Central Mine Planning And Design Institute Limited Motor Insurance Renewal Bikaner/Rajasthan 4 Wheeler 0-1000cc & Above 2500cc 2026

Tender Overview

Central Mine Planning And Design Institute Limited invites bids for motor insurance renewal of 4 vehicles (OD and TP) covering 0 to 1000 cc and above 2500 cc. Estimated value: ₹67,115 with advance payment as per the Insurance Act, 1938 Section 64VB. Renewal starts after the current policy ends; bidder must maintain IRDA Registration and latest renewal receipt. Scope includes Own Damage (OD) and Third Party (TP) covers for all four vehicles, aligned to government procurement norms. This tender emphasizes compliance with statutory insurance requirements and timely renewal processing to ensure uninterrupted coverage for the fleet.

Technical Specifications & Requirements

• Product/Service: Motor insurance renewal for 4 wheeler fleet under OD and TP covers
• Vehicle categories: 0-1000 cc and above 2500 cc; total vehicles: 4
• Value/Consideration: Estimated value ₹67,115; insurance term begins post current policy
• Standards/Compliance: IRDA Registration Certificate with latest renewal receipt; adherence to Insurance Act, 1938 Section 64VB for advance payment terms
• Delivery/Processing: Renewal must be completed before policy lapse; coverage includes taxes in the quoted premium
• Documentary proof: Valid IRDA license, shop/office address proofs if required, and renewal confirmation

Terms, Conditions & Eligibility

• EMD/BS: Not explicitly stated; bidders must comply with standard tender submission certificates
• Payment terms: Premium to be paid in advance under Section 64VB of Insurance Act, 1938
• Eligibility: IRDA Registration with latest renewal receipt; fleet insurance experience for government fleet preferred
• Delivery/Validity: Insurance term to commence after current policy expiry
• Documentation: Upload IRDA license, GST/PAN, registration details, and renewal documents; ensure compliance with ATC and corrigenda