

Indian developers carry a five-year RERA obligation to rectify structural defects after handover, but most carry it on their own balance sheet. Inherent Defects Insurance turns that latent-defect liability into a first-party building cover, validated by independent technical inspection. This post explains how IDI works, how its decade-long term lines up against the RERA window, how it differs from title insurance and Construction All Risks, and what could finally push adoption.

By Sarvada Editorial Team

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Insurance Products - July 1, 2026 - 6 min read

Public Offering of Securities Insurance (POSI) for Indian IPOs: Why D&O Alone Leaves the Prospectus Exposed

Boards heading into an IPO often assume their D&O policy will absorb any claim arising from the prospectus. It will not do so cleanly. This guide explains POSI as a distinct, ring-fenced transactional cover for prospectus liability, the Companies Act 2013 triggers that drive the exposure, who POSI protects that D&O does not, and why a multi-year structure matches the liability tail.

By Sarvada Editorial Team

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Insurance Products - June 25, 2026 - 10 min read

ECGC's Larger Balance Sheet: What the Maximum Liability Expansion Unlocks for Project and Long-Credit Exporters

A Rs 4,400 crore capital infusion is lifting ECGC's Maximum Liability toward Rs 2.03 lakh crore. For brokers serving project exporters, capital-goods sellers and overseas EPC firms, the higher ceiling reopens medium and long-term, buyer's-credit and NEIA-backed deals that ECGC previously could not carry.

By Sarvada Editorial Team

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Insurance Products - June 24, 2026 - 10 min read

The Credit Guarantee Scheme for Exporters: A Collateral-Free Lending Backstop Brokers Should Sit Beside Trade Credit Cover

The CGSE gives lenders a 100% NCGTC guarantee on up to Rs 20,000 crore of fresh collateral-free credit to exporters. It protects the bank, not the receivable. Brokers advising MSME exporters need to map it against ECGC cover and private trade credit insurance so clients buy the right instrument.

By Sarvada Editorial Team

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Insurance Products - June 23, 2026 - 11 min read

The Code on Social Security and Aggregator Cover: Pricing Group Insurance Off a 1 to 2 Percent Turnover Levy

With the Social Security (Central) Rules in force since early May 2026 and the e-Shram onboarding deadline of June 21 now past, aggregators must fund platform-worker welfare from a turnover levy. This is a guide to converting that levy into defensible group life, disability, accident and health cover for gig riders.

By Sarvada Editorial Team

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Insurance Products - June 21, 2026 - 10 min read

EPR Packaging Rules 2026: The Environmental-Compensation Liability Producers Now Need to Insure

The expanded EPR for Packaging regime live from April 2026 turns producer responsibility into hard money: CPCB environmental compensation on shortfall tonnage plus per-day continuing penalties. Standard public liability policies exclude all of it, so brokers must design compliance-cost and pollution wordings for every PIBO client.

By Sarvada Editorial Team

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Insurance Products - June 20, 2026 - 11 min read

Surety Bonds Reach the Power Sector: What the Ministry of Power's April 2026 Move Means for Bid and Performance Security

On 6 April 2026 the Ministry of Power accepted insurance surety bonds as an alternative to bank guarantees across all power procurement frameworks, from solar and wind to BESS and transmission. Brokers placing for IPPs, EPC firms and equipment suppliers now have to master surety underwriting, indemnity and recovery.

By Sarvada Editorial Team

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Insurance Products - June 19, 2026 - 10 min read

The RELIEF Scheme 2026: How War-Risk Export Cover Now Works for India's West Asia Trade

ECGC's RELIEF Scheme layers extra political and war-risk cover on top of ordinary export credit insurance for Gulf shipments hit by Hormuz disruption. This guide maps its three components, the country list, the freight-surcharge reimbursement, and the per-shipping-bill claim steps brokers must now run as the Component II dispatch window closes.

By Sarvada Editorial Team

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Insurance Products - June 18, 2026 - 8 min read

Commercial General Liability in India 2026: What CGL Covers, What It Does Not, and the Tender Trap

Commercial general liability is the cover Indian contractors and businesses are most often required to carry for tenders, and the one they most often misunderstand. This piece sets out what CGL actually covers, how it differs from public and product liability, why completed-operations and contractual-liability terms decide real claims, and how to avoid the trap of a certificate that satisfies the tender but not the exposure.

By Sarvada Editorial Team

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Insurance Products - June 18, 2026 - 10 min read

Using the 2025 Regulatory Sandbox to Get a Novel Commercial Cover to Market: A Broker and Insurer Playbook

IRDAI's Regulatory Sandbox Regulations 2025 widened the testing scope to any innovation across the insurance value chain, carving out only prudential matters. This is a practical route for parametric, blockchain-verified and AI-priced commercial covers. Here is how brokers and insurers can push a specific product through the gates.

By Sarvada Editorial Team

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Insurance Products - June 17, 2026 - 13 min read

Intellectual Property Infringement and Defence Insurance for Indian Technology, Pharma and Manufacturing Firms in 2026

Indian technology, pharmaceutical and manufacturing firms face rising patent, trademark and copyright disputes as they scale into export markets where IP litigation is routine. This post sets out what IP infringement-defence and enforcement cover do, how they overlap with technology errors-and-omissions and product liability, why the Indian market still leans on global capacity, and which firms actually need the cover.

