Assets Insurance Service - Fire Insurance; Standard Fire & Special Perils Cover, Storm, Typhoon, Hu
N/a
KANCHIPURAM, TAMIL NADU
Bid Publish Date
31-Jan-2026, 5:27 pm
Bid End Date
24-Feb-2026, 5:00 pm
EMD
₹28,00,521
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
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.
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
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
Payment terms to be defined in ATC; bid to comply with EMD submission of ₹2,800,521
Policy issuance timelines to be governed by ATC and final contract after bid evaluation
Penalties, if any, to be specified in ATC per standard government insurance procurement norms
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
Main Document
OTHER
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS
N/a
KANCHIPURAM, TAMIL NADU
Engineering Projects (india) Ltd.
KAMRUP, ASSAM
Engineering Projects (india) Ltd.
WEST TRIPURA, TRIPURA
Airports Authority Of India
JUNAGADH, GUJARAT
Airports Authority Of India
SURAT, GUJARAT
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GST registration certificate
Permanent Account Number (PAN) card
Experience certificates in insurance services, especially asset insurance for high-value assets
Financial statements demonstrating capacity to underwrite government asset risk
EMD submission document confirming ₹2,800,521 via DD/online payment
Technical bid documents and policy wordings adherence
OEM/Insurance Company authorization and proposed product endorsements if applicable
ATC compliance certificate and any additional documents requested in the ATC
Key insights about KARNATAKA tender market
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.
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.
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.
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.
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.
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.
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.
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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Main Document
OTHER
OTHER
OTHER
ATC
GEM_GENERAL_TERMS_AND_CONDITIONS