Bonds Insurance,format

Making the right choice to mitigate the risks brought about by the breach of contracts, agreements or provisions of the law is imperative to sound business and one’s protection.

A bond is a three-party agreement where AXA Philippines assures the performance of an obligation of the bond applicant (principal/obligor) to a third party (obligee/bond beneficiary), by virtue of the contract or as required by law.


Guarantees financial indemnification to the obligee in the event that the principal/obligor defaulted or failed to perform the terms and conditions stipulated in the contract or court order. The bond guarantees that if undertaking written on the agreed contract is not complied/performed, the obligee will be indemnified.