Hindustan Aeronautics Limited Marine & Transit Insurance Tender Koraput Odisha 2026 IRDA Guidelines

Tender Overview

Hindustan Aeronautics Limited (HAL), Department of Defence Production, seeks online quotations through the GeM portal for a comprehensive set of insurance policies across multiple schedules, covering Marine Inland, Marine Import/Export, Fire & Special Perils (including terrorism for certain materials), and Vehicle Insurance (two & four wheelers). The procurement scope spans six schedules with strict adherence to IRDA guidelines. No BOQ items are listed, and the estimated value and EMD are not disclosed publicly. A risk inspection is scheduled for 05-03-2026 at HAL Koraput, with a maximum of two insurer representatives, requiring prior authorization letters. Bidders must align proposals to HAL’s standard clauses and ensure compliance with statutory tax deductions. This tender requires online submission of technical and price bids through the GeM portal, with HAL reserving the right to accept or reject offers. Location context centers HAL Koraput, Odisha, and the insurance coverage targets engine division and SU-30 division risk profiles, including building, plant, and machinery assets. The tender’s distinctive feature is the multi-schedule structure, spanning marine, fire, terrorism-inclusive policies, and vehicle coverage, tailored to HAL’s defense production operations.

Technical Specifications & Requirements

• Schedules: 1) Marine Inland, 2) Marine Import, 3) Marine Export, 4) Fire & Special Perils Excluding Terrorism (Raw Materials & Spares), 5) Fire & Special Perils Including Terrorism (Building, Plant, Machinery, WIP), 6) Vehicle Insurance (2W/4W).
• Delivery/Submission: Online via GeM; both technical and price bids must be submitted through portal; courier/post not accepted.
• Risk Inspection: 05-03-2026 at 10:00 AM; limit two representatives; authorization letters required; contact [email protected] or Suvendu Sekhar Das at 06853-220295.
• Compliance: Quotation must follow standard Fire & Special Peril clauses and IRDA guidelines; HAL may dispute or modify terms with written acceptance.
• Policy Scope: Marine Inland, Marine Import/Export, Fire & Special Perils (including/excluding terrorism as specified in schedules); motor Insurance for 2W/4W up to 5000 CC.
• Taxes: TDS and other statutory deductions apply.

Terms, Conditions & Eligibility

• Submission: Online GeM bid; late/incomplete offers rejected.
• Risk Inspection: Pre-bid survey to assess cost; representative authorization required.
• Acceptance: HAL reserves exclusive discretion to accept or reject bids; no obligation to provide reasons.
• Arbitration: Disputes governed by contract terms and applicable law; arbitration as per HAL provisions.
• Documents: GST, PAN, experience certificates, financials, EMD/Security, OEM authorizations as applicable.
• Payment/Delivery: Terms aligned to IRDA standard policies; taxes deducted per statute.