Assets Insurance Service - Assets Insurance Services- SF& SP Insurance Policy of TVHPP & LTHPP incl
Ntpc Limited
CHAMOLI, UTTARAKHAND
Posted:
23 May 2025
Closed:
19 June 2025
GEM
GEM
NTPC Limited Insurance Policy Tender Chamoli Uttarakhand 2026 - SF & SP Insurance, Terrorism Coverage TVHPP-LTHPP
Bid Publish Date
01-Jun-2026, 6:08 pm
Bid End Date
11-Jun-2026, 6:00 pm
Location
Progress
Issue01-Jun-2026, 6:08 pm
AwardPending
Quantity
1
Bid Type
Two Packet Bid
Key Highlights
- • Asset insurance coverage for TVHPP & LTHPP in Chamoli, Uttarakhand
- • Terrorism Insurance policy component included
- • Up to 25% variation in contract quantity or duration
- • Buyer Added ATC clauses referenced; asset-list-based coverage
- • No BOQ items; consolidated insurance procurement
- • Emphasis on underwriting capacity for energy assets
- • Policy activation upon award; asset-list alignment required
Tender Overview
NTPC Limited invites bids for SF & SP Insurance Policy covering TVHPP & LTHPP assets in Chamoli, Uttarakhand 246401. Scope includes Terrorism Insurance coverage as specified in tender documents. The tender references asset insurance across linked plants with ATC clauses enabling up to 25% variation in contract quantity or duration. No BOQ items are listed, indicating a consolidated insurance coverage arrangement rather than itemized procurement. This opportunity targets bidders with robust asset risk management and strong underwriting capabilities, seeking to provide comprehensive property, terrorism, and associated risk cover. The absence of a detailed BOQ suggests a high-level policy package rather than discrete line items.
Technical Specifications & Requirements
- Asset scope: assets listed in attached asset list and as per bidding documents (insurance coverage obligation)
- Policy coverage type: SF & SP Insurance Policy for TVHPP & LTHPP with Terrorism Insurance component
- Contract terms flexibility: up to 25% increase/decrease in quantity or duration at issue of contract; post-issuance adjustment capped at 25%
- ATC reference: Insurance terms aligned with Buyer Added ATC clauses; ensure asset coverage adheres to bidding terms
- Documentation expectation: insurance providers must demonstrate capability to insure complex energy assets and supply chain risks; evidence of underwriting capacity is essential
- Special clause: Insurance coverage to be in line with attached asset list and tender terms
Terms, Conditions & Eligibility
- ATC clause: Quantity/duration can be adjusted by up to 25%; bidders must accept revised scope
- Coverage requirement: Asset insurance with terrorism risk coverage for TVHPP & LTHPP per attached terms
- Documentation: Compliance with buyer ATCs; submission of policy wordings and rider details
- Delivery/activation: Insurance policy effective upon contract award; alignment with asset list
- Vendor qualification: Underwriting capacity for large-scale energy assets in Uttarakhand; financial stability demonstrated
- Other terms: Processes and ATCs uploaded in the bidder documents; refer to accompanying ATC file for specifics
Key Specifications
-
Asset insurance scope for TVHPP & LTHPP
-
Terrorism insurance rider included
-
Contract variation up to 25% (quantity/duration)
-
ATC terms incorporated via uploaded ATC document
-
Policy activation aligned to asset-list attached
Terms & Conditions
-
Variation in contract scope up to 25%
-
Terrorism coverage integral to policy
-
Submit policy wordings and ATC-compliant documents
Important Clauses
Payment Terms
Not applicable to insurance bid; policy premium payable as per final policy terms
Delivery Schedule
Policy effective date upon contract award; activation per asset list alignment
Penalties/Liquidated Damages
No explicit LD indicated; penalties governed by policy terms and regulatory requirements
Bidder Eligibility
-
Underwriting capacity for energy/assets insurance in India
-
Experience in SF & SP Insurance and terrorism risk coverage
-
Financial strength to support large asset insurance commitments
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Assets Insurance Service - SF & SP Insurance Policy of TVHPP & LTHPP including Terrorism Insurance Policy coverage as mentioned in tender documents; SF & SP Insurance Policy of TVHPP & LTHPP including Terrorism Insurance Policy coverage as mentioned ..
Authority Records
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Documents 6
GeM-Bidding-9404973.pdf
Main Document
BOQ Document
BOQ
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Historical Data
Required Documents
1
GST registration certificate
2
PAN card
3
Experience certificates in asset/property insurance
4
Financial statements demonstrating underwriting strength
5
EMD/Security deposit documentation (as applicable to insurance bids)
6
Technical bid documents and policy wordings
7
OEM authorizations or broker/agency authorization
8
Policy riders demonstrating terrorism coverage
Frequently Asked Questions
Key insights about UTTARAKHAND tender market
How to bid for NTPC Chamoli asset insurance tender 2026
Bidders must submit GST, PAN, experience certificates, financial statements, EMD documents, and technical bid with policy wordings. Ensure terrorism insurance rider is included and demonstrate underwriting capacity for TVHPP & LTHPP assets. Follow ATC terms and attach the uploaded ATC document.
What documents are required for NTPC asset insurance bid in Uttarakhand
Required documents include GST registration, PAN, experience certificates in asset insurance, financial statements, EMD/security deposit, technical bid, OEM broker authorizations, and policy wordings with terrorism coverage. Ensure asset-list alignment and reference to ATC clauses in submission.
What are the key technical specifications for NTPC insurance bid 2026
Key specs include SF & SP insurance policy for TVHPP & LTHPP with terrorism coverage, asset-list-based coverage, and adherence to ATC terms. Policy activation occurs on award, with potential 25% scope variation allowed post-issuance.
When will NTPC Chamoli asset insurance bid be activated
Activation occurs upon contract award; the policy must align with the attached asset list and terrorism coverage requirements. Ensure timely submission of wordings and rider details to enable rapid activation post-award.
What is the scope of terrorism coverage in this NTPC tender
The tender specifies inclusion of Terrorism Insurance coverage for TVHPP & LTHPP assets. Insurers must provide riders that cover terrorism-related risks, integrated with SF & SP policy terms and asset-list requirements.
What is the variation allowed in contract scope for this bid
The buyer allows up to 25% increase or decrease in contract quantity or duration at contract issue, with a post-issuance cap of 25% for lumpsum contracts, requiring consent for scope changes.
What standards or ATCs govern this NTPC insurance bid 2026
ATC clauses govern submission; bidders must attach the ATC document and ensure policy terms comply with asset-list coverage and terrorism rider, with activation aligned to final contract terms.
Where can bidders find the asset list for coverage
Asset list is attached to the bidding documents; bidders must reference it to tailor SF & SP coverage and terrorism riders, ensuring alignment with TVHPP & LTHPP assets.
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Documents 6
GeM-Bidding-9404973.pdf
Main Document
BOQ Document
BOQ
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS