Motor Insurance Service - 4 Wheeler, 6 Wheeler; Above 2500 CC, 1001 to 1500 CC
Airports Authority Of India
INDORE, MADHYA PRADESH
Progress
Quantity
6
Bid Type
Two Packet Bid
Airports Authority of India invites bids for Motor Insurance Services covering 4 Wheeler (1001-1500 CC), 4 Wheeler (Above 2500 CC), and 2 Wheeler (0-1000 CC). Estimated value is ₹123,837. Location details are not specified in the data, but the scope encompasses comprehensive motor insurance coverage for AAI assets. The procurement hinges on ATC terms enabling a contract quantity/duration adjustment up to 25% pre- and post-award, ensuring flexibility to accommodate fleet changes. This tender requires bidders to align with the Airports Authority of India’s insurance needs for diverse vehicle categories and manage risk exposure across multiple engine classes. Unique carve-outs include the potential for contract quantity/duration revisions and ATC compliance to govern adjustments during execution.
Vehicle categories covered: 4 Wheeler (1001-1500 CC), 4 Wheeler (Above 2500 CC), 2 Wheeler (0-1000 CC)
Estimated contract value: ₹123,837
ATC-driven quantity/duration variation up to 25%
No explicit BOQ quantities; rely on insurer capacity to cover multi-category fleet
Special compliance: refer to ATC for any branding, reporting, or service-level terms
ATC allows contract quantity/duration adjustments up to 25%
EMD amount not disclosed; obtain from tender ATC
No explicit delivery timeline or payment terms in data; rely on ATC
Payment terms not specified in the provided data; bidders must review ATC for schedules, invoicing, and milestone payments.
No delivery schedule provided; ATC likely contains service delivery expectations and coverage periods.
Penalties not detailed here; bidders should consult ATC for LDs or performance bonds if applicable.
Experience in providing motor insurance services for diversified vehicle fleets
Financial capacity to support insurance risk and premium payments
Compliance with Airports Authority of India procurement norms and ATC terms
Airports Authority Of India
INDORE, MADHYA PRADESH
Airports Authority Of India
RANCHI, JHARKHAND
Airports Authority Of India
RANCHI, JHARKHAND
Airports Authority Of India
MALAPPURAM, KERALA
N/a
DHAR, MADHYA PRADESH
Tender Results
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GST registration certificate
Permanent Account Number (PAN) card
Experience certificates for motor insurance services (similar fleet coverage)
Financial statements (last 2-3 years)
EMD/Security deposit as per tender norms (documented proof)
Technical bid documents demonstrating insurer capabilities
OEM authorizations or endorsements, if required
Any other documents specified in the ATC uploaded by the buyer
Key insights about GUJARAT tender market
Bidders should first review the uploaded ATC for qualification criteria, EM D requirements, and the three vehicle category coverages: 4W 1001-1500 CC, 4W >2500 CC, and 2W 0-1000 CC. Prepare GST, PAN, financial statements, and experience certificates; submit technical and financial bids per ATC guidelines.
Submit GST registration, PAN card, two to three years of financial statements, prior motor insurance experience certificates, EMD proof, technical bid, and any OEM authorizations. Ensure ATC-specified documents are included, as the exact list is defined in the approved ATC document.
The tender covers three categories: 4 Wheeler (1001-1500 CC), 4 Wheeler (Above 2500 CC), and 2 Wheeler (0-1000 CC). Ensure insurance quote structures address premium calculations, claim handling, and policy terms for each category.
Exact submission deadlines are not provided in the snippet; bidders must consult the official ATC uploaded by Airports Authority of India to obtain the precise bid opening date and submission timeline.
Standards are not listed in the provided data; bidders should verify if ISI, ISO certifications, or other regulatory compliance are required within the ATC and align proposals accordingly.
The ATC allows a 25% change in contract quantity or duration. Bidders must price the base scenario and develop flexible pricing to accommodate potential increases or decreases without destabilizing margins or coverage commitments.
The tender shows an estimated value of ₹123,837 for motor insurance services across the three vehicle categories; bidders should align premium estimates, sum insured levels, and claim settlement provisions to this scope.
If OEM authorization is required, include manufacturer-issued authorization letters, scope of coverage, and service support commitments. Verify exact OEM requirements in the ATC and ensure submitted documents reflect authorized product lines and warranty terms.
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Main Document
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS