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Airports Authority Of India Renewal of Standalone OD Cover Chennai Airport Tamil Nadu 2026-27 - Hyundai Aura Insurance Renewal Tender

Bid Publish Date

06-Jan-2026, 7:32 pm

Bid End Date

13-Jan-2026, 8:00 pm

Value

₹8,430

Location

CHENNAI , TAMIL NADU

Progress

Issue06-Jan-2026, 7:32 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • IRDAI-registered PSU insurer requirement for OD renewal
  • • Nil Depreciation and Bumper-to-Bumper coverage with unlimited claims
  • • Single vehicle: Hyundai Aura TN 22 EE 1506 at Chennai Airport
  • • Renewal period: 28.01.2026 to 27.01.2027; third-party cover already in force
  • • Estimated renewal value: ₹8,430; no BOQ items
  • • Intermediaries not allowed; GeM Bid participation only

Categories 3

AGITATORS INSURANCE SERVICE TURBINE PUMPS

Tender Overview

The Airports Authority Of India (AAI), Chennai Airport, Tamil Nadu, seeks renewal of a standalone Own Damage (OD) insurance cover for a single Hyundai Aura (TN 22 EE 1506) registered at Chennai. The 1-year policy period runs from 28.01.2026 to 27.01.2027, continuing existing third-party coverage. The renewal explicitly requires Nil Depreciation/Bumper-to-Bumper coverage with unlimited claims and must be sourced from IRDAI-registered PSU insurers or their branch offices. Estimated value for the renewal is ₹8,430. The tender restricts participation to eligible insurers without intermediaries; this is a government procurement via GeM for AAI. Unique scope centers on standalone OD renewal for a pre-owned municipal vehicle at a major airport facility, emphasizing full policy continuity and claim flexibility.

Technical Specifications & Requirements

  • Vehicle: Hyundai Aura, Registration: TN 22 EE 1506
  • Coverage: Standalone Own Damage (OD) with Nil Depreciation and Bumper-to-Bumper terms
  • Claim tolerance: Unlimited number of claims during 1-year renewal
  • Period: 01 year from 28.01.2026 to 27.01.2027; vehicle already has a three-year Third Party cover from 28.01.2025 to 27.01.2028
  • Insurer eligibility: IRDAI-registered PSU Insurance Companies or their branch offices; intermediaries not permitted
  • Value: Estimated cost ₹8,430; location: Chennai Airport, Tamil Nadu
  • Compliance: No BOQ items; ensure policy aligns with government tender norms and GeM bid terms

Terms, Conditions & Eligibility

  • EMD: Not specified/Not applicable per tender details
  • Documentation: Upload all certificates and documents as required in the Bid Document, ATC, and any corrigendum
  • SOW scope: Renewal of standalone OD cover for the specified Hyundai Aura vehicle
  • Delivery/activation: Renewal period aligned to policy dates; seamless transition from existing policy
  • Submission constraints: IRDAI PSU insurer only; no insurance brokers/intermediaries; GeM bid compliance required
  • Penalties/terms: Follow GeM terms and any specific ATC; ensure policy issue before policy lapse
  • Warranty/AMC: Not detailed; ensure coverage validity during renewal window
  • Payment: Terms to be defined in the final bid document; refer to organization’s standard GeM payment policy

Key Specifications

  • Vehicle: Hyundai Aura, TN 22 EE 1506

  • Coverage: Standalone Own Damage (OD) with Nil Depreciation

  • Coverage: Bumper-to-Bumper with unlimited claims

  • Policy period: 28.01.2026–27.01.2027

  • Insurer: IRDAI-registered PSU insurer or their branch; intermediaries not allowed

  • Estimated value: ₹8,430

Terms & Conditions

  • Renewal must be with IRDAI-registered PSU insurers

  • Nil Depreciation and bumper-to-bumper coverage with unlimited claims

  • 1-year renewal period aligned to vehicle dates and existing third-party cover

Important Clauses

Payment Terms

Payment terms to be as per GeM/AAI standard; specifics to be confirmed in final bid documentation

Delivery Schedule

Policy issuance and activation within renewal window prior to lapse; seamless transition from current policy

Penalties/Liquidated Damages

Penalties to align with GeM terms for policy delays; specific LD rates to be defined in final bid

Bidder Eligibility

  • IRDAI-registered PSU insurer or their branch offices

  • No insurance intermediaries/brokers participation

  • Experience in fleet insurance renewals for government/airport fleets preferred

Past Similar Tenders (Historical Results)

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Required Documents

1

GST registration certificate

2

PAN card

3

Experience certificates (insurance renewal for corporate fleet preferred)

4

Financial statements (latest available)

5

EMD/Security deposit documents (if applicable per final bid)

6

Technical bid documents confirming OD renewal scope

7

OEM authorizations or insurer authorization (IRDAI PSU branch details)

Frequently Asked Questions

Key insights about TAMIL NADU tender market

How to bid for the OD renewal tender in Chennai Airport?

Bidders must be IRDAI-registered PSU insurers or their branches, exclude intermediaries, and submit certificates listed in the Bid Document and ATC. The renewal covers Hyundai Aura TN 22 EE 1506 for 28.01.2026–27.01.2027 with Nil Depreciation and bumper-to-bumper terms, at an estimated ₹8,430.

What documents are required for the Chennai OD renewal bid?

Required documents include GST certificate, PAN, financial statements, experience certificates for fleet renewals, EMD documents if applicable, technical bid confirming policy scope, and insurer authorization confirming IRDAI PSU status for the Chennai Airport renewal.

What is the coverage scope for the Hyundai Aura renewal?

The renewal provides standalone OD coverage with Nil Depreciation and bumper-to-bumper terms, unlimited claims, for 1 year from 28.01.2026 to 27.01.2027, replacing/continuing the existing policy without gaps.

What is the estimated value and payment terms for the renewal?

Estimated value is ₹8,430 for the renewal period. Final payment terms will follow AAI GeM terms and the successful bidder’s contract, typically as per standard government procurement practices.

Who is eligible to participate in this renewal tender in Tamil Nadu?

Only IRDAI-registered PSU insurers or their branch offices may participate; insurance intermediaries or brokers are not allowed, ensuring direct insurer-to-organization engagement for Chennai Airport renewal.

When does the renewal period for the Hyundai Aura start and end?

Renewal runs from 28.01.2026 to 27.01.2027, aligning with existing third-party cover terms and ensuring continuous OD coverage for the vehicle at Chennai Airport.