NIELIT Department of Electronics Insurance Tender Assets Insurance Service GeM 2026
Bid Publish Date
12-Oct-2026, 2:23 pm
Bid End Date
19-Oct-2026, 3:00 pm
Value
₹28,000
Location
Progress
Key Highlights
- • Brand/OEM requirements: Not specified; ensure compliance with GeM ATC and bidder certificates
- • Technical standards: Not specified; focus on insurance scope and GeM compliance
- • Special clauses: 50% quantity/duration flex at bidding and contract issuance
- • Eligibility: Upload required certificates; service escalation matrix; adherence to payment terms
- • Warranty/AMC: Not specified for insurance; ensure policy coverage terms are clearly defined in proposal
- • Penalties/LD: Not specified; follow GeM terms and conditions
- • Delivery: GeM-based issuance; payment post SDAC
- • Installation: Not applicable; insurance policy issuance
Tender Overview
National Institute Of Electronics And Information Technology (NIELIT) invites bids for comprehensive Assets Insurance Service covering Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance, STFI, standard fire & special perils, terrorism, and Earthquake risk. Estimated value: ₹28,000. Location details are not disclosed in the tender data. The scope includes multi-line insurance coverage for institute assets, with a notable 50% flex clause on quantity or duration at contract issuance. Key differentiator is the broad risk cover consolidated under a single procurement via GeM, with supplier escalation channels required.
Technical Specifications & Requirements
- Coverage types: Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance, STFI Cover, Earthquake risk, and Standard Fire & Special Perils
- Estimated value: ₹28,000; no BOQ quantity line items
- Delivery/issuance through GeM; service support escalation matrix required from bidder
- Compliance expectations focus on insurance services rather than hardware/supply, no product specs; certificates must be uploaded per ATC
- Payment terms: 30 days after issue of SDAC and online submission of bills
- Prohibition on assignment/sub-contracting without buyer consent
Terms & Eligibility
- 50% increase/decrease in contract quantity or duration allowed at contract issue; post-issuance limit also 50%
- Payment terms: 30 days post SDAC
- Service & Support: provide escalation matrix with telephone numbers
- Documents: ensure upload of certificates as required in Bid Document/ATC; non-submission may lead to rejection
- No explicit EMD value listed; ensure compliance with GeM terms and supplier obligations
Key Specifications
-
Product/Service: Assets Insurance Service covering Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance, STFI, Earthquake
-
Estimated value: ₹28,000
-
Delivery/issuance: GeM-based procurement via online channels
-
Standards/Compliance: Not explicitly specified; bidder must upload required certificates
-
Warranty/AMC: Not specified; ensure clear policy terms within bid
Terms & Conditions
-
50% quantity/duration adjustment allowed at contract issue
-
Payment terms: 30 days after SDAC and online bill submission
-
Escalation matrix and service support requirements
Important Clauses
Payment Terms
Payments to the Seller within 30 days of issue of service delivery acceptance certificate (SDAC) and online submission of bills.
Delivery Schedule
GeM-based issuance of insurance coverage; no fixed delivery schedule provided in data.
Penalties/Liquidated Damages
Not specified in data; bidders should reference GeM terms and ATCs for LDs.
Bidder Eligibility
-
Experience in providing insurance services or related risk management for government or public sector entities
-
Financial stability evidenced by recent financial statements
-
Upload of required GST, PAN, and relevant certificates; no disallowed subcontracting without consent
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
180 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
MSE Exemption/Relaxation
Yes
Startup Exemption/Relaxation
Yes
Bid Splitting Applied
No
Requirements
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance; Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Standard Fire & Special Perils Cover, Terrorism Cover, Earthquake ..
Delivery Details
Delivery Locations
1
Delivery Cities
West
Delivery Pincodes
110058
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Rajakumari Lakshmi | 110058,16/1-2, D- Block, Institutional Area, Pankha Road, Near Police Station, Janakpuri, New Delhi-110058 | West | Delhi | 110058 | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 1661 Total Sum Insured for the Assets : 36943608 |
Authority Records
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Documents 5
GeM-Bidding-9996607.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
Categories
2
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Required Documents
GST registration certificate
Permanent Account Number (PAN) card
Experience certificates related to insurance services
Financial statements or balance sheet for last 1-2 years
EMD document (if required by GeM terms) or proof of exemption
Technical bid documents and policy coverage details
OEM authorizations or partner confirmations if applicable
Escalation matrix for service support
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for insurance tender in Bikaner for NIELIT 2026?
Bidders must register on GeM, upload GST and PAN, provide experience certificates for insurance services, and submit all required bid documents including technical and policy coverage details. Ensure compliance with ATC terms and GeM payment conditions of 30 days after SDAC.
What documents are required for NIELIT insurance tender submission 2026?
Required documents include GST certificate, PAN card, recent financial statements, insurance service experience certificates, escalation matrix, OEM authorizations if applicable, and proof of online bill submission readiness; non-submission may lead to bid rejection.
What are the payment terms for the GeM insurance contract with NIELIT?
Payments are made within 30 days of issue of the SDAC and online submission of the bills, superseding earlier 10-day provisions. Ensure timely generation of SDAC and compliant bill submissions to avoid delays.
What is the contract quantity adjustment clause for this insurance tender?
The buyer may adjust contract quantity or duration by up to 50% at contract issue, and post-issuance adjustments are limited to 50% as per the generic clause; bidders must plan accordingly.
Which insurance covers are included in the NIELIT GeM tender 2026?
The scope includes Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance, STFI Cover, and Earthquake risk coverage, consolidating multiple risk protections under a single procurement.
What is the escalation requirement for service support in the GeM bid?
Bidders must provide an Escalation Matrix with telephone numbers for service support, ensuring rapid issue resolution aligned with GeM ATC expectations.
Are subcontracting or assignment allowed for this insurance contract?
Sub-contracting or assignment requires prior written consent from the buyer; even with consent, the principal seller remains jointly liable for performance and obligations.
What standards or certificates are required for the insurance bid submission?
Although specific standards are not listed, bidders must upload all relevant certificates requested in the Bid Document/ATC, including policy coverage details and any applicable compliance certificates.