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Kamarajar Port Limited Insurance Service Tender Chennai Tamil Nadu 2025 STFI Cover & Package Policy

Bid Publish Date

23-Dec-2025, 8:14 pm

Bid End Date

20-Jan-2026, 9:00 pm

Value

₹5,75,00,000

Location

CHENNAI , TAMIL NADU

Progress

Issue23-Dec-2025, 8:14 pm
AwardPending
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Quantity

1

Bid Type

Two Packet Bid

Categories 2

PORT INSURANCE SERVICE

Tender Overview

Organization: Kamarajar Port Limited (Chennai, Tamil Nadu). Procurement: Insurance services package covering PORT PACKAGE POLICY, including Business Interruption (Loss of Profit), Standard Fire & Special Perils, Property Damage, Storm/Typhoon/Hurricane/Tornado, Flood and Inundation (STFI), and Terrorism cover. Estimated Value: ₹57,500,000. Location: Chennai, Tamil Nadu 600001. Scope: Asset insurance portfolio for port assets; no BOQ items listed. Unique clause includes bid quantity/duration variation up to 25% pre- and post-contract issuance. No specific start/end dates disclosed.

Technical Specifications & Requirements

  • Insurance covers included: PORT PACKAGE POLICY, Business Interruption (Loss of Profit), Standard Fire & Special Perils (SFSP), Property Damage, Storm/Typhoon/Hurricane/Tornado, Flood and Inundation (STFI), Terrorism.
  • Estimated contract value: ₹57,500,000; no BOQ lines available.
  • Terms indicate ATC and SLA attachments exist; no explicit technical standards or product specs stated in the data.
  • No explicit vendor qualifications or minimum technical capabilities listed; tender appears to be insurance services aggregation rather than hardware, with generic supply terms.

Terms, Conditions & Eligibility

  • Quantity/Duration variation permitted: bidder must accept revised quantity or duration up to 25% at contract issue and post-issuance.
  • ATC/SLA documents uploaded by buyer; additional terms may be attached.
  • EMD details are not disclosed in the provided data.
  • No BOQ items; no explicit delivery schedule or payment terms provided in the data.
  • The tender belongs to the Port insurance category, with standard buyer-added terms and potential contractual attachments.

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Required Documents

1

Experience Criteria

2

Bidder Turnover

3

Certificate (Requested in ATC)

4

Additional Doc 1 (Requested in ATC)

5

Additional Doc 2 (Requested in ATC)

6

Additional Doc 3 (Requested in ATC) *In case any bidder is seeking exemption from Experience / Turnover Criteria

7

the supporting documents to prove his eligibility for exemption must be uploaded for evaluation by the buyer

Frequently Asked Questions

Key insights about TAMIL NADU tender market

How to bid on the insurance tender in Chennai for Kamarajar Port Limited?

Bidders should monitor the procurement portal for updates, review the ATC and SLA attachments once posted, and prepare a comprehensive insurance proposal aligned to the PORT PACKAGE POLICY requirements. Ensure compliance with the estimated value of ₹57,500,000 and be ready to accept quantity/duration variations up to 25%.

What documents are required for the insurance tender in Tamil Nadu port procurement?

Submit corporate documents including GST registration, PAN, company profile, financial statements, and prior insurance project experience. Include risk coverage details for SFSP, STFI, Business Interruption, Property Damage, and Terrorism cover; ensure any OEM or insurer authorizations are included as applicable.

What coverage types are included in the Kamarajar Port insurance package tender?

The package includes PORT PACKAGE POLICY, Business Interruption (Loss of Profit), Standard Fire & Special Perils, Property Damage, Storm/Typhoon/Hurricane/Tornado, Flood and Inundation (STFI), and Terrorism coverage. Bidders should demonstrate capability to underwrite these risks for port assets in Chennai.

What is the estimated contract value for the Kamarajar Port insurance procurement?

The tender indicates an estimated value of ₹57,500,000. Bidders should align their premium estimates, coverage limits, and risk-sharing terms to meet this value, ensuring compliance with all stated insurance categories and potential variation up to 25%.

Are there any bid variation or quantity/duration flexibilities in this tender?

Yes. The buyer may adjust contract quantity or duration by up to 25% at the time of contract issuance and must honor revisions up to 25% after issue. Bidders must acknowledge and accept these variations in their bid submissions.

What is the application timeline and primary delivery expectations for the insurance project?

Specific start and end dates are not disclosed in the data. Vendors should await official tender documents for delivery expectations, ensuring readiness to provide coverage for port assets in Chennai and comply with any post-award service obligations, including policy renewal terms.

What are the standard compliance requirements for port insurance tenders in Tamil Nadu?

Respondents should demonstrate financial stability, prior port or large-institution insurance experience, and capability to underwrite SFSP, STFI, and Terrorism risks. Ensure all certificates (GST, PAN) and prior claim histories are ready, along with any required insurer authorizations.