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Tender Notice for Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fi in SOUTH DELHI, DELHI

Bid Publish Date

05-Mar-2025, 4:24 pm

Bid End Date

26-Mar-2025, 5:00 pm

Value

₹18,00,000

Progress

Issue05-Mar-2025, 4:24 pm
Technical26-03-2025 16:52:58
Financial
AwardCompleted
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Quantity

170

Bid Type

Two Packet Bid

Categories 3

Indian Renewable Energy Development Agency announces a tender for Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terro. . , Group Personal Accidental Insurance Service - Permanent Employees; Only accidental death (not natural), Permanent total disability, Permanent partial disability, Temporary disabilities in SOUTH DELHI, DELHI. Quantity: 170. Submission Deadline: 26-03-2025 17: 00: 00. Last date to apply is approaching fast!

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; Property Damage Cover, Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terro.. , Group Personal Accidental Insurance Service - Permanent Employees; Only accidental death (not natural), Permanent total disability, Permanent partial disability, Temporary disabilities

Authority Records

MINISTRY OF NEW AND RENEWABLE ENERGYINDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY

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Bid Preparation GeM Registration Document Filing

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Documents 6

GeM-Bidding-7494383.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Buyer uploaded ATC document

ATC

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

Required Documents

1

Experience Criteria

2

Bidder Turnover

3

Certificate (Requested in ATC)

4

Additional Doc 1 (Requested in ATC)

5

Additional Doc 2 (Requested in ATC)

6

Additional Doc 3 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

7

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Technical Results

S.No Seller Date Status
1
GO DIGIT GENERAL INSURANCE LIMITED   Under PMA
26-03-2025 16:52:58
2
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED   Under PMA
26-03-2025 15:29:04
3
NATIONAL INSURANCE COMPANY LIMITED   Under PMA
26-03-2025 16:37:57
4
THE NEW INDIA ASSURANCE COMPANY LIMITED   Under PMA
26-03-2025 15:20:49
5
THE ORIENTAL INSURANCE COMPANY LIMITED   Under PMA
26-03-2025 16:43:42
6
UNITED INDIA INSURANCE COMPANY LIMITED   Under PMA
12-03-2025 17:39:19

Financial Results

Rank Seller Price Item
L1
GO DIGIT GENERAL INSURANCE LIMITED   Under PMA
Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fi
L2
ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fi
L3
UNITED INDIA INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fi
L4
NATIONAL INSURANCE COMPANY LIMITED   Under PMA
Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fi
L5
THE NEW INDIA ASSURANCE COMPANY LIMITED   Under PMA
Item Categories : Assets Insurance Service - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fi

Frequently Asked Questions

Key insights about DELHI tender market

What are the eligibility requirements for participation in the tender?

The eligibility requirements include being a registered entity capable of providing insurance services, demonstrating experience with specific asset insurance within the renewable energy sector, and having a proven track record for managing high-value policies. Bidders must also comply with existing regulatory frameworks set by the responsible authorities.

What certificates need to be submitted with the proposal?

Bidders must submit several essential certificates alongside their proposals, including registration documents, a solvency certificate demonstrating their financial stability, and quality certifications relevant to the insurance services being provided. These documents validate the legitimacy and capability of the insurer.

How can bidders initiate the registration process for this tender?

To initiate the registration process, bidders should ensure their entities are properly registered with the relevant authority and possess the necessary licenses to operate within the insurance sector. Completing all required documentation and fulfilling the eligibility criteria outlined in the tender document will facilitate smooth registration.

What are the accepted document formats for the bid submission?

The accepted document formats typically include PDF files for text documents, Excel sheets for financial proposals, and any other formats as directed by the tender specifications. Ensuring adherence to these formats is critical for the compliance of the submitted bid.

What are the payment terms associated with the tender?

The payment terms generally involve pre-defined conditions based on milestones in the insurance service delivery or upfront payments as outlined in the final agreement. Bidders are advised to clearly define their proposed payment schedules in the financial proposals to ensure alignment with the tender requirements.