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Housing And Urban Development Corporation Ltd All Risk Insurance Tender Patna Bihar 2026 IRDA Licensed Policy

Bid Publish Date

07-Jul-2026, 1:09 pm

Bid End Date

14-Jul-2026, 7:00 pm

Location

PATNA , BIHAR
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Progress

Issue07-Jul-2026, 1:09 pm
Corrigendum10-Jul-2026
AwardPending
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Quantity

1

Bid Type

Single Packet Bid

Key Highlights

  • • IRDA license for General Insurance Policies required
  • • 25% contract quantity/duration variation at issue and post-issuance
  • • Covers: Standard Fire & Special Perils, STFI, Terrorism, Earthquake (optional riders)
  • • No BOM/BOQ items; insurance service contract rather than goods
  • • Bid must upload all certificates and comply with ATC/Corrigendum
  • • Premium must align with IRDA guidelines; no price escalation during term

Categories 1

INSURANCE SERVICE

Tender Overview

Housing And Urban Development Corporation Ltd in Patna, Bihar invites bids for an All Risk Insurance Policy covering Standard Fire & Special Perils (SFSP), STFI, Terrorism, Earthquake and optional coverages. The procurement scope encompasses a comprehensive general insurance wrapper with premiums aligned to IRDA guidelines. No BOQ items are listed, and the tender emphasizes post-award quantity/duration flexibility up to 25%. An IRDA license for General Insurance Policies must be held by the bidder, with price bids compliant to IRDA guidelines. The absence of a defined BOQ suggests a fixed-scope insurance contract rather than merchandise supply. This tender includes a contractual provision for potential scope adjustment, ensuring adaptability to evolving risk exposure during the policy term.

Technical Specifications & Requirements

  • Organization: Housing And Urban Development Corporation Ltd (HUDCO), Patna, Bihar
  • Policy scope: All Risk Insurance including SFSP, STFI, Terrorism, Earthquake; optional covers may be included
  • Eligibility: IRDA license for General Insurance Policies; price bid must comply with IRDA guidelines
  • Contract flexibility: Up to 25% increase/decrease in quantity or duration at issuance and post-issuance
  • Documentation: Certificates/documents as per bid document and ATC; ensure upload of mandatory certificates
  • Guarantee: No BOQ items; premium should cover all risks as stated by the insured
  • Clause emphasis: Bidder undertakes price adherence; no premium rate hikes during contract period; scheme supported by insurer approvals

Terms, Conditions & Eligibility

  • EMD/Deposit: Not specified in available data; bidders should verify tender terms for security deposit details
  • IRDA compliance: Bid must be issued by an IRDA-licensed insurer; certificates required as per ATC and Corrigendum
  • Certification: Mandatory upload of required certificates; failure leads to rejection
  • Price bid: Strict adherence to IRDA guidelines; no post-award premium increases during contract term
  • Contract scope: Flexible up to 25% in quantity/duration; adjustments require consent
  • Submission: Ensure all bid documents and insurer authorizations are provided on company letterhead where required

Key Specifications

  • All Risk Insurance policy covering SFSP, STFI, Terrorism, Earthquake

  • Optional coverages may be included as per insurer capability

  • IRDA guidelines alignment for premium calculation

  • No BOQ items; fixed policy scope and terms

  • Policy must be issued by an IRDA-licensed general insurance provider

Terms & Conditions

  • IRDA-licensed insurer required for general insurance policies

  • Contract quantity/duration may vary up to 25%

  • Premiums must follow IRDA guidelines and not increase during term

  • Mandatory certificates/upload as per bid document and ATC

Important Clauses

Payment Terms

Prices must adhere to IRDA guidelines; no guaranteed post-award premium increases

Delivery Schedule

Insurance coverage begins on policy effective date as per contract terms; no itemized delivery

Penalties/Liquidated Damages

Not specified in available data; bidders should review the contract terms for LD provisions

Bidder Eligibility

  • IRDA license for General Insurance Policies

  • Experience in providing all risk/general insurance for government bodies

  • Financial stability as evidenced by annual statements and requisite certifications

Additional Tender Data

Commercial Details

Tender Category

Service

Bid To RA

No

Bid To RA Enabled

No

Item Category

Assets Insurance Service - All Risk Policy; Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Terrorism Cover, Earthquake Cover; Optional

Payment Timelines

Payments shall be made to the Seller within 45 days of issue of service delivery acceptance certificate (SDAC) and on-line submission of bills (This is in supersession of 10 days time as provided in clause 12 of GeM GTC)

Delivery Details

Delivery Locations

1

Delivery Cities

Patna

Delivery Pincodes

800001

Delivery Locations

ConsigneeAddressCityStatePincodeQuantityDelivery DaysAdditional Requirement
Satish Kumar Sinha800001,Mauryalok Complex block B-2, Second FloorPatnaBihar800001Project / Lumpsum Based-Total Number of Asset to be Insured (Quantity) : 2 Total Sum Insured for the Assets : 9665000

Authority Records

MINISTRY OF HOUSING AND URBAN AFFAIRSHOUSING AND URBAN DEVELOPMENT CORPORATION LTD

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Documents 6

GeM-Bidding-9554350.pdf

Main Document

Other Documents

OTHER

Other Documents

OTHER

Other Documents

OTHER

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

GEM General Terms and Conditions Document

GEM_GENERAL_TERMS_AND_CONDITIONS

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Required Documents

1

GST certificate

2

PAN card

3

IRDA license for General Insurance Policies

4

Experience certificates (Insurance policy provision experience)

5

Financial statements (as required by tender terms)

6

Technical bid documents confirming coverage scope

7

OEM authorizations or insurer confirmations, if applicable

8

EMD/Security deposit documentation (as per bid terms)

Corrigendum Updates

1 Update
#1

Update

10-Jul-2026

Frequently Asked Questions

Key insights about BIHAR tender market

How to bid for HUDCO Patna all risk insurance tender 2026

Bidders must hold a current IRDA license for General Insurance, submit all required certificates per ATC, and ensure prices comply with IRDA guidelines. The contract allows up to 25% variation in quantity/duration; provide documentation showing coverage for SFSP, STFI, Terrorism, and Earthquake.

What documents are required for HUDCO insurance procurement in Patna

Submit GST, PAN, IRDA license, insurer authorization, financial statements, experience certificates, and technical bid documents. Ensure bid uploads include mandatory certificates per terms and ATC; not submitting documents can lead to rejection.

What standards govern the HUDCO all risk policy tender in Bihar

Policy must conform to IRDA guidelines for general insurance; coverage includes SFSP, STFI, Terrorism, Earthquake with optional riders. The insurer must provide IRDA-compliant pricing and policy wording aligned with statutory requirements.

What is the variation permitted in contract quantity for HUDCO Patna bid

The buyer can adjust contract quantity or duration by up to 25% at contract issue and during the contract period, with the service provider's consent for scope increases in lumpsum contracts.

When will premium rates be fixed for HUDCO Patna insurance

Premium rates must be per IRDA guidelines and there will be no subsequent increase in premium rates during the contract period as per bidder undertaking.

Which organization in Patna is issuing this insurance tender

Housing And Urban Development Corporation Ltd (HUDCO) in Patna, Bihar invites bids for an All Risk Insurance Policy covering SFSP, STFI, Terrorism, and Earthquake with optional coverages.

What is required to prove IRDA licensing in the HUDCO bid

Submit a valid IRDA license for General Insurance Policies along with insurer authorization letters and certificates as mandated by ATC; ensure eligibility criteria are fully met before bid submission.

What coverage components are included in the HUDCO all risk policy

Coverage includes Standard Fire & Special Perils, STFI, Terrorism, Earthquake; optional additions may be pursued, with all risks covered as defined in the policy document and IRDA-compliant pricing.

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