Hindustan Aeronautics Limited Insurance Tender for 8.4 MW Wind Power Plant Ilkal Bagalkot 2025 – Public Sector Insurance Policy Standards
Progress
Quantity
2
Bid Type
Two Packet Bid
Key Highlights
- • Public sector/government insurance company eligibility only
- • Burglary First Loss coverage at 25% of IDV for 8.4 MW wind plant
- • Fire & Special Perils policy included
- • Policy validity through 03.01.2026 with renewal to 02.01.2027
- • Estimated contract value around ₹604,869.00
- • Annexure-1 scope governs policy specifics
- • ATC document uploaded; bidder must review terms
- • No BOQ items; emphasis on policy coverage and renewal terms
Categories
5
Tender Overview
Organization: Hindustan Aeronautics Limited (HAL) under the Department of Defence Production. Product/Service: Custom Bid for Insurance services including Fire & Special Perils and Burglary First Loss Policy for an 8.4 MW wind power plant located near Ilkal, Bagalkot District. Estimated value: ₹604,869.00. Location: Karnataka. Scope: Policy coverage per Annexure-1 with first loss burglary at 25% of IDV and fire & special perils coverage. The contract requires renewal coverage for the period 03.01.2026 to 02.01.2027. Unique aspect: only Public Sector/Government Insurance companies are eligible to bid; annual renewal is mandated.
Technical Specifications & Requirements
- Policy types: Fire & Special Perils; Burglary First Loss (25% of IDV) for an 8.4 MW wind power plant.
- Eligibility: Bidders must be Public Sector/Government insurance providers.
- Validity window: Policy valid through 03.01.2026 with renewal for 03.01.2026 to 02.01.2027.
- Location context: Wind power facility near Ilkal, Bagalkot District, Karnataka; annexure scope governs coverage specifics.
- Documentation expectations: ATC document uploaded by buyer; ATC terms apply.
- Value indicators: Estimated value around ₹604,869.00, signaling a mid-sized coverage requirement.
- No BOQ items: No quantitative tender items listed; emphasis on policy coverages and provider eligibility.
Terms, Conditions & Eligibility
- EMD/Security: Not specified in data; bidders should verify EMD requirements per buyer ATC.
- Eligibility: Only Public Sector/Government Insurance companies may participate.
- Renewal obligation: Renewal of insurance policy required for 2026-27 period.
- Delivery/Effective date: Coverage required to be active from 03.01.2026; renewal effective date aligned with policy year boundaries.
- Geography: Coverage applicable to wind power facility at Ilkal, Bagalkot District, Karnataka.
- ATC documents: ATC document uploaded by buyer; bidders must review and comply with attached terms.
- Payment/Claims: Specific payment terms and claim settlement windows are defined in standard government insurance policy terms.
Key Specifications
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Policy type: Fire & Special Perils for wind power plant
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Coverage: Burglary First Loss at 25% of IDV
-
Estimated value: ₹604,869.00
-
Location: Ilkal, Bagalkot District, Karnataka
-
Policy validity: 03.01.2026 to 02.01.2027 renewal
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Eligibility: Public Sector/Government Insurance providers
Terms & Conditions
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Eligibility restricted to public-sector/government insurers only
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Policy must cover Fire & Special Perils plus 25% IDV burglary
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Renewal required for the 2026-2027 period
Important Clauses
Payment Terms
Not explicitly detailed; bidders should refer to ATC for government insurance payment schedule and claim settlement timelines
Delivery Schedule
Policy to be active from 03.01.2026 with renewal by 02.01.2027 as per Annexure-1 scope
Penalties/Liquidated Damages
Not specified in provided data; verify terms in ATC and standard government insurance policy guidelines
Bidder Eligibility
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Must be a Public Sector/Government insurance company
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Evidence of prior government insurance policy participation
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Financial solvency demonstrated by audited statements
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Custom Bid for Services - Standard Fire & Special Perils Policy for 8,4 MW wind power plant located near Ilkal, Bagalkot District as per scope inAnnexure-1 , Custom Bid for Services - Burglary standard First Loss Policy (25% of IDV) for 8,4 MW wind power plant located near Ilkal, Bagalkot District as per scope in Annexure-1
Authority Records
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Documents 14
GeM-Bidding-8635753.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
Other Documents
OTHER
BOQ Document
BOQ
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Required Documents
GST registration certificate
PAN card
Experience certificates in public sector insurance participation
Financial statements demonstrating solvency
EMD/Security deposit as per ATC (if applicable)
Technical bid documentation or policy proposal templates
OEM/insurer authorization or accreditation for government tenders
ATC compliance documents and referenced annexures
Corrigendum Updates
3 Updates Update
Extended Deadline
19-Dec-2025, 10:00 am
Opening Date
19-Dec-2025, 10:30 am
Update
Extended Deadline
15-Dec-2025, 10:00 am
Opening Date
15-Dec-2025, 10:30 am
Update
Extended Deadline
10-Dec-2025, 10:00 am
Opening Date
10-Dec-2025, 10:30 am
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 16-12-2025 11:01:37 | |
| 2 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | 03-12-2025 17:49:42 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | THE ORIENTAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Custom Bid for Services - Standard Fire & Special Perils Policy for 8,4 MW wind power plant located | |
| L2 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Custom Bid for Services - Standard Fire & Special Perils Policy for 8,4 MW wind power plant located |
Frequently Asked Questions
Key insights about KARNATAKA tender market
How to bid for HAL wind plant insurance tender in Karnataka 2025?
Bidders must be Public Sector/Government insurers, provide ATC-compliant policy proposals, submit GST/PAN, financials, and prior government-insurance experience. The 8.4 MW wind plant near Ilkal requires Fire & Special Perils plus Burglary First Loss at 25% IDV; renewal terms apply for 2026-2027.
What documents are required for HAL wind insurance submission Karnataka?
Submit GST certificate, PAN, company financials, experience certificates in public sector insurance, ATC-compliant policy proposal, insurer authorization, and EMD if applicable per ATC. Include Annexure-1 scope alignment and 25% IDV burglary coverage details.
What is the Burglary First Loss coverage percentage for the wind plant?
Burglary First Loss coverage is set at 25% of IDV for the 8.4 MW wind power plant near Ilkal, as specified in the tender terms. Ensure policy quotes reflect this exact first-loss percentage.
When is the policy validity and renewal window for the wind project?
The policy is valid through 03.01.2026 with renewal required for the period 03.01.2026 to 02.01.2027, as per buyer terms. Bid bids must reflect continuity and renewal readiness for the 2026-2027 cycle.
What standards or certifications are required for HAL wind insurance?
The tender specifies government insurer eligibility; ensure compliance with standard government insurance procedures and any ATC-specified certifications. ISO/IS standards are not explicitly listed; verify via ATC attachment and Annexure-1 scope.
What is the estimated contract value for the HAL wind policy?
The estimated value is ₹604,869.00, indicating scope for Fire & Special Perils plus Burglary First Loss coverage for the Ilkal wind plant; ensure premium estimates align with this value in bids.
How will renewal terms affect the wind power plant insurance contract?
Renewal terms imply continued coverage for 2026-2027; bidders must commit to renewing the policy at year-end and provide continuity clauses, premium adjustments, and claim settlement terms consistent with HAL ATC requirements.
What is the location context for the wind plant policy in Karnataka?
Coverage pertains to an 8.4 MW wind power plant near Ilkal, Bagalkot District, Karnataka; bidders must tailor policy quotes to the geographic risk profile and regulatory context of this site.
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Documents 14
GeM-Bidding-8635753.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
Other Documents
OTHER
BOQ Document
BOQ
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS