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Tata Memorial Centre Liability Insurance Service Comprehensive General Liability Policies Tender Varanasi Uttar Pradesh 2026

Bid Publish Date

27-Feb-2026, 3:44 pm

Bid End Date

09-Mar-2026, 4:00 pm

Value

₹1,79,53,00,000

Progress

Issue27-Feb-2026, 3:44 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Categories 1

Tender Overview

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.

Technical Specifications & Requirements

  • Product/Service: Liability Insurance Service – Comprehensive general liability policies
  • Estimated value: ₹1,795,300,000
  • Location: Varanasi, Uttar Pradesh 221001
  • Organization: Tata Memorial Centre MP-MCC and HBCH Varanasi Madh
  • Category: Liability Insurance Service - Comprehensive general liability policies
  • Specifications status: No technical specs or BOQ items published; no start/end dates provided
  • Administrative context: Buyer-added terms allow contract quantity/duration adjustments up to 25% during issuance and post-issuance, binding bidders to revised terms
  • This tender requires alignment with high-value insurance coverage provisions suitable for a medical/atomic energy environment, implying robust policy terms, riders, and compliance readiness

Terms, Conditions & Eligibility

  • EMD/ security: Not explicitly stated in the available data
  • Delivery/term flexibility: Quantity/duration may be adjusted up to 25% at contract issue and post-issuance
  • Documents: Requires standard bid submission documents typical for large liability insurance, including organizational legitimacy, financial stability indicators, and policy compliance credentials
  • Qualification: No explicit numerical eligibility in the data; bidders should anticipate insurer licensure and track record in comprehensive liability policies for large institutional clients
  • Performance considerations: No penalty or warranty clauses published here; bidders should seek clarity on risk transfer, claim handling, and SLA expectations

Key Specifications

  • 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)

Terms & Conditions

  • 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

Important Clauses

Payment Terms

Not specified in data; bidders should await formal terms detailing premium payment schedule and settlement timelines

Delivery Schedule

No delivery dates published; bidders should prepare for policy issuance timelines aligned to contract award and onboarding

Penalties/Liquidated Damages

No LD details provided; bidders should verify post-award performance and risk transfer penalties with issuer

Bidder Eligibility

  • 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

Documents 5

GeM-Bidding-9056694.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates for liability insurance procurement (similar scale)

4

Financial statements (last 3 years)

5

Bid security/EMD documents (if applicable in terms)

6

Technical bid documents and policy compliance certificates

7

OEM authorizations or insurer authorization letters (if applicable)

Frequently Asked Questions

Key insights about UTTAR PRADESH tender market

How to bid for liability insurance tender in Varansi for 2026?

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.

What documents are required for liability policy tender in Uttar Pradesh?

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.

What is the estimated value and coverage scope for this Varansi liability tender?

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.

What are the delivery terms and contract quantity adjustments for this bid?

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.

Which organization is issuing the liability insurance procurement in Varansi?

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.

Are there any published technical specifications or standards for this insurance tender?

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.

What financial disclosures are required in the bid submission for this insurance contract?

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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