GEM

Airports Authority Of India Insurance Tender for Electronic Equipment Storage Insurance 2025 – STFI, Terrorism, Earthquake Covers

Bid Publish Date

20-Nov-2025, 1:53 pm

Bid End Date

01-Dec-2025, 2:00 pm

Bid Opening Date

01-Dec-2025, 2:30 pm

Value

₹2,50,00,000

Location

DEHRADUN , UTTARAKHAND

Progress

Issue20-Nov-2025, 1:53 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Key Highlights

  • • Airport-specific insurance scope covering storage of electronic equipment parts
  • • Multi-peril coverage: Property Damage, Fire & Special Perils, STFI, Terrorism, Earthquake, Theft
  • • Explicit focus on aircraft/airport operations risk and rapid claim settlement
  • • Estimated contract value: ₹2.5 Crore; EMD not disclosed in data
  • • No product technical specs or BOQ; emphasis on policy terms, coverage limits, and insurer qualifications
  • • ATC clause mentions storage of airport equipment; implies single comprehensive policy

Categories 2

EQUIPMENT INSURANCE SERVICE

Tender Overview

The Airports Authority Of India seeks storage insurance for parts of electronic machines deployed at airports, covering multiple perils and risk events. The procurement encompasses a broad insurance scope including Property Damage, Fire & Special Perils, STFI (Storm/Typhoon/Hurricane/Tornado, Flood and Inundation), Terrorism, Earthquake, and Theft/Burglary. Estimated contract value is ₹2,50,00,000. This tender emphasizes airport-critical equipment, with a focus on risk transfer and rapid settlement after claims. A single comprehensive policy is expected to cover all specified perils for electronic assets used at airports, ensuring continuity of operations and asset protection.

Key differentiators include the combination of multi-hazard coverage specific to airport electronic components and the requirement to insure storage-related risks across multiple facilities. The tender’s storage-insurance context suggests coordinated coverage for parts of electronic machinery and associated inventory located at airports, under a unified policy framework.

Technical Specifications & Requirements

There are no itemized technical specifications or BOQ items available. The tender explicitly covers a broad insurance category: Assets Insurance Service – Electronic Equipment Insurance combined with Property Damage Cover and comprehensive peril coverage (STFI, Terrorism, Earthquake, Theft). The absence of detailed technical specs means bidders should focus on standard insurance compliance, policy terms, insurer creditworthiness, and claims-handling capabilities for airport environments. Relevant scope includes risk assessment, premium calculation, and coverage limits aligned to the ₹2.5 Crore value.

Terms, Conditions & Eligibility

  • Estimated Value: ₹2,50,00,000 (₹2.5 Crore)
  • EMD: Not specified in the provided data
  • Coverage: Property Damage, Fire & Special Perils, STFI, Terrorism, Earthquake, Theft/Burglary for airport electronic equipment
  • Bid specifics and ATC: storage insurance for parts of electronic machines used at airports; detailed terms to be defined in actual tender document
  • No BOQ items; procurement is insurance-based rather than goods/works delivery

Key Specifications

  • Product/Service: Asset Insurance Service for Electronic Equipment (storage insurance for airport parts)

  • Estimated contract value: ₹2,50,00,000

  • Perils Covered: Property Damage, Fire & Special Perils, STFI (Storm/Typhoon/Hurricane/Tornado/Flood/Inundation), Terrorism, Earthquake, Theft/Burglary

  • Delivery/Execution: Policy issuance to cover stored electronic equipment at airports; terms to be finalized in policy schedule

  • Standards/Compliance: Not specified in data; standard insurance compliance and airport risk requirements expected

Terms & Conditions

  • EMD amount not disclosed; verify in final tender document

  • Policy must cover perils including STFI and Terrorism for airport equipment

  • Delivery/issuance timeline to be defined; consider lead times for policy activation

Important Clauses

Payment Terms

Payment terms to be defined in the final tender; no explicit terms provided in data

Delivery Schedule

Policy activation and coverage start date to be specified in the final tender; ensure coverage aligns with asset storage timelines

Penalties/Liquidated Damages

Penalty provisions not disclosed; standard insurance procurement penalties to be defined in contract

Bidder Eligibility

  • Authorized insurance provider with capacity to insure airport property under multi-peril policy

  • Demonstrated experience in securing insurance for critical infrastructure or airport assets

  • Financial stability and solvency adequate to cover ₹2.5 Crore risk exposure

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Required Documents

1

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates in insurance procurement and management for airport/critical infrastructure

4

Financial statements or solvency certificate

5

EMD/Security deposit documentation (if required in final tender)

6

Technical bid documentation and policy-level compliance certificates

7

Any OEM authorizations or insurer authorization documents (if applicable)

Frequently Asked Questions

Key insights about UTTARAKHAND tender market

How to bid for Airports Authority of India insurance tender in 2025

Bidders should prepare a comprehensive insurance proposal covering storage of airport electronic equipment parts, with policy terms for Property Damage, Fire & Special Perils, STFI, Terrorism, Earthquake, and Theft. The estimated value is ₹2.5 Crore; submit GST, PAN, financials, and experience certificates. EMD details appear not specified here; confirm in the tender.

What documents are required for airport storage insurance tender submission

Required documents include GST certificate, PAN card, audited financial statements, airport/critical-infrastructure insurance experience certificates, insurer authorization letters, and technical bid materials. Ensure policy scope explicitly covers STFI, Terrorism, Earthquake, and Theft for electronic equipment used at airports.

What are the technical specifications for the airport insurance requirements

The tender specifies a broad insurance scope for electronic equipment parts with multiple perils but no itemized technical specs. Vendors should propose a policy with Property Damage, Fire & Special Perils, STFI, Terrorism, Earthquake, Theft coverage for stored airport assets, aligned to a ₹2.5 Crore insured value.

When is the expected coverage start for airport equipment storage insurance

Final tender documents will define the coverage start date; bidders should plan to activate policy promptly after contract award to ensure continuous protection of airport electronic assets stored at multiple locations, aligning with asset deployment schedules.

What are the payment terms for the Airports Authority of India insurance contract

The provided data does not specify payment terms. Expect standard insurance procurement terms in the final tender, possibly annual premiums with renewal terms. Confirm payment milestones, claim settlement procedures, and any retention or performance-related conditions in the policy schedule.

What eligibility criteria are required for airport insurance providers

Eligibility includes being an authorized insurer with sufficient solvency to cover ₹2.5 Crore exposure, demonstrated experience in airport/critical-infrastructure insurance, and ability to provide comprehensive multi-peril coverage with efficient claims handling and airport-specific risk assessment.

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