Custom Bid for Services - Liability and Package Insurance policy for 542 nos NLCIL vehicles for the
Nlc India Limited
CUDDALORE, TAMIL NADU
Posted:
11 December 2025
Closed:
1 January 2026
GEM
GEM
NLC India Limited Liability Insurance Tender for 14 x 4WD Open Lorries and 18 x 4WD Tanker Lorries Neyveli Tamil Nadu 2025
Bid Publish Date
17-Nov-2025, 6:28 pm
Bid End Date
08-Dec-2025, 11:00 am
Value
₹11,89,344
Location
Progress
Issue17-Nov-2025, 6:28 pm
Technical27-11-2025 13:09:52
Financial
Award25-Dec-2025, 1:15 am
Quantity
1
Bid Type
Two Packet Bid
Categories
1
Tender Overview
NLC India Limited invites bids for liability insurance covering 14 nos 4WD Open lorries and 18 nos 4WD Tanker lorries destined for Neyveli, Tamil Nadu. Estimated contract value: ₹1,189,344. Location: CUDDALORE, TAMIL NADU - 605106. The procurement focuses on insurance services for newly constructed vehicle fleets, with no start/end dates disclosed. A notable term is the excess settlement option, enabling bidders to claim additional charges up to a defined percentage of the item-level total value, subject to mandatory supporting documents. Unique scope includes coverage for multiple vehicle types within a single policy and adherence to organization-specific invoicing rules.
Technical Specifications & Requirements
- Service: Liability Insurance for government-owned vehicle fleet (14 x 4WD Open lorries; 18 x 4WD Tanker lorries)
- Estimated value: ₹1,189,344
- Location: Neyveli, Tamil Nadu
- Key requirement: Excess Settlement option permitted; bidders must declare applicability during invoice creation and provide mandatory supporting documents
- Invoicing cap: total invoice amount with addons cannot exceed the agreed excess settlement percentage
- No explicit technical standards or policy wordings published in the tender data; anticipate standard motor fleet liability terms and compliance with local insurance regulations
- No BOQ items available; bid scope is single-contract insurance coverage for multiple vehicle categories
Terms, Conditions & Eligibility
- Excess Settlement option enabled; include additional charges up to a specified percentage of item-level total value with supporting documents
- No EMD amount disclosed in the tender; bidders should verify bid security requirements per procurement policy
- Location-based procurement: Cuddalore district, Tamil Nadu; coverage for 14 + 18 vehicles
- Submission must include insurer credentials, policy terms, and evidence of financial stability; no start/end dates provided
- Payment terms and penalty provisions are not specified in the data; bidders should seek clarifications during bid submission
Key Specifications
-
Product/service: Liability Insurance for government-owned vehicle fleet
-
Vehicles covered: 14 x 4WD Open lorries, 18 x 4WD Tanker lorries
-
Estimated contract value: ₹1,189,344
-
Location: Neyveli, Tamil Nadu
-
Excess settlement: allowed with declaration at invoice and supporting documents
-
Invoicing cap: total invoice amount including addons must not exceed agreed excess settlement percentage
Terms & Conditions
-
Excess settlement option enabled with required supporting documents
-
No explicit EMD amount disclosed; verify bid security requirements
-
Coverage scope includes multiple vehicle categories under a single policy
Important Clauses
Excess Settlement
Service providers may include additional charges up to a specified percentage of the item-level total value; must declare applicability at invoice creation and provide mandatory supporting documents; total invoice amount including addons must not exceed the agreed percentage.
Bidder Eligibility
-
Authorized insurer or insurer-backed service provider capable of fleet liability insurance
-
Evidence of prior experience insuring government or large fleet vehicle deployments
-
Financial viability demonstrated via annual financial statements
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Custom Bid for Services - Liability Insurance for Newly Constructed 14 Nos 4WD Open lorries and 18 Nos 4WD Tanker lorries for NLCIL which is Located at Neyveli
Authority Records
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Bid Preparation
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Documents 8
GeM-Bidding-8600098.pdf
Main Document
Other Documents
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Other Documents
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Other Documents
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Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
Other Documents
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GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS
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Closed:
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GEM
Tender Results
Loading results...
Required Documents
1
GST registration certificate
2
Permanent Account Number (PAN) card
3
Experience certificates in liability insurance for vehicle fleets
4
Financial statements or annual reports demonstrating financial stability
5
EMD/Security deposit documentation (if applicable per policy)
6
Technical bid documents or policy samples
7
OEM/Insurance partner authorizations or endorsements revealing capacity to insure fleet
8
Any certifications relevant to fleet insurance under Tamil Nadu regulations
Corrigendum Updates
1 Update
#1
22-Nov-2025 Update
Technical Results
| S.No | Seller | Date | Status |
|---|---|---|---|
| 1 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | 27-11-2025 13:09:52 | |
| 2 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | 04-12-2025 17:06:55 | |
| 3 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | 02-12-2025 16:46:13 |
Financial Results
| Rank | Seller | Price | Item |
|---|---|---|---|
| L1 | THE NEW INDIA ASSURANCE COMPANY LIMITED Under PMA | Item Categories : Custom Bid for Services - Liability Insurance for Newly Constructed 14 Nos 4WD Open lorries and 18 | |
| L2 | UNITED INDIA INSURANCE COMPANY LIMITED Under PMA | Item Categories : Custom Bid for Services - Liability Insurance for Newly Constructed 14 Nos 4WD Open lorries and 18 | |
| L3 | NATIONAL INSURANCE COMPANY LIMITED Under PMA | Item Categories : Custom Bid for Services - Liability Insurance for Newly Constructed 14 Nos 4WD Open lorries and 18 |
Contract / Result Documents 1
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Frequently Asked Questions
Key insights about TAMIL NADU tender market
How to bid for liability insurance tender in Neyveli Tamil Nadu 2025?
Bidders should submit a complete liability insurance proposal for 14 x 4WD Open lorries and 18 x 4WD Tanker lorries, including policy terms, coverage limits, and premium. Ensure GST, PAN, experience certificates, and financials are provided. If applicable, include the excess settlement declaration and supporting documents with the technical bid.
What documents are required for fleet liability insurance bidding in Tamil Nadu?
Required documents include GST certificate, PAN card, experience certificates for vehicle fleet insurance, financial statements, EMD/Security deposit (if applicable), technical bid documents, and insurer authorizations. Also provide policy wordings and evidence of capacity to insure the 14 + 18 vehicle categories.
What are the coverage expectations for NLC fleet liability insurance 2025?
Expect coverage for liability arising from operation of 14 x 4WD Open lorries and 18 x 4WD Tanker lorries, with standard fleet insurance terms compliant with Tamil Nadu regulatory requirements. The tender permits an excess settlement up to a defined percentage, to be declared at invoice creation.
When is the bid submission deadline for the Neyveli insurance contract 2025?
The tender data does not specify an explicit deadline. Bidders should monitor the procurement portal for the official closing date and submit all required documents, including GST, PAN, experience certificates, financials, and policy terms before the cutoff.
What standards or certifications are required for vehicle liability insurance bids?
While no specific standards are listed, bidders should provide standard fleet insurance policies aligned with local regulations, along with insurer authorizations and evidence of prior government fleet coverage; ensure compliance with general regulatory requirements for vehicle liability insurance.
How is the excess settlement option applied to the insurance invoice?
Excess settlement allows additional charges up to a set percentage of item-level total value, including addons. The applicant must declare applicability during invoice creation and attach mandatory supporting documents; the total invoice must not exceed the agreed excess percentage.
What is required to prove eligibility for the NLC fleet insurance tender in Tamil Nadu?
Proof includes valid GST and PAN, prior experience insuring government fleets or large vehicle deployments, and financial stability demonstrated by statements. Provide insurer capacity evidence and authorization letters, with policy wordings to confirm coverage scope.
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Documents 8
GeM-Bidding-8600098.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Other Documents
OTHER
Scope Of Work Document
SCOPE_OF_WORK
Payment Terms & Condition
PAYMENT
Other Documents
OTHER
GEM General Terms and Conditions Document
GEM_GENERAL_TERMS_AND_CONDITIONS