Rural Electrification Corporation Limited Fire Insurance & All Risk Policy Tender Panchkula Haryana 2026

Tender Overview

Rural Electrification Corporation Limited invites bids for Assets Insurance Service comprising Fire Insurance, All Risk Policy, Standard Fire & Special Perils Cover, and Theft/Burglary/ Earthquake/STFI Cover with optional extensions. Estimated value is ₹18,000 for coverage located in Panchkula, Haryana. No BOQ items released. The contract includes a 25% option clause allowing change in quantity or duration prior to contract issuance and within post-issuance adjustments. This tender targets insurers capable of comprehensive property insurance for assets in a government-owned entity.

Technical Specifications & Requirements

• Coverage: Fire Insurance, All Risk Policy, Standard Fire & Special Perils Cover, Property Damage, Theft/Burglary, Earthquake, Storm/Typhoon/Hurricane/Tornado/Flood/Inundation (STFI), with optional extensions.
• Location: Panchkula, Haryana; Estimated value: ₹18,000.
• No BOQ items; no explicit technical performance metrics provided.
• Policy scope includes multiple perils for asset protection; supplier must align with government insurance procurement norms.
• Documentation specifics and minimum insurer qualifications are not detailed in the data; bidders should prepare standard general insurance BID PACK (policy wording, endorsements, addenda).

Terms, Conditions & Eligibility

• Quantity/Duration flexibility: 25% increase/decrease allowed before contract issue and up to 25% post-issuance under the option clause.
• EMD amount: Not disclosed in the tender details.
• Start/End dates: Not specified.
• Payment terms: Not detailed in available information.
• BOQ: Total Items: 0; no itemized deliverables.
• Compliance: Bidders should ensure alignment with public-sector insurance procurement norms and policy wordings for fire, all-risk, and related perils.