Hindustan Copper Limited Assets Insurance Service All Risk Policy Fire Insurance Kolkata West Bengal 2026

Tender Overview

Hindustan Copper Limited seeks an insurance provider for Assets Insurance Service including All Risk Policy and Fire Insurance for assets located in Kolkata, West Bengal. The tender presents an insurance procurement with no BOQ items and no explicit estimated value. A 25% quantity or duration adjustment is allowed at contract issue or during execution per the ATC terms. The procurement focuses on comprehensive risk coverage, policy renewals, and compliance with standard insurance practices. The absence of technical specifications suggests a broad risk management objective and flexibility for the insurer to propose suitable coverages. Bidders should align with statutory requirements and ensure seamless coverage across asset categories.

Technical Specifications & Requirements

• No technical specifications provided within the tender data; primary scope is All Risk Insurance and Fire Insurance for assets.
• Expect coverage for standard corporate asset risks, property damage, theft, natural disasters, third-party liability, and business interruption as typical in All Risk/Fire policies.
• Confirm required policy limits, insured values, renewal terms, claim settlement processes, and cashless/third-party survey arrangements in the bid.
• Ensure compliance with local regulatory norms and insurance industry practices; provide endorsements, riders, and risk engineering support if offered.
• Proposals should demonstrate financial strength, previous experience with government or large industrial asset insurances, and ability to service Kolkata-based risks.

Terms, Conditions & Eligibility

• EMD/Performance terms: Not disclosed in the data; ATC mentions quantity/duration adjustments up to 25%.
• Delivery/Implementation: Insurance policy effective date aligned with asset risk profile; renewal at annual intervals as per policy terms.
• Documentation: ATC indicates uploaded terms; bidders should prepare standard corporate insurance documents and prior policy experience.
• Payment: Not specified; bidders should clarify premium payment terms in their proposal.
• Warranty/Penalties: Not specified; typical insurance contracts rely on policy compliance and claim settlement reliability.
• BoK/ATC flexibility: Buyer may adjust contract scope by up to 25%; requires bidder concurrence.