By Sarvada Editorial Team

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Insurance Products - June 17, 2026 - 16 min read

Subcontractor Default Insurance for Indian EPC and Infrastructure Contractors: A First-Party Alternative to the Bond in 2026

Subcontractor default insurance lets a principal contractor insure itself directly against the cost of a subcontractor's default, a first-party answer that works differently from the three-party surety or performance bond. This post sets out what SDI covers, how it differs from a bond, the prequalification underwriting it rests on, the deductibles and co-pay that keep the contractor engaged, and the nascent Indian market for it.

By Sarvada Editorial Team

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Insurance Products - June 16, 2026 - 8 min read

Group Personal Accident Cover for the Indian Workforce in 2026: Beyond the Bank-Bundled Token Sum

Most Indian employees are nominally covered by some group personal accident policy, but the cover is often a token sum bundled with a bank account and unrelated to what a death or disability actually costs the family. This piece sets out how employer GPA works, how it interacts with the Employees' Compensation Act and labour-code obligations, and how to structure a benefit that protects the workforce rather than the compliance file.

By Sarvada Editorial Team

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Insurance Products - June 15, 2026 - 8 min read

Warranty and Indemnity Insurance for Indian M&A in 2026: From Niche to Deal Infrastructure

Warranty and indemnity insurance, once a feature of only the largest cross-border buyouts, is becoming standard deal infrastructure for mid-market Indian M&A. This piece explains what W&I actually covers, how synthetic warranties, tax liability cover and the underwriting process work, and how buyers and sellers should approach the cover as it moves into the domestic deal mainstream.

By Sarvada Editorial Team

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Insurance Products - June 13, 2026 - 9 min read

Marine Delay in Start-Up in India 2026: The Trigger, the Time Excess and the Slip the Cover Will Not Answer

When a turbine, transformer or reactor bound for an Indian plant is wrecked or lost at sea, the cargo policy pays for the kit, yet the schedule still slips and the first revenue still vanishes. Marine delay in start-up is the named-section cover that answers that slip, and it answers it only through a strict causation gate: insured transit damage to a schedule-defining item, measured past a waiting-period time excess. This piece works the trigger, the time excess and the indemnity-period mechanics, and draws the firm line between an insurable schedule slip and the everyday slippage the section was never written to absorb.

By Sarvada Editorial Team

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Insurance Products - June 12, 2026 - 14 min read

Contractors Plant and Machinery (CPM) Insurance for Indian Construction and Infrastructure Firms in 2026

An excavator, a crawler crane or a batching plant is a capital asset in its own right, and the own-damage cover that protects it is neither the project-wide contractors all-risks policy nor the breakdown cover for fixed machinery. This post sets out what CPM own-damage cover actually insures on owned and hired construction equipment, how its all-risks scope differs from CAR and from machinery breakdown, how hired-in plant and continuing hire charges are picked up, and why the market-value sum-insured basis decides what the contractor recovers.

By Sarvada Editorial Team

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Insurance Products - June 11, 2026 - 10 min read

Erection All Risks and ALOP for Indian Infrastructure 2026: Covering Plant Erection, Hot Testing and the Commissioning Date

On a power plant, a process unit or a renewables installation, the dangerous moment is not the civil works but the first energisation of erected plant during testing and commissioning. This piece sets out how erection all risks (EAR) covers mechanical erection, testing and the defects-liability maintenance period, how the DE3/DE4/DE5 defects ladder decides consequential-damage claims, and how advance loss of profits anchored to the scheduled commissioning date protects an infrastructure developer's drawdown.

By Sarvada Editorial Team

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Insurance Products - June 10, 2026 - 14 min read

Subsea Cable and Cable-Landing-Station Insurance in India 2026: Anchor Drag, Repair-Vessel Delay and Denial of Connectivity

Submarine cables and their landing stations are a specialty insurance line behind India's data-centre and AI build-out. This post sets out the key exposures, from anchor drag and repair-vessel delay to denial of connectivity, and how the programme is built across marine, engineering, property and liability.

By Tarun Kumar Singh

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Insurance Products - June 8, 2026 - 15 min read

Specie Insurance in India 2026: Cash, Bullion, Jewellers Block and Fine Art Cover for High-Value Asset Holders

Specie insurance covers high-value cash and valuables in vaults, in custody and in transit for banks, jewellers, bullion dealers, museums and vault operators. This buyer's guide explains what specie covers, how it differs from a standard burglary policy, vault cash-rating and warranties, valuation, exclusions, underwriting and claims.

By Sarvada Editorial Team

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Insurance Products - June 7, 2026 - 12 min read

Intangible-Asset and IP Collateral Insurance in India 2026: Insuring Brand and Patent Value to Unlock Lending

A new class of cover is taking shape in India: intangible-asset and IP-value insurance that protects the value of patents, brands and trade secrets so they can serve as collateral for lending. This is distinct from IP-litigation defence cover. This piece explains how value-impairment and residual-value structures work, who buys them (startups, lenders, CFOs), how they are underwritten, and why valuation is the central problem.

By Sarvada Editorial Team

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