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Jawaharlal Nehru Port Trust Insurance Tender Raigad Maharashtra Mega Risk Insurance 2025

Bid Publish Date

23-Dec-2025, 7:45 pm

Bid End Date

22-Jan-2026, 8:00 pm

Value

₹18,00,00,000

Location

RAIGAD , MAHARASHTRA

Progress

Issue23-Dec-2025, 7:45 pm
Corrigendum09-Jan-2026
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • Organization: Jawaharlal Nehru Port Trust (JNPT)
  • • Location/Region: RAIGAD, MAHARASHTRA
  • • Product Category: Mega Risk Insurance + Property Damage Cover + STFI + BI + Terrorism
  • • Estimated Value: ₹180,00,000,000
  • • Contract flexibility: ±25% quantity or duration pre-issuance; ±25% post-issuance
  • • ATC dependency: Bidders must follow Buyer Added ATC and uploaded ATC document
  • • No BOQ items; procurement is policy-based insurance coverage rather than goods/services
  • • Key risk covers: storm, flood, terrorism, business interruption, earthquakes (peril list as per category)

Categories 1

INSURANCE SERVICE

Tender Overview

Jawaharlal Nehru Port Trust seeks a comprehensive assets insurance service package for multi-risk coverage, including Standard Fire & Special Perils (STFI), storm, flood, business interruption, terrorism, and related perils at the RAIGAD district facility in MAHARASHTRA. The engagement targets full insurance of assets with an estimated value of ₹180,00,00,000. The contract scope centers on mega risk insurance and property damage cover, with emphasis on coverage breadth and risk management for port operations. The tender notes a flexible commercial approach via an option clause allowing a ±25% change in quantity or duration before contract issuance; post-issuance, adjustments capped at ±25%. The absence of BOQ items indicates a broad, policy-based procurement, prioritizing insurer capability, claim handling efficiency, and policy terms. This opportunity requires bidders to demonstrate robust flood, storm, terrorism, and business interruption risk coverage capabilities, aligned with port sector requirements, and to submit comprehensive insurance wordings and endorsements. This tender offers a large-scale, long-tail insurance procurement, with potential impact on overall port risk mitigation and business continuity.

Technical Specifications & Requirements

  • Organization: Jawaharlal Nehru Port Trust (JNPT)
  • Location: RAIGAD, MAHARASHTRA - 400001
  • Category: Assets Insurance Service – Mega Risk Insurance; including Property Damage Cover, STFI, Storm/Typhoon/Hurricane/Tornado, Flood/Inundation, Business Interruption (Loss of Profit), Terrorism Cover, Earthquakes
  • Estimated Value: ₹180,00,000,000
  • EMD: Not specified
  • BOQ Items: Not available (0 items)
  • Delivery/Term Details: Not specified; contract quantity/duration may adjust up to ±25% per ATC before issuance
  • Quality/Compliance: Requires comprehensive multi-risk insurance coverage for port assets and operations; no explicit standards listed in the data provided
  • Documentation: Adhere to buyer ATC; exact documents not enumerated in data
  • Special Clauses: ATC document uploaded; options for quantity/duration adjustments exist

Terms, Conditions & Eligibility

  • EMD: Amount not specified; bidders must consult ATC for exact figure
  • Experience: Not specified in available data; bidders should reference ATC for eligibility criteria
  • Delivery: Delivery timeline not provided; ATC may govern completion windows
  • Payment Terms: Not specified in the provided data
  • Documents: GST, PAN, financials, prior policies, endorsements, and OEM endorsements are typical but not enumerated here; refer to ATC for exact submissions
  • Warranty/Support: Not specified; would be governed by insurance policy terms and client requirements
  • Penalties: Not detailed; penalties, if any, would be in the ATC and policy terms

Key Specifications

    • Insurance coverage: Mega Risk Insurance including Property Damage Cover, STFI (Standard Fire & Special Perils), Storm/Typhoon/Hurricane/Tornado, Flood and Inundation, and Business Interruption (Loss of Profit) Cover
    • Coverage area: Port assets and operations at Jawaharlal Nehru Port Trust
    • Policy limits: Not specified in available data; refer to ATC for exact sum insured and sub-limits
    • Additional perils: Terrorism Cover and Earthquake coverage as part of category
    • Renewal/endorsement: Endorsements and adjustments to be aligned with contract terms and ATC

Terms & Conditions

  • Premium payment terms to be defined in ATC and policy wordings

  • Quantity/duration adjustment window up to ±25% before issuance; ±25% after issuance

  • Compliance with Buyer Added ATC; uploaded ATC document governs critical terms

  • No BOQ items; procurement is policy-based insurance agreement

Important Clauses

Payment Terms

Payment terms to be stated in ATC and policy endorsements; exact timing and milestones to be confirmed with tender documents

Delivery Schedule

Policy effective date and renewal terms to be specified; interim coverage only as per policy wordings

Penalties/Liquidated Damages

LD provisions to be defined in ATC; standard insurance procurement penalties may include non-compliance penalties for policy lapses

Bidder Eligibility

  • Experience in providing mega-risk insurance for large assets, preferably port authorities

  • Demonstrated ability to underwrite multi-peril coverage including STFI and BI

  • Financial capacity to support ₹180 crore coverage, with suitable solvency proof

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates from similar mega-risk insurance projects

4

Financial statements (last 3 years) demonstrating financial stability

5

EMD/SECURITY deposit submission as per ATC (if specified)

6

Technical bid documents showing policy wordings and endorsements

7

OEM authorizations or underwriter confirmations (if applicable)

8

Existing policy copies and endorsements for risk transfer capabilities

Corrigendum Updates

2 Updates
#1

Update

09-Jan-2026
#2

Update

05-Jan-2026

Frequently Asked Questions

Key insights about MAHARASHTRA tender market

How to bid for JNPT mega risk insurance in Raigad Maharashtra 2025

Bidders must submit GST, PAN, financial statements, and experience certificates; ensure policy wordings align with STFI, BI, and terrorism coverage. Follow Buyer's ATC; include OEM authorizations and endorsements. The estimated value is ₹180 crore; ensure your bid demonstrates capability to underwrite multi-peril port insurance and provide prompt claim handling.

What documents are required for JNPT port insurance procurement 2025

Required submissions include GST registration, PAN, last 3 years financials, experience certificates for mega-risk insurance, policy wordings, endorsements, OEM authorizations if applicable, and prior policy copies. Attach EMD as specified in ATC and ensure compliance with purchase terms and conditions.

What coverage is included in the JNPT assets insurance tender 2025

The policy covers Mega Risk Insurance, Property Damage, STFI, Storm/Typhoon/Hurricane/Tornado, Flood/Inundation, Business Interruption, Terrorism, and Earthquake risk. Ensure limits, sub-limits, and endorsements reflect port operation needs, and verify renewal terms under ATC guidance.

What are the payment terms for JNPT insurance procurement Raigad

Payment terms will be defined in the ATC and policy documents. Expect standard insurer terms—premiums payable upfront or as annual installments, with claim settlement processes governed by policy wordings. Exact timelines will be confirmed in the ATC upon bid submission.

How to verify EMD and bid security requirements for this tender

EMD details are not specified in the data; bidders must consult the ATC document for the exact security deposit requirement, including mode of payment, applicable percentage, and validity period aligned with bid submission and contract award.

What are the eligibility criteria for port insurance bidders 2025

Bidder eligibility requires prior mega-risk port insurance experience, demonstrated underwriting capacity for ₹180 crore value, financial stability, and compliance with ATC. Providers should present credible loss history, risk mitigation capabilities, and endorsements suitable for STFI and BI coverages.

Where to find the complete ATC and endorsement details for this tender

Complete ATC and uploaded ATC documents are accessible through the tender portal’s attachments section. Review the ATC for quantity/duration flexibility, submission requirements, and any special clauses related to policy wordings and endorsements before bidding.