Liability Insurance Service - Product liability insurance
Bharat Petroleum Corporation Ltd
MUMBAI, MAHARASHTRA
Bid Publish Date
27-Feb-2026, 3:44 pm
Bid End Date
09-Mar-2026, 4:00 pm
Value
₹1,79,53,00,000
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
Organization: Tata Memorial Centre MP-MCC and HBCH Varanasi Madh, under the Department of Atomic Energy, invites bids for Liability Insurance Service – Comprehensive general liability policies in Varanasi, Uttar Pradesh. The project scope centers on securing broad liability coverage for the institution’s operations with an estimated value of ₹1,795,300,000. The tender location is Varanasi and the procurement category encompasses liability insurance services. A key differentiator is the sheer scale of coverage and the single-site requirement, with no BOQ items published. The tender emphasizes supplier capability to deliver a complete insurance program for a major medical/atomic energy context.
Product/Service: Liability Insurance Service – Comprehensive general liability policies
Estimated value: ₹1,795,300,000
Location: Varanasi, Uttar Pradesh
Category: Liability Insurance Service
No published BOQ items or technical specs
Expected coverage considerations for high-value institutional risk
Requirement to align with ISI/ISO-like standards or organization-specific risk guidelines (as applicable)
Contract quantity/duration may be adjusted by up to 25% at issue and post-issuance
EMD/Security requirements not clearly specified in current data
Delivery/compliance terms to be clarified; ensure policy terms cover high-value institutional risk
Not specified in data; bidders should await formal terms detailing premium payment schedule and settlement timelines
No delivery dates published; bidders should prepare for policy issuance timelines aligned to contract award and onboarding
No LD details provided; bidders should verify post-award performance and risk transfer penalties with issuer
Licensed liability insurer or insurance broker with authority to bind comprehensive general liability policies
Experience in large-scale institutional liability coverings (high value, medical/energy context preferred)
Financial stability evidenced by recent audited statements and insurance industry standing
Main Document
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OTHER
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GEM_GENERAL_TERMS_AND_CONDITIONS
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MUMBAI, MAHARASHTRA
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BANGALORE, KARNATAKA
Corporate Office
EAST DELHI, DELHI
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Bharat Dynamics Limited
Rangareddi, TELANGANA
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GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for liability insurance procurement (similar scale)
Financial statements (last 3 years)
Bid security/EMD documents (if applicable in terms)
Technical bid documents and policy compliance certificates
OEM authorizations or insurer authorization letters (if applicable)
Key insights about UTTAR PRADESH tender market
Bidders should prepare licensure as insurers or brokers, provide financial statements, GST/PAN, and experience certificates for large-scale liability policies. Ensure capability to cover ₹1.7953 billion estimated value, and await exact EMD and submission documents while aligning with the 25% quantity/duration adjustment clause.
Submit GST registration, PAN card, three years of financials, insurer/broker licenses, experience certificates for similar projects, technical bid, and any OEM authorizations. Also provide bid security if specified and policy compliance credentials to demonstrate scalable liability coverage capability.
The tender targets a total estimated value of ₹1,795,300,000 for-comprehensive general liability policies. Bidders should plan coverage breadth across medical/atomic energy risk domains, including third-party injury, property damage, and professional liability riders as applicable.
The buyer allows contract quantity or duration adjustments up to 25% at contract issuance and post-issuance. Bidders must accept revised quantities and durations and align policy deployments accordingly within approved timelines.
The procurement is issued by Tata Memorial Centre MP-MCC and HBCH Varanasi Madh under the Department of Atomic Energy, targeting comprehensive liability coverage for the Varanasi site.
No explicit technical specifications or standards are published in the current data. Bidders should be prepared to supply standard liability policy terms, risk transfer provisions, and compliance with institutional risk management norms during bid submission.
Submit recent audited financial statements, evidence of solvency, and insurer/broker financial stability indicators. Provide evidence of capacity to underwrite ₹1.7953 billion coverage and demonstrate historical claim-handling performance for large institutional clients.
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Main Document
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GEM_GENERAL_TERMS_AND_CONDITIONS