HAL Insurance Coverage Policy Tender Bangalore Karnataka 2026-27 Insurance Services HAL Department of Defence Production

Tender Overview

Hindustan Aeronautics Limited (HAL), under the Department of Defence Production, invites bids for an Insurance Coverage Policy for a period of one year in Bengaluru, Karnataka. The service scope is insurance provisioning for HAL facilities and personnel from 11 May 2026 to 10 May 2027, with potential quantity/duration adjustments up to 25% at contract issue or issuance. The tender emphasizes MSE purchase preference for eligible bidders, requiring bidders to certify service provision capabilities and, if applicable, to upload documentary evidence supporting MSE status. The BOQ lists are empty, indicating a service-centric procurement with no predefined itemized quantities. The opportunity is framed within HAL’s defense-production context, seeking reliable risk coverage with formal contract terms.

• Organization: Hindustan Aeronautics Limited
• Location: Bengaluru, Karnataka
• Product/Service: Insurance coverage policy (one year)
• Estimated Value/EMD: Not specified; no BOQ items
• Important differentiator: MSE preference eligibility and contract flexibility up to 25%
• Unique aspect: Pure services procurement with no itemized BOM; emphasis on service capability and compliance

Technical Specifications & Requirements

• Service: Insurance coverage policy for HAL assets and personnel for one year (11 May 2026–10 May 2027)
• Policy scope: Not specified in detail; bidders must demonstrate service capability and risk management processes
• Standards/Compliance: Not specified; bidders should reference standard insurance practice and regulatory compliance as applicable to government defense production entities
• Delivery/Performance: Contract quantity or duration can be increased by up to 25% at contract issue; post-issue increments capped at 25%
• Documentation: Evidence of service capability; MSE documentary evidence if applying for preference
• Eligibility/Experience: Service provider status required; MSE eligibility considered for preference if compliant with policy

Terms, Conditions & Eligibility

• EMD: Not specified in data; ensure to verify at bid stage
• Purchase Preference: MSEs eligible; bidder must be the service provider and provide documentary evidence
• Delivery/Timeline: Insurance coverage valid for one-year window (11 May 2026–10 May 2027)
• Quantity/Duration Flexibility: Up to 25% increase post-contract issuance
• Payment Terms: Not detailed in data; bidders should expect government procurement norms
• Documents: Standard service bid documents; GST/PAN/experience certificates likely required
• Penalties/LD: Not specified; confirm in terms during bid finalization