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Nuclear Power Corporation of India Limited Insurance Services for SFSP STFI Earthquake Cover Uttara Kannada Karnataka 2026

Bid Publish Date

31-Jan-2026, 5:27 pm

Bid End Date

24-Feb-2026, 5:00 pm

EMD

₹28,00,521

Progress

Issue31-Jan-2026, 5:27 pm
AwardPending
Explore all 4 tabs to view complete tender details

Quantity

1

Bid Type

Two Packet Bid

Tender Overview

Organization: Nuclear Power Corporation Of India Limited (Department Of Atomic Energy) operating in UTTARA KANNADA, KARNATAKA - 581121. Procure insurance coverage for Assets Insurance Service including SFSP STFI AND EARTHQUAKE; STFI (Standard Fire & Special Perils) Cover; Earthquake Cover with Optional extensions such as Storm, Typhoon, Hurricane, Tornado, Flood and Inundation. Estimated value not disclosed; EMD: ₹2,800,521. The tender emphasizes comprehensive property damage and business interruption protections for atomic energy assets, with ATC and detailed terms available via uploaded ATC document. This procurement targets reliable insurers capable of meeting high-risk coverages under government oversight. Unique aspect: coverage breadth under STFI/Earthquake with optional multi-hazard extensions.

Technical Specifications & Requirements

  • Coverage scope includes SFSP STFI & Earthquake plus optional extensions for Storm/Typhoon/Hurricane/Tornado/Flood and inundation.
  • No BOQ items or quantified equipment list; no itemized quantities available.
  • EMD amount clearly stated as ₹2,800,521; bidder to verify payment mechanism per ATC.
  • Standard insurance probabilities and risk transfer terms will be governed by the uploaded ATC document; bidders must review policy wording and exclusions.
  • Organization expects compliance with government insurance procurement norms and risk-mitigating endorsements specific to atomic energy assets.

Terms, Conditions & Eligibility

  • EMD: ₹2,800,521 (Earnest Money Deposit) as prescribed in ATC.
  • Qualification criteria and detailed eligibility are provided in the ATC document uploaded by Buyer.
  • No start/end dates or delivery milestones published; procurement follows standard government insurance tender process per applicable ATC.
  • Documentation and compliance specifics must align with nuclear sector insurance regulations and DAE oversight.
  • Payment and policy issuance terms will be defined in the ATC and final contract.

Key Specifications

  • Product/Service: Assets Insurance Service for SFSP STFI AND EARTHQUAKE including optional Weather/Disaster extensions

  • EMD: ₹2,800,521

  • Coverage: Standard Fire & Special Perils (SFSP), Earthquake cover, and optional Storm/Typhoon/Hurricane/Tornado/ Flood and Inundation

  • Location: UTTARA KANNADA, KARNATAKA 581121

  • Standards/Compliance: Government insurance procurement norms; ATC terms govern the policy

  • Industry: Nuclear sector asset risk insurance; high-value asset protection requirements

Terms & Conditions

  • EMD submission of ₹2,800,521 as per ATC terms

  • Review and compliance with uploaded ATC document and policy wordings

  • Bid submission must align with government insurance procurement norms for DAE

Important Clauses

Payment Terms

Payment terms to be defined in ATC; bid to comply with EMD submission of ₹2,800,521

Delivery Schedule

Policy issuance timelines to be governed by ATC and final contract after bid evaluation

Penalties/Liquidated Damages

Penalties, if any, to be specified in ATC per standard government insurance procurement norms

Bidder Eligibility

  • Experience in high-value asset insurance, preferably for government or nuclear sector

  • Financial capacity to underwrite large EMD and policy coverages

  • Authorised insurance provider with compliance to ATC and DAE guidelines

Documents 6

GeM-Bidding-8913708.pdf

Main Document

Other Documents

OTHER

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

GST registration certificate

2

Permanent Account Number (PAN) card

3

Experience certificates in insurance services, especially asset insurance for high-value assets

4

Financial statements demonstrating capacity to underwrite government asset risk

5

EMD submission document confirming ₹2,800,521 via DD/online payment

6

Technical bid documents and policy wordings adherence

7

OEM/Insurance Company authorization and proposed product endorsements if applicable

8

ATC compliance certificate and any additional documents requested in the ATC

Frequently Asked Questions

Key insights about KARNATAKA tender market

How to bid for assets insurance service in Uttara Kannada Karnataka?

Bidders must submit the EMD of ₹2,800,521 via online payment or other approved mode and provide GST, PAN, financial statements, and experience certificates. Review the uploaded ATC for policy scope including SFSP STFI and Earthquake coverage, plus optional storm/flood extensions. Adhere to DAE procurement norms and policy wordings.

What documents are required for NPCIL insurance tender in Karnataka 2026?

Required documents include GST certificate, PAN card, evidence of insurance experience, financial statements demonstrating capacity, EMD submission proof of ₹2,800,521, technical bid, and OEM authorizations or endorsements as applicable per ATC. Ensure ATC compliance and policy wordings alignment.

What are the technical specifications for SFSP STFI and Earthquake insurance?

Specification covers SFSP STFI (Standard Fire & Special Perils) and Earthquake with optional extensions for Storm/Typhoon/Hurricane/Tornado/Flood and inundation. Exact policy features, exclusions, endorsements, and premium calculations are defined in the uploaded ATC; bidders must study wordings for risk transfer terms.

When is the EMD deadline and how is it paid for this tender?

EMD amount is ₹2,800,521; payment should follow the ATC guidance, typically via online transfer or demand draft as specified. Verify payment deadline in ATC and ensure submission with bid documents to avoid disqualification.

What standards or compliance must bidders meet for NPCIL procurement?

Bidders must comply with government insurance procurement norms and ATC requirements. The policy scope includes SFSP STFI and Earthquake coverage with optional extensions; ensure regulatory alignment with DAE guidelines and provide appropriate endorsements and certifications in the bid.

What is the scope of coverage under this Uttara Kannada tender?

Scope includes SFSP STFI and Earthquake cover with potential extensions for Storm/Typhoon/Hurricane/Tornado/Flood and inundation. No itemized equipment list available; coverage aligns with high-value asset protection for nuclear facilities, as defined in the ATC.

How to verify eligibility for the nuclear asset insurance tender in Karnataka?

Eligibility requires prior experience in government or high-value asset insurance, financial robustness, and authorization to underwrite nuclear-sector risk. Confirm ATC compliance, submit all required documents, and demonstrate capacity to issue policy coverage under DAE oversight.

What are the payment terms and policy issuance timelines?

Payment terms and policy issuance timelines will be detailed in the ATC and final contract. Anticipate policy issuance after bid evaluation, with premium remittance as per ATC schedule and standard government procurement norms; ensure readiness of necessary endorsements.

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