Bharat Petroleum Corporation Ltd Insurance Services Tender Mumbai Maharashtra 2026 - EAR, STFI, Fire & Theft Covers
Bid Publish Date
16-Jul-2026, 6:03 pm
Bid End Date
30-Jul-2026, 3:00 pm
Location
Progress
Quantity
1
Bid Type
Two Packet Bid
Key Highlights
- • BPCL empanelment/approval required for eligibility
- • Insurance covers: EAR, STFI, Property Damage, Fire & Special Perils, Earthquake, Theft/Burglary
- • 25% variation allowance for contract quantity/duration at issue
- • Mumbai, Maharashtra coverage location specificity
- • No BOQ items; multi-line policy capability emphasized
- • Regulatory alignment with local insurance requirements
- • Policy renewal and claim settlement efficiency as critical selection factor
- • Bidder must demonstrate risk management and underwriting capability
Categories
2
Tender Overview
Bharat Petroleum Corporation Limited is seeking an insurance services partner in Mumbai, Maharashtra to provide comprehensive coverage including All Risk Erection (EAR), Storm/Typhoon/Hurricane/Tornado/Flood (STFI) Cover, Property Damage, Standard Fire & Special Perils, Earthquake, and Theft/Burglary. The procurement involves a full insurance program rather than a single policy for an undefined quantity, with a flexible scope under a 25% variation clause. A mandatory empanelment or registration with BPCL is required to be eligible for bid submission, per the buyer’s terms. The tender emphasizes alignment with BPCL’s risk management needs, while enabling formal contract adjustments within the permitted variation window. This opportunity targets insurers capable of delivering multi-line coverage, risk engineering input, and rapid claim settlement across Mumbai. Unique aspects include the emphasis on approved enrollment with BPCL’s vendor registry and a scalable contract framework for fluctuating cover needs.
Technical Specifications & Requirements
- Categories: All Risk EAR, STFI, Property Damage, Fire & Special Perils, Earthquake, Theft/Burglary insurance.
- Geographic scope: Mumbai, Maharashtra; policy issuance should align with local regulatory requirements.
- Coverage breadth: multi-line property and risk covers; no itemized BOQ quantities provided.
- Standards/Compliance: Not specified; bidders must meet BPCL empanelment eligibility.
- Variation clause: Option to adjust contract quantity/duration up to 25% at contract issue; for lumpsum services, scope/value may vary by 25% with consent.
- Experience/Registration: Mandatory BPCL registration/empanelment prior to bid opening; ensure current compliance with Rule 150 of GFR per BPCL term.
Terms, Conditions & Eligibility
- EMD/Financials: Not explicitly specified in data. Ensure readiness for standard BPCL insurance bids.
- Registration: Contractors must be registered/empanelled with BPCL in required goods/services category on bid opening date.
- Delivery/Execution: Insurance coverage terms to be defined in policy documentation; no delivery schedule provided.
- Payment Terms: Not specified in the data; typical tender practice may include premium payments per policy period.
- Documentation: Prepare BPCL registration proof, financial statements, experience evidence in insurance broking/underwriting, and prior risk management credentials.
- Evaluation Criteria: Empanelment status and ability to provide multi-line insurance coverage across listed categories.
Key Specifications
-
Insurance coverage categories: EAR, STFI, Property Damage, Standard Fire & Special Perils, Earthquake, Theft/Burglary
-
Geographic scope: Mumbai, Maharashtra
-
Variation clause: contract quantity/duration may change up to 25%
-
Empanelment requirement: BPCL registration prior to bid opening
-
No explicit BOQ; emphasis on multi-line coverage capability and risk management expertise
Terms & Conditions
-
Empanelment with BPCL is mandatory for eligibility
-
Contract scope allows up to 25% variation at contract issue
-
Multiple insurance lines must be offered under a single program
-
No BOQ items exist; focus on policy terms, coverage, and claims handling
Important Clauses
Registration / Empanelment
Contract will be awarded only to BPCL-registered bidders; registration must be active on bid opening date.
Variation in Contract
Buyer may increase/decrease contract quantity/duration by up to 25%; scope adjustments require approval.
Payment Terms
Specific premium payment terms to be defined in policy documentation; bidders should anticipate standard renewal and settlement timelines.
Bidder Eligibility
-
Must be BPCL registered/empanelled for required insurance category
-
Demonstrated experience in multi-line insurance contracts (EAR, STFI, Fire, Theft, Earthquake)
-
Financial stability evidenced by audited statements
Additional Tender Data
Commercial Details
Tender Category
Service
Bid To RA
No
Bid To RA Enabled
No
Item Category
Assets Insurance Service - Erection All Risk (EAR), As per tender; Storm, Typhoon, Hurricane, Tornado, Flood and Inundation (STFI) Cover, Property Damage Cover, Standard Fire & Special Perils Cover, Earthquake Cover, Theft/Burglary Cover, As per tend..
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
Mumbai
Delivery Pincodes
400001
Delivery Locations
| Consignee | Address | City | State | Pincode | Quantity | Delivery Days | Additional Requirement |
|---|---|---|---|---|---|---|---|
| BURGUPALLI SAILOHITH | 400001,BPCL CHAIRMAN'S OFFICE, BHARAT BHAVAN, BALLARD ESTATE, MUMBAI | Mumbai | Maharashtra | 400001 | Project / Lumpsum Based | - | Total Number of Asset to be Insured (Quantity) : 1 Total Sum Insured for the Assets : 4569400000 |
Authority Records
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Documents 5
GeM-Bidding-9618704.pdf
Main Document
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
BPCL registration/empanelment certificate for required insurance category
Company GST registration certificate
PAN card
Audited financial statements for last 2-3 years
Experience certificates in similar insurance service contracts
Authorization from any OEM or insurer if acting as broker
Past claim management performance records
Any prior BPCL engagement or vendor clearance documents
Frequently Asked Questions
Key insights about MAHARASHTRA tender market
How to bid for BPCL insurance tender in Mumbai 2026
Bidders must be BPCL-empanelled in the required insurance category before bid opening, provide GST, PAN, and audited financials, and demonstrate multi-line coverage capability for EAR, STFI, theft, fire, and earthquake. Prepare documentation for risk management and prior claim experience.
What documents are required for BPCL insurance bid submission Mumbai
Submit BPCL registration/empanelment proof, GST certificate, PAN, audited financial statements, experience certificates in similar contracts, insurer/broker authorizations, and prior claims settlement records. Include risk management approach and policy renewal capabilities.
What are the insurance coverage categories for this BPCL tender
Categories include All Risk EAR (erection), STFI (storm/flood), Property Damage, Standard Fire & Special Perils, Earthquake, and Theft/Burglary. Vendors must offer a unified program covering these lines with Mumbai geographic relevance.
What is the variation clause for BPCL insurance contract
The buyer may adjust contract quantity or duration up to 25% at contract issue, and again upon finalization. Ensure readiness to scale coverage and premium if scope changes are approved by BPCL.
What standards or registrations are required for eligibility in BPCL tender
Mandatory BPCL registration/empanelment in the relevant insurance category. Ensure GST, PAN, and financial credibility; maintain current vendor clearance as per BPCL terms and GFR Rule 150 compliance.
When will BPCL disclose policy terms and renewal details Mumbai
Policy terms, renewal schedules, and premium payment terms will be defined in the final contract documents post bid evaluation. Bidders should anticipate renewal timelines aligned with annual policy cycles.
What experience demonstrates eligibility for BPCL asset insurance
Proven track record in multi-line insurance contracts covering EAR, STFI, Fire, Theft, and Earthquake with claims settlement efficiency. Provide references, policy examples, and demonstrated risk management practices during prior engagements.
How to confirm BPCL registration status before bidding
Contact BPCL procurement/vendor management or check the BPCL empanelment portal to verify current registration status. Ensure the category aligns with the tender’s required insurance lines prior to bid submission.
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Documents 5
GeM-Bidding-9618704.pdf
Main Document
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