Export Credit Guarantee Corporation of India Limited Assets Insurance Service Tender 2026 All Risk Policy - ECGC India
Bid Publish Date
29-Aug-2026, 5:30 pm
Bid End Date
08-Sep-2026, 6:00 pm
Value
₹8,00,000
Location
Progress
Tender Overview
Export Credit Guarantee Corporation of India Limited invites bids for an Assets Insurance Service contract covering an integrated All Risk Policy inclusive of Standard Fire & Special Perils, Terrorism, Earthquake, Theft/Burglary, and Property Damage. The estimated contract value is ₹8,00,000. The procurement scope is insurance coverage for EC GC assets with a flexible quantity/duration clause allowing up to 25% adjustment at contract issuance and thereafter. A formal ATC/SOW document is referenced, while BOQ shows zero items, indicating a broad policy procurement rather than goods. This confirms a pure risk transfer arrangement under government procurement rules in India.
Technical Specifications & Requirements
- Insurance type: All Risk Policy for organizational assets
- Coverages included: Standard Fire & Special Perils, Terrorism, Earthquake, Theft/Burglary, Property Damage
- Estimated value: ₹8,00,000
- Scope of work: Provision of comprehensive assets insurance via insurance provider with SOW attached
- BOQ items: 0 items listed; no material quantity schedule
- ATC/SOW documents: File available for bidder review; exact terms to be included in the contract
- Contract flexibility: Quantity/duration may vary by up to 25% at contract issuance and post-issuance
- Compliance: No specific technical standards are listed in the data; bidders must rely on standard procurement practices for government insurance services
Terms, Conditions & Eligibility
- EMD: Not disclosed in the data; present in the terms as an ordinary bid process element
- Bid scope adjustment: Up to 25% increase/decrease allowed at issuance; similar scope changes for lumpsum services with provider consent
- Documents: ATC and SOW references indicate submission of counterpart tender documents
- Delivery/renewal: No delivery milestones; policy issuance as per contract terms post bid award
- Payment terms: Not specified in the available data; standard government insurance procurement terms to apply
- Warranty/LC: Not specified in data; rely on insurer policy terms
- Eligibility: Data does not specify IRDA/IRP licensing, though insurer/broker participation is implied by policy nature
Key Specifications
-
Insurance type: All Risk Policy for department assets
-
Coverages: Standard Fire & Special Perils, Terrorism, Earthquake, Theft/Burglary, Property Damage
-
Estimated value: ₹8,00,000
-
BOQ: 0 items; no hardware quantities
-
Scope documents: ATC and SOW referenced; review before bidding
-
Contract adjustment: ±25% quantity/duration at issuance
Terms & Conditions
-
Bid quantity/duration may be adjusted ±25% at contract issuance
-
Policy must cover all listed perils: fire, terrorism, earthquake, theft, property damage
-
No BOQ items; procurement is insurance service rather than goods
Important Clauses
Payment Terms
Payment terms are not disclosed in the provided data; bidders should review ATC/SOW for exact payment schedule and invoice conditions
Delivery Schedule
No fixed delivery milestones; policy issuance timelines governed by contract after award and insurer profile
Penalties/Liquidated Damages
No LD details in data; refer to ATC for any penalties related to policy issuance delays or non-compliance
Bidder Eligibility
-
Bidders must be eligible to provide asset insurance services in India
-
Possession of appropriate IRDAI licensing or broker authorization (where applicable)
-
Experience in issuing comprehensive property/asset insurance policies
Tender Data
Bid Details
Quantity
1
Bid Type
Two Packet Bid
Bid Validity
30 (Days)
Bid Type
Service
Evaluation
Total value wise evaluation
Tech Clarification Time
2 Days
Preference & Exemptions
EMD Required
No
MII Compliance
Yes
MSE Purchase Preference
Yes
MSE Preference Band
L1+15%
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
Experience Required
3 Year (s)
Arbitration Clause
No
Mediation Clause
No
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, Terrorism Cover, Earthquake Cover, Theft/Burglary Cover, Property Damage Cover; Optional
Payment Timelines
Payments shall be made to the Seller within 10 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
New Delhi
Delivery Pincodes
110023
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Amit Kumar | 110023,Block 3 , Plate A, 4th Floor, NBCC Commercial Complex, East Kidwai Nagar, New Delhi 110023. | New Delhi | Delhi | 110023 | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 6 Total Sum Insured for the Assets : 646591645 |
Authority Records
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Documents 7
GeM-Bidding-9822025.pdf
Main Document
Other Documents
OTHER
Other Documents
OTHER
Buyer uploaded ATC document
ATC
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
Categories
1
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Required Documents
GST registration certificate
PAN card
Experience certificates related to asset insurance projects
Financial statements or turnover evidence
EMD/Security deposit documents (as applicable per ATC)
Technical bid documents and policy/commercial terms
OEM authorizations or insurer brokerage licenses (as applicable)
IRDAI license/broker credentials if bidders are insurers/brokers
Frequently Asked Questions
Key insights about DELHI tender market
What documents are required for the assets insurance tender in India 2026?
Bidders must submit GST registration, PAN, insurer/broker credentials, financial statements, experience certificates on asset insurance, EMD documents per ATC, and technical bid forms. Ensure ATC/SOW is reviewed to align with policy perils and coverage scope of ₹8,00,000.
How to bid for ECGC assets insurance service in India 2026?
Register as an eligible insurer or broker, obtain the IRDAI license if applicable, prepare a technical bid with perils coverage and policy terms, and attach financials and EMD as required. Review ATC/SOW for scope adjustments up to 25% post-award.
What are the key coverages required in the All Risk policy tender?
The policy must include Standard Fire & Special Perils, Terrorism, Earthquake, Theft/Burglary, and Property Damage coverage. Ensure the premium and terms align with an asset coverage value of ₹8,00,000 and comply with ATC/SOW specifics.
When is the bid submission for ECGC insurance tender in India 2026?
Submission timelines are defined in the ATC/SOW; bidders should confirm the exact bid opening date, ensure readiness of EMD documents, and align with the 25% contract quantity/term adjustment clause at issuance.
What are the payment terms for the ECGC insurance procurement?
Exact payment terms are not detailed in the available data; bidders must consult the ATC for invoice timing, instalment structure, and any security deposits or performance bonds tied to policy issuance.
What eligibility criteria apply to participate in this assets insurance bid?
Eligible bidders should be insurers or brokers with appropriate licenses, possess relevant asset-insurance experience, and be prepared to submit standard documents (GST, PAN, financials, experience certificates) along with the technical bid and policy terms.