Indian Railway Catering And Tourism Corporation Limited Insurance Tender West Delhi Delhi 110008 - Terrorism & All Risk Insurance 2026
Bid Publish Date
10-Oct-2026, 12:53 pm
Bid End Date
20-Oct-2026, 1:00 pm
Value
₹53,100
Location
Progress
Key Highlights
- • Insurance coverage scope across multiple risk classes: Terrorism, Electronic Equipment, All Risk, Fire, Money, STFI
- • Location: West Delhi, Delhi 110008 with potential Delhi NCR regulatory alignment
- • Estimated contract value: ₹53,100 indicating a targeted insurance program rather than high-value asset coverage
- • BOQ: No line-items; consolidation under a single policy approach
- • ATC document to define specific terms, renewal, and claims handling requirements
- • Compliance expectations with PSU procurement norms and government insurance standards
- • Potential need for multi-line underwriting capability and Delhi-based asset risk assessment
Tender Overview
IRCTC (Indian Railway Catering And Tourism Corporation Limited) seeks an insurance solution covering multiple asset and risk categories in West Delhi, Delhi 110008. The estimated contract value is ₹53,100 with scope spanning Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance, Money Insurance, and STFI (Standard Fire & Perils) Cover. The procurement focuses on comprehensive property and asset protection for rail and hospitality-related assets, with a broad coverage profile plus perils like Flood and Inundation. Specific BOQ items are not listed, indicating a consolidated insurance program rather than itemized equipment-by-item coverage. Bidders should prepare to demonstrate capability to underwrite multi-line insurance programs for a government PSU context. The tender’s emphasis on diverse risk classes and the absence of a defined BOQ suggests a single, centralized policy proposal rather than multiple vendor allocations. This opportunity is targeted at insurers with multiyear policy issuance capabilities, risk modeling, and claims handling across government assets in Delhi NCR. The procurement context centers on public sector risk transfer and asset protection under standard insurance industry practices.
Technical Specifications & Requirements
- Scope includes: Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance, Money Insurance, STFI Cover, and broader property risk protection.
- No BOQ items; no explicit technical performance metrics or preventive controls listed.
- Coverage must align with government procurement norms for PSU insurers, including claim settlement processes, policy issuance, renewal, and risk assessment capabilities in the Delhi region.
- Bidders should demonstrate capacity to issue multi-line insurance contracts with cohesive policy administration and disaster-response commitments.
- Expected alignment with government tender practices and local regulatory requirements for Delhi-based insured assets.
- No stated delivery timelines; focus is on policy issuance and ongoing administration once awarded.
Terms, Conditions & Eligibility
- Estimated Value: ₹53,100; currency implied to be INR.
- EMD: Amount not disclosed in tender data; bidders must verify in ATC/terms.
- Locations: West Delhi, Delhi 110008; primary assets likely within this corridor.
- ATC/ATD: Refer to Buyer Uploaded ATC document for specific conditions.
- BOQ: No items listed; program appears to be a consolidated insurance policy rather than per-item coverage.
- Submission requirements: Compliance with standard government underwriting, policy issuance, renewal, and claims handling procedures; ensure OEM or insurer authorizations where applicable.
- Date/Deadlines: Start and end dates are not specified in the provided data; bidders should review ATC for timetable.
- Payment terms: Not described; refer to ATC for settlement mechanics and premium payment schedules.
- Warranty/Support: Not specified; expect service-level commitments and claims processing timelines in the ATC.
Key Specifications
-
Scope of cover: Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance, Money Insurance, STFI Cover, Standard Fire & Special Perils
-
Location coverage: West Delhi, Delhi 110008
-
Estimated value: ₹53,100
-
Delivery/issuance: Policy issuance and ongoing administration post-award (not detailed in BOQ)
-
Standards/certifications: Refer to ATC for required regulatory/compliance standards and any PSU-specific guidelines
Terms & Conditions
-
EMD amount not disclosed; verify in ATC
-
Consolidated policy approach; no BOQ items
-
Review ATC for payment terms and renewal schedules
Important Clauses
Payment Terms
Payment terms to be detailed in ATC; likely premium payment schedule upon policy issuance and renewal milestones
Delivery Schedule
Policy issuance and administrative services post-award; precise timelines in ATC
Penalties/Liquidated Damages
Not specified in available data; refer to ATC for SLAs and penalty framework
Bidder Eligibility
-
Insurer with ability to underwrite multi-line government risk programs
-
Demonstrated experience with PSU or public sector insurance contracts
-
Financial solvency adequate to support policy issuance and claims handling
Tender Data
Bid Details
Quantity
1
Bid Type
Single 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%
MSE Exemption/Relaxation
No
Startup Exemption/Relaxation
No
Bid Splitting Applied
No
Requirements
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 - Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance, Money Insurance; Standard Fire & Special Perils Cover, Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Property Da..
Payment Timelines
Payments shall be made to the Seller within 30 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
South
Delivery Pincodes
110029
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| Ranjeet Jaiswara | 110029,4th Floor, Tower-D, World Trade Centre, Nauroji Nagar, New Delhi-110029 | South | Delhi | 110029 | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 1137 Total Sum Insured for the Assets : 59651637 |
Authority Records
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Documents 6
GeM-Bidding-10013438.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
Categories
2
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Required Documents
GST certificate
PAN card
Experience certificates in handling government or PSU insurance programs
Financial statements demonstrating insurer solvency
EMD documents (as specified in ATC) or equivalent security
Technical bid documents and policy drafting capabilities
OEM authorizations or insurer-authorized service network (if applicable)
Any specific IS or ISO certifications referenced in ATC
Frequently Asked Questions
Key insights about DELHI tender market
How to bid for IRCTC insurance tender in West Delhi 2026?
Bidders should review the ATC document for the specific insurance scope, ensure eligibility for PSU contracts, submit GST, PAN, experience certificates, financial statements, and EMD as applicable. Prepare a multi-line coverage proposal covering Terrorism, Fire, All Risk, STFI, and Money Insurance with Delhi-based risk assessment capabilities.
What documents are required for IRCTC insurance procurement in Delhi?
Submit GST certificate, PAN, company and experience certificates in government insurance, financial statements, EMD documents (per ATC), technical bid compliance, insurer authorizations, and any ISO/PSU-specific certifications referenced in ATC.
What are the technical coverage requirements for this IRCTC tender?
Proposals must cover Terrorism Insurance, Electronic Equipment Insurance, All Risk Policy, Fire Insurance, Money Insurance, and STFI Cover with policy administration and claims handling aligned to PSU standards; exact limits and exclusions to be specified in ATC.
When is the bid submission deadline for this IRCTC tender in Delhi?
Deadline details are not in the provided data; bidders must refer to the uploaded ATC for submission timelines, pre-bid meetings, and bid opening dates specific to the West Delhi location.
What is the EMD requirement for the IRCTC insurance tender?
EMD amount is not disclosed in the tender excerpt; bidders should verify the exact EMD or security deposit amount in the ATC and ensure compliance with the declared payment modality.
What are the payment terms for IRCTC insurance procurement in 2026?
ATC will define payment terms; typically premium payment on policy issuance with renewal, and settlement timelines post-claim approval; bidders should align proposals with PSU financial processes and any performance-based clauses.
How to ensure compliance with PSU insurance standards for this tender?
Demonstrate multi-line underwriting capability, Delhi-based risk assessment, robust claims handling, and policy renewal procedures; provide evidence of prior PSU contracts, and ensure alignment with ATC-specified standards and regulatory requirements.