GEM

Rajiv Gandhi Centre For Aquaculture Fire Insurance Tender 2025 India STFI Earthquake Cover - Standard Fire & Perils

Q: What documents are required for fire insurance tender submission in India?

Required documents include **GST certificate**, **PAN card**, prior insurance service experience certificates, financial statements, EMD documentation (if specified in ATC), technical compliance certificates, and OEM authorizations. Additional ATC-specified forms must be completed accurately for eligibility.

Q: What standards govern the fire insurance coverage for this aquaculture tender?

Coverage includes **Standard Fire & Special Perils (STFI)**, plus **Earthquake** and other natural calamities; ensure policy language aligns with these perils and any special clauses in the ATC. Verify any mandated rider for cyclones and floods.

Q: Are there any special quantity or duration adjustments bidders must plan for?

Yes, bidders must plan for up to **25%** adjustment in contract quantity or duration at contract issuance, and a further 25% post-issuance. Prepare pricing models that accommodate flexible policy limits and premium adjustments accordingly.

Q: What is the estimated contract value for the fire insurance tender?

The tender lists an **estimated value of ₹143,098.00** for the fire insurance and multi-peril coverage. Bidders should calibrate premiums to this scope while including STFI and earthquake cover in the quote.

Bid Publish Date

28-Nov-2025, 5:20 pm

Bid End Date

08-Dec-2025, 6:00 pm

Value

₹1,43,098

Location

SOUTH ANDAMANS , ANDAMAN & NICOBAR

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Progress

Issue28-Nov-2025, 5:20 pm

Technical12-Jun-2025, 11:49 am

Financial

Award26-Dec-2025, 12:06 am

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Quantity

Bid Type

Two Packet Bid

Categories 1

INSURANCE SERVICE

Tender Overview

Rajiv Gandhi Centre For Aquaculture seeks an insurance service for Fire Insurance with Standard Fire & Special Perils (STFI), plus Earthquake, Storm, Flood and other natural calamities. The estimated value is ₹143,098.00; no explicit EMD amount listed. Location details are not specified in the tender data. The contract includes optional coverage extensions and a 25% quantity/duration adjustment at contract issue and post-issuance. Unique terms include an excess settlement option for added charges, with mandatory supporting documents. This tender emphasizes comprehensive multi-hazard insurance for aquaculture assets and associated risk mitigation.

Technical Specifications & Requirements

Insurance coverage: Fire Insurance + STFI + Earthquake + Cyclones and other natural calamities; optional enhancements may apply.
Applicable perils: Storm, Typhoon, Hurricane, Tornado, Flood and Inundation; Earthquake included; additional natural calamities may be covered under standard policy wording.
Value reference: Estimated value ₹143,098.00; no specified EMD provided in the data.
Terms to note: 25% quantity/duration flex at bid issuance; after issue, expansion limited to 25%.
Excess settlement: bidders may claim additional charges up to a defined percentage; must declare applicability during invoicing with supporting documents.
BOQ: No items listed; BOQ section shows Total Items: 0.

Terms, Conditions & Eligibility

EMD: amount not disclosed in the tender; bidders should verify payment terms in ATC.
Quantity/duration: revised up to 25% at contract issue; post-issuance also permissible within the same limit.
Payment terms: to be confirmed in ATC; bidders should prepare standard insurance bid documents and financials.
Documentation: GST certificate, PAN, prior experience certificates, financial statements, OEM authorizations, and technical compliance as required by the ATC.
Penalties/ warranties: not detailed in the provided data; bidders must review ATC for risk mitigation provisions.
Eligibility: no explicit experience years or turnover specified in the data; bidders should review the ATC for qualification criteria.

Key Specifications

Insurance category: Fire Insurance with STFI cover and natural calamity add-ons
Perils included: Storm, Typhoon, Hurricane, Tornado, Flood and Inundation, Earthquake
Estimated contract value: ₹143,098.00
Flexibility: 25% quantity or duration adjustment at bid issuance and post-issuance
Excess settlement: additional charges up to a specified percentage allowed, with mandatory supporting documents

Terms & Conditions

Key term: 25% quantity/duration adjustment at contract issue and post-issuance
Key term: excess settlement allowed with declared applicability and supporting documents
Key term: EMD amount not disclosed; verify in ATC and tender documents

Important Clauses

Payment Terms

Payment terms to be clarified in ATC; bidders should anticipate standard premium payment upon policy issuance or renewal.

Delivery Schedule

Policy issuance and renewal timelines will be defined in the ATC; expect timely premium remittance on policy start dates.

Penalties/Liquidated Damages

No explicit LDs in data; review ATC for penalties related to claim settlement delays or policy lapses.

Bidder Eligibility

GST registered bidder with sound financials and prior insurance procurement experience
Authorized and compliant with local regulatory requirements for insurance services
Capability to service multi-hazard fire and natural calamity insurance with STFI

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

Bid To RA Enabled

Item Category

Assets Insurance Service - Fire Insurance; Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Earthquake Cover, Cyclones and other natural calamities; Optional

Authority Records

MINISTRY OF COMMERCE AND INDUSTRYCOMMERCE DEPARTMENT

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Documents 5

GeM-Bidding-8558189.pdf

Main Document

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS