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GEM

IRDAI-Registered General Insurance Company DSHEP Assets Insurance Hamirpur Himachal Pradesh 2026

Bid Publish Date

17-Feb-2026, 2:59 pm

Bid End Date

10-Mar-2026, 2:00 pm

Value

₹1,71,913

Location

HAMIRPUR , HIMACHAL PRADESH

Progress

Issue17-Feb-2026, 2:59 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • IRDAI-licensed general insurance company requirement
  • • GST registration mandatory for bid eligibility
  • • Scope includes All Risk, Fire, Terrorism, Earthquake, Theft/Burglary, Machinery Breakdown
  • • Asset coverage for DSHEP assets in Hamirpur, Himachal Pradesh
  • • Contract quantity/duration adjustable up to 25% via ATC
  • • Bid documents required: Bid Cover Letter, IRDAI license copies, GST certificate

Categories 3

EQUIPMENT INSURANCE SERVICE MACHINERY

Tender Overview

The opportunity targets a comprehensive insurance contract for DSHEP assets located in Hamirpur, Himachal Pradesh. The scope encompasses All Risk Insurance, Fire Insurance, Terrorism Insurance, Electronic Equipment Insurance, and Machinery Breakdown coverage aligned to the tender scope. Estimated contract value is around ₹171,913 with potential quantity adjustments of up to 25% per ATC. The bidder must be IRDAI-licensed general insurer with GST registration and submit a bid cover letter along with relevant certificates. The purchase aims to ensure continuous risk transfer for government assets under a single insured package.

Technical Specifications & Requirements

  • Coverage types: All Risk, Fire, Terrorism, Earthquake, Theft/Burglary, Machinery Breakdown, Property Damage, Electronic Equipment Insurance as per tender scope.
  • Compliance: IRDAI license valid in India; GST registration required.
  • Documentation: Bid Cover Letter, IRDAI license copies, GST certificate to be uploaded with the bid.
  • Value: Estimated contract value around ₹171,913 with potential quantity/duration adjustments up to ±25%.
  • Location: Hamirpur, Himachal Pradesh – 174304; assets tied to DSHEP scope.
  • Conditions: Insurance bidder must provide comprehensive coverage for DSHEP assets per scope; no BOQ lines, but scope implies multi-risk policy.
  • Brand/Provider: No specific OEM; must meet statutory IRDAI licensing and GST compliance.

Terms, Conditions & Eligibility

  • EMD not specified in data; ensure compliance with standard EMD/demand deposit if applicable.
  • Eligibility: IRDAI-registered General Insurance Company with valid license; GST registration.
  • Delivery/Execution: Insurance coverage to commence per contract timing; quantity/duration adjustments allowed by ATC up to 25%.
  • Documentation: Upload Bid Cover Letter, IRDAI license copies, GST certificate; maintain compliance throughout policy period.
  • Penalties/Performance: Standard insurance procurement penalties may apply if scope not met; check ATC for exact terms.

Key Specifications

  • Insurance type: All Risk + Fire + Terrorism + Earthquake + Theft/Burglary + Machinery Breakdown + Property Damage + Electronic Equipment Insurance

  • Location: Hamirpur, Himachal Pradesh - 174304

  • Estimated value: ₹171,913

  • Eligibility: IRDAI-licensed General Insurance Company with GST registration

  • ATC clause: contract quantity/duration may increase up to 25% at issue

Terms & Conditions

  • IRDAI-licensed insurer with GST registration required

  • Scope spans multiple insurance covers as per tender

  • Contract quantity/duration adjustments up to 25%

Important Clauses

Payment Terms

Not specified in data; verify ATC for any premium payment schedule or advance payment terms

Delivery Schedule

Insurance coverage to be effective as per contract; duration flexible per ATC up to 25%

Penalties/Liquidated Damages

Standard procurement penalties to be clarified in ATC; ensure compliance with scope of work

Bidder Eligibility

  • Must be IRDAI-licensed General Insurance Company

  • Must possess valid GST registration

  • Experience in providing comprehensive multi-risk asset insurance

Documents 5

GeM-Bidding-8969405.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Buyer uploaded ATC document

ATC

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

Bid Cover Letter (as attached in ATC)

2

Self-attested copies of IRDAI license

3

GST certificate

4

Any additional bid-compliance documents specified in ATC

Frequently Asked Questions

Key insights about HIMACHAL PRADESH tender market

How to bid for DSHEP assets insurance in Hamirpur Himachal Pradesh 2026

Bidders must be IRDAI-licensed General Insurance Companies with valid GST registrations and submit a Bid Cover Letter, IRDAI license copies, and GST certificate. The contract allows up to 25% quantity/duration changes via ATC; ensure coverage includes All Risk, Fire, Terrorism, Earthquake, Theft, Machinery Breakdown, and Electronic Equipment Insurance.

What documents are required for the DSHEP insurance tender in Hamirpur

Submit Bid Cover Letter, self-attested IRDAI license copies, and GST certificate. Ensure these documents are uploaded with the bid as per ATC. If additional compliance docs are specified, include them to avoid disqualification and confirm eligibility criteria.

What are the essential insurance covers for the DSHEP assets

The essential covers include All Risk, Fire, Terrorism, Earthquake, Theft/Burglary, Machinery Breakdown, Property Damage, and Electronic Equipment Insurance. The policy must comprehensively cover DSHEP assets in Hamirpur with potential value of ₹171,913 and allow 25% scope adjustments.

When does the insurance coverage need to commence in this tender

Coverage commences per contract timing; ATC allows contract quantity/duration adjustments up to 25% at issue. Ensure readiness of policy documents and compliance certificates before the start date to avoid gaps in coverage.

What are the payment terms for DSHEP assets insurance procurement

Payment terms are clarified in ATC; typical arrangements include premium payments on policy issuance or annual premiums with renewal cycles. Verify with the buyer for any advance or installment terms and ensure coverage aligns with budget and compliance requirements.

What are the eligibility criteria for bidders in this tender

Eligibility requires an IRDAI-licensed General Insurance Company with valid GST registration. Firms should demonstrate experience in multi-risk asset insurance and be prepared to upload required licenses and registrations with the bid.

What standards or certifications are required for the insurance contract

The contract requires IRDAI licensing compliance and GST registration. While no IS/ISO standard is specified, ensure the insurer’s policy documents meet regulatory requirements and provide coverage aligned with the DSHEP asset scope in Hamirpur.