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Power Grid Corporation Of India Limited Terrorism and Fire Insurance Tender Arunachal Pradesh 2026 IRDAI Approved Insurers 6 Month Cover

Bid Publish Date

18-Jul-2026, 10:10 am

Bid End Date

04-Aug-2026, 11:00 am

Location

PAPUM PARE , ARUNACHAL PRADESH
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Progress

Issue18-Jul-2026, 10:10 am
Corrigendum01-Aug-2026
AwardPending
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Quantity

1

Bid Type

Single Packet Bid

Key Highlights

  • • IRDAI-approved General Insurance Company bidder eligibility required
  • • Policy to be issued in the name of Power Grid Corporation of India Limited (PGCIL)
  • • Sum insured fixed at ₹43,98,31,448 with 6-month policy term
  • • Risks covered: Earthquake (Fire & Shock), Terrorism, Theft, RSMD, Burglary, Start-Up Expenses, Temporary removal up to 10%
  • • GSTIN for invoicing: 12SHLD04223C1DY; 100% premium on Proforma invoice
  • • Policy delivery within 7 days of verification by POWERGRID representative
  • • Location: Itanagar, Arunachal Pradesh; Coordinator: CGM, Projects

Categories 1

INSURANCE SERVICE

Tender Overview

Organization: Power Grid Corporation of India Limited. Product/Service: Comprehensive assets insurance covering terrorism, fire, earthquake, theft, RSMD, burglary, and related risks for stock in storage and transit. Sum insured: ₹43,98,31,448. Policy period: 6 months with provisional extension of 6 months on the same terms. Location: Arunachal Pradesh, Itanagar. Mandatory bidder qualification: IRDAI-approved general insurance companies only, with scanned IRDAI registration certificate. Payment terms: 100% premium on submission of Proforma invoice verified by POWERGRID, policy delivery within 7 days. Unique aspect: policy to be issued in the name of Power Grid Corporation of India Limited; GSTIN 12SHLD04223C1DY included. This tender requires precise adherence to IRDAI norms and timely policy issuance to support critical assets.

Technical Specifications & Requirements

  • Scope: Insurance coverage for stocks in storage and shali (shali unclear, interpreted as storage facilities); risks include Earthquake (Fire & Shock), Temporary removal up to 10% of stock value, Start-Up Expenses, Cover for Specific Content, Goods held in Trust, Terrorism, Theft, RSMD, Burglary.
  • Policy term: 6 months with potential 6-month extension on same terms.
  • Sum insured: ₹43,98,31,448; asset list attached under Fla g A.
  • Policy holder: Power Grid Corporation of India Limited (PGCIL).
  • Insurer eligibility: Only IRDAI-approved General Insurance Companies; bidders must submit IRDAI registration copy.
  • Payment/delivery: 100% premium at Performa invoice; policy delivery within 7 days; GST invoicing per GSTIN 12SHLD04223C1DY.

Terms, Conditions & Eligibility

  • EMD/Bid security: Not applicable (in context of insurance procurement).
  • Payment terms: 100% premium payable on submission of verified Performa invoice; GST-compliant invoicing.
  • Delivery/issuance: Policy to be provided within 7 days of LOI/PO; IRDAI compliance required.
  • Coordinator: CGM, Projects - Itanagar, Power Grid Corporation of India Limited, Itanagar, Arunachal Pradesh 791111.
  • Registration: IRDAI registration certificate must be submitted; non-IRDAI bidders are ineligible.

Key Specifications

  • Policy coverage: Earthquake (Fire & Shock), Terrorism, Theft, RSMD, Burglary, Temporary removal up to 10% of stock value

  • Sum insured: ₹43,98,31,448

  • Policy term: 6 months, with provisional extension of 6 months

  • Insured in the name of Power Grid Corporation of India Limited

  • Payment: 100% premium on submission of Proforma invoice verified by Engineer in-charge

  • Delivery: Policy to be provided within 7 days with GST invoice

Terms & Conditions

  • IRDAI-approved insurer mandatory; scanned IRDAI registration required

  • Policy in the name of PGCIL; 6 months with option to extend 6 months

  • 100% premium payable on verified Performa invoice; policy delivery within 7 days

Important Clauses

Payment Terms

100% premium payable on submission of Proforma invoice verified by POWERGRID; GST invoice required; GSTIN 12SHLD04223C1DY.

Delivery Schedule

Policy to be provided within 7 days from verification; coordination through CGM, Projects - Itanagar.

Warranty/Liability

Policy validity aligns with 6-month term; 6-month extension possible on same terms and conditions.

Bidder Eligibility

  • IRDAI-approved General Insurance Company status

  • Submission of IRDAI registration certificate

  • Compliance with POWERGRID payment and invoicing terms

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

No

Item Category

Assets Insurance Service - Terrorism Insurance, Fire Insurance, ALL DETAILS MENTIONED UNDER BUYER ATC; Terrorism Cover, Earthquake Cover, Theft/Burglary Cover, ALL DETAILS MENTIONED UNDER BUYER ATC; Optional

Payment Timelines

Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)

Delivery Details

Delivery Locations

1

Delivery Cities

Papum Pare

Delivery Pincodes

791109

Delivery Locations

ConsigneeAddressCityStatePincodeQuantityDelivery DaysAdditional Requirement
Likha Napa791109,Power Grid Corporation of India Limited, Comprehensive Scheme Office, 132kV Nirjuli Substation, P.O/P.S Nirjuli, Dist. Papum Pare, Arunachal Pradesh- 791109Papum PareArunachal Pradesh791109Project / Lumpsum Based-Total Number of Asset to be Insured (Quantity) : 27 Total Sum Insured for the Assets : 439831448

Authority Records

MINISTRY OF POWERPOWER GRID CORPORATION OF INDIA LIMITED

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Documents 5

GeM-Bidding-9604030.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

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Required Documents

1

IRDAI registration certificate (scanned) from eligible General Insurance Company

2

GST registration details and GSTIN (12SHLD04223C1DY)

3

Identity/organization documents confirming legal entity (as applicable to bidder)

4

Authorization or mandate letters from IRDAI-approved insurer (OEM/agency authorization)

5

Proforma invoice template and engineering-in-charge verification for payment

6

Any technical compliance certificates or endorsements tied to terrorism, RSMD coverage (if available)

Corrigendum Updates

1 Update
#1

Update

01-Aug-2026

Extended Deadline

04-Aug-2026, 11:00 am

Opening Date

04-Aug-2026, 11:30 am

Frequently Asked Questions

Key insights about ARUNACHAL PRADESH tender market

How to bid for Power Grid insurance tender in Arunachal Pradesh 2026?

Bidders must be IRDAI-approved general insurance companies, submit scanned IRDAI registration, provide Proforma invoice with verification by POWERGRID engineer, and ensure policy coverage for Earthquake, Terrorism, Theft, RSMD, Burglary, and 10% temporary stock removal within a 7-day delivery window. GSTIN must be included on the invoice.

What documents are required for insurance tender in Itanagar 2026?

Submit IRDAI registration certificate, GST registration (12SHLD04223C1DY), entity authorization from the insurer, identification of insured as Power Grid Corporation of India Limited, and a Proforma invoice with verification. Additional endorsements for terrorism and RSMD coverage may be requested.

Which insurer qualifications qualify for this insurance procurement in Arunachal Pradesh?

Only IRDAI-approved General Insurance Companies qualify; ensure the bidder can issue a policy in the name of PGCIL, with the specified sum insured of ₹43,98,31,448 and terms matching the 6-month term with potential extension.

What are the key risk coverages required in this tender?

Required coverages include Earthquake (Fire & Shock), Terrorism, Theft, Burglary, RSMD, Start-Up Expenses, and Temporary removal up to 10% of stock value, ensuring comprehensive asset protection for stored stocks.

When is policy delivery required for the Arunachal Pradesh tender?

Policy delivery must occur within 7 days of verification by the POWERGRID engineer in charge, with the complete GST-compliant invoice accompanying the policy.

What is the sum insured and policy period for this procurement in Itanagar?

The sum insured is ₹43,98,31,448 and the policy term is 6 months, with a provisional extension of up to another 6 months on the same terms.

What are the payment terms for the POWERGRID insurance contract?

Payment is 100% on submission of Proforma invoice verified by the POWERGRID engineer; the invoice must be GST-compliant with GSTIN 12SHLD04223C1DY.

What is the eligibility for the insurer to qualify in Arunachal Pradesh?

Eligibility requires IRDAI registration, general insurance status, ability to issue the policy in PGCIL’s name, and adherence to the 7-day delivery timeline and 6-month policy duration.

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