Hindustan Aeronautics Limited Fire and Marine Insurance Tender Kolkata West Bengal 2026 IS 550/ISO Standards Insurance Coverage

Tender Overview

Hindustan Aeronautics Limited (HAL) invites a yearly service contract for comprehensive fire and marine insurance at HAL BKP, Kolkata, West Bengal. Scope includes internal fire insurance with earthquake and terrorism cover for Inventory (₹140 Crore), WIP (₹40 Crore), and Capital Assets (₹44 Crore), totaling ₹224 Crore. Marine insurance covers inland materials (₹180 Crore) and inbound/outbound shipments, including air courier and sea cargo, for 17 Feb 2026 to 16 Feb 2027. The contract is to be executed on a single-year basis with possibility of renewal through the stated clause.

Key differentiators include inclusion of WAR/SRCC coverage for both inland and foreign materials and a structured declaration of dispatches/receipts within 15 days of rail/lorry/airway receipts. Insurance must be tendered through a public sector/government channel with limited tender conditions; price disclosure in technical bid is prohibited, and total price must be quoted in the financial bid incl. GST.

Technical Specifications & Requirements

• Insurance types: Fire insurance (with earthquake and terrorism) for inventory, WIP, and capital assets; Marine insurance (all risk including war and SRCC) for inland and foreign shipments.
• Coverage values: Inventory ₹140 Crore, WIP ₹40 Crore, Capital Assets ₹44 Crore; Inland materials ₹180 Crore; Foreign inbound/outbound materials per requirement.
• Period: 17.02.2026 to 16.02.2027; dispatch/receipt declarations within 15 days.
• Eligible bidders: Only Public Sector/Govt. entities may tender on Limited Tender basis; private bidders not considered.
• Delivery/installation: Insurance cover to be activated for specified risk profiles; address for delivery is HAL, 9 Topkhana Road, Barrackpore, Kolkata.

Terms, Conditions & Eligibility

• EMD/guarantee: Not explicitly specified in public data; bidders must follow HAL GeM terms for security deposit.
• Pricing: Total price for quantities to be disclosed in the financial bid; price in technical bid must be undisclosed.
• Contract flexibility: Buyer can adjust contract quantity or duration up to 50% at issuance and thereafter; bidder must accept revised terms.
• Sub-contracting/assignment: Prohibition without prior written consent; joint liability remains with the original seller.
• Insurance framing: Marine, product liability, asset, director liability considerations indicated; public sector tendering requirement emphasized.
• Contact/clarifications: Email contacts provided for queries; all discussions to be with HAL through official channels